Forbes ranked the 10 most promising startups with Russian founders

Forbes ranked the 10 most promising startups with Russian founders

Forbes presented the third ranking of the most promising startups with Russian roots. Funds build a portfolio of projects with sustainable business models that will survive the downturn and take off in the future. Both local and foreign investors are ready to invest in such companies of Russian founders, the publication notes.

More than ten representatives of the venture capital market were included in the startup rating expert council. Together with them, they determined the criteria that a startup must meet in order to be included in the rating of the most promising. The list includes projects on the verge of significant growth, in particular capitalization. Therefore, restrictions were introduced on the amount of investments – no more than $30 million.

Funds raised in companies’ capital during publicly announced investment rounds were taken into account. The list includes startups founded by natives of Russia (who have not lived abroad since childhood), which appeared no earlier than 2018 and have not yet reached the status of “unicorn” (that is, the value of $1 billion and above).

According to these criteria, the analytical company Dsight has prepared the unloading of startups from its database. In addition, investors proposed their candidates according to the specified criteria. The final list includes the projects that received the most votes. The startups are arranged in order of decreasing amount of investments involved.

1. Truv

Founders: Kyrylo Klokov, Ilya Chetverkin

Key investors: Kleiner Perkins, Nyca

Year of foundation: 2020

Involved investments, $ million: 28.5

The American startup Truv (formerly Citadel) is engaged in data verification. Its solution allows companies to verify a person’s income or employment history. Such data may be needed by the business before granting him a loan and mortgage or hiring him.

2. Apron

Founder: Bohdan Uzbekov

Key investors: Index Ventures, Bessemer Venture Partners, Visionaries Club

Year of foundation: 2021

Involved investments, $ million: 20.1

The company is registered in Great Britain and develops software that automates accounting for small and medium-sized businesses — payment and verification of invoices and salaries. The service earns from subscriptions costing up to £49 per month. This rate covers the processing of 100 vendor payments and 50 payroll transfers.

3. Polyn Technology

Founders: Dmytro Godovskyi, Oleksandr Timofeev, Valery Kryvenko, Boris Maslov

Key investors: Corniche Capital, Silicon Catalyst

Year of foundation: 2019

Involved investments, $ million: 15

Polyn Technology develops neuromorphic chips. They operate on the principle of the human brain and, unlike conventional processors, can store and process data in one place. Due to this, energy consumption is reduced and device performance is increased.

4. Careerist

Founders: Maxim Hlybochanskyi, Ivan Tsybaev, Maxim Gusakov

Key investors: Cold Start Ventures, Xploration Capital, Y Combinator

Year of foundation: 2019

Involved investments, $ million: 9.4

The idea of ​​the Careerist platform with IT courses came to former business consultant Maksym Hlybochensky after he moved to the USA, retrained as a tester and found a job in this profession. The main feature of Careerist was the ability to pay for training after a job, deducting a percentage of the salary for 18 months.

5. Qummy

Founders: Artem Simonyants, Oleksiy Kislun, Yevhen Pisarev

Key investors: “East”, Joint Journey

Year of foundation: 2019

Involved investments, $ million: 7

Qummy makes “smart” ovens that allow cafes to do without cooks and kitchens. They scan the QR codes of products on the packaging of frozen meals and decide in which mode they need to be cooked.

6. Whizz

Founders: Ksenia Proka, Oleksiy Mironov, Artem Serbivka

Key investors: Joint Journey, TMT Investments, s16vc

Year of foundation: 2022

Involved investments, $ million: 4.5

Electric vehicle rental service launched in the US in 2022. Before that, the creators developed a similar business for two years under the brands “My Device”, “My Scooter” and “Cool Wheels” in Russia.

7. “Take charge!”

Founder: Kyrylo Kulakov

Key investors: Quantum-A, business angels

Year of foundation: 2018

Involved investments, million rubles: 349*

“Take charge!” places vending machines with portable batteries in restaurants, shopping centers and other public places, which can be rented for 100 rubles per hour (for the first hour) or 200 rubles per day. Until September 2023, “Take charge!” installed more than 18,500 stations in Russia and the CIS countries, and also began selling its SaaS solution to similar companies.

8. HRlink

Founders: Dmytro Arzhevskyi, Oleksandr Monosov, Oleksandr Semenov, Hanna Korchminska, Dmytro Makhlin

Key investor: HeadHunter

Year of foundation: 2020

Involved investments, million rubles: 100

HRlink allows companies to remotely sign documents with employees and the self-employed.

9. Parkly

Founders: Roman Pavlushko, Dmytro Kopylov, Dmytro Mykhaylov

Key investors: Finsight Ventures, Softline Venture Partners

Year of foundation: 2020

Involved investments, $ mln: 0.7

Moscow startup Parkly is a mobile application for finding, booking and paying for parking in shopping and business centers, airports, train stations, etc.

10. AppMagic

Founder: Maxim Samorukov

Key investor: RoasUp

Year of foundation: 2018

Involved investments, $ million: 0.2

The AppMagic analytics service allows you to track the shares of mobile market players, application metrics and revenues, etc.

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