February 2019
iTech Capital together with Skolkovo Ventures acquired a stake Roistat, Russia's major multichannel business analytics service.
Moscow, February 4, 2019 — iTech Fund II Investment Fund managed by iTech Capital together with Skolkovo Digital Information Technology Fund managed by Skolkovo Ventures acquired a stake at Roistat. The total investment amounted to US$ 4 million. The funds raised from the deal will be used to strengthen the positions on Russian market, as well as to expand internationally.
"Over the past few years, we've built a successful business model on the Russian market and continue to grow rapidly. But our goal is to improve marketing efficiency in companies all around the world," says German Gavrilov, the Co-founder of Roistat. "We are currently at a stage when we feel the power and understand how to enter the international market. With our own funds, this would take too long, so we started considering cooperation with various funds. Among all other funds, iTech Capital seemed the most professional and competent for further development of the company. iTech team shares our vision and pursuit of international expansion," Gavrilov says. "We plan to invest some of the money into the development of new product features that will take our customers' businesses to a whole new level. These products include predictive analytics, automation of decision-making in business, speech recognition in calls, data analysis based on macro indicators and many more."

"Roistat is well positioned for further development on the Russian and international markets," says Gleb Davidyuk, Managing Partner of iTech Capital. "The team built a unique and technically strong end-to-end analytics system that is in high demand, as evidenced by the current Roistat numbers. We believe that the company will grow significantly, so we decided to invest in this business."