SOLventures

SOLventures is a venture investment fund established in 2013 and based in Nicosia, Cyprus. The firm specializes in investing in early-stage IT and e-commerce projects, focusing on startups in the advertising, finance technology, and mobile sectors. By leveraging the diverse experience of its partners, SOLventures aims to facilitate the growth and development of these startups, ensuring that the capital invested is utilized efficiently. The firm targets opportunities across Russia, the United States, and Europe, positioning itself as a key player in the venture capital landscape.

Stanislav Shokhor

Managing Partner

11 past transactions

iGooods

Series A in 2018
iGooods is a mobile e-commerce platform based in Saint Petersburg, Russia, specializing in the online shopping and delivery of a diverse range of products, including groceries, fruits, vegetables, cosmetics, electronics, and other daily necessities. Established in 2014, the company provides customers with a convenient way to access fresh produce, pet care items, bakery products, meats, flowers, and household goods through its user-friendly platform. iGooods also incorporates features such as a mobile POS terminal and delivery tracking systems, allowing customers to order from their preferred stores and receive their purchases directly at home or office.

Menu Group UK Limited

Venture Round in 2017
Menu Group UK Limited is a company specializing in online restaurant food delivery services. Established in 2012 and headquartered in London, the company has expanded its operations to include locations in Minsk, Belarus; Tbilisi, Georgia; and Yerevan, Armenia. Menu Group aims to be a leading provider in the online food delivery market, particularly in the Caucasus and Eastern Europe, leveraging technology to connect consumers with a variety of dining options.

AutoSpot

Series A in 2017
AutoSpot is an online automotive service platform based in Moscow, Russia, that facilitates the purchase of new cars by connecting customers directly with authorized dealers. Founded in 2013, the company operates a reverse marketplace model, aggregating offers from over 410 official dealers and enabling users to compare prices, access real-time information, and shop for vehicles without the need for traditional bargaining. This model enhances transparency in the car-buying process, allowing consumers to find better deals and special financing options, including auto loans and insurance. AutoSpot has established a significant presence in the online car sales market in Russia, holding an estimated 20.5% share of online sales and approximately 5.1% of total car sales by 2022, with monthly sales of around 1,000 new automobiles. The company continues to enhance its platform, making it more scalable and feature-rich to meet the needs of its customers.

AutoSpot

Seed Round in 2016
AutoSpot is an online automotive service platform based in Moscow, Russia, that facilitates the purchase of new cars by connecting customers directly with authorized dealers. Founded in 2013, the company operates a reverse marketplace model, aggregating offers from over 410 official dealers and enabling users to compare prices, access real-time information, and shop for vehicles without the need for traditional bargaining. This model enhances transparency in the car-buying process, allowing consumers to find better deals and special financing options, including auto loans and insurance. AutoSpot has established a significant presence in the online car sales market in Russia, holding an estimated 20.5% share of online sales and approximately 5.1% of total car sales by 2022, with monthly sales of around 1,000 new automobiles. The company continues to enhance its platform, making it more scalable and feature-rich to meet the needs of its customers.

DrinkAdvisor

Venture Round in 2016
DrinkAdvisor is an international mobile advisory geolocation service that specializes in helping users discover the best bars and nightclubs around the world. With a comprehensive database of over 17,000 establishments in 250 cities, the platform provides detailed information about each venue, helping users make informed choices based on previous visitors' experiences. Additionally, DrinkAdvisor features recipes for more than 150 popular cocktails, allowing users to order drinks confidently while out or to recreate them at home. The service is accessible through a free application available on iOS and Android, boasting a user base of over 500,000 individuals globally, which positions DrinkAdvisor as a leading mobile application in the nightlife sector.

