Begin Capital

History

2021

Investing in an Advertising Optimization Platform Tomi.ai

In June 2021, it became known that the company attracted Tomi.ai investments in the amount of $1 million. Begin Capital and Phystech Leadership funds, as well as private investors, invested in the startup. The financial parameters of the transaction, including the estimated value of the Tomi.ai, are not disclosed. More details here.

Investing in Naduvi furniture marketplace

In early June 2021 Dutch startup Naduvi , he raised $10 million in the Series A round, which he headed the Begin Capital fund. All Iron Ventures, FJ Labs, current investor Slingshot Ventures, a Russian fund Fores Ventures and a number of undisclosed business angels also took part in the round. More. here

Launch of a $10 million fund for investing in AI projects

January 19, 2021 it became known about the launch of a new fund by the investment company Begin Capital. Its funds will be provided to projects specializing in artificial intelligence technologies. The amount of the fund is $10 million.

As the founder of Begin Capital Alexei Menn wrote on his Facebook page, investments in startups at an early stage of development are planned. They will be able to count on investments in the amount of $100-250 thousand. The fund is focused on the European market, investments will take place at the Seed and Series A stages.

Alexey Menn, founder of Begin Capital

Our thesis: AI [AI, artificial intelligence - approx. TAdviser] is a catalyst that can accelerate the development of most sectors of the economy. We believe that companies that will effectively use artificial intelligence-related solutions will have a huge advantage over competitors. Moreover, many new companies will be with AI DNA at the very start, he said.

Menn also emphasized that "the first fund remains very active," and in 2021 it is planned to close 5-7 new transactions with a target check of $1 million for the transaction.

We are still not looking for speculative transactions, we are interested in helping talented entrepreneurs build global companies from which they will not want to leave. We are a patient investor, for whom the interests of the company and the founders are no less important than our own, and we always fulfill our promises, "wrote the founder of Begin Capital on Facebook.[1]

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