venture
company

for explosive
growth

founded in
2010
team
8
investments
24
exits
7
head office
Riga, LV
activity
global

experience, technology and


investments

We are experienced tech entrepreneurs that founded a new technology investment company in 2010. Our passion is to help fast growing internet and mobile startups to scale and expand globally.

Explore our site and contact us, so that we can help you reach new heights!

key to
success

only financing


is simply not enough

Many venture funds can provide investments to companies today. However, money is only one instrument out of many necessary to successfully scale a startup. Very often cash cannot solve immediate growth problems. You need working technical solutions, proven business models, clear product vision and many professionals to accelerate your growth.

When we invest in companies they immediately benefit from all our knowledge, technological assets and professional people.

smart assets combination
  • experience
    experience
  • technology
    technology
  • investments
    investments
experience

experience

our knowledge


is priceless

For the last 20 years we have been building several largest consumer internet and mobile companies in Europe.

In each case we personally worked right from the beginning through every development stage pushing these companies forward. We have learned what it really takes to scale a business organizationally and technologically. Today our experience is very relevant, tangible and practical. It saves our startups time and protects them from many critical mistakes.

  • Vitaly Rubstein
    Partner,
    Strategy and Vision
    ex-Founder and CEO
    of Forticom Group
  • Dmitry Burbo
    Partner,
    Product Development
    ex-Head of Product Testing
    of Odnoklassniki.ru
  • Aija Perta
    Partner,
    Operations and Finance
    ex-Founder and CFO
    of Forticom Group
  • Igor Shlahov
    Partner,
    Platform Architecture
  • Alexey Chirkov
    Partner,
    Web and Mobile Architecture
  • Olga Samchuka
    Partner,
    Office Operations
  • Alexander Chinaryov
    Partner,
    Platform Architecture
  • Aiga Iscenko
    Partner,
    UX/UI Design
technology

technology

many tools for


high performance and growth

As entrepreneurs, we've experienced firsthand the vital role of investment in driving growth. Yet, we've also learned that funding alone isn't enough to overcome the technological challenges that come with scaling. Addressing these issues ourselves was a race against time, with the pressure of an exponentially growing user base always present.

In our role as investors, we draw on this experience to provide strategic technological guidance. We work closely with startups to refine their product development strategies, implement effective product-led growth techniques, and set the right metrics. Our support is aimed at ensuring that startups can swiftly navigate technical challenges, allowing them to maintain their growth trajectory with confidence.

technology: team, scaling technology, outsourcing partners
core
technical
team
proprietary
scaling
technology
network of
outsourcing
partners
investments

investments

money for startups


that want to grow even faster

In our company we hate bureaucracy. We do not have investment committees. We do not require long business plans. We make decisions and invest very fast. However, we stay very focused and true to our investment policy.

Only startups with proven user growth get funded. Location of your venture does not matter. We invest internationally. The usage numbers do not have to be in the millions right away. They could be as low as a few hundred. All we need to see is that users clearly like your product, return on regular basis and invite their friends.

experiments
growth
stabilization
maturity

our focus areas

As a principle we invest only into businesses that we can understand, thus we can add value. We do not pretend to be specialists in everything. Most of our experience comes from building consumer oriented internet and mobile companies. We also favor only certain areas like communication, content sharing, social media and crowd sourcing. Creative new ideas in these areas are set to produce the explosive user growth.

only
B2C

select portfolio

Here is a select list of our publicly announced investments which we passionately support in their journeys to expand globally. We have more startups that are currently working in stealth mode. We will be talking about them very soon. Stay tuned!

Sweatcoin is a social app that automatically converts your fitness outdoor activity into currency. Based in London, UK.
sweatco.in
Jodel is a fast growing European location based social network for students and young adults. Based in Berlin, Germany.
jodel.com
Tandem is a social network connecting people who want to learn foreign languages by chatting with each other. Based in Berlin, Germany.
tandem.net
Peerby makes it possible to borrow anything you need from your neighbour. Based in Amsterdam, Netherlands.
peerby.com
Tise is a social, mobile marketplace for second-hand fashion and interiors.
tise.com
Studysoup is a social marketplace for study materials created by top students at any university. Based in San Francisco, California.
studysoup.com
Neural DSP - Everything you need to design the ultimate guitar and bass tones
neuraldsp.com
YouStake lets people invest into their favorite sport pros via its social marketplace platform. Based in San Francisco, California.
youstake.com
ReadyPlayerMe - Integrate a character creator into your game or app in days.
readyplayer.me
NFID - Your digital identity for the modern world.
nfid.one
Yaga is an online marketplace for new & preloved fashion
yaga.ee
Code & State is a venture studio building on the Internet Computer Protocol (ICP)
codeandstate.com

exits
Bolt is a taxi ride at the tap of a button in many EU countries, Africa and Latin America. Based in Tallinn, Estonia.
bolt.eu
Sold in 2018 to a strategic investor from Russia.
fr.im
Sold in 2018 to a strategic investor from South Korea.
curiouscat.me
Sold in 2016 to Google.
parakweet
Sold in 2014 to IAC, a publicly traded global consumer media company with such social giants like Match.com and Tinder.
ask.fm
Sold in 2013 to Axel Springer, one of the largest digital publishing houses in Europe with multimedia brands like BILD, WELT, and FAKT.
nk.pl
Sold to Mail.ru Group, the largest publicly traded consumer internet company in Russia that also fully owns Vkontakte.
ok.ru

get
in touch

startups, professionals


and partners

Are you the founder of a promising and growing startup that needs help? Are you an experienced software developer, system administrator, designer or product manager who wants to work with startups? Are you the manager of an IT outsourcing company that wants to offer its services to us? Or maybe, you are an investor that needs a technical partner?

To get a lightning speed reply from us:

  • check if your venture is inside our investment focus,
  • include a link to your product or service,
  • and provide most recent usage numbers!