Assets
History
2022
Investing in an American bank for the Cross River fintech
In May 2022, it became known about the investment of Cross River. The fund of Pavel Cherkashin and Grigory Trubkin invested $4 million in the American bank, its estimated value is $3 billion. It is reported that the shares were bought back on the secondary market. More details here.
Investing in Pipe Technologies, a US startup financing platform
In May 2022, it became known about the investment of Mindrock Capital in Pipe Technologies. The fund of Pavel Cherkashin and Grigory Trubkin invested $5 million in the American project, its estimated value is $2 billion. More details here.
Investing $14 million in a blockchain company ConsenSys
As it became known in early May 2022, the Mindrock Capital fund under the management of Pavel Cherkashin and Grigory Trubkin invested $14 million in ConsenSys. Shares were bought on the secondary market. According to data as of March 2022, the blockchain company's estimate was $7 billion. The transaction was announced by the Telegram channel "Russian Venture." More details here.
2021
Purchase of a stake in the PRA company Automation Anywhere
On July 20, 2021, the investment company Mindrock Capital announced the purchase of a stake in Automation Anywhere for $4.3 million. Of what part of the capital of developer of RPA solutions the investor took control, it is not specified. Previously, Automation Anywhere was estimated at $6.8 billion. More details here.
Investing $6 million in fintech startup Klarna
On May 20, 2021, the investment company Mindrock Capital announced the investment of $6 million in Klarna. The company's shares were acquired on the secondary market, TAdviser told Mindrock. More details here.
2020: Investing $5 million in SpaceX
October 14, 2020 it became known about the investment of $5 million by the Mindrock Capital fund in SpaceX. The market value of the aerospace company Ilona Mask is estimated at $46 billion.
At the same time, Mindrock Capital has entered into an agreement with Momentus, a company specializing in space logistics, and is investing $7 million in exchange for shares at the time of the upcoming exit to the exchange. Mindrock Capital's share of SpaceX and Momentus is less than 1%.
Earlier in October 2020, Momentus announced the signing of a merger agreement with Stable Road Acquisition Corp. and plans to conduct an IPO with an estimate of $1.2 billion in early 2021.
According to Rusbase, Momentus is a strategic partner of SpaceX, Lockheed Martin and NASA. The startup of Russian entrepreneur Mikhail Kokorich is developing space transport, which delivers satellites in orbits.
One of Momentus's developments is the Vigoride "space tug," which will be used to deliver small satellites weighing up to 750 kg to low Earth orbits. Vigoride is scheduled for launch in December this year with a Falcon9 launch vehicle from SpaceX. Momentus Space is the first portfolio company of One Way Ventures.
 | With the development of basic technologies for launching into orbit, the space market has unlimited growth potential, offers investors significant growth in the coming decades, "said Grigory Trubkin, managing partner of Mindrock Capital, to the publication. |  |
According to a representative of Mindrock Capital, investment in space startups is one of the most priority areas for the fund, whose managing partner is Pavel Cherkashin.
According to an analyst forecast cited by Rusbase, the space industry will grow from $424 billion in 2019 to $1.4 trillion in 2030.[1]
Notes
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