LETA Capital
LETA Capital is a technology-focused venture capital firm with investments covering a wide range of B2B software startups focused on international markets.[citation needed]
History[edit]
The firm was founded in 2012 by Alexander Chachava, a serial Russian IT entrepreneur and co-founder of LETA Group, which grew from its original three founders to 500 employees and $100 million in annual revenue.[1] So far LETA Capital has made more than 30 investments, including inDriver, Bright Box, DevAR, Unomy, RedHelper, Unigine Corp, Novakid. The firm focuses on companies based in Russia, Eastern Europe, and Israel. It prefers to invest between $0.4 million and $5 million in early stage and series A companies. The company has been ranked among the ten most active venture capital funds according to Firrma and RVC, which are focused on Eastern Europe.[2]
LETA Capital was named “The best Russian VC fund of the year” by Russian Association of Venture Investments in 2018. Since 2018 successfully raised $50 mln LETA Capital ll fund and made 9 new investments for 2018-2019 years.
Exits[edit]
LETA Capital has had three exits: In 2017 LiveTex acquired LETA Capital's first startup, RedHelper.[3] Also in 2017, Unomy, the premier resource for B2B sales and marketing lead generation, was acquired by WeWork to help its team sell enterprise clients on the idea of opening offices in its workspaces around the world.[4] In late 2017 Bright Box HK Limited (Bright Box) was acquired by Zurich Insurance Group[5]), it was, probably, one of the biggest exits of Russian VC firm for the last 3 years.
Investments[edit]
| Company | Profile | Data of investments | Round | Round Size |
| Displair | 3D multi-touch display | 2012, 2013 | seed, A | $5.5M |
| Wakie[6] | voice communication app | 2012 | seed | $2M |
| RedHelper[7] | live chat solution | 2012 | seed | $600K |
| Hamstersoft | software developer | 2013 | seed | $500K |
| rollApp[8] | online application virtualization platform | 2013 | A | $1M |
| RoboCV[9] | developer of intelligent autopilot systems | 2013 | seed | $500K |
| 365Scores[10] | cross-platform application that enables users to create their own personalized sports channel | 2014 | B | $5.5M |
| Bright Box | connected car platform vendor | 2014 | A | $1.5M |
| RoboCV | developer of intelligent autopilot systems | 2015 | A | $3M |
| Double Data[11] | developer of big data solutions | 2015 | A | $3.2M |
| viisights[12] | provider of video analytics intelligence platform leveraging unique deep video-understanding technology | 2016 | seed | $1.2M |
| Unomy[13] | sales & marketing Intelligence platform | 2016 | $2.4M | |
| Brain4Net[14] | vendor of innovative SDN/NFV solutions | 2017 | $1M | |
| Qmarkets[15] | provider of innovation management and idea management solutions | 2017 | B | $5.2M |
| inDriver | Cyprus head-quartered international ride-sharing IT company | 2017 | A | $5M |
| IntelliBoard | provider of analytic and reportic services for LMS platforms | 2018 | seed | $1M |
| Devar Entertainment[16] | developer of interactive AR content | 2018 | A | $3M |
| Unigine Corp | developer of cross-platform middleware | 2018 | seed | - |
| Bllush[17] | provides fashion retailers with influencer-content to inspire users | 2018 | seed | $1.5M |
| inDriver | Cyprus head-quartered international ride-sharing IT company | 2018 | B | $10M |
| Weezmo | Physical Market Intelligence Platform | 2018 | seed | $1.5M |
| Cerevrum | VR/AR technologies for developing soft skills | 2019 | seed | $1M |
| Unigine Corp | developer of cross-platform middleware | 2019 | $500K | |
| NovaKid[18] | Next-generation English Leaning For Kids | 2020 | seed | $1.5M |
References[edit]
- ↑ Максим Спиридонов (2016-11-09) “Александр Чачава (LETA Capital): «Венчурный рынок в России скорее жив, чем мёртв” [Alexander Chachava (LETA Capital): Russian venture market is alive ] (in Russian) Secret firmi.
- ↑ Даниил Пленин (2017-12-12) “РЕЙТИНГ ВЕНЧУРНЫХ ФОНДОВ 2017” [The top venture funds] (in Russian) Firrma
- ↑ Роман Рожков (2017-07-27) “«LiveTex» нашел помощника” [LiveTex has found the helper] (in Russian) Kommersant
- ↑ Ryan Lawler (2017-08-11) “WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts” Techcrunch
- ↑ Ralph Atkins (2017-12-22) “Zurich Insurance acquires Hong Kong’s Bright Box” Financial Times
- ↑ "East-West Digital News". Unknown parameter
|url-status=ignored (help) - ↑ "East-West Digital News". Unknown parameter
|url-status=ignored (help) - ↑ "404 Page". www.globenewswire.com. Retrieved 2020-02-06.
- ↑ "RoboCV Raises $500K from LETA Capital for Autonomous Robots". Robotics Business Review. 2013-05-30. Retrieved 2020-02-06.
- ↑ "365Scores, An App To Keep Sports Fans In The Loop, Bags $5.5M In Fresh Funding". TechCrunch. Retrieved 2020-02-06.
- ↑ "Leta Capital и Simile Venture Partners инвестировали $3,2 млн в Double Data". Ведомости (in русский). Retrieved 2020-02-06.
- ↑ "Israeli video data co viisights raises $1.2m - Globes". en.globes.co.il (in עברית). 2016-01-19. Retrieved 2020-02-06.
- ↑ "East-West Digital News". Unknown parameter
|url-status=ignored (help) - ↑ "East-West Digital News". Unknown parameter
|url-status=ignored (help) - ↑ "Newswire". Unknown parameter
|url-status=ignored (help) - ↑ "Реальность дополнили инвестициями". Коммерсантъ. Retrieved 2020-02-06.
- ↑ Orbach, Meir (2018-07-16). "E-commerce Startup Bllush Raises $1.2 Million". CTECH - www.calcalistech.com. Retrieved 2020-02-06.
- ↑ Tucker, Charlotte. "Krakow-based Novakid raises €1.3 million to promote cultural diversity while learning English | EU-Startups". Retrieved 2020-02-06.
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