Baring Vostok Capital Partners

Baring Vostok Capital Partners Limited is a private equity and venture capital firm established in 1994, with its headquarters in Moscow, Russia, and additional offices in Limassol, Cyprus, and Guernsey, Channel Islands. The firm focuses on a diverse range of investment opportunities, including early venture, acquisitions, buyouts, and growth capital across various sectors. These sectors include natural resource extraction, particularly oil and gas, industrial companies, mass media, telecommunications, utilities, construction materials, specialty manufacturing, real estate development, internet, software, retail, and service management. Baring Vostok Capital Partners aims to support medium-sized enterprises and offers funding at various stages of business development, from seed-stage to later-stage investments.

Vagan Abgaryan

Partner

Dzhuni Astor

Investment Manager

Jean Michel Broun

Partner

Philippe Delpal

Industry Partner, Financial Services

Ivashentseva Elena

Senior Partner

Dmitry Kamensky

Partner

Gabbas Kazhimuratov

Partner and CFO

Maxim Loginov

Partner

Konstantin Povstyanoy

Partner

Igor Samsonov Ph.D

Partner, Leveraged Finance

Julian Timms

Director

Matvey Vinokurov

Investment Manager

Nikolay Zubtsov

Investment Professional

Past deals in Moscow

ivi

Series D in 2021
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

CarPrice.ru

Venture Round in 2020
CarPrice Ltd Moscow-based technological start-up launched in 2014. CarPrice develops technology, infrastructure and services for used cars transactions between private sellers and professional buyers. The major part of the business is an online auction. For private sellers CarPrice is a transparent, convenient and safe way to sell the car. For professional buyers CarPrice is a stable and reliable buying channel. To sell his car, the seller comes to a CarPrice representative, the car goes through legal check and standardized technical inspection. Technical report and legal data are then uploaded to CarPrice online auction platform available for authorized buyers only. Buyers bid for the cars, maximum bid wins. The winning bid is offered to the seller as purchasing price. The seller can accept or reject the offer. All the services are free for the seller. Buyers pay for the access to the platform and CarPrice fees for each transaction. CarPrice also offers logistics, warehousing, corporate services and financial solutions for used cars market players in Russia. In 2013 Oskar Hartmann approached a group of investors with an idea to adopt for Russia a business model which successfully deployed in UK and Germany. In 2014 CarPrice online auction was launched. The company's Round B was adjudged as "Deal of the Year" by Venture Awards Russia 2015 (investors included Baring Vostok Capital Partners & Almaz Capital). In 2015 CarPrice was named one of the 100 most talked-about startups in Europe by the American magazine Wired. In 2016 CarPrice Japan opens. In June 2017 Mitsui acquired a 25% stake in CarPrice Japan. March 2018, Tech Tour Growth 50 experts ranked CarPrice among the most promising European growth companies. In 2020 CarPrice was one of the first in the market who launched distant buying. In 2022 CarPrice entered Forbes' top 30 digital companies in Russia as #22. In 2023 CarPrice gets #13 position in the rating. As of the end of 2023 CarPrice operates more than 100 buying offices in 55 cities in Russia and 5 logistic hubs.

Tealsy

Series A in 2019
Tealsy is a Moscow-based startup that has developed an online platform for the buying and selling of grocery products. This marketplace connects e-shoppers, retail networks, and suppliers, allowing them to engage in trade efficiently. The platform enables buyers to compare prices from various sellers, assess product quality, and check product availability while placing orders. By streamlining the trading process, Tealsy aims to optimize costs for retail participants in the grocery sector.

ivi

Series C in 2019
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

DOC+

Series B in 2018
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

DOC+

Series A in 2017
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

DOC+

Series A in 2016
DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Profi.ru

Acquisition in 2016
Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across a wide range of categories. These include tutors, doctors, beauty masters, artists and musicians, handymen, personal trainers, and driving instructors. The platform provides an integrated feedback mechanism, allowing clients to assess specialists based on previous experiences. This feature helps users save time and effort when seeking skilled professionals to address their specific needs.

