Boguslavsky Fund continues to invest in Russian and foreign projects

    According to Vedomosti, Ru-Net, the Russian venture capital fund of Leonid Boguslavsky, has re-invested in the Indian startup FreeCharge and the American project DataDog.

    FreeCharge is a service that allows you to receive discounts and coupons on the company's website when replenishing the balance of your mobile phone. DataDog collects and visualizes information from servers, databases and applications of IT companies.

    Despite the fact that Ru-Net invested $ 20 million in FreeCharge, its share in the project did not exceed the 15% threshold. This is due to the fact that the authorized capital of FreeCharge increased, as the project received $ 80 million in this round from such investors as Sequoia and the Sofina fund (Belgium)

    At DataDog, Ru-Net has a 20% stake, which has not changed since the end of the round. In total, $ 31 million was invested, of which $ 6 million was invested by Ru-Net. Also, Index Ventures (UK) and Open View Ventures (USA) invested in DataDog.

    Each week, the number of FreeCharge users increases by 300,000. Each month, replenishment of mobile accounts brings about $ 20 million. DataDog revenue grows from quarter to quarter by 20-25%. Therefore, these companies are of significant interest to investors.

    At the very beginning of 2015, Ru-Net invested 10 million euros in the food delivery service Delivery Hero. The Boguslavsky Fund was one of the first investors in the project in 2011. Then it was estimated at 30 million euros. And now his estimate has reached 1.65 billion euros.

    Around the same time, Ru-Net together with Baring Capital Partners closed the round of the Russian company Mamsy for $ 15 million. Mamsy.ru is an online store for young mothers. Ru-Net first invested in Mamsy in 2011, when the project had an estimate of less than $ 10 million.

    The fund's portfolio includes investments in both Russian and foreign companies in an approximate ratio of 50 to 50. According to representatives of the fund, money is invested in companies regardless of their geographical location.

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