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The Venture Codex

ABRT Fund

San Francisco, CA, United States

Overview

ABRT Venture Fund (www.abrtfund.com) was established by Ratmir Timashev & Andrei Baronov, the founders of Aelita Software, which is known for being sold to a Californian company Quest Software for $115 mil in March 2004. ABRT Venture Fund is focused on multiple stage consumer internet and enterprise software investments. Portfolio includes Veeam Software, Acronis, Firemon, StarWind, Five9, KupiVIP, OkToGo, and others.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Zesty

    Participated · Series A · May 2015

    Zesty is a U.K.-based healthcare appointment booking platform that integrates with providers' practice management software via APIs and offers B2B tools for smaller practices. The startup beta launched in London in May 2013, initially focusing on private and NHS dental services before expanding into other healthcare verticals including private GPs, physiotherapy, osteopathy, chiropractic, podiatry, sports massage, facial cosmetics and sexual health. Its platform can integrate with existing practice systems and also get practices using Google Calendar, Outlook or paper set up for online booking. Zesty is live in 15+ U.K. towns and cities, has 3,500+ healthcare professionals signed up (up from 2,000+ in April 2014) and about 40,000 users book appointments via the service each month. The company aims to cover all main U.K. towns and cities by the end of the year and plans to launch in major European cities within the next 18 months, targeting markets such as France, Germany, Italy, Spain, Holland, Sweden, Norway, Austria and Switzerland. Zesty is an online healthcare booking service that allows users to search dentists, physicians and therapists by location, read ratings and reviews, choose available appointments and book online. The service launched as a beta in May 2013 and is led by co-founder Lloyd Price. The company previously raised a seed round in January 2013 and has now secured additional capital. Zesty intends to use the new funding to diversify away from dentistry into other healthcare verticals. Planned expansions include physiotherapy, osteopathy, private general practice, facial rejuvenation and dermatology, driven by high public demand. The company has also added Pam Garside as a board advisor, Carl Oliver as UK sales director and Warren Guy as head of product.

  • StarWind Software

    Participated · Series B · Apr 2014

    StarWind Software provides software-defined storage and storage virtualization solutions, including a flagship iSCSI SAN that enables any server to deliver fault-tolerant, highly available storage. Its software fully supports VMware, Hyper-V, XenServer and Linux environments. The company serves a broad customer base—from small and midsize companies to governments and Fortune 1000 firms—and claims over 30,000 customers in more than 100 countries. StarWind is based in Wakefield, MA and was founded by Artem Berman and Anton Kolomyeytsev. With an upcoming release, StarWind SAN is expected to become the first Windows‑platform solution that creates clusters of multiple hypervisor hosts without separate physical shared storage. The company recently completed a $3.25M Series B round led by Almaz Capital.

