Leta’s founder and former tech entrepreneur Alexander Chachava says Russian-speaking startups based abroad are often these days overlooked and under-valued by Western VCs and investors, and I dare say he’s right. Prejudice isn’t just about skin color, as we all know.
Chachava says his fund has invested over $45 million to date since 2012, going into 30 technology companies including Synthesis AI, Unigine, InDriver, NovaKid (which I covered last year) and 365Scores.
Exits include the sale of Bright Box HK to Zurich Insurance Group in 2017, and WeWork’s acquisition of sales and marketing platform Unomy.
Chachava said: “While we are significantly broadening our geographic focus toward key global hubs, our strategy effectively remains the same: to identify exciting, high-potential technology startups and entrepreneurs, and support them in realizing their international ambitions.”