LETA Capital Welcomes Vahan Mgebryan as General Partner and Announces Promotion of Sergey Toporov to General Partner

25 JANUARY 2024

Vahan Mgebryan brings an impressive array of experience to LETA Capital, having most recently served as the Deputy CEO of Caucasus Online LLC, one of the largest Georgian privately-owned telecommunication companies with over 750 employees. In this role, Mgebryan demonstrated exceptional leadership and strategic insight, overseeing significant growth and innovation within the company. Before that, he worked at Grant Thornton, an international provider of audit and assurance, tax and advisory services, and Bank of Georgia, one of the largest privately-owned Georgian Banks.

Mgebryan's expertise extends to financial management, strategic acquisitions, and investment analysis. He is an ACCA (Association of Chartered Certified Accountants, UK) affiliate and he holds a Bachelor of Science Degree in Applied Finance and Accounting from Oxford Brookes University.

Joining Mgebryan in ascending to the role of General Partner is Sergey Toporov, based in London, UK, who has been a part of LETA Capital since its inception in 2012 and who served as a Partner for the last 6 years. Toporov's promotion is a testament to his invaluable contributions to the firm, showcasing exceptional strategic vision that has been instrumental in driving our success.

These appointments reflect LETA Capital's commitment to strengthening our work with the current portfolio as well as our plans to attract new capital for future funds. With these changes, we are bringing even more diverse and seasoned expertise to our team, enhancing our ability to provide unparalleled insights for our portfolio companies and Limited Partners.

We are confident that the addition of Vahan Mgebryan and the promotion of Sergey Toporov will be instrumental in our continued growth and success. Their combined experience will undoubtedly strengthen our position in the market and help us achieve new heights in the investment landscape.