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2023: Investment from IIDF
At the end of October 2023, the Internet Initiatives Development Fund (IIDF) announced an investment of a total of 35 million in seven startups as part of its 19th accelerator set. Among them was the service for finding assistants for looking after children and animals "We."
Under the terms of the financial transaction, IIDF received 7% in the project in exchange for investments in the amount of 5 million rubles. Taking into account these figures, it turns out that the startup could be valued at least 71 million rubles.
As noted in the fund, when choosing companies for investment, the IIDF was guided by the following criteria: IT (software, hardware, web, mobile), there is a finished product and there are customers, a proven business model with repeated revenues of 5 million rubles a year, the company is registered in Russia, at least 25% of the business belongs to citizens of the Russian Federation.
Of the 500 applications received, we selected seven for investment. Such a gap is connected, first of all, with the fact that most foundations still, in the conditions of a compressed market and the lack of money on it, try to build venture types of business focused on long-term residence at the expense of the investor. But in the current scenario of the Russian venture market, there are no more multi-round models. The selection was also difficult due to the fact that in search of projects with a dividend approach we came across a layer of entrepreneurs who were not immersed in the topic of the venture capital industry. In fact, today investors need to re-train the layer of founders. This is a new reality in which we all have to work, - said Maxim Steigerwald, Investment Director of the IIDF. |
As reported on the website "We," by the end of October 2023, the service has 1,496 permanent assistants, and the number of orders completed exceeds 65 thousand.
Assistants are service employees who directly provide services. All of them are selected and trained, and the quality of the services provided by them is constantly monitored, approved on the website "We."
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