CarPrice.ru

Series B in 2015
CarPrice Ltd Moscow-based technological start-up launched in 2014. CarPrice develops technology, infrastructure and services for used cars transactions between private sellers and professional buyers. The major part of the business is an online auction. For private sellers CarPrice is a transparent, convenient and safe way to sell the car. For professional buyers CarPrice is a stable and reliable buying channel. To sell his car, the seller comes to a CarPrice representative, the car goes through legal check and standardized technical inspection. Technical report and legal data are then uploaded to CarPrice online auction platform available for authorized buyers only. Buyers bid for the cars, maximum bid wins. The winning bid is offered to the seller as purchasing price. The seller can accept or reject the offer. All the services are free for the seller. Buyers pay for the access to the platform and CarPrice fees for each transaction. CarPrice also offers logistics, warehousing, corporate services and financial solutions for used cars market players in Russia. In 2013 Oskar Hartmann approached a group of investors with an idea to adopt for Russia a business model which successfully deployed in UK and Germany. In 2014 CarPrice online auction was launched. The company's Round B was adjudged as "Deal of the Year" by Venture Awards Russia 2015 (investors included Baring Vostok Capital Partners & Almaz Capital). In 2015 CarPrice was named one of the 100 most talked-about startups in Europe by the American magazine Wired. In 2016 CarPrice Japan opens. In June 2017 Mitsui acquired a 25% stake in CarPrice Japan. March 2018, Tech Tour Growth 50 experts ranked CarPrice among the most promising European growth companies. In 2020 CarPrice was one of the first in the market who launched distant buying. In 2022 CarPrice entered Forbes' top 30 digital companies in Russia as #22. In 2023 CarPrice gets #13 position in the rating. As of the end of 2023 CarPrice operates more than 100 buying offices in 55 cities in Russia and 5 logistic hubs.

Profi.ru

Venture Round in 2015
Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across a wide range of categories. These include tutors, doctors, beauty masters, artists and musicians, handymen, personal trainers, and driving instructors. The platform provides an integrated feedback mechanism, allowing clients to assess specialists based on previous experiences. This feature helps users save time and effort when seeking skilled professionals to address their specific needs.

Mamsy

Venture Round in 2014
Mamsy is an online shopping portal based in Moscow, Russia, specializing in products for moms, kids, and babies. Founded in 2011, the company features a wide array of offerings, including clothing for newborns, boys, girls, and adults, as well as maternity wear. In addition to apparel, Mamsy provides household items, shoes, accessories, games, toys, and care products. The platform is known for its competitive pricing, often featuring discounts of up to 70%, making quality children's goods more accessible to customers throughout Russia. Mamsy aims to enhance the competitiveness of the Russian market for children's products by providing a convenient and comprehensive online shopping experience.

ivi

Venture Round in 2012
Ivi is a Russia-based video-on-demand platform that brings the traditional television experience online with a free video player that is secure, scalable, portable (accessible by any internet connected computer), and flexible for both broadcasters and viewers. Ivi creates opportunities for desktop and independent content producers to create live streaming channels. ivi also provides mainstream broadcasters with new audiences and revenue opportunities.

Avito

Series B in 2012
Avito is a classified advertisements platform founded in 2007 by Jonas Nordlanderr and Filip Engelbert, with its headquarters located in Moscow, Russia. The platform facilitates the buying and selling of a wide range of used items, including cars, clothing, real estate, and various accessories. Users can also engage in the exchange of collectibles, electronics, memorabilia, and tickets for concerts and sporting events. Avito serves as a valuable resource for small and medium-sized businesses, allowing them to market their products and services without incurring fees for ad placement.

ER-Telecom Holding

Private Equity Round in 2010
ER-Telecom is a telecommunications provider based in Moscow, Russia, offering a range of services to both businesses and individuals. The company specializes in triple-play solutions, which include broadband Internet access, cable and HD television, and landline communication. For individual customers, ER-Telecom provides home Internet, cable television, and home phone services. For business clients, the company offers high-speed Internet access, video surveillance, video conferencing, technological data transfer, and fixed-line telephony. This comprehensive service portfolio positions ER-Telecom as a significant player in the Russian telecommunications market.

Gallery Media Group

Private Equity Round in 2005
Gallery Media Group is a leading provider of outdoor advertising services based in Moscow, Russia. The company operates over 50,000 advertising surfaces across 90 cities, specializing in the creation, installation, and maintenance of various advertising structures. Its offerings include billboards, outdoor furniture, large-format displays, custom media, and street signs, all tailored to suit the unique architectural and landscape characteristics of each location. Gallery Media Group focuses on delivering effective outdoor advertising solutions, enhancing visibility and engagement for its clients in urban environments.
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