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The Venture Codex

Softline Venture Partners

Fourth Floor, 14 Austin Friars, London, England, EC2N 2HE, United Kingdom

Overview

Softline Venture Partners is a corporate venture fund of Softline Group. Since 2008, Softline Venture Partners have invested about US$35 million in 20+ portfolio companies. The amount of investment to one project is from $300 thousand to $3 million. As a stage agnostic investor, the firm works with companies across a wide range of technologies, such as Edtech, HRTech, Cybersecurity, Cloud Services, Big Data, Artificial Intelligence, Internet of Things.

Total investments
4
Lead investments
1
Investments · 12mo
0
Active investors
5

Sector focus

  • Artificial Intelligence (AI)
  • Big Data
  • Cloud Computing
  • Cloud Infrastructure
  • Cyber Security
  • EdTech
  • Internet of Things
  • Machine Learning
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Investment portfolio

  • Parkly

    Participated · Seed · Dec 2021

    Parkly operates a cloud platform and mobile app that lets drivers find, reserve and pay for commercial parking in malls, business centers, airports and stations, enabling advance booking and gated access. The service aims to save motorists time searching for spots and reduce parking costs for stays longer than 1–2 hours, while giving parking owners tools to improve customer service and monetise unused spaces without heavy capex. Parkly offers features for operators including flexible digital parking solutions, short‑term parking capabilities without installing parcometers, and more efficient space management to increase revenue and attract visitors. The service launched in spring 2021 on founders’ funds (founders include Roman Pavlushko, Dmitry Kopylov and Dmitry Mikhailov). In its first six months Parkly connected 12 sites within Moscow’s Garden Ring and onboarded about 10,000 motorists to its app, indicating early user traction. The company recently completed a seed raise to support further expansion of its platform and operator integrations.

  • Educate Online

    Participated · Seed · Dec 2021

    Educate Online operates a Lewse, DE-based platform that connects international students to schools in the US, UK and Canada and enables remote full- or part-time study. The platform offers 450+ subjects and, over the past 12 months, more than 2,500 students from 18 countries have enrolled through the service. Educate Online provides localized academic and personal counseling via an international team of experts and also offers optional on-campus summer or semester programs, university exploration tours, cultural/language travel and local meet-ups. The company has a partner network of more than 90 universities and in 2019 developed The Hub for online K-12 study, ESOL, career exploration, university preparation, and internship & mentorship programs. Tuition through Educate Online is roughly $5–10K, which the company says is 20–30 times lower than the cost of full-time education in US/UK/Canadian schools. The new capital will be used to scale in LATAM, Asia and the Middle East, develop its technology platform, and build a worldwide community of students.

  • ElectroNeek

    Participated · Seed · Jun 2019

    ElectroNeek is a San Francisco-based robotic process automation (RPA) platform that provides a suite of software solutions to automate repetitive IT and business tasks. Led by CEO Sergey Yudovskiy, the company enables MSPs to build, deploy and administer RPA bots and offer RPA-as-a-Service subscriptions while allowing enterprises to replace legacy RPA vendors and reduce bot license costs. MSPs can retain pricing control for end users and gain a recurring revenue stream by offering managed RPA services. ElectroNeek reports roughly 250 customers across more than 40 countries and has technology and go-to-market partnerships with Microsoft, Oracle and Nvidia. The company raised $20M in a Series A that valued it at over $100M. It plans to use the funds to expand engineering, product and support teams across North America, Latin America, Europe, the Middle East and India. electroNeek Robotics develops software to automate routine office workers' tasks across desktop and cloud applications. Its product operates at the GUI level and via cloud connectors, emerging from Robotic Process Automation and Cloud Orchestration technologies. The platform can extract and interpret information from business documents (e.g., invoices or purchase orders), desktop and SaaS applications (e.g., Salesforce), process it, fill out forms, create custom reports, or move data between apps following business instructions. The company targets mid-market and small businesses that have many repetitive tasks and constantly changing IT infrastructure and processes. Led by CEO Sergey Yudovskiy, electroNeek works with more than 80 implementation partners globally, including PwC. Financially, the company recently raised $500k in pre-seed funding and previously secured its first external financing at the end of 2018 to release its software product.

  • iTMan

    Led · Equity · Jun 2013

    ITMan is a Russian cloud-based platform that helps small and medium-sized businesses manage their IT assets. The product is positioned to centralize IT asset management for SMBs via the cloud. The company obtained about €290,000 in funding from Softline Venture Partners and the Moscow Seed Fund. Articles report that the investors believe the company could deliver returns within approximately a year. No operating metrics, founding year, or past rounds were disclosed in the coverage.

Team

  • Dmitry Polyakov

    Deputy CEO

  • Igor Borovikov

    Founder

  • Elena Volotovskaya

    Chief Investment Officer & Head

    LinkedIn
  • Viktor Iordanskiy

    General Counsel