TilTech-2

• Tiltech Capital

History

2021: Creation of a fund for 10 billion rubles for investing in technology startups

In May 2021, the founder of Vkusville Andrei Krivenko announced the launch of the TilTech-2 fund for investing in technology startups. It is planned to attract 10 billion rubles for the new project, and Krivenko and his partners will not have money there.

In an interview with Forbes Capital, the entrepreneur said that the fund does not plan to take a management commission - only a success commission. Usually, funds take from one to two percent per year of the value of assets for management and from 10% to 20% of the increase in the value of assets as a "success fee."

Our goal is for many Durovs to appear in Russia. If you use terminology, we are waiting for "big x... We call it the "entrepreneurs fund for entrepreneurs," and in order for us to be interested, we must receive 50% [of the earned], but of this money we will pay the costs of management, "said Krivenko.

Vkusville co-founder Andrei Krivenko launched a new fund worth 10 billion rubles to invest in technology startups

According to him, if TilTech-2 fails, then the entire share of managers will go to cover the costs. The fund is designed for 10 years, by May 2021, the founders are looking for partners for the fund. The conditions for receiving money for projects are not disclosed, added Krivenko.

The creators of the TilTech Foundation - Krivenko himself, as well as the chairman of the board of directors of Agama Group of Companies Yuri Alasheev and the head of Khimrara Andrei Ivashchenko will manage the new fund.

According to Forbes on May 11, 2021, since the founding of TilTech, it has conducted 43 transactions, of which four series A transactions in the amount of 1.5 billion rubles, seven transactions at the seed stage in the amount of 300 million rubles and 32 transactions at the pre-seed stage in the amount of 264 million rubles.

The fund contains the funds of the three founders, third-party money was not raised. The volume of the fund now amounts to 4 billion rubles, the money was invested in companies operating in the consumer sector.^[1]

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