Internet Initiatives Development Fund (IIDF)

Investor type

VC

Founded

2013

AUM

$15 M

Location

Moscow, Moscow, Russia

Investment Ticket

$5-10 m

Investment Stage

Series B Series A Seed Late Stage (Series C+)

Region of investment

Europe North America Middle East Asia
Investor profile last updated: 21 August, 2026

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.

Industry

Machine Learning (ML) Deeptech AgriTech HRTech HealthTech VR/AR LegalTech Internet of Things (IoT) PropTech / ConTech Cybersecurity CleanTech Technology MedTech AI Blockchain/Crypto Transportation Software Security SaaS Robotics Retail Mobile/Apps Media and Entertainment IT Services Internet and Web Services Healthcare Services Hardware Gaming Foodtech Fintech E-commerce/Marketplace Edtech Education Consumer Services (B2C) Business Services (B2B)

Contacts

Name
Title
Email
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Kirill Varlamov General Partner
General Partner
k•••@•••
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Ilya Korolev Portofolio director
Portofolio director
i•••@•••
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Investment-team contacts for Internet Initiatives Development Fund (IIDF) — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Internet Initiatives Development Fund (IIDF)

Internet Initiatives Development Fund (IIDF) is a venture capital firm. It backs companies at Series B, Series A, Seed and Late Stage (Series C+), writing tickets of $5-10 m.
Internet Initiatives Development Fund (IIDF) is located in Moscow, Moscow, Russia.
Internet Initiatives Development Fund (IIDF) was founded in 2013.
Internet Initiatives Development Fund (IIDF) invests in companies and startups in Machine Learning (ML), Deeptech, AgriTech, HRTech, HealthTech, VR/AR, LegalTech, Internet of Things (IoT), PropTech / ConTech, Cybersecurity, CleanTech, Technology, MedTech, AI, Blockchain/Crypto, Transportation, Software, Security, SaaS, Robotics, Retail, Mobile/Apps, Media and Entertainment, IT Services, Internet and Web Services, Healthcare Services, Hardware, Gaming, Foodtech, Fintech, E-commerce/Marketplace, Edtech, Education, Consumer Services (B2C), Business Services (B2B).
Internet Initiatives Development Fund (IIDF) invests in companies and startups in Europe, North America, Middle East, Asia.
Internet Initiatives Development Fund (IIDF) invests in companies and startups at Series B, Series A, Seed, Late Stage (Series C+).
Internet Initiatives Development Fund (IIDF) usually invests $5-10 m on average.
Internet Initiatives Development Fund (IIDF) has around $15m assets under management.
Internet Initiatives Development Fund (IIDF) can be reached through its website iidf.vc, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Internet Initiatives Development Fund (IIDF) — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.