The Russian-Belarusian Venture Investment Fund reached agreements with the founders of the Belarusian startup RocketData to sell its stake in the company to the 2GIS geoservice.
2GIS signed binding documents on investments in development and on the acquisition of a 47% stake in the Belarusian company RocketData. According to these agreements, the Russian-Belarusian Fund will sell part of its stake, amounting to 8.62%, to 2GIS. After receiving the necessary regulatory approvals, 2GIS could become the owner of a majority stake in RocketData. Accordingly, it will acquire the Fund's remaining 8.97% stake.
2GIS will finance development of the RocketData service: the investments will be aimed at accelerating RocketData's technological progress and launching additional geomarketing services.
The RocketData platform was launched in January 2018. At the end of the same year, the Russian-Belarusian Venture Investment Fund invested roughly 25 million rubles in the project. During 2020, the fund provided a convertible loan to RocketData, which subsequently increased its equity stake in the project.
RocketData is the leading Presence management service in the CIS. The ability to interact with users of various platforms through a single interface is popular chiefly among offline businesses operating in the B2C segment. Investments and integration with 2GIS and the Sber ecosystem will allow RocketData to attract new customers, accelerate growth, and enter new national markets. Operational management of the company remains with the current project team.
The Russian-Belarusian Venture Investment Fund (RBF Ventures) was formed as an investment partnership in December 2016. The fund's investors are the Belarusian Innovation Fund, RVC, and RVC InfraFund. The target size is 1.4 billion rubles. Investments are made in Russian and Belarusian projects in two stages: up to 25 million rubles in venture projects and up to 150 million rubles in companies that are in the growth stage. The fund's portfolio includes 4 companies in the IT software, EdTech, AgroTech, and FinTech industries. RocketData was the Russian-Belarusian Venture Investment Fund's first investment project in the Republic of Belarus. During the seed round, the fund invested over 25 million rubles in the company.
2GIS is an international technology company in the Sber ecosystem. It is among the 30 highest valued Russian Internet companies (Forbes, 2021). The main product is the 2GIS service, which combines a map, a directory of organizations and goods, and a navigator for cars and trucks. It works offline in Android and iOS mobile apps and on the web at 2gis.ru. It covers more than 600 cities in 11 countries. 2GIS's monthly active audience is more than 51 million users.
RocketData (Data Delivery LLC) is a Belarusian IT company and the developer of the CIS's leading service for managing the online presence of a business. The platform helps companies manage information about themselves, manage reviews, and bring in new customers from the most popular geoservices. The company's clients include more than 300 leading retailers, banks, restaurant chains, mobile operators and service providers in 20 countries around the world. The company regularly occupies leading positions in ratings of the fastest growing Russian-speaking IT startups, as well as in international ratings of innovative products for the retail sector.