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The Internet Initiatives Development Fund (IIDF) is a venture fund based in Russia, established to support IT startups. It has invested in over 450 companies and operates with a team focused on making the Russian market accessible for internet-based businesses.
IIDF invests in IT startups at pre-seed, seed, and Series A stages, providing funding and resources to help them grow. The fund's programs include an accelerator for IT companies and a free acceleration program called Sprint, aimed at enhancing startup capabilities and market adaptability.
Notable companies in IIDF's portfolio include Aimoto (Кнопка Жизни), a manufacturer of smart children's watches; DocsInBox, which automates document flow for restaurants; Pravo.tech, a leader in LegalTech; Brandquad, a digital shelf management platform; Ubic Technologies, specializing in traffic analysis; and PIM Solutions, a fintech startup automating delivery service interactions.
Email your pitch deck to info@iidf.ru for consideration.
IIDF runs an accelerator program specifically for IT companies, along with a free acceleration program called Sprint, designed to help startups enhance their business strategies and market presence.
IIDF typically participates in funding rounds but may lead depending on the specific opportunity and the startup's needs.
IIDF is open to follow-on investments, particularly for startups that demonstrate growth and potential in their respective markets.
The specific size of IIDF's current fund is not disclosed, but it has a significant portfolio of over 450 companies.
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