Malina VC

History

2023

Investing 15 million rubles in the Mfpay crypto gallery service

At the end of December 2023, it became known that the Malina VC venture capital fund invested 15 million rubles in the startup Mfpay, which developed the crypto gallery platform of the same name. The transaction was carried out in the format of SAFE (Simple Agreement for Future Equity) - an agreement on future capital. Read more here.

Fund creation

In mid-December 2023, it became known about the launch in Russia of the Malina VC venture capital fund in the amount of 1 billion rubles for investments in domestic fintech startups. This is a joint project of the founder of the startup studio TheQube.VC Anton Pronin and ZPIF Intellect Capital.

The new fund acts as a smart investor, so it will focus not only on financing portfolio companies, but also on helping to establish partnerships, industry expertise and expertise in intellectual property, "Rb.ru Anton Pronin told the publication. - We see growing demand for institutional venture capital

Venture fund for 1 billion rubles launched in Russia to invest in fintech startups

It is noted that Malina VC will invest in Russian startups specializing in financial technologies, developments in the field of marketplaces and related services. Each project will receive an average of 20-35 million rubles, and the fund - up to 10% in the authorized capital of the startup in exchange for investments. Malina VC will favor teams that already have early sales or stable revenue and a sustainable business model.

According to the managing partner, Malina VC interacts with other funds, and in 2024 plans to include several LPs (Limited Partners) in the fund. By mid-December 2023, the fund selected six startups for investment, by the end of 2023 it is planned to conclude three financing transactions.

According to Smart Ranking analysts, the volume of the Russian fintech market for the top 100 largest companies amounted to 139.38 billion rubles - 33.18% more than in 2021, when the top 100 accounted for 104.65 billion in total revenue. All market segments showed year-on-year growth in the range of 11.97% - 64%. The growth leader was the lending segment, which occupies 4% of the market - its revenue amounted to 5.2 billion rubles.^[1]

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