The most active Russian
VC fund and accelerator

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About

The Internet Initiatives Development Fund (IIDF) is a Russian venture capital fund. We invest between 2.5M and 324M rubles in tech companies at early stages, i.e. pre-seed, seed, and series A. Our focus is to provide startups and key players in the venture industry with educational and expert support.

Our mission is to make Russia more attractive for tech entrepreneurs. We want to make the Russian venture market understandable and accessible to anyone who wants to begin or grow Internet business.

Areas we invest in

We help russian tech entrepreneurs build a global, fast-growing business

AI and Big Data

VR/AR

IOT/hardware

Fintech

Retail

Cybersecurity

Education/edutech

Healthcare

Corporate software

Agricultural technology

Other areas of the Internet, services, and mobile solutions

We invest at Pre-Seed, Seed and Series A

Deal size *
Pre-seed: up to $38K (2.5M rubles). In exchange for a 7% share in the company
Total number of deals
380 Pre-seed
Minimum stage of the company
A product prototype and initial sales or confirmation of interest from users or clients.
Participation in the IIDF Accelerator
The company must get through a threemonth IIDF acceleration program to confirm the business model or client segment. The company must get through a threemonth IIDF acceleration program to confirm the business model or client segment.
After graduation from the accelerator, if a company successfully reaches its KPI,it attracts the next rounds of investments from IIDF.
Deal size *
Seed: up to $375K (25M rubles). In exchange for a 7% to 25% share in the company
Total number of deals
64 Seed
Minimum stage of the company
Confirmation of a value proposition within the market segment. Business turnover usually exceeds 500K rubles per month. Positive unit economics.
Participation in the IIDF Accelerator
After graduation from the accelerator, if a company successfully reaches its KPI,it attracts the next rounds of investments from IIDF. The company must get through a threemonth IIDF acceleration program to confirm the business model or client segment.
After graduation from the accelerator, if a company successfully reaches its KPI,it attracts the next rounds of investments from IIDF.
Deal size *
Series A: up to $4.9M (324M) rubles. In exchange for a 15% to 40% share in the company
Total number of deals
22 Series A
Minimum stage of the company
The company moved on to scaling. The turnover of the business is between 12M and 30M rubles per month and higher.
Participation in the IIDF Accelerator
Both companies from the market and IIDF portfolio companies of previous rounds that have passed the acceleration program can be eligible for Series A investments.
* exchange rate as of 28 Nov 2018

More than just an investor

Programs and services to boost a company

Turn an idea into a working product
Аny company stage
COMPANY STAGE

Startup from Scratch is an online intensive program for beginning entrepreneurs who want to turn an idea for a tech startup into a working product but don’t know how to test it without wasting time and money. Within the program, you’ll find out how to quickly identify the true needs of customers and plan for business development. In less than a month, founders will be able to launch the first version of their product or come to the conclusion that it’s not worth the trouble. The program is given under the direction of an expert of the IIDF pre-accelerator and is held online and free of charge.

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Get ready to talk with investors
Аny company stage
COMPANY STAGE

Pre-accelerator is an online program that helps to work out a startup structure and description in order to prepare for talking with investors and applying for one of IIDF’s programs. By filling out the profile, founders can deeper analyze their business model on a range of aspects, such as the product, the market, advancement, the team, the economy, demand, and competitors. During the program, participants may find new team members, and, in the end, conduct a 30-minute Skype consultation with a Preaccelerator expert, which will allow them to better understand the strong and weak aspects of the startup. The program is free of charge and can be completed at any time.

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Attract your first clients and make initial sales
READY MINIMUM VIABLE PRODUCT
COMPANY STAGE

Sales Launch Factory is a program for founders of tech startups who have created a product and want to start selling it. The factory helps founders launch their first sales and confirm with real money that the customers need the product and that, with it, big market could be reached. The program raises a startup’s chances to get selected for the IIDF Accelerator, attract seed investments from IIDF and other investors, and scale the company afterwards. Entry into the program only occurs by recommendation of an IIDF representative.

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Accelerate product launch and business growth + attract investment from IIDF
RETURNS FROM INITIAL SALES OF UP TO 50M RUB PER YEAR
COMPANY STAGE

IIDF Accelerator is a 3-month program for accelerating startups with investments from IIDF between 2.5M and 25M rubles for teams with finished product and monthly revenue up to 5M rubles. More than 430 startups have gone through the program. With the help of experts, founders improve key indicators of their company, upgrade skills and knowledge of managing a business, learn to focus and quickly test hypotheses to reach the goal. Top-performing startups attract follow-up rounds from IIDF (up to 324M rubles) and keep working with IIDF investment managers on company strategy and growth.

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Prepare for fast growth and scaling
RETURNS FROM INITIAL SALES OF UP TO 100M RUB PER YEAR
COMPANY STAGE

Seed Stage Accelerator is a program for tech companies with annual revenue between 15M and 100M rubles. The focus is to create a strategy for capturing the market, identifying scaling points, and preparing internal processes for growth. Participants of the program may find scalable client segments and sales channels and choose a profitable market for their product in Russia or abroad.

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Scale current sales volumes

IIDF Executive: acceleration for tech companies with annual revenue of 100M to 500M rubles. The program was created exclusively for businesses that are more “grown-up” in terms of their founders’ working pace, objectives, and work load. The program’s content and schedule are set individually for each company.

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Break into the US market

Techmafia is an international program for tech startups that are entering the US market. Techmafia helps with product adapting as well as with finding first clients and sales channels on the global market. The program lasts three months. In the beginning, participants prepare to work with American clients with the help of experts in Moscow. Afterward, they go to Silicon Valley to work “in the field”.

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The largest tech entrepreneur community in Russia

Since 2013 we’ve built the most extensive network of investors, accelerators, incubators, universities, corporations, and founders in Russia.

2 000
startups apply for our accelerator program annually
4 500
startups participate in our basic online program per year
250
largest russian corporations coordinate with iidf in terms of working with startups and innovations
200
top experts in marketing&sales, legal issues, team productivity, etc.
1 000
events we’ve organized or participated in as partners since 2013
20 000
people attend our events (meetups, workshop, hackathons, conferences)
50 000
members in our groups on Facebook and Vkontakte
50 000
people get our newsletter

Partnership

If you’re looking for high potential tech startups from Russia and are ready to invest and help them enter a local market, we could be a partner for you.

For more information on becoming our partners, email us at iidf@iidf.ru

Feedback

For your questions or comments, please email us at iidf@iidf.ru