The most active Russian
VC fund and accelerator
The Internet Initiatives Development Fund (IIDF) is a Russian venture capital fund. We invest between $100k and $3M in tech companies at early stages, i.e. pre-seed, seed, and series A. We have invested in more than 400 companies. We also run our own acceleration program with more than 800 startups as its alumni.
Our mission is to help Russian-speaking entrepreneurs create tech companies and turn them into Global companies that contribute to positive changes and add value to the lives of people around the world.
Our goal in working with entrepreneurs is to ensure the team's transition to the state necessary for global business scaling and to help it allocate all the necessary resources to fully unleash its potential.
Areas we invest in
We help russian tech entrepreneurs build a global, fast-growing business
AI and Big Data
Corporate software (SaaS)
Other areas of the Internet, services, and mobile solutions
How do we invest?
There is a product and there are first customers, but there are no regular sales: we invest up to $100k and provide free acceleration program.
There are systematic sales: we invest up to $1M and help expanding into international markets.
There is a proven business model and revenue from $1,5M: we invest between $1M and $3M to build a global company.
At stages when a company needs investments for scaling, we prefer to invest together with other investors. We are ready to invest in the company at the growth stage, if there are prerequisites for that.
Team validation + Product validation + Customer usage
- A team of 3-5 people;
- There are customers who use the product;
- The team is able to present the product in target markets.
- Checking MVP;
- Checking the command;
- Checking the base metrics and whether it is possible to reduce the units of the economy;
- Formation of an early client base (10-1000 users).
(Market Validation + Revenue Testing)
- Product improvement - improving the criteria of product use: reducing customer blade, increasing the frequency of product use, etc.;
- Customer growth and unit check on growth;
- Testing revenue and finding profitable scalable client segments.
(Revenue Validation + Growth)
- There are predictable marketing channels and a budget for their scaling;
- Scalable infrastructure and ability of founders to hire new people;
- Proven metrics and convergence of the economy.
- Confirm the possibility of scaling the company;
- Build all the necessary business processes;
- Make profit.
More than just an investor
Programs and services to boost a company
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 from 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 Pre-accelerator expert, which will allow them to assess the startup's strong suits and soft spots. The program is free of charge and can be completed at any time.
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.
The program is focused on launching sales abroad without team redeployment. Based on IIDF expert estimates, it takes about a year and costs more than 12 million rubles to launch international sales. GoGlobal helps to launch foreign sales three times faster and several times cheaper. Acceleration lasts from 3 months.
GoGlobal helps companies to quickly pump international expertise, select a target market and launch regular sales. An individual tracker is selected for each participant, who helps to adapt the product along with experts, choose a strategy to enter a foreign market, find clients and make the first deals.
The cost of the program starts from 400k RUB per month.
Requirements to participants: there must be a team ready to work on a foreign market, including an employee with knowledge of English. In addition, a separate budget for marketing abroad should be allocated.
We help large businesses find new points of growth by strengthening human resources, development and innovation. We help build a system of internal innovation development, set up mutually beneficial cooperation with startups, conduct effective training and development programs for leaders and talented employees, using product approach and tools from the practice of entrepreneurs. We have worked with such companies as Sberbank, Russian Railways, VTB Bank, Rostelecom, Coca-Cola HBC Russia, KAMAZ, Х5 Retail Group, Beeline and other market leaders.
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.
Our portfolio companies
AI-Driven Platform for Product Data Management
Portable Movie Theater
Service robots for business
Smart solutions for the pharmaceutical industry
Indoor positional tracking system for VR suitable for LBE, enterprise training, and Industry 4.0 projects
Omnichannel helpdesk platform
Digital bank with artificial intelligence in the messenger
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 [email protected]