СFI: CIOJLS
ISIN code: KYG4986A1004
Check out our fund's listing on BLOOMBERG
Later Stage Growth
Capital Fund
FUND TYPE
Series A and Beyond
STAGE
Fully Invested
FUND STATUS
2011
VINTAGE
Launched in 2011, this is the original iTech Fund. It is now fully invested and in its exit stage. The strategy has been to invest in Series B expansion and beyond, aiming to grow global businesses by helping our companies expand into international markets.
Global
FUND REGION
The Fund Is Invested In Five Key Verticals
Online Travel & Ticketing
FinTech
E-Commerce
Big Data
MarketingTech
Online Travel & Ticketing
Aviasales is a №3 metasearch globally and the largest metasearch business in emerging markets.
TicketlandMTS is a leading company in the Russian event ticketing market.
Aviasales is a №3 metasearch globally and the largest metasearch business in emerging markets.
TicketlandMTS is a leading company in the Russian event ticketing market.
FinTech
The Bitfury Group is a full-service Blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem.
TradingView is a cutting-edge web-based financial platform for traders and investors to improve investing skills and maximize profits with more than 11 million traders worldwide.
The Bitfury Group is a full-service Blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem.
TradingView is a cutting-edge web-based financial platform for traders and investors to improve investing skills and maximize profits with more than 11 million traders worldwide.
E-Commerce
Ecwid provides online selling solutions for small businesses in over 175 countries and in 54 languages.
Ecwid provides online selling solutions for small businesses in over 175 countries and in 54 languages.
Big Data
Edna provides digital services to financial organizations, including banks, insurance companies, and asset management companies.
Edna provides digital services to financial organizations, including banks, insurance companies, and asset management companies.
MarketingTech
Fund I Numbers
Find out more about iTech Fund performance and the investment opportunities we offer:
Active
Investments
8
Successful Exits Achieved to Date
5
Capital Committed
US$ 100mn
Recent Exits
Ecwid, a global software-as-a-service (SaaS) e-commerce company. The Fund invested US$ 4,4mn in 2014. Over the 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. The exit was completed in May 2020, with a funding round of US$42 mn led by Morgan Stanley Expansion Capital and PeakSpan Capital.
TicketlandMTS is a leading company in the Russian event ticketing market. The Fund invested US$ 10mn in 2013. During the time of investment, the company achieved a 10x increase in e-ticket sales and developed the most recognizable brand across the market. The exit was completed in 2018, with Ticketland Holding acquired by MTS, the largest mobile operator in Russia and CIS, for RUB 3.23bn.
TradingView is the world's largest social network for traders and investors. The Fund invested US$ 3mn in 2015. In 2018 iTech made a partial exit, by selling a stake to the Insight Venture Partners, a VC/PE fund with US$ 18bn AUM, together with Jump Capital and DRW Ventures, in a round worth US$ 37mn.
Bitfury is a full-service blockchain technology company headquartered in Amsterdam. The Fund invested US$ 10mn in 2015, and partially exited in 2017 with a sale to Credit China FinTech. In 2018 the firm again invested in the company through the iTech Fund II.
5 exits achieved during last 5 years:
In 2021 TradingView Inc. raised $298 million at a $3 billion valuation. iTech Capital made a partial exit by selling a part of its stake to Tiger Global Management.