AKTIVO

What AKTIVO does

AKTIVO is a Russian crowdinvesting platform for collective investment in commercial real estate, founded in 2015 by Oskar Hartmann and headquartered in Moscow. The company structures investments through Closed-End Mutual Real Estate Investment Funds (ЗПИФН/ZPIFN) governed by Federal Law 156-FZ and managed by its wholly-owned subsidiary UK «Aktivo-Kapital», which holds Bank of Russia License No. 21-000-1-01174 issued February 5, 2026. Investors purchase fund units (паи) starting from 200,000 RUB to receive proportional ownership in commercial properties and monthly rental income distributions, with a target yield of up to 23% per annum.

The core product is a regulated web-based investment portal — the «Личный кабинет» (Personal Account) accessible via desktop and a mobile application on iOS/Android — that supports investor registration, fund browsing, portfolio tracking, document retrieval, and transaction execution, plus a demo account for prospective investors to review historical returns. Underlying fund assets include 14+ commercial real estate objects across 150,328 m² of supermarkets, shopping centers, logistics warehouses, and office buildings, with anchor tenants such as Wildberries, Lenta, Pyaterochka, Magnit, Diksi, Delovye Linii, and Russian Railways. The product suite has expanded beyond traditional commercial ZPIFNs to include AKTIVO Flipping (a premium Moscow apartment flipping fund), Bali villa/apartment investments through partner OceaniQ, and an art investment vertical in partnership with the Postrigay Gallery. Secondary market liquidity is provided via MOEX listings distributed through seven Russian broker platforms (Alfa-Investitsii, SberInvestitsii, BCS, Finam, Raiffeisen, VTB, ATON).

The business model combines recurring asset-based management fees on 12.5B RUB AUM, transaction/entry commissions on new fund raises and secondary market trades, property sales commissions for Bali villas, and commissions on art transactions. A premium investor tier (Liberty Club) serves HNW investors with 10M+ RUB portfolios through priority deal access, family-level benefits at 100M+ RUB, and exclusive events. Distribution relies on a hybrid motion — direct-to-consumer self-serve via the Personal Account, inside-sales through personal managers, and broker-mediated MOEX trading — supported by digital marketing on Telegram, YouTube, and a content blog. The company operates with 11-50 employees and reports 5.35B RUB paid out to investors since inception, with trailing-12-month fund revenue of 1.73B RUB (pass-through rental income). No external funding rounds or institutional investors have been disclosed; AKTIVO appears bootstrapped via fund operations and controlled by founder-president Oskar Hartmann.

Name

AKTIVO

Legal name

Общество с ограниченной ответственностью «АКТИВО» (ООО «АКТИВО»)

Website

https://aktivo.ru

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

AKTIVO is a Russian crowdinvesting platform, founded in 2015, that structures collective investment in commercial real estate through Bank-of-Russia-licensed closed-end funds (ZPIFNs), serving 3,000+ retail investors across Russia and select international markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Crowdfunding

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industries

Real Estate Funds — Opportunistic / Development (FSANAEAI), Real Estate Fundraising Placement (REPE/REIT/Property Funds) (FSAEALAD)

Keywords

• Commercial real estate investing
• Crowdinvesting platform
• Real estate investment funds
• Passive rental income
• Collective property investment

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Management Company Fees (Комиссии УК): AKTIVO acts as a finder/advisor to УК «Активо-Капитал», which manages the ZPIFN funds. Revenue is derived from management fees charged to fund assets and potentially performance fees. The company earns commissions on investment transactions and ongoing fund administration.
2. Entry/Transaction Fees: Revenue generated from investors purchasing fund units at initial offering or on secondary markets. Discounts via Liberty Club affect unit pricing, with lower purchase prices yielding higher effective yields.
3. Art Investment Platform: AKTIVO offers an art investment vertical through a partnership with the Postrigay Gallery, enabling purchase of artworks as an alternative asset class. Commission is earned on art transactions.
4. Bali Real Estate Sales: Direct sale of villas and apartments in Bali, Indonesia (OceaniQ project) with prices ranging from $176,000 to $1,464,000. Revenue derived from property sales transactions.
5. ZPIFN Rental Income Distributions: Fund assets generate monthly rental income from commercial tenants (supermarkets, shopping centers, warehouses, office buildings). Income is distributed to unit holders after deducting management fees, taxes, and operational expenses. Target yield up to 23% per annum.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

AKTIVO operates Russia's first and largest crowdinvesting platform for collective investment in commercial real estate through Closed-End Mutual Real Estate Investment Funds (ЗПИФН/ZPIFN). Investors purchase fund units starting from 200,000 RUB to gain proportional ownership of commercial properties (supermarkets, shopping centers, warehouses, business centers) and receive monthly rental income distributions. The platform also offers Bali real estate investments, art investment through the Postrigay Gallery partnership, and a Liberty Club for high-net-worth investors.

