Chernovetskyi Investment Group
буд. 9/2 Klovs'kyi Descent Кв 40, Kyiv, Kyiv City, 01021, Ukraine
Overview
CIG is an investment company and a one of the largest venture capitalist in East Europe. The company helps to develop projects at all stages of development – from start-ups operations to firms that have been active for several years. CIG aims to seek to scout out the most talented, creative future partners who are ready to take their businesses to the next level. The CIG investment philosophy is based on a cooperation with the current owners of investment projects, rather than commercial takeover. CIG’s primary investment priorities lie within the sphere of innovative development and technologies – particularly those that focus on the IT sector and the Internet.
- Total investments
- 3
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Banking
- Financial Services
- Venture Capital
Investment portfolio
- Zakaz.ua
Led · Equity · Apr 2020
Zakaz.ua operates an online grocery-ordering platform that processes orders from popular retail chains. The company was founded in 2010 by Ukrainian entrepreneur Yegor Anchyshkin. Anchyshkin previously founded Viewdle, which was acquired by Google in 2012. Zakaz.ua saw an 80% increase in the number of orders it processed in the first days of lockdown in Ukraine. The service has previously attracted outside capital, including a $2.5 million investment from Chernovetskyi Investment Group in 2014. Recent fundraising and the surge in orders suggest increased demand for its online grocery offering during the pandemic period. Zakaz.ua is an e-commerce groceries delivery service launched in 2010 by Yegor Anchishkin that serves residents of Kyiv. The founder previously built Viewdle, which was acquired by Google in 2012. The company is described by industry observers as a profitable and autonomous project with a scalable business model. Management shifted plans away from entering the Russian market and is refocusing on other foreign markets due to geopolitical risks. Prior to the new financing, Zakaz.ua had raised less than $1 million in total. The recent investment is intended to support continued growth and potential international expansion.
- Foodout Group
Led · Equity · Jul 2017
Foodout Group is a food delivery startup operating in the Baltics and other markets. The company has merged with Ukraine’s EDA.UA and plans to expand into Belarus. It currently operates in five countries: Lithuania, Latvia, Estonia, Ukraine, and Iran. Management aims to be the top player in mobile and online food delivery in these markets within the next two to three years. The merged company raised €1 million from Chernovetskyi Investment Group; prior to this, Foodout had raised $1 million in seed funding from Goldfish Fund, while EDA.UA has not disclosed its funding history. No terms for the merger were announced. The company is in talks with competitors in five other countries and plans a separate investment round at the end of the year to continue consolidation.