AutoSpot

Seed Round in 2015
AutoSpot is an online automotive service platform based in Moscow, Russia, that facilitates the purchase of new cars by connecting customers directly with authorized dealers. Founded in 2013, the company operates a reverse marketplace model, aggregating offers from over 410 official dealers and enabling users to compare prices, access real-time information, and shop for vehicles without the need for traditional bargaining. This model enhances transparency in the car-buying process, allowing consumers to find better deals and special financing options, including auto loans and insurance. AutoSpot has established a significant presence in the online car sales market in Russia, holding an estimated 20.5% share of online sales and approximately 5.1% of total car sales by 2022, with monthly sales of around 1,000 new automobiles. The company continues to enhance its platform, making it more scalable and feature-rich to meet the needs of its customers.

DrinkAdvisor

Seed Round in 2014
DrinkAdvisor is an international mobile advisory geolocation service that specializes in helping users discover the best bars and nightclubs around the world. With a comprehensive database of over 17,000 establishments in 250 cities, the platform provides detailed information about each venue, helping users make informed choices based on previous visitors' experiences. Additionally, DrinkAdvisor features recipes for more than 150 popular cocktails, allowing users to order drinks confidently while out or to recreate them at home. The service is accessible through a free application available on iOS and Android, boasting a user base of over 500,000 individuals globally, which positions DrinkAdvisor as a leading mobile application in the nightlife sector.

AutoSpot

Seed Round in 2014
AutoSpot is an online automotive service platform based in Moscow, Russia, that facilitates the purchase of new cars by connecting customers directly with authorized dealers. Founded in 2013, the company operates a reverse marketplace model, aggregating offers from over 410 official dealers and enabling users to compare prices, access real-time information, and shop for vehicles without the need for traditional bargaining. This model enhances transparency in the car-buying process, allowing consumers to find better deals and special financing options, including auto loans and insurance. AutoSpot has established a significant presence in the online car sales market in Russia, holding an estimated 20.5% share of online sales and approximately 5.1% of total car sales by 2022, with monthly sales of around 1,000 new automobiles. The company continues to enhance its platform, making it more scalable and feature-rich to meet the needs of its customers.

Puzzle English

Venture Round in 2014
Puzzle English is an online English language learning service that operates on a freemium model, allowing users to access basic functions for free while offering advanced features through a subscription. Founded in 2010 and based in Russia, the platform integrates English-language serials with interactive learning mechanisms, enabling subscribers to enhance their language skills while engaging with popular media. Users can practice pronunciation, work with text, and track new vocabulary in a personalized diary. Puzzle English's approach combines entertainment and education, catering to the growing demand for online language learning within the broader online education market, which has seen significant expansion since 2012. The company aims to provide a hassle-free and effective learning experience through various multimedia resources, including videos, tests, and games.

DrinkAdvisor

Seed Round in 2013
DrinkAdvisor is an international mobile advisory geolocation service that specializes in helping users discover the best bars and nightclubs around the world. With a comprehensive database of over 17,000 establishments in 250 cities, the platform provides detailed information about each venue, helping users make informed choices based on previous visitors' experiences. Additionally, DrinkAdvisor features recipes for more than 150 popular cocktails, allowing users to order drinks confidently while out or to recreate them at home. The service is accessible through a free application available on iOS and Android, boasting a user base of over 500,000 individuals globally, which positions DrinkAdvisor as a leading mobile application in the nightlife sector.

CoFoundersLab

Seed Round in 2012
CoFoundersLab is an online platform designed to facilitate connections among entrepreneurs. It provides a space for individuals to find co-founders, advisors, and team members, as well as to hire freelancers for various business needs. Users can engage in discussions by asking and answering both technical and non-technical questions. The platform also offers a low-fee, no-equity Virtual Accelerator to help entrepreneurs progress their ideas. Additionally, CoFoundersLab features a Learning Center for skill development and hosts in-person match-up events to foster networking opportunities. By leveraging technology and AI algorithms, CoFoundersLab aims to create a supportive environment for entrepreneurial-minded individuals seeking the necessary resources to succeed in their ventures.
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