# iTech Capital

> iTech Capital is a VC fund in Riga backing Advertising and FinTech. See 19 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Riga, Latvia
- Total investments: 19
- Last investment: Aug 2021
- Lead investor: 68%
- Fund size: $50M
- Last fund: Feb 2019
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/itech-capital
- X (Twitter): https://twitter.com/CapitalItech
- Website: http://www.itcap.vc
- Facebook: https://www.facebook.com/pages/ITech-Capital/107209426022651?ref=ts&fref=ts

iTech Capital is a global investment manager specializing in the high growth stages of internet-based businesses since 2011. The firm has two funds under management: iTech Fund I and iTech Fund II. iTech Fund II launched in 2018, invests worldwide in globally-scalable tech companies at both the critical Series A stage and beyond. The firm has 10successful exits and 2 unicorns raised - Bitfury and TradingView, and 10+ IT holdings in the portfolio. Key investment areas: FinTech, AdTech, TravelTech, BigData, MarTech, SaaS, Health Care. For more information on iTech and all its investments, visit itcap.vc

## Contacts

5 contacts available for iTech Capital. Shizune tracks 10 team members at iTech Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/itech-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $2M–$10M |
| Series B | $4M–$43M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Advertising | 6 | 32% |
| FinTech | 2 | 11% |
| Internet | 2 | 11% |
| Marketing | 2 | 11% |
| Ad Network | 2 | 11% |

45 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 12 | 63% |
| Series B | 3 | 16% |
| Series C | 1 | 5% |
| Funding Round | 1 | 5% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Russian Federation | 7 | 37% |
| United States | 4 | 21% |
| Colombia | 1 | 5% |
| Thailand | 1 | 5% |
| United Kingdom | 1 | 5% |

