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.
Location:
Alma-Ata, Kazakhstan
Year of initial investments:
2014
Shareholding:
Minority stake

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