Internet Initiatives Development Fund (IIDF)
VC
2013
$15 M
Moscow, Moscow, Russia
Profile
The Internet Initiatives Development Fund (IIDF) is a venture capital firm based in Russia. It focuses on supporting IT entrepreneurs by providing not only financial investment but also consulting services, C-level training, and strategic growth guidance. The IIDF team comprises experienced professionals, including partners and experts in various domains, who contribute to both the fund and its accelerator initiatives. IIDF distinguishes itself by offering a comprehensive suite of support services aimed at helping businesses scale rapidly through the application of technological methodologies and product development tools.
IIDF invests primarily in technologies like AI, SaaS, Fintech, and digital marketplaces, targeting both B2B and B2C enterprises. It operates with investment sizes ranging from $5 million to $200 million, supporting companies from early-stage through growth phases. The fund is one of Russia's most active venture investors, with a history of over 450 investment deals and more than 50 exits, providing resourceful backing to startups as they enter and expand across Russian and international markets.
Notable investments from IIDF include Naumen, a provider of IT solutions; Promobot, which develops autonomous service robots; TalkBank, focusing on banking solutions; Agrosignal, providing analytics for agriculture; and Robot Vera, offering AI recruitment tools.
