The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
Global Telesystems

Global Telesystems

Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999

Other projects

News

10 January 2022

Baring Vostok invests in EdTech startup Kodland.

Kodland, an online school of programming for children, attracted $9 million in investment from Redseed Ventures, Baring Vostok, Kismet, Flyer One Venture, and I2BF Global Ventures partner Alexander Nevinsky