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European Legal Service (ELS)




The European Legal Service was founded in 2007, having created new commodity category of the round-the-clock remote legal support in the market. The company became the first, the legal prevention which offered to the market online service in all types of the right.

The fund is created due to attraction of financial resources of private investors and aimed at investment of capital in the mature companies with plans for an exit to the IPO in the next 2-4 years or sales to the strategic investor.

Also enters into EYuS group

  • telemedicine service "Teledoktor24",
  • service for remote receiving tax deductions of Nalogiya,
  • service of the help on roads "Ultra24",
  • service of support e-commerce "LegalBox" and other services for B2C and B2B of the markets.

Partners of the company are more than 100 banks (including Sberbank, Gazprombank, Post Bank, Alfa Bank, Raiffeisenbank, Akbars), insurance companies, retail, IFI, car dealers and others.

2020: VTB Capital of Investment purchased a share in the European Legal Service

In March, 2020 the JSC VTB Capital Upravleniye aktivami Fund purchased a share in group the European Legal Service (further – EYuS). During the transaction with EYuS the share in 33% of the capital of group was purchased. The purpose of purchase is income acquisition for shareholders of fund through growth of project cost of investments.

The fund focused on investments into the successful technology fast-growing companies was created in April, 2019. Its shares are intended for the qualified investors. Aggregate term of functioning of fund – eight years, its maximum size – to 10 billion rubles. Investment of capital via this tool assumes the investment period in four years. Payment of an investment revenue is going to begin in 3-4 years after acquisition of a share in process of an exit of fund from the financed projects. At the first stage more than 1 billion rubles were attracted. At the beginning of March the next additional issue in fund which are supposed to be carried out on a regular basis in process of commission of investments took place.

"The transaction with EYuS completely corresponds to the mandate of our fund – we invested in mature, successful technological business. The business model of EYuS is essentially new to such traditional markets as the market of legal services, medical services, tax consulting and others. We see high potential of growth of cost of business, in view of high historical and forecast rates of increase in revenue of the companies of group and also capability quickly to resolve sensitive issues in connection with global changes of an ecosystem of business. In particular, today in the period of a pandemic because of distribution of COVID19 EYuS undertakes problems of consultation of the population of the problems connected with health (telemedicine service "TELEDOKTOR24") and of legal issues (the sick-list, remote work, a refund for tickets, etc.). It should be noted that we act as the financial investor here and our purpose is, first of all, income for shareholders of fund", – Magomed Askhabov, the head of the alternate investments emphasized VTB Capital Asset management.

"For last year the volume of our revenue increased almost twice. It means that at the market of remote legal services and LegalTech big perspectives. Today VTB Capital Asset management is the largest Russian player, the leader of the investment market of Russia, and cooperation with it – really big step for market development in general and our group, in particular. Partnership will allow to bring our services to new level and also will accelerate development of new B2B and B2C of service solutions for the market" — Bekrenyov Sergey, the president and the founder of EYuS noted.