Toloka

History

2025: Raising $72 Million Investment

On May 7, 2025, the Nebius Group announced that its IT company Toloka had raised an investment of $72 million. The money, in particular, was provided by the firm Bezos ExpeditionsJeff Bezos, founder of the Internet corporation Amazon.

Nebius Group (the former parent company of Yandex) was created by Arcadia Volozh, who is the CEO of this group. The funds raised will help Toloka accelerate growth and capitalize on the huge AI capabilities, he said. Toloka provides crowdsourcing and generative artificial intelligence services. The company helps in the development of AI at all stages - from training to evaluation. Toloka is based in Amsterdam and its Russian assets were sold to Russian investors in 2024.

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Фото: Bloomberg

In addition to Bezos Expeditions, Mikhail Parakhin, technical director of Shopify, takes part in the investment round of Toloka. He will take over as executive chairman of Toloka's revamped board. The management team of the company will continue to be headed by the CEO of Toloka Olga Megorskaya, who will also join the board of directors.

This investment marks a turning point for Toloka - we are entering a new phase of growth. Thanks to financial support from strategic investors, we will be able to scale technological innovations at the intersection of human experience and AI capabilities, says Megorskaya.

As a result of the deal, Nebius will scrap its controlling stake in Toloka, which is said to allow the company to become more independent and flexible in management, and help focus on developing key areas of the AI business. At the same time, Nebius will retain a "significant share" in the Toloka structure, and Volozh will become a non-executive director of the company.^[1]

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