TLDR:
- Ukrainian investment group Roosh partners with Canadian startup builder Tiny Studio to challenge private equity orthodoxy in Europe.
- Roosh’s investment wing Roosh X will deploy funding from $500,000 to $10m to profit-focused tech companies with over $5m in revenue.
Ukrainian venture capital group, Roosh, has launched a partnership with Canadian startup builder, Tiny Studio, with the aim of challenging the traditional private equity orthodoxy in Europe. Roosh, based in Kyiv and London, is spearheading the project through its investment wing, Roosh X, which focuses on scaling and building profitable businesses. The partnership will provide funding ranging from $500,000 to $10m and will target profit-focused tech companies with more than $5m in revenue, which currently lack traditional financing options. Roosh also plans to offer its platform of engineers, operation experts, and business strategists to the companies it invests in.
While seeking investments in various sectors, Roosh has centers of expertise in gaming, fintech, artificial intelligence, machine learning, consumer apps, marketing, and entertainment. Den Dmytrenko, co-founder and general partner at Roosh, stated that this partnership offers a different proposition compared to traditional private equity, focusing on creating cash cows rather than unicorns. The company, founded by Dmytrenko and Sergey Tokarev, gets its name from the Ukrainian word for ‘go’ or ‘rush’.
In conclusion, Roosh’s partnership with Tiny Studio represents a unique approach to venture capital investing, aiming to provide support and funding to profit-focused tech companies in Europe that are looking for alternatives to traditional financing options.
