Digital Horizon Digital Horizon
Since 2016
Europe
London
One Heddon St, Regent Street, London, W1B 4BD
Digital Horizon (Digital Horizon LLC) is an international investment company from Russia that unites a technological incubator and a venture capital fund.
History
2022
Investing in UK API developer to launch WealthKernel investment apps
In mid-January 2022, it became known about investing $7 million in WealthKernel. The Digital Horizon fund took part in the Series A + financing round (one of its founders is Oleg Vaksman, former deputy chairman of the board of Gazprombank. Read more here.
Investing in US one-click shopping service Bolt
In mid-January 2022, Bolt announced the raising of $355 million as part of the Series E financing round, in which the Digital Horizon Foundation took part (one of its founders is the former deputy chairman of the board of Gazprombank Oleg Vaksman). Read more here.
Investing in Refyne
Digital Horizon on January 14, 2022 announced that it had invested in Refyne, which offers advance payments of part of the salary, in a round of $82 million. Read more here.
2021
Investing in UK employee training platform Learnerbly
On December 7, 2021, it became known about the investment of $10 million in Learnerbly. The main investor was the Beringea fund with the participation of the FJ Labs fund. The venture capital fund Digital Horizon also took part in the funding round of the platform for professional staff development. Read more here.
Launch of a second $200 million venture capital fund to invest in fintech and corporate software
Digital Horizon VC - one of the players in the venture capital market - on November 10, 2021 announced to TAdviser the launch of a second fund with a target volume of $200 million. The first fund, opened in 2019, completes the investment stage. According to the results of the first two years of work, he returned 40% per annum to investors.
 | We abandoned the traditional venture approach and from the very beginning invested in companies at various stages - from round A to D. Early startups can grow tenfold, but this is' long'money that will have to be forgotten for 5-7 years. In the later stages, growth slows down - the estimate increases by an average of 3-5 times, but the return on investment occurs in just 1-2 years. The multi-stage fund gives high profitability at long distances, while the first income begins to bring almost immediately. The new fund will also be multi-stage, explained Digital Horizon founder and managing partner Alan Waxman.
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The industrial focus of the fund will continue - the team will continue to invest in fintech and corporate software. These are among the fastest growing segments in venture capital, Digital Horizon emphasized. Thus, the volume of investments in fintech in the first quarter of 2021 amounted to $98 billion, which is twice as much as in the same period in 2020. And spending on corporate software, according to Gartner's forecast, in 2022 will grow by $70 billion and amount to $699 billion.
In addition, Digital Horizon has accumulated significant expertise in these industries. The company invested in American, Israeli and European startups, and also built technology businesses from scratch in Russia and the UK.
Шаблон:Quote 'author = added Alan Waxman, founder and managing partner of Digital Horizon.
Digital Horizon has a special focus on startups founded by immigrant foundations. According to the team's experience, most often these are people with a broader view of traditional things, able to quickly find non-obvious connections. 70% of startups in which the fund invested were born and raised in the wrong country where they build businesses.
In total, the fund's portfolio for November 2021 has more than 20 transactions, including a platform for managing Monday.com teams, an Ably data streaming platform, an installment plan service Klarna, a platform for retail analytics Trax, InsurTech companies Cuvva and Obligo, etc. Venture builder has built eight companies, among which are the blockchain platform for trade financing Factorin, the financial service with the Swiss license Aximetria, the open banking platform Apibank, the virtual marketer Max.
Investing in Israeli fintech company Obligo
In early November 2021, Obligo announced the attraction of $35 million in investments as part of the Series B round, which was headed by 83North. The deal was also attended by the Russian-founded venture capital fund Digital Horizon VC. Other investors included HighSage Ventures, 10D, Entrée Capital, Alumni Ventures, MUFG Innovation Partners and La Maison Partners. The parameters of the transaction, including the estimated value of the startup, were not disclosed. Read more here.
