I2BF Global Ventures Launches Digital Technology Investment Arm, I2BF Digital

 I2BF Global Ventures launches digital technology investment arm, i2bf digital

Builds on Firm’s Track Record in Digital Space, Consisting of Two Exits and Six Commitments

 

New York, New York October. 28, 2013 I2BF Global Ventures, a leading global technology investment firm, today announced the launch of I2BF Digital, a digital information technology (IT) investment arm that will focus on technologies related to power electronics, digital IT and commercial devices. I2BF Digital complements the firm’s existing portfolio of clean technology and nanotechnology companies while also building upon its strong network of entrepreneurs and technology successes.

 

“I2BF Digital is a natural extension of our core expertise in identifying successful start-ups and frontier technologies,” said Ilya Golubovich, managing and founding partner of I2BF Global Ventures. “We began significantly developing our digital investment portfolio in 2011 and have since completed two successful exits. As a result of our demonstrated prowess in the industry, and in response to rising demand and interest from our existing Limited Partner (LP) base, we’ve decided to formerly launch I2BF Digital as an investment arm.”

 

I2BF Digital will be backed by existing funds from the firm’s LPs, and investments will be focused on seed to Series A rounds in the United States (particularly Silicon Valley), Russia and South Korea, specifically across incubator programs such as Y Combinator, Stanford’s StartX and emerging programs at Moscow University and Skolkovo. I2BF Digital will also expand the firm’s product offering to its existing investors with an interest in long-term strategic investment options.

 

I2BF Global Ventures, which manages four venture capital vehicles, has already built a strong track record in the sector, shifting from smaller shares to a more proactive approach and larger stakes in businesses. The firm has also completed two successful exits from its digital arm with Boxee, a cloud-based DVR that was acquired by Samsung, and TokBox, a flexible, live face-to-face online video platform, which was acquired by Telefonica.

 

Other existing investments in the digital arm include:

·         ElaCarte, comprehensive guest ordering and pay-at-table solution

·         ServiceTitan, a fully integrated service tracking solution

·         Buzzoola, an automated social video advertising platform

·         Prizeo, a revolutionary crowd-funded charity platform

·         GetGoing, a smarter tool for planning leisure travel

·         CloudEO, a unique portal for all those who create, interpret and use geodata

 

“We’re proud to be financed in part by I2BF Global Ventures,” said Alek Vernitsky, CEO at GetGoing, the personalized travel search and booking site. “And we’re especially honored to be one of the first companies under the I2BF Digital investment arm, as I2BF expands its reach to companies like GetGoing, which is helping to make travel easier and more affordable.”

 

About I2BF Global Ventures


Established in 2005, I2BF Global Ventures is an international technology focused venture capital firm with a global investment mandate. The mission of I2BF Global Ventures is to seek out innovative and competitive companies, targeting sectors and technologies it believes can lead the path to a "Brighter Future". Since the first portfolio company investment in 2006, I2BF Global Ventures has successfully completed 24 transactions, and manages four venture capital vehicles. In keeping with its worldwide investment focus, further to the team in New York, I2BF Global Ventures retains a team of technology and sector experts in London, Moscow, Dubai and Astana to ensure a truly global venture capital strategy and a hands-on management approach. Visit www.I2BF.com for more information.

Share
Press release
The information and material presented are informational only and do not constitute an offer to sell, or a solicitation of an offer to buy, securities or interests in any fund or fund product. Investors must meet certain qualifications for the purchase of alternative investments and must meet other selection criteria. Investments in I2BF Group funds are only offered through confidential private placement memorandums or prospectuses which are not available on this website. There can be no assurance that an investment in any investment product will achieve profits or avoid incurring substantial losses. There is a high degree of risk inherent in alternative investments and they are not be suitable for all eligible investors. Investors purchasing alternative investment products may lose some or all of their investment. Before making an investment decision, please carefully (i) consider the suitability of alternative investments with respect to your investment objectives and personal situation and (ii) consider factors such as its personal net worth, income, age, risk tolerance, and liquidity needs. Short-term investors and investors who cannot bear the loss of some or all of their investment or the risks associated with the limited liquidity of an investment should not invest.