Product overview

AKTIVO is a Russian crowdinvesting platform for collective investment in commercial real estate, founded in 2015 by Oskar Hartmann. The core product is a structured offering of 16+ closed-end real estate funds (ЗПИФН/ЗРПИФ) covering retail, warehouses, logistics, office, and residential properties across Russia. These funds are organized by UK 'Aktivo-Kapital' (licensed by the Bank of Russia), and units can be purchased online through the Personal Account platform starting from 200,000 rubles with monthly income distributions. The product suite also includes: the AKTIVO mobile app for iOS/Android, a Demo Account for historical performance review, the Liberty Club for investors with portfolios above 10 million rubles (providing priority deal access and personalized conditions), Bali premium real estate investment (villas and apartments in Indonesia from $176,000 with installment plans), and a joint art investment program with the Postrigay Gallery (painting, graphics, sculpture collection). The platform operates broker partnerships enabling fund unit purchases through Sberbank, Alfa-Bank, BCS, Finam, Raiffeisen, VTB, and AT ON on the Moscow Exchange.

Differentiator

Problem solved

Functional benefit

Brands

• AKTIVO Liberty: Closed community for investors in real estate with portfolio size from 10 million rubles, offering exclusive investment opportunities and priority participation in deals.

Products and services

• ZPIFN 'Aktivo One' (A-01) — Closed-End Real Estate Fund holding Pyaterochka supermarket in Lyubertsy, Moscow region Closed-end real estate fund holding a Pyaterochka (X5 Group) supermarket in Lyubertsy, Moscow region. One of the earliest AKTIVO funds, operating since 2015. Investors receive monthly rental income distributions from the supermarket tenant.
• ZPIFN 'Aktivo Twenty' (A-20) — Closed-End Real Estate Fund holding TC 'Samolet' shopping center in Ulyanovsk Closed-end real estate fund holding TC 'Samolet' shopping center in Ulyanovsk. Listed on Moscow Exchange for secondary trading. Rated B.
• ZPIFN 'Aktivo Twenty One' (A-21) — Closed-End Real Estate Fund holding Chkalovsky warehouse in Yekaterinburg Closed-end real estate fund holding Chkalovsky warehouse in Yekaterinburg. Leased to Delovye Linii (Business Lines), one of Russia's leading transport logistics operators serving 66 countries. Rated B+. ISIN: RU000A10CLY1.
• ZPIFN 'Aktivo Twenty Two' (A-22) — Closed-End Real Estate Fund holding Raevskaya logistics park in Krasnodar Closed-end real estate fund holding Raevskaya logistics park in Krasnodar region. Multi-temperature warehouse complex leased to Wildberries (anchor tenant serving Black Sea coastline from Taman to Sochi, 400+ km), Lenta, and Interlogistika. Rated A-. ISIN: RU000A10E3R7.
• ZPIFN 'Aktivo Twenty Three' (A-23) — Closed-End Real Estate Fund holding BC 'Europa Building' in central Moscow Closed-end real estate fund holding BC 'Evropa Building' office property in central Moscow. Rated A-. Project readiness 99%. Total fund value 1,039,214,781 RUB, area 1,933 m².
• ZPIF 'Aktivo Flipping' — First Russian fund for flipping premium-class apartments in Moscow First Russian ZPIF focused on flipping premium-class apartments in Moscow. Fund size 414 million rubles, IRR target 27% over 3 years, minimum entry from 630,665 rubles. ISIN: RU000A10ATA8.
• Bali Villas and Apartments (OceaniQ) Premium villas and apartments in Nusa Dua, Bali, Indonesia. 7 projects total; 2 already delivered. Property prices from $176,000 to $1,464,000. Installment plans available with 35% down payment and quarterly installments over up to 3 years. IRR 13.1-14.7% per annum. Managed rental income with 10-year structural warranty and 25-year leasehold rights.
• Art Investment (AKTIVO + Postrigay Gallery) Joint project with the Postrigay Gallery for investing in artworks. Enables purchase of paintings, graphics, and sculptures from established and contemporary artists. Special terms for Liberty Club members. Gallery provides art consulting, collection building, interior work, cultural events, and corporate art events.
• AKTIVO Liberty Club Closed community for high-net-worth investors with portfolio of 10+ million rubles. Benefits include priority access to investment deals, family privileges, personalized conditions, club discounts, and exclusive invitations to private art events and cultural events. Family portfolios from 100M RUB grant Liberty status to all family members.

Quantifiable outcome

• 12.5 billion RUB in assets under management
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core.

