Ukrainian Roosh technology holding is launching a new investment arm, Roosh X. It will invest up to $10 million in profitable businesses, — Forbes Ukraine reports.
Roosh will enter into deals in partnership with the Canadian venture capital firm Tiny Studio. The focus is on profitability-oriented tech companies from Europe and the US, Roosh’s press service said. Roosh X and Tiny Studio will focus on equity investments in tech startups. The estimated check is from $0.5 million to $10 million.
The partners will consider businesses with an annual revenue of $5 million or more. In addition to funding, portfolio companies will receive operational support, assistance in scaling and entering new markets. Roosh X focuses on European and American companies from the fields of machine learning, artificial intelligence, gaming, fintech, consumer and entertainment applications, digital marketing, etc. In 80% of cases, Roosh X will target businesses that are not yet ready for classic private equity funds, says Denis Dmitrenko, co-founder and partner of Roosh.