  • Oktogo

    Participated · Equity · Mar 2012

    Oktogo is a Russian online travel company that operates hotel booking service Oktogo.ru and the travel portal Travel.ru. Oktogo.ru lists more than 8,000 hotels in Russia and 350,000 hotels worldwide. Travel.ru was purchased in 2013 to provide editorial and user-generated travel content to Russian travelers. Led by CEO Marina Kolesnik, the company intends to use the new funding to increase sales and marketing efforts in Russia and CIS countries. The company raised more than $5m in the reported funding round and had previously raised $30m in venture capital from Mangrove Capital Partners, Ventech, VTB Capital and others. Backers in the recent raise included MCI Management and Mangrove Capital Partners. Oktogo operates a hotel-booking website and recently acquired travel information site Travel.ru. The company is rebranding itself under the Travel.ru name following that acquisition. It received a $5 million investment to fund marketing expansion and a revision of its business strategy. The financing is intended to support the rebrand and strategic overhaul. Oktogo is targeting Russia's growing online travel market, noting about 66 million Internet users in the country. The company is based in St. Petersburg, Russia. Oktogo.ru is an online hotel reservations agency designed for Russian travelers, led by founder and CEO Marina Kolesnik. The service lists over 5,000 hotels in Russia and more than 250,000 hotels worldwide. The company is based in St. Petersburg, Russia. In March 2013 it raised $11M in venture capital to support brand building and development in Russia. Backers included Mangrove Capital Partners, Ventech and Victor Sazhin Group, and Victor Sazhin joined the board. The company previously raised $10M in 2012 and $5M in 2011. Oktogo.ru is an online hotel booking and travel company based in St. Petersburg, Russia, led by Founder and CEO Marina Kolesnik. The company operates a database of over 2,500 hotels across Russia and the CIS. It raised $10M in the reported financing to expand its presence in the Russian online travel market. Oktogo.ru intends to provide most of Russia’s roughly 10,000 hotels with an online presence. The company previously raised $5M in April 2011, bringing total equity capital to date to $15M. Philip Wolf, founder and chairman of PhoCusWright, was added to the board as an independent director. Oktogo.ru operates an online hotel-aggregation service offering contracted hotel inventory and travel-related services. The company says it currently reaches 2,000 contracted hotels and claims the largest contracted hotels database in Russia and the former Soviet republics. It also markets what it calls the largest and most relevant hotel offering for Russians traveling abroad, including offline payment methods and visa support services. The new funding is intended to help Oktogo.ru sign up more Russian hotels as customers (7,000 mentioned in reporting), accelerate growth and build the company’s brand awareness. Management emphasizes experience in international online travel and IT with sector knowledge of Russia and the CIS. A partner at Mangrove Capital framed the investment as backing the current and potential growth of the Russian travel market.

  • KupiVIP

    Participated · Equity · Mar 2009

    KupiVIP began as a flash-sales site selling limited quantities of discounted fashion items and has since expanded into multiple e-commerce properties. Its portfolio includes KupiLuxe for luxury goods, ShopTime for full-price fashion, and a white-label e-commerce service that has worked with brands like Adidas and Mexx. The company owns and manages its logistics network — warehouses and a delivery fleet — and operates largely on a cash-on-delivery model where drivers collect payment upon delivery and acceptance. Management plans to launch additional websites and scale the white-label business (targeting 23 white-label sites by year-end) while expanding logistics capacity, including a new 20,000 square-meter warehouse. KupiVIP is focused on Russia and adjacent markets such as Turkey and is on track for roughly $300 million in revenue this year and about $200 million in net sales, projecting $1 billion in annual revenue within five years. KupiVIP operates a private-members online shopping club focused on designer fashion and luxury brands. The company secured $55 million in third-round funding, a sum the article describes as a record for the Russian e-commerce sector. KupiVIP plans to expand beyond discount fashion into broader consumer goods while continuing its discount-offer model. Management intends to blend elements of Amazon’s marketplace with Vente‑Privée’s flash-sale approach. The firm will build a white‑label platform to help Western retail brands launch stores in Russia and the former Soviet states. The expansion aims to address the difficulty Western firms have had breaking into the Russian e-commerce market, where 11 of the top 15 internet sites are Russian. KupiVIP.ru is a Russian online private-sales company that operates an e-commerce platform for private sales. The TechCrunch article reports that KupiVIP.ru has raised a $20 million financing round. The article does not provide details on the company's product features, markets served, or customer base. It does not disclose revenue, user counts, or other operating metrics. No future plans or intended use of proceeds are described in the article. Additional corporate details such as founding year and prior funding are also not mentioned. KupiVIP (KupiVIP.ru), operated by Privat Trade Ltd, is a Russian online buyers' club that organises designer brand sales in fashion and accessories. The site offers discounts of up to 70% off boutique prices and had reached 200,000 registered users since launching last October. The model is positioned alongside European private‑sale sites and targets rapid customer uptake through steeply discounted luxury inventory. KupiVIP has raised $8 million in a second round of funding from Mangrove Capital Partners, Arlan, and ABRT Fund. The company previously raised $3 million from the same investors. The fundraising reflects investor interest in buyers clubs as recession‑friendly retail models.

Team

No current team members are available.