Internet Initiatives Development Fund (IIDF)

company

About

Internet Initiatives Development Fund is a venture fund that creates infrastructure and conditions for Russia-based businesses.

  • 101 - 250

Details

Industries
Cyber Security,Financial Services,FinTech,Internet of Things,Venture Capital
Founded date
Jul 17, 2013
Number Of Employee
101 - 250
Operating Status
Active
Investor Type
Accelerate,Venture Capital

One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startups in their early development stages. IIDF has invested in 402 tech startups. The Fund invests between 2.5M and 324M rubles in tech companies at early stages, i.e. pre-seed, seed and series A.

The Fund also plans to launch a variety of educational programs and to perform a number of legislative initiatives. These steps will help to increase transparency and ensure effective cooperation between entrepreneurs, investors, and state agencies in the field of venture capital investments in Russian online-projects.

IIDF's mission is to make Russia more attractive for tech enterpreneurs. They want to make the Russian venture market understandable and accessible to anyone who wants to begin or grow their Internet businesses.

Investments

Number of Investments
Number of Lead Investments
4
1
Internet Initiatives Development Fund (IIDF) has made 4 investments. Their most recent investment was on Jul 23, 2018, when PIM Solutions raised ₽200M.
Date Company Name
Round Money Raised Industry Lead Investor
Jul 23, 2018 PIM Solutions
Series A ₽200M E-Commerce Yes
Feb 1, 2017 The Memessenger
Seed ₽2.10M Apps
Oct 16, 2015 Finbord
Seed Blockchain
Feb 1, 2015 AppFollow
Pre-seed $25K Analytics