iTech Capital
iTech Capital is a global venture capital firm focused on high-growth internet-enabled businesses. Founded in 2010 and based in Riga, Latvia, it backs scalable technology companies across regions and markets. The firm concentrates on online travel and ticketing, fintech, e-commerce, big data, ad tech, SaaS, and legal tech, targeting opportunities at the Series A stage and beyond. It pursues worldwide investments in internet-based businesses with potential for rapid global expansion. iTech Capital has a track record of exits and notable unicorns, including Bitfury and TradingView, illustrating its ability to support companies through multiple growth phases. The firm leverages its industry network and hands-on approach to help portfolio companies navigate product, go-to-market, and regional scaling challenges.
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Past deals in Central Asia
Aviasales
Series B in 2021
Aviasales is a prominent travel metasearch company based in Eastern Europe and Central Asia, specializing in the search and comparison of air tickets, hotel accommodations, and car rentals. Established in 2007, the company has become a significant player in the travel industry, capturing nearly 20% of the air ticket sales market in Russia, with a gross merchandise value exceeding $1.6 billion in 2021. Aviasales operates a user-friendly online portal that allows customers to easily browse and compare flight and hotel options from various online travel agencies. In addition to its consumer-focused services, the company offers B2B travel technology solutions, including Travelpayouts, a partnership platform, and Aviastats, which provides revenue optimization data for airlines. With around 500 employees, Aviasales has established its main offices in Thailand and Russia, continuing to enhance its offerings in the travel sector.
Aviasales
Series A in 2014
Aviasales is a prominent travel metasearch company based in Eastern Europe and Central Asia, specializing in the search and comparison of air tickets, hotel accommodations, and car rentals. Established in 2007, the company has become a significant player in the travel industry, capturing nearly 20% of the air ticket sales market in Russia, with a gross merchandise value exceeding $1.6 billion in 2021. Aviasales operates a user-friendly online portal that allows customers to easily browse and compare flight and hotel options from various online travel agencies. In addition to its consumer-focused services, the company offers B2B travel technology solutions, including Travelpayouts, a partnership platform, and Aviastats, which provides revenue optimization data for airlines. With around 500 employees, Aviasales has established its main offices in Thailand and Russia, continuing to enhance its offerings in the travel sector.
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