UFG Capital
82 Akropoleos Avenue, 1st Floor, Nicosia, 2012, Cyprus
Overview
UFG Capital is an international group of regulated management companies. UFG Capital was founded as part of UFG Wealth Management.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- Rice Parent Co
Participated · Series B · Oct 2025
Rice Parent Co is a Mumbai-headquartered fintech founded in January 2021 by Praveen Yadav, Alok Pandey, J. Prakash Gupta and Runak Rathi. The company’s core offering is a high-speed, reliable stockbroking platform serving Indian retail investors. Its product suite also includes ScanX, which delivers market insights, and two planned financial-education platforms, Upsge and Filter Coffee. Rice Parent Co has trained an AI model on large financial data sets to enhance the information it provides to users. Management credits a product-first culture and strong technology focus for the firm’s rapid, profitable growth in less than four years. After raising a $120 million Series B, the company reached a valuation of about $1.2 billion, giving it fresh capital to expand further into investments, AI and broader financial-services offerings.
- Fasten
Led · Series A · Nov 2016
Fasten is a ride‑hailing service founded in 2016 by Krasnodar entrepreneurs Kirill Evdakov and Evgeny Lvov. Its core product is a driver‑focused platform that charges drivers a fixed fee regardless of trip cost or duration. The company has expanded to two U.S. cities, launching in Boston and later entering Austin. According to reporting, Fasten is already profitable in Austin and attracts drivers to its model. Almaz Capital Partners has invested in the startup twice previously, though the amounts of those investments were not disclosed. In an autumn funding round Fasten received $10 million from Almaz Capital Partners and UFG Capital.
Team
No current team members are available.