• РЕСО-Гарантия (RESO-Garantia)coreOthers · 1 January 2026Insurance partner providing property insurance coverage for real estate assets within ZPIFN funds. If properties are damaged, the fund receives compensation. Part of AKTIVO's risk management framework.
• Альфа-Страхование (Alfa-Strakhovanie)coreOthers · 1 January 2026Insurance partner providing property insurance coverage for real estate assets within ZPIFN funds. Part of the multi-partner insurance program alongside RESO-Garantia, Ingosstrakh, and Sberbank Insurance.
• Ингосстрах (Ingosstrakh)coreOthers · 1 January 2026Insurance partner providing property insurance coverage for real estate assets within ZPIFN funds. Part of the multi-partner insurance program.
• Сбербанк Страхование (Sberbank Insurance)coreOthers · 1 January 2026Insurance partner providing property insurance coverage for real estate assets within ZPIFN funds. Part of the multi-partner insurance program alongside RESO-Garantia, Alfa-Strakhovanie, and Ingosstrakh.
• Галерея Анастасии Постригай (Postrigay Gallery)coreStrategic or Co-development Partner · 1 January 2025Joint project for art investments. The gallery provides curated contemporary artworks (Russian and international artists) while AKTIVO investors gain access to art as an alternative investment asset class. Gallery founder Anastasia Postrigay is an art historian with 20 years of experience, author, and TV/radio personality with 1M+ social media subscribers. Services include art consulting, collection building, interior work, cultural events, and corporate art events. Liberty Club members receive special terms.
• OceaniQ (Bali Developer)coreStrategic or Co-development Partner · 1 January 2025Developer partner for Bali villa and apartment projects (OceaniQ Villas). Handles construction, property management, and rental operations. Provides 10-year structural warranty and 2-year waterproofing warranty. Leasehold rights of 25 years with 50-year renewal option. Manages daily rentals with 25% commission (daily rentals) or 10% (monthly rentals).
• Альфа-Инвестиции (Alfa-Investitsii)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units. Investors can purchase and sell AKTIVO fund units through their Alfa-Investitsii brokerage accounts.
• СберИнвестиции (SberInvestitsii)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• БКС Мир Инвестиций (BCS Mir Investitsiy)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• Финам (Finam)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• Райффайзен Инвестиции (Raiffeisen Investitsii)Channel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• ВТБ Мои Инвестиции (VTB Moi Investitsii)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• АТОН (ATON)coreChannel Partner/ Reseller/ Distributor · 1 January 2024Broker platform partner on MOEX for secondary market trading of ZPIFN fund units.
• УК Активо-Капитал (Aktivo Capital Management Company)coreStrategic or Co-development Partner · 1 January 2015The management company that forms and manages the ZPIFN funds under Bank of Russia license № 21-000-1-01174. AKTIVO (OOO) acts as finder/advisor to the management company, identifying and presenting investment opportunities to investors.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Т-Инвестиции (T-Investments / Tinkoff Investments): Russia's largest retail brokerage platform by active accounts, offering securities, structured products, and a broad investment marketplace through MOEX. Adjacent incumbent that could expand into pooled real estate products, directly competing with AKTIVO's ZPIFN distribution.
• Etalon Group: One of Russia's largest residential real estate developers, listed on the London Stock Exchange. Operates as a broad incumbent in the Russian RE market and overlaps with AKTIVO's Russian property focus, but does not specialize in crowdinvesting pooled funds.

Direct peers

• Fundrise: U.S. real estate crowdinvesting platform offering eREITs and interval funds to retail investors with low minimums and online portfolio management. Directly comparable to AKTIVO in business model: pooled RE vehicles, online investor portal, and recurring management fees on AUM.
• CrowdStreet: U.S. commercial real estate investing platform offering individual deals and managed portfolios to accredited investors. Comparable to AKTIVO's commercial RE focus, online investor experience, and reliance on institutional-quality deal flow.
• EstateGuru: European (Estonia-based) real estate financing and investing marketplace providing short-term bridge loans and selected investment opportunities. Comparable as a European peer operating a structured online platform for RE-linked investor returns.
• RealtyMogul: U.S. real estate crowdfunding platform serving both accredited and non-accredited investors with pooled REITs and individual property deals. Comparable to AKTIVO's ZPIFN model of pooled commercial property investment via a managed fund structure.
• Yieldstreet: U.S. alternatives platform offering income-focused products including real estate, art, and private credit to retail investors. Overlaps with AKTIVO's commercial RE, Bali, and art investment verticals and similar target audience of yield-seeking non-qualified investors.
• Assetz Capital: UK peer-to-peer and structured investment platform with a real estate focus, offering pooled and individual deals to retail investors. Comparable to AKTIVO in providing a regulated online channel for property-linked investor products.
• Rich Uncles: U.S. online real estate platform offering eREITs to non-accredited investors with monthly distributions from commercial property portfolios. Comparable to AKTIVO in low-minimum, retail-accessible pooled RE funds and emphasis on passive income.
• Property Partner: UK real estate crowdinvesting platform offering fractional ownership of residential and commercial property via nominee structure. Closely comparable to AKTIVO in enabling small-ticket collective ownership of income-producing real estate.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/aktivo_rus
• Facebookfacebook.com/aktivo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about AKTIVO