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Internet Initiatives Development Fund
AddedFeb 13, 2024
UpdatedJul 16, 2026
Internet Initiatives Development Fund

Internet Initiatives Development Fund

Operating

Russian VC fund investing in early-stage tech startups across various sectors in Russia and Europe.

Location
Moscow, Moscow, RU
Founded
2013
Firm
Compare
Portfolio
Employees
Website

Internet Initiatives Development Fund (IIDF) is a Russian venture capital firm that focuses on early-stage tech startups, primarily in Russia and Europe. The fund targets a diverse range of sectors including Retail, Cybersecurity, Adtech, Edutech, Internet of Things, Fintech, Digital Healthcare, Media, Productivity Tools, Big Data, Lifestyle, and Cloud. IIDF typically invests in pre-seed, seed, and Series A rounds, with investment sizes varying from $40,000 to over $15 million.

IIDF's notable portfolio companies include Playkey, which has raised over $336 million, and Stafory (Robot Vera), with $228 million in funding. Other significant investments include Qapsula ($15 million) and Convead ($2.1 million). The fund is led by key partners who bring extensive experience from various tech sectors. IIDF also offers value-added services such as an acceleration program to help startups scale efficiently. Their investment philosophy emphasizes supporting innovative tech solutions with high growth potential in both local and international markets.

Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments19
Current Portfolio Count15
Total Portfolio Exits0

Top Investment Stages

Seed15 (78.9%)
Series A2 (10.5%)
Pre-Seed1 (5.3%)
Series B1 (5.3%)

Stage Mix

Seed 79%Series A 11%Pre-Seed 5%Series B 5%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Geecko logo

Geecko

Bewearcy logo

Bewearcy

Food Rocket logo

Food Rocket

Careerist logo

Careerist

Ducalis logo

Ducalis

Monq logo

Monq

VIM logo

VIM

Playkey logo

Playkey

Napoleon IT logo

Napoleon IT

Qapsula logo

Qapsula

Elpis Global logo

Elpis Global

Botmaker logo

Botmaker

Convead logo

Convead

RocketCompute logo

RocketCompute

inHome logo

inHome

Oppty logo

Oppty

Cloud Hosting Credits logo

Cloud Hosting Credits

Internet Initiatives Development Fund - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified
Show 6 more industry codes
NAICS
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 523910Miscellaneous Intermediation
  • 523940Portfolio Management and Investment Advice
SIC
  • 6000Depository Institutions
  • 6720Investment Offices
  • 6722Management Investment Offices, Open-end