6 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alexander Vavilov | Investment Analyst | 0 | https://shizune.co/investors/profile/alexander-vavilov |
| Andrey Romanenko | Shareholder | 1 | https://shizune.co/investors/profile/andrey-romanenko |
| Elina Antanovich | General Counsel | 0 | https://shizune.co/investors/profile/elina-antanovich |
| Gleb Davidyuk | Managing Partner | 10 | https://shizune.co/investors/profile/gleb-davidyuk |
| Irina Smirnova | Accountant, Compliance officer | 0 | https://shizune.co/investors/profile/irina-smirnova |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aviasales | Aviasales is the leading travel metasearch company in Eastern Europe and Central Asia — allowing users to search for air tickets, hotel accommodation and car rental.In 2021 the company achieved a gross merchandise value (GMV) of over $1.6bn and held a market share in Russia of almost 20% of all air ticket sales. During 2021 the companyattracted a series B investment round worth $43m from iTech Capital and Elbrus Capital. Since it was founded in 2007 the company now employs around 500 staff in its main offices in Thailand and Russia.In addition to its main Aviasales brand, the company also has a B2B travel technology offering including Travelpayouts (a partnership platform) and Aviastats (revenue optimisation data for airlines). | $43M | Series B | Aug 04, 2021 |  |
| Aviasales | Aviasales is the leading travel metasearch company in Eastern Europe and Central Asia — allowing users to search for air tickets, hotel accommodation and car rental.In 2021 the company achieved a gross merchandise value (GMV) of over $1.6bn and held a market share in Russia of almost 20% of all air ticket sales. During 2021 the companyattracted a series B investment round worth $43m from iTech Capital and Elbrus Capital. Since it was founded in 2007 the company now employs around 500 staff in its main offices in Thailand and Russia.In addition to its main Aviasales brand, the company also has a B2B travel technology offering including Travelpayouts (a partnership platform) and Aviastats (revenue optimisation data for airlines). | $43M | Series B | Aug 04, 2021 |  |
| Aviasales | Aviasales is the leading travel metasearch company in Eastern Europe and Central Asia — allowing users to search for air tickets, hotel accommodation and car rental.In 2021 the company achieved a gross merchandise value (GMV) of over $1.6bn and held a market share in Russia of almost 20% of all air ticket sales. During 2021 the companyattracted a series B investment round worth $43m from iTech Capital and Elbrus Capital. Since it was founded in 2007 the company now employs around 500 staff in its main offices in Thailand and Russia.In addition to its main Aviasales brand, the company also has a B2B travel technology offering including Travelpayouts (a partnership platform) and Aviastats (revenue optimisation data for airlines). | $43M | Series B | Aug 04, 2021 |  |
| Roistat | Roistat collects data from customers' CRM system, advertising channels, and their site. In seconds, Roistat builds reports according to 30+ business metrics, which provide marketing analytics from each keyword to the final sale. Roistat determines if company makes any money off their paid advertising campaigns, which in return helps companiesusing Roistat allocate their advertising budget more efficiently & increase their revenues. | $4M | Series A | Feb 04, 2019 |  |
| Bitfury Group | Bitfury is the leading full service Blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem. Bitfury develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the blockchain. | $80M |  | Jul 31, 2018 |  |
| Amulex | Amulex offers legal assistance to individuals and corporate clients. | $2M | Series A | Mar 31, 2018 |  |
| TradingView | TradingView is a network of traders and investors – powered by real-time data and market-leading analysis software. It’s a word-of-mouth success story: from TechStars in Chicago in 2013, to over 15 million monthly active site users and over 40,000 publishers, brokerages, and fintech utilizing its investing tools. TradingView is a global team ofover 200+, founded by Stan Bokov, Denis Globa, and Constantin Ivanov. In 2018 TradingView completed a $37 million Series B round led by Insight Partners, and in 2019 they acquired TradeIT in order to accelerate the company’s existing vision. | $3M | Series A | Jul 16, 2015 |  |
| Bitfury Group | Bitfury is the leading full service Blockchain technology company and one of the largest private infrastructure providers in the blockchain ecosystem. Bitfury develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the blockchain. | $20M | Series C | Jul 09, 2015 |  |
| Clickky | Clickky is a full-stack platform for mobile advertisers and publishers.Founded in 2010, with 5 offices worldwide and 40+ employees, the company is setting high standards for mobile advertising.Clickky offers both programmatic and performance solutions, while currently focusing on the development of its own SSP and RTB Marketplace.Clickkyprovides products both for monetization and user acquisition, including an API solution AdExchange, which the company operates since 2015, and remnant traffic monetization tool Smartlink.In 2016, Clickky launched a programmatic monetization platform for publishers as well as a self-serve platform for mobile advertisers, helping ad networks and app developers launch mobile ad campaigns in 5 minutes. | $2M | Series A | Apr 29, 2015 |  |
| Ecwid | Ecwid is an e-commerce platform that enables individuals and businesses to add a full-featured store to any existing website while preserving its design. It can be integrated into any online website, mobile site, or social network. It helps merchants converge their offline and online sales through its POS and mobile POS integration, so they cansell their products anywhere, at any time, and from any device.Ecwid provides online selling solutions for small businesses and enables them to establish a digital storefront in a matter of hours. It also offers merchants access to key marketplaces, including Amazon and Google, access to a range of point-of-sale solutions, and the ability to advertise and sell on social media channels such as Instagram and Facebook. | $5M | Series B | May 28, 2014 |  |

10 of 19 investments shown.

## Co-investors
- [Elbrus Capital](https://shizune.co/investors/profile/elbrus-capital) — VC Fund, 3 deals together
- [COIND](https://shizune.co/investors/profile/coind) — VC Fund, 1 deal together
- [Crowd Venture Capital](https://shizune.co/investors/profile/crowd-token-fund) — VC Fund, 1 deal together
- [Dentsu](https://shizune.co/investors/profile/dentsu) — VC Fund, 1 deal together
- [DRW Venture Capital](https://shizune.co/investors/profile/drw-venture-capital) — VC Fund, 1 deal together
- [Galaxy Digital](https://shizune.co/investors/profile/galaxy-digital-lp) — VC Fund, 1 deal together

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## FAQ

### What does iTech Capital invest in?

iTech Capital invests primarily in Advertising, FinTech and Internet startups, most often at Series A and Series B stage. Most of the 19 investments tracked by Shizune back companies in Russian Federation. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is iTech Capital's check size?

iTech Capital typically joins rounds of $2M–$10M at Series A and $4M–$43M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds iTech Capital participates in.

### How do I contact iTech Capital?

Public channels for iTech Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at iTech Capital?

The team at iTech Capital includes Alexander Vavilov (Investment Analyst), Andrey Romanenko (Shareholder) and Elina Antanovich (General Counsel), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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