What iTech Capital does

iTech Capital is a private equity and venture capital investment manager founded in 2010 by Gleb Davidyuk and headquartered in Riga, Latvia, with additional offices in Dubai (UAE) and Larnaca (Cyprus). The firm manages two funds — iTech Fund I (launched 2011, US$100 million committed, fully invested and in its exit stage) and iTech Fund II (launched 2018, targeting Series B and beyond in globally scalable tech) — and invests across online travel and ticketing, FinTech, e-commerce, big data, AdTech, LegalTech, and SaaS. The portfolio spans 15+ countries and includes two unicorn outcomes (TradingView at a $3 billion valuation, Bitfury at $1 billion), with five to six exits achieved over the past five years including a strategic sale of TicketlandMTS to MTS and partial monetizations of TradingView to Insight Venture Partners and Tiger Global Management.

The firm operates an active-investment model in which capital is paired with strategic mentorship, board representation, and cross-portfolio networking through an Annual Investors Meeting and iTechTalk conference series. Distribution and sourcing run through direct founder relationships, a website pitch submission form, and the team's network across Russian, European, and emerging-market tech ecosystems. In 2020 iTech launched AIRR, a proprietary SaaS platform that consolidates portfolio management, real-time valuation, pipeline monitoring, automated investor onboarding and KYC, and document storage through API-driven integrations with external BI systems.

The business model combines management fees on committed and invested fund capital with carried interest from successful exits. The management-company revenue base is not publicly disclosed. Ownership rests with the founding partners, and the firm employs approximately a dozen investment, finance, legal, and operations professionals whose prior experience spans Credit Suisse, McKinsey, BCG, EY, EBRD-sponsored funds, Alfa Capital Partners, and Mint Capital.

Name

iTech Capital

Legal name

iTech Capital

Website

https://itcap.vc

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

iTech Capital is a private equity and venture capital investment manager founded in 2010 that invests globally in growth-stage internet and tech companies through Fund I ($100M) and Fund II, and operates the proprietary AIRR SaaS portfolio-management platform.

Ownership category

akta.pro rank

Product category

Private Equity and Venture Capital Fund Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

akta.pro secondary industry

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)

Keywords

• Venture capital management
• Private equity funds
• Growth capital investing
• Investment portfolio management
• Tech company investments

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management: iTech Capital operates as a private equity and venture capital investment manager. They manage two funds: iTech Fund I (launched 2011) and iTech Fund II (launched 2018). Revenue is generated through management fees and carried interest from successful portfolio exits.
2. Portfolio Company Investments: Returns generated from capital appreciation and exits of portfolio companies. The fund has achieved 6 exits over the last 5 years, including TradingView, Ecwid, TicketlandMTS, and Bitfury.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

iTech Capital is a private equity and venture capital investment manager that invests globally in tech companies at Series A stage and beyond, providing growth capital combined with strategic expertise. The firm manages two dedicated funds — iTech Fund I (launched 2011, US$100M committed) and iTech Fund II (launched 2018) — targeting Online Travel & Ticketing, FinTech, E-Commerce, Big Data, AdTech, LegalTech, and SaaS verticals. In addition, iTech Capital developed AIRR, a proprietary SaaS platform for real-time investment portfolio management, pipeline monitoring, valuation, and automated investor onboarding.

Product overview

iTech Capital is a private equity and venture capital investment manager founded in 2010, operating two funds: iTech Fund I (launched 2011, a later-stage growth fund investing in Series B and beyond) and iTech Fund II (launched 2018, a growth capital fund targeting Series B+). The funds invest globally in tech companies across online travel and ticketing, FinTech, e-commerce, big data, LegalTech, AdTech, and SaaS sectors, with portfolio presence in over 15 countries. In addition to fund management, iTech Capital offers AIRR — a proprietary SaaS platform for investment portfolio management and monitoring. AIRR consolidates data from front and back-office systems, providing real-time portfolio valuation, pipeline monitoring, automated investor onboarding and KYC, accounting consolidation, and document storage, all accessible via API with custom integration capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• AIRR: A single SaaS solution for professional investment activities, providing real-time visual reporting, portfolio management, pipeline monitoring, real-time portfolio valuation, consolidation of accounting data, automated investor onboarding, KYC procedure, and documentation storage. Developed by iTech Capital to address the gap between the world of programmers and the world of finance.

