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. Most of its investments are in SaaS, Business Intelligence, Big Data Analysis, Machine Learning, AI-based technologies for various industries, and Robotics for business (logistics, production, etc.)[1]

History

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.[2] 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.[3]

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

LETA Capital has had three exits: In 2017 LiveTex acquired LETA Capital's first startup, RedHelper.[4] 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.[5] In late 2017 Bright Box HK Limited (Bright Box) was acquired by Zurich Insurance Group[6]), it was, probably, one of the biggest exits of Russian VC firm for the last 3 years.

Investments
Company Profile Data of investments Round Round Size
Displair 3D multi-touch display 2012, 2013 seed, A $5.5M
Wakie[7] voice communication app 2012 seed $2M
RedHelper[8] live chat solution 2012 seed $600K
Hamstersoft software developer 2013 seed $500K
rollApp[9] online application virtualization platform 2013 A $1M
RoboCV[10] developer of intelligent autopilot systems 2013 seed $500K
365Scores[11] 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[12] developer of big data solutions 2015 A $3.2M
viisights[13] provider of video analytics intelligence platform leveraging unique deep video-understanding technology 2016 seed $1.2M
Unomy[14] sales & marketing Intelligence platform 2016 $2.4M
Brain4Net[15] vendor of innovative SDN/NFV solutions 2017 $1M
Qmarkets[16] 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[17] developer of interactive AR content 2018 A $3M
Unigine Corp developer of cross-platform middleware 2018 seed -
Bllush[18] 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[19] Next-generation English Leaning For Kids 2020 seed $1.5M

References
  1. "Crunchbase LETA Capital Overview" 2012-01-01.
  2. 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.
  3. Даниил Пленин (2017-12-12) “РЕЙТИНГ ВЕНЧУРНЫХ ФОНДОВ 2017” [The top venture funds] (in Russian) Firrma
  4. Роман Рожков (2017-07-27) “«LiveTex» нашел помощника” [LiveTex has found the helper] (in Russian) Kommersant
  5. Ryan Lawler (2017-08-11) “WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts” Techcrunch
  6. Ralph Atkins (2017-12-22) “Zurich Insurance acquires Hong Kong’s Bright Box” Financial Times
  7. "East-West Digital News".
  8. "East-West Digital News".
  9. "404 Page". www.globenewswire.com. Retrieved 2020-02-06.
  10. "RoboCV Raises $500K from LETA Capital for Autonomous Robots". Robotics Business Review. 2013-05-30. Retrieved 2020-02-06.
  11. "365Scores, An App To Keep Sports Fans In The Loop, Bags $5.5M In Fresh Funding". TechCrunch. Retrieved 2020-02-06.
  12. "Leta Capital и Simile Venture Partners инвестировали $3,2 млн в Double Data". Ведомости (in Russian). Retrieved 2020-02-06.
  13. "Israeli video data co viisights raises $1.2m - Globes". en.globes.co.il (in Hebrew). 2016-01-19. Retrieved 2020-02-06.
  14. "East-West Digital News".
  15. "East-West Digital News".
  16. "Newswire".
  17. "Реальность дополнили инвестициями". Коммерсантъ. Retrieved 2020-02-06.
  18. Orbach, Meir (2018-07-16). "E-commerce Startup Bllush Raises $1.2 Million". CTECH - www.calcalistech.com. Retrieved 2020-02-06.
  19. 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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