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Baring Vostok

9 Lesnaya St., White Gardens Business Center, Building B, 6th Floor, Moscow, Moscow City, 125196, Russian Federation

Overview

Baring Vostok Capital Partners Limited is a venture capital and private equity firm based in Russia. It invests on early venture, acquisitions, buy-outs, growth capital, later-stage, mid-market, and medium-sized enterprises that operate in sectors such as natural resource extraction, particularly oil and gas; competitive industrial companies that operate in local or export markets; mass media and telecommunications; utilities; construction materials; specialty manufacturing; real estate development; residential real estate development; internet; software; retail; and service management. Baring Vostok Capital Partners was founded in 1994 and is based in Moscow, Russia with additional offices in Limassol, Cyprus and Gernsi, Channel Islands.

Total investments
17
Lead investments
7
Investments · 12mo
0
Active investors
8

Sector focus

  • Venture Capital
  • Wireless
Visit website

Investment portfolio

  • Skillbox

    Participated · Equity · Apr 2023

    The company is a Brazilian online school established by former employees of Skillbox and Yandex. It offers online education programs, and the article and comments describe its business as aimed at people entering IT. The announcement in the article centers on a financing event rather than product details or roadmap. The company disclosed an $11 million investment from Baring Vostok, Sergey Solonin and other investors. The article does not provide revenue, user metrics, founding year, or details on future plans. The company is a Brazilian online school founded by alumni of Skillbox and Yandex.Market. It operates as an online education provider serving the Brazilian market. The article highlights the founders' backgrounds at Skillbox and Yandex.Market. Qiwi co‑founder Sergey Solonin invested $1.5M in the school. No further operational metrics, product details, or additional investors are described in the article.

  • Kodland

    Participated · Series A · Jan 2022

    Kodland offers teacher-guided, project- and group-based online courses teaching children aged 6–17 digital skills including coding, website building, games creation, animation and video editing. The company launched in 2018 with in-person classes and shifted focus to online learning in early 2020. Its courses are localized for target regions and are available across the U.K., Ireland, the U.S., Canada, the CIS region, Malaysia, Indonesia and Argentina, with users in around 40 countries. Kodland reports about 16,000 children signed up for paid courses and around 1,000 teachers on its platform, with a typical ratio of one teacher per 15 pupils; it also offers one-to-one teaching. The startup says it grew revenue 6.5x in Q3 2021 versus the same period a year earlier. Planned expansion includes more markets, product development, and additional language offerings plus support for its accelerator program.

  • Jiffy Grocery

    Participated · Series A · Sep 2021

    Jiffy runs its own network of dark stores and an app-based fulfilment service promising fresh grocery delivery in roughly 15 minutes. It currently operates eight London stores and serves about 20,000 customers across six delivery zones. Couriers are liveried employees (e-bike and moped riders) rather than gig workers. The company also offers Click & Collect at two stores and sells its q-commerce tech platform to selected partners (for example, Send in Australia). Founders describe themselves as q-commerce veterans; co-CEOs are Vladimir Kholiaznikov and Artur Shamalov, and other co-founders fill CTO, platform and marketing roles. Jiffy plans to expand across London (aiming to cover inside the M4 by year-end), pilot in towns and target towns of 100,000+ population while continuing international tech partnerships. Jiffy operates a dark-store model to deliver fresh groceries and household essentials in around 15 minutes, offering a product range exceeding 2,000 SKUs per store. It plans to launch its first stores in London as early as this month, targeting neighbourhoods including Westminster, Waterloo, Lambeth, Battersea, Clapham Town, Shoreditch, Bethnal Green, Hackney, Whitechapel, Stepney Green and Leytonstone. The company intends to open a further 20 local fulfillment hubs across the U.K. later this year. The founding team includes former managers from Sainsbury’s and Deliveroo and is led by founder Artur Shamalov, who previously started several companies in the food and delivery space. Jiffy says it will focus on a hyperlocal expansion approach rather than rapid global roll-out. The startup is still operating in stealth mode, reports strong inbound investor interest, and is already out fundraising again. The article notes the space is highly competitive and capital‑intensive, and observers view Jiffy’s current funding level as modest compared with better‑funded rivals.

  • EBAC Online

    Led · Series A · Sep 2021

    EBAC Online is an online school that offers courses in creative arts and technology, covering design, marketing and programming. The company was founded in 2020 by Andrey Anishchenko, Alexander Avramov and Rafael Steinhauser, who bring experience from online education and tech sectors. EBAC Online combines industry expertise and practitioner instructors to provide fast entry into digital-specialty jobs. The startup reports more than 20,000 students enrolled. Management says the new funding will be used to expand the number of programs, improve the quality of the educational experience and pursue expansion into other Latin American countries. Founders have stated ambitions to become the leading continued professional education provider in Latin America and target over $100 million in annual revenue within five years.

  • Getcourse.ru

    Participated · Equity · Jul 2021

    GetCourse is a platform that lets users create and sell educational content and manage online education businesses. More than 20,000 schools, trainers and bloggers use the service to launch courses, sell prerecorded or live lessons, and handle lead generation. The product bundles modules for course creation, website building, marketing and sales, plus email services and end-to-end analytics. The platform includes built-in CRM and analytics, and integrates with payment systems and popular social networks. In addition to the platform, the company runs its own educational projects. Turnover was estimated at $0.6 billion last year and is expected to exceed $1 billion this year, putting GetCourse alongside global peers such as Kajabi and Thinkific.

Team

  • Vadim E. Uzberg

    Partner

    LinkedIn
  • Dmitry Kamensky

    Partner

    LinkedIn
  • Gabbas Kazhimuratov

    Partner and Chief Financial Officer

  • Konstantin Povstyanoy

    Partner

    LinkedIn