Speedinvest

Assets

As of October 2017, Speedinvest manages €100 million. Headquarters of the foundation in Vienna. By this time, during the six years of operation, Speedinvest had invested in 80 projects, eight of them were absorbed by corporations. In particular:

• Shpock Used Items and Antiques Search Application is part of the Schibsted Media Group;
• The web page and application content collaboration service Wikidocs was bought by the Australian developer Atlassian;
• video streaming service in the field of e-sports Hitbox absorbed the platform Azubu.tv.

2021

Investing in an AI platform for employee training CoachHub

In early September 2021, the German company CoachHub raised $80 million as part of the B2 series investment round, increasing its total capital of the B series round to $110 million. Draper Esprit, HV Capital, Signals Venture Capital, Partech and Speedinvest, as well as Leonid Boguslav's fund RTP Global invested in the CoachHub. The total amount raised since 2019 amounted to $130 million. More details here.

Investing in Agro.Club

On July 7, 2021 Raiffeisen Bank , he announced TAdviser that Elevator Ventures , together with other international investors, he took part in investment round A, during which Russian startup Agro.Club he received 5 million for United States dollars further development in the global business arena. Current Agro.Club investors, including the Speedinvest Fund, also participated in the round. More. here

2020: Investing $1.5 million in Agro.Club with Elevator Ventures

On June 3, 2020 Raiffeisen Bank , he announced that, Elevator Ventures a corporate venture capital company, RBI together with Speedinvest, had invested in a Russian startup Agro.Club digital agricultural ecosystem, which, following Russia its launch North America , plans to expand further in the markets. the European The volume of investments amounted to a total of 1.5 million. United States dollars More. here

2017: Launch of business in Russia together with Dmitry Aksenov from RDI Group

In October 2017, it became known that the Speedinvest Fund chose a partner for expansion in the Russian Federation. Together with the owner of the developer RDI Group Dmitry Aksenov, Speedinvest is ready to invest €25 million in startups at an early stage of development. Due to political tension, a number of venture funds have reduced their activity in Russia, but startups with Russian roots have retained potential, experts say.

The Speedinvest Foundation enters the markets of Russia, the CIS and Eastern Europe and creates a separate division of Speedinvest Digital East (SDE) for this, its representative Elena Krauzova told Kommersant. Through SDE, the fund plans to invest €25 million in media and digital technologies, including services from the healthcare, retail and financial industries. One of SDE's investors was Dmitry Aksenov, chairman of the board of directors of the RDI Group. RDI Group Kommersant confirmed this information without disclosing the size of Mr. Aksenov's contribution to SDE^[1].

SDE will be led by co-founder of the music Internet resource Last.fm (sold to CBS Corporation in 2007 for $280 million) and Speedinvest partner Michael Brydenbrücker. Ms. Krauzova herself and Ilya Dubinsky, director of the Skoltech Center for Entrepreneurship and Innovation, will search for projects, structure transactions and work with startups.

"For Speedinvest, the opening of Digital East is about the same story as for us going to Europe and the USA," explains Dmitry Halperin, investment director of Runa Capital. An active presence in Europe and the USA makes it possible to see more projects, compare them and find more globally competitive companies, he added.

Speedinvest's exit to the Russian Federation occurs against the background of the cessation of operations or a significant decrease in the number of transactions at a number of funds in the region, as well as a shift in their focus to foreign projects. For example, Mangrove, Life.Sreda and Frontier Ventures suspended their activity in the Russian Federation and moved their offices from Moscow to Singapore, the accelerator 500 Startups after announcing the start of work in Russia changed its mind to launch a special fund here.

However, Russian investors are not afraid of competition in Russia with SDE. At this time, the IIDF with 100 transactions per year forms more than 60% of the investment market in startups in the early stages, "but even with this they still lack quality money," Mr. Negodyaev explained.

See also

• Venture capital investments in Russia

Notes