September 2020

Russia VC Awards 2020

ECWID - deal of the year in the VС industry

23.09.2020 Moscow
Russia VC Awards - XII Russian Congress Private Equity and VIII Venture Investors Forum

iTech Capital is excited and honored to receive the awards for the best deal of the year at Russia VC Awards. The fund closed the deal of selling ECWID to Morgan Stanley Expansion Capital and PeakSpan Capital in May 2020. It was the 5th successful exit of the fund. Over the last decade, Ecwid has steadily built an expanding set of tools and signed up more than 1.5 million small businesses in more than 175 countries and supporting 54 languages.

"After five years of joint effort growing a truly international player, I am happy to transfer Ecwid to the reliable hands of PeakSpan Capital and Morgan Stanley Expansion Capital. They will help Ruslan and his team move forward in today's challenging times," said Gleb Davidyuk, co-founder and Managing Partner of iTech Capital. "I am proud of iTech's ability to find and support talented founders in their ambitious desire to scale globally. Ecwid is a great example in this respect."