Investing in an American service to pay for online orders Bolt
In mid-October 2021, it became known that the fund with Russian roots Digital Horizon invested American in a service to pay for online orders Bolt in a round of $393 million. As a result of this investment transaction startup , it was estimated at $6 billion against $850 million in December 2020, the agency reports. Bloomberg More. here
Investing in Singapore's Honest Bank fintech
Venture Fund Digital Horizon on August 27, 2021 announced that it had taken part in the A-company round the Singapore fintech. Honest Bank The round was led by Insignia Ventures Partners and the Digital Horizon Foundation. Digital Horizon invested $5.5 million in the company. More. here
Investing in Carta's private wealth management platform
In mid-August 2021, Carta announced the attraction of $500 million in investments as part of its eighth round of financing, as a result of which the startup was valued at $7.4 billion. Digital Horizon invested in the startup. This is more than double the valuation that the company received in the seventh round ($3.1 billion), held eight months earlier. Read more here.
MTS sale of controlling stake in Factorin blockchain platform
On July 27, 2021, the international investment company Digital Horizon announced to TAdviser that it had closed the deal to sell a controlling stake in the Factorin blockchain platform of MTS PJSC. Read more here.
Investing in data streaming platform Ably
On June 30, 2021, the Digital Horizon VC fund announced that it had reinvested in the platform for. streaming data Ably More. here
Investing in Trax Retail
On April 13, 2021, Digital Horizon announced its investment in the retail analytics platform Trax Retail. Read more here.
2020
Investment in Israeli-American fintech startup Obligo
The Digital Horizon Foundation on November 20, 2020 announced that it had invested in round A in IsraeliAmerican fintechstartup Obligo--. The pool of investors who jointly invested $15.5 million in the company also included funds from 83North, 10D, Entrée Capital, Viola Credit and other investors. here More.
Investment in African startup Healthlane
On August 27, 2020, it became known that the venture capital fund Digital Horizon invested in a graduate of Y Combinator - Healthlane. This startup intends to build an ecosystem in the field of medicine that facilitates access to health services in Africa based on the existing offline infrastructure. Read more here.
Investing in British startup Ably
The Digital Horizon VC Foundation on July 15, 2020 announced its investment in Ably, which creates an infrastructure for application and service developers. Read more here.
2019
Investment in mobile insurance app developer Cuvva
In early December 2019, it became known about the funding round conducted by Cuvva. Among other things, a venture capital fund with Russian roots Digital Horizon and the RTP Global fund Leonid Boguslavsky invested in it. Read more here.
Closing the CST deal
Sberbank, Gazprombank Digital Horizon and closed the deal, in which Sberbank acquired 51% of the shares, and Speech Technology Center Digital Horizon entered the capital of the CST. This was reported on August 5, 2019 by Sberbank. More. here
Entry into the capital of the CST
On April 12, 2019, Sberbank informed TAdviser about the conclusion of a deal with Gazprombank and venture capital company Digital Horizon, in which it acquired from Gazprombank a 51% stake in the CST group of companies, a Russian developer of biometric technologies. Digital Horizon also entered the capital of the CST. The financial terms of the transaction were not disclosed. It is planned to close it by the end of May 2019. At the same time, Gazprombank remains a strategic shareholder of the CST and will continue to actively participate in the further development of the company. Read more here.
Description of activities
The incubator, working on the venture-build model, creates breakthrough projects in, fintech, and retail marketing media. Venture fund Digital Horizon invests in the early stages in startups with working products and promising developments for (, "industry 4.0" software marketplaces), as retail well as. financial sector The Digital Horizon team has expertise in target industries and extensive ties with strategic partners, funds, development companies
See also
- Venture investing
- Venture capital investments in the IT sector of Russia
- Venture capital investments in Russia
- Corporate venture in the IT industry of Russia May 2019
- Corporate venture in the IT industry of Russia November 2018
- Investment in medical tech
- Collective investments (Russian market): mutual funds, bonds, ILI
- Crowdinvesting (equity crowdfunding) and Crowdlanding
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