TilTech Capital Venture Fund
Russia
Central Federal District of the Russian Federation
Moscow
st. Kulakova d. 20, bldg. 1
Assets | Owners |
+ TilTech Capital Venture Fund |
Computers and phones have long been transformed into miniature autonomous devices that quickly and easily adapt to the user. Medicine in general and taking care of the health of each person in particular must conform to the concept of modern computers - to be accessible, reliable, convenient and personalized.
The TilTech Capital Venture Fund focuses on combining innovative technologies in medicine with new ways to provide and receive medical services.
History
2024
Transfer of 80% of the company to CEO Ilya Kobyakov
On March 21, 2024, the investment group of Tiltech JSC optimized the structure of Tiltech Capital LLC. As part of this procedure, 80% of the company was transferred to its general director Ilya Kobyakov.
Before making changes to the structure of the owners, 20% of the organization was with Kobyakov, 80% with Tiltech JSC. After optimization, Kobyakov received a 100 percent stake in Tiltech Capital. At the same time, as noted in the company, from the point of view of management, practically nothing has changed.
 | Optimized and made the structure transparent. LLC "Tiltech Capital" is a managing partner of DIT "Tiltech Capital." In fact, we have been fulfilling this role since 2019, - said representatives of the investment fund. |  |
Tiltech was created in 2016 by the founder of Vkusville Andrei Krivenko, co-owner of the seafood supplier Agama Group Yuri Alasheev and the head of the Khimrar medical center Andrei Ivashchenko. In turn, Tiltech Capital was founded in 2017 with the participation of Agama, Vkusville and the Himrar center. The fund is an investor in the Fomin Clinic network, the DocMed/DocDeti/DocDent clinic network, designer jewelry retailer Poison Drop, sleep brand Blue Sleep, etc.
It is said that the main activity of Tiltech Capital is "the provision of other financial services, except for insurance and pension services, not included in other groups." In addition, several other types of work are indicated: this is an activity related to the use of computer technology and information technology (other); data processing activities, provision of information posting services and related activities; work on the creation and use of databases and information resources; advisory activities and work in the field of computer technology.[1]
Investment in Charmstore
On February 19, 2024, the Tiltech Capital Foundation (among its co-owners, the founder of the Vkusvill2Andrey Krivenko chain) announced its investment in the Charmstore clothing chain. Financial and other parameters of the transaction are not disclosed. Read more here.
Purchase 10% Divan.ru
On February 7, 2024, it became known about investing in a manufacturer and seller of furniture and household goods Divan.ru. The Tiltech Capital fund has invested in the project (among its co-owners is the founder of the Vkusville network, Andrei Krivenko). The volume of investments was not disclosed, but the size of the share sold to investors is known - 10%. It can be increased to 25% a year after the deal is concluded. Read more here.
2023
Buying 25% Poison Drop
The Tiltech Capital Foundation (among its co-owners, the founder of the Vkusville chain, Andrei Krivenko) invested in Poison Drop, buying 25% of the jewelry store chain from one of its founders. This became known on November 7, 2023. Read more here.
Investment in Seven Seeds
At the end of October 2023, an investment in Seven Seeds was announced. The Tiltech Capital Foundation (among its co-owners, the founder of the Vkusville chain Andrei Krivenko) and its partners have invested in the project of an online supermarket of goods for gardens and summer cottages. The volume of investments has not been disclosed. Read more here.
Investment in Food Miles
At the end of February 2023, it became known about investing in Food Miles. The Tiltech Capital fund has invested in the Russian service for delivering local products to its stores (among its co-owners is the founder of the Vkusville chain, Andrei Krivenko). The financial terms of the transaction were not disclosed. It is only known that a 20 percent share in the startup entered its perimeter. Read more here.
2022
Investing 200 million rubles in DocMed
On October 18, 2022, it became known about the investment of 200 million rubles in DocMed. The Tiltech Capital fund has invested in the medical network (among its co-owners is the founder of the Vkusville network, Andrei Krivenko). Read more here.
Investing in Doctor Fomin's network of single-profile clinics
On June 27, 2022, it became known about the investment of 250 million rubles in the Fomin Clinic. The Tiltech Capital fund (among its co-owners is the founder of the Vkusville network, Andrei Krivenko) and its partners have invested in the medical network. Read more here.
Investing in the garbage collection service "Cleaner"
On March 17, 2022, the Ubrator service announced the attraction of 170 million rubles. The main investor in the Series A funding round was the Tiltech Capital Fund. Read more here.
2021
Investing in Skipp IT Recruitment Platform
On November 10, 2021, it became known about the investment of $635 thousand in. According to Skipp the results of the funding round startup , it was estimated at $5 million. Skipp received funds from co-founder Skyeng Denis Smetnev, former CEO Delivery Club Andrei Tsytsenko, TilTech Capital Foundation, Skyeng managing partner Alexander Laryanovsky and a number of other investors. The raised funds startup will be spent on global expansion and attracting developers from countries. CIS More. here
Investing $300,000 in a virtual assistant platform
On October 29, 2021, it became known about the investment of 22 million rubles in Lia. The Tiltech Capital fund has invested in the startup (among its co-owners is the founder of the Vkusville network, Andrei Krivenko). Read more here.
Investing in sleep products developer Blue Sleep
On September 10, 2021, it became known about investing $1 million in Blue Sleep. The Tiltech Capital fund (among its co-owners, the founder of the Vkusville chain Andrei Krivenko) and existing investors Gosha Semenov, Konrad Habsburg and Nick Lyle invested in the sleep goods manufacturer. Read more here.