Products and services

• iTech Fund I A later-stage growth capital fund launched in 2011, investing in Series B expansion and beyond in globally scalable tech companies. Fully invested and in its exit stage, targeting online travel and ticketing, FinTech, e-commerce, big data, and marketing tech verticals. Available to qualified investors through the iTech Capital investor network.
• iTech Fund II A growth capital sector-specific fund launched in 2018, investing worldwide in globally scalable tech companies at Series B stage and beyond. Focuses on online travel and ticketing, FinTech, LegalTech, and SaaS verticals. Open for investment from qualified private investors.
• AIRR A single SaaS solution for professional investment activities that consolidates data from any front or back-office systems on a single platform. Provides real-time portfolio monitoring, pipeline tracking, NAV valuation, automated investor onboarding and KYC, accounting data consolidation, and document storage for the investment process. Built for investment managers, fund administrators, and LPs requiring institutional-grade transparency and 24/7 access to portfolio data via API.

Quantifiable outcome

• 6 exits achieved during last 5 years
• +3 more outcomes

Named customers12 records

Segments8 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

One partnership is on record.

• B1 GroupminorStrategic or Co-development Partner · 1 January 2022B1 Group (formerly EGAR Technology) is a partner at iTechTalk events, providing wealth management and technology consulting expertise.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Target Global: Target Global is a Berlin-based growth-stage tech VC investing across Europe and Israel at Series A+. Comparable to iTech in stage focus, sector mix, and active engagement approach with portfolio companies, though typically at larger check sizes.
• Runa Capital: Runa Capital is a Russian-origin VC firm investing globally in early-stage and growth-stage tech companies. Highly comparable to iTech in sector focus (SaaS, marketplaces, fintech), stage (Series A+), and CEE/Emerging-markets origination. Notably, Runa Capital was a co-investor alongside iTech in Ecwid, making them both a peer and prior co-investor.
• Almaz Capital: Almaz Capital is a transatlantic VC firm investing in Russian-born and European tech companies at Series A and beyond. Directly comparable to iTech in fund size, stage focus, and Russia/CIS origination strategy, with similar 'smart money' differentiation around cross-border scaling expertise.
• ru-Net Ventures: ru-Net Ventures is one of the longest-running Russian tech VC firms, founded by Lev Leviev. Comparable to iTech as a Russia/CIS tech VC investor with global expansion thesis and similar check-size profile at growth stages.
• AltaIR Capital: AltaIR Capital is an Israeli/Russian VC firm investing in early and growth-stage tech companies. Directly comparable to iTech in stage (Series A+), sector mix (SaaS, marketplaces, fintech), and emerging-markets-plus-Israeli deal origination.
• Skolkovo Ventures: Skolkovo Ventures manages the Skolkovo Digital Information Technology Fund and co-invested with iTech Fund II in Roistat (2019). Comparable in Russian tech focus, fund size, and stage; effectively a peer in the Russian Series A+ tech VC landscape.
• Prostor Capital: Prostor Capital is a Russian/CEE growth-stage tech VC. Highly comparable as a peer firm; iTech's Venture Partner Alexey Solovyov is also a Partner at Prostor, creating direct team-level overlap and reinforcing Prostor as a same-market peer.
• Frontier Equity Fund: Frontier Equity is a Kazakhstan-based private equity firm investing across Central Asia and CIS in growth-stage companies. Comparable to iTech in geography (emerging markets), stage focus, and active management approach, particularly relevant given iTech's portfolio exposure to Uzbekistan and Kazakhstan events.
• Vickers Venture Partners: Vickers Venture Partners is a Singapore-based early-to-growth-stage VC firm investing globally in tech. Comparable to iTech in fund size (~$100M fund range), active investment style, and globally diversified tech portfolio across multiple geographies.

Others

• European Investment Fund (EIF): EIF is a pan-European fund-of-funds investor that anchors many regional tech VC funds across CEE and Emerging Europe. Listed as an ecosystem participant rather than direct competitor — iTech's CEE focus overlaps with EIF's mandate and EIF is a potential LP source for future funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CapitalItech
• LinkedInlinkedin.com/company/itech-capital
• Facebookfacebook.com/107209426022651

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iTech Capital