Investing 1 billion rubles in IT startups in the field of retail and education
At the end of April 2021, the TilTech Capital Foundation announced the investment of 1 billion rubles in technological projects developing products for the consumer market.
According to TAdviser in the fund, the funds are planned to be distributed among a number of companies within 6-9 months. Startups will be able to count on investments in the amount of 15 to 350 million rubles.
The funds will receive projects developing technologies in areas such as retail, manufacturing, medicine education and digital platforms, as well as "entrepreneurs and teams who are immersed in operational management based on modern management practices."
Applications can be left on the fund's website or personally to investment managers by mail and through social networks, the company said. By April 30, 2021, it is not known about the first people wishing to participate in the investment program of the TilTech Capital fund.
The Fund intends to issue convertible loans and direct investments in capital in exchange for a minority stake in projects.
During 2020, TilTech Capital has already invested about 1 billion rubles in companies operating in consumer markets. Among them are the Dorogobogato clothing brand, the Blue Sleep sleep product brand, the last mile delivery service for the Checkbox business, as well as other projects. In total, the fund invested in 13 projects.
TilTech Capital also noted that the fund invests in entrepreneurs and business of the future, it is built on technologies and modern management practices.
The fund focuses on companies that have been able to adapt to the crisis caused by restrictions due to the COVID-19 coronavirus pandemic, as well as demonstrated stable growth and profitability.
Investing 1.2 billion rubles in the "Fomin Clinic"
On March 10, 2021, the TilTech Capital investment fund, among whose co-owners is the founder of the Vkusville network Andrei Krivenko), announced the investment of 1.2 billion rubles in the Fomin Clinic. The parameters of the transaction, including the estimated value of the medical network and the investor's share in it, were not disclosed. Read more here.
Investing in the Rediska chain of gastronomic shops
The TilTech Capital Foundation has invested in the Rediska chain of gastronomic shops operating in the premium segment of the club format in the capital region. This became known on January 22, 2021. Read more here.
2020
Startup Lab venture capital fund launch to invest in start-ups in early stages
On December 14, 2020, it became known that Startup Lab (a subsidiary of TilTech Capital, among whose co-owners is the founder of the Vkusville network Andrei Krivenko) launched its second fund to invest in startups in the early stages. Read more here.
Investing in Luxxy, an expensive clothing resale service
On November 20, 2020, the Tiltech Capital venture fund, among whose co-owners the founder of the Vkusville network, Andrei Krivenko, announced the investment of 15 million rubles in Luxxy in exchange for a 12.5 percent stake in the project. Read more here.
Investing in Ubirator Waste Management Service
On November 11, 2020, it was announced that Ubirator had attracted 45 million rubles of investments. The startup will spend the funds received on business development, including expanding the network of recycling points. In 2021, the company intends to open new recycling points in Kazan, Yekaterinburg and Nizhny Novgorod. Also during 2021, the project will expand the pool of fractions accepted for processing. Read more here.
Investing in beauty developer Shine Is
On October 26, 2020, the Tiltech Capital venture fund announced the investment of 50 million rubles Shine Is in exchange for a 16.67 percent stake in the company. As a result of the transaction, the cosmetics developer was estimated at 300 million rubles. Read more here.
Investing in the delivery service for online stores "Checkbox"
On October 15, 2020, it became known that Checkbox had attracted investments in the amount of 90 million rubles. Most of all - 70 million rubles - the Tiltech Capital fund invested in the startup. He got 20% of the Checkboxes. Vlad Varlashin and Sergei Litvinenko, who had previously invested in the startup, have now invested 20 million rubles. The cost of Checkbox was estimated by investors at 370 million rubles. Read more here.
Investing 30 million rubles in the manufacturer of smart mattresses Blue Sleep
At the end of September 2020, the Tiltech Capital Foundation announced the investment of 30 million rubles in Blue Sleep. Under the terms of the agreement, the fund will receive 7% in the startup, and will also be able to additionally invest 30 million rubles in it in the first quarter of 2020. Read more here.
Buying 20% of Food & Wine
In early July 2020, it became known that the Tiltech Capital fund was among the co-owners of the Food & Wine service. Read more here.
Investing 1 billion rubles in small cafes and shops
On April 14, 2020, the Tiltech Capital Fund announced the investment of 1 billion rubles in small and medium-sized retail and manufacturers who were able to adapt to the crisis and saw new opportunities for development, but do not have sufficient resources.
In particular, representatives of food and non-food retail can count on investments. The main requirements for projects that can qualify for financial support are as follows:
- the entrepreneur must be immersed in operational management;
- business should confirm a healthy economy for 2019 (profitable growing company, transparent reporting);
- There must be an integrated ERP system.
A representative of the fund told Kommersant that companies with annual revenues in 2019 of less than 800 million rubles can receive up to 60 million rubles in exchange for shares, and larger transactions are discussed individually. At the end of the year, companies should be profitable and growing.
Managing partner of Peregrine Capital Nikolai Gabyshev, in a conversation with the publication, noted that by mid-April 2020, Tiltech Capital may receive a stake in the troubled company at a lower valuation. In times of crisis, the market value of companies naturally becomes lower, but this is always determined on an individual basis, he explained.
Experts interviewed by the newspaper among potential projects for investments of the Tiltech Capital Foundation called the cookery chain Brusnika, Anderson Cafe and Prime. According to analysts, when consumer demand is compressed, e-commerce, home delivery, online entertainment, food and pharmacy retail are growing. According to its own data, the fund manages projects totaling $50 million.[2]
Notes
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