About SOL Ventures
SOL Ventures is a venture capital firm founded in 2013. It is primarily based out of Nicosia, Cyprus. As of Jun 2019, SOL Ventures has invested in 7 companies. It primarily invests in Seed round in Russia based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and EdTech. Most recently it participated in the $***** Seed round of iGloble Overall, SOL Ventures portfolio has seen 1 acquisition, namely CoFoundersLab. A lot of funds co-invest with SOL Ventures, with names like Petra Weise sharing a substantial percentage of its portfolio. SOL Ventures has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
SOL Ventures' List of Top Investments
SOL Ventures has a portfolio of 7 companies. Their most notable investments are in iGloble and iGooods.Their portfolio spans across Russia, United States, Armenia and 2 more locations. They have invested in Consumer, Enterprise Applications, EdTech and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by SOL Ventures:1. iGooods
iGooods is an online platform for grocery ordering and delivery. Customers can select the listed items from the website and software application. Offers online payment, cash-on-delivery & delivery time scheduling option. Also delivers food items.
Key facts about iGooods
- Founded Year: 2014
- Location: Babylon (United States)
- Stage: Series A
- Total Funding till date: $6.88M
- Employee Count: 15 as on Sep 30, 2026
- Investors: SOL Ventures, Ingria-Startup and 6 Others
- Latest Funding Round: Series A, Aug 28, 2019, $*****
- Highlight: Editors' Pick
Key facts about Menu Group UK
- Founded Year: 2012
- Location: Armenia
- Stage: Deadpooled
- Total Funding till date: $3.72M
- Employee Count: 13 as on Sep 30, 2026
- Investors: Granatus Ventures, SOL Ventures and 1 Other
- Latest Funding Round: Series A, Oct 19, 2017, $*****
Puzzle English is a web platform for learning English. Focusses on listening comprehension. Content includes movies, videos, exercises and more. Claims to have 300+ video tutorials on grammar. Provides a dashboard for students to organize vocabulary, video clips, exercises and more. Works on the subscription-based pricing model. Has three mobile apps, TV series, which provides translations and phrases for new series. Duel, which is a gamified platform for learning English words. Puzzle English, which has a dictionary and training for English by listening.
Key facts about Puzzle English
- Founded Year: 2010
- Location: Moscow (Russia)
- Stage: Seed
- Employee Count: 31 as on Aug 31, 2026
- Investors: Genezis Technology Capital and SOL Ventures
- Latest Funding Round: Seed, Nov 12, 2015, $*****
- Highlight: Editors' Pick
4. iGloble
Provider of an AI and cloud-based data analytics platform for IoT applications. The platform connects data-generating GPS and non-GPS devices and analyses big data. iPrediction is a platform that does historical trending and the correlation analysis of data. iPrescription platform predicts component failures and uses a dashboard to share information on maintenance and repairs. Can be used for connected automobile, connected home and health.
Key facts about iGloble
5. AutoSpot
AutoSpot is an online B2C listings portal for new cars in Russian locations. The platform enables car dealers to list their offerings/deals and market it to prospective customers. Users can view availability, prices of cars in showrooms and discover deals. Additionally, users can also schedule a meeting at the dealership.
Key facts about AutoSpot
- Founded Year: 2013
- Location: Moscow (Russia)
- Stage: Series A
- Total Funding till date: $7.6M
- Employee Count: 40 as on Sep 30, 2026
- Investors: Mitsubishi Corporation, SOL Ventures and 4 Others
- Latest Funding Round: Series A, Sep 11, 2018, $*****
- Highlight: Editors' Pick
SOL Ventures' Year-on-Year Investment Trends
SOL Ventures has invested in 7 companies over the last 13 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in iGloble and most recent follow-on round was in DrinkAdvisor.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
SOL Ventures' Investments by Stage
SOL Ventures has made 3 investments in Seed stage with an average round size of $472K and 3 investments in Series A stage with an average round size of $2.66M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Note: We have considered here, only first round of investments
SOL Ventures' Investments by Sector
SOL Ventures has a diverse portfolio, with companies operating in the Consumer, Food and Agriculture Tech, Auto Tech, Gig Economy and Auto. Notably, it has invested in 7 Tech companies, 5 Consumer (B2C) companies, 3 Software companies and at least 2 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 3 |
Food and Agriculture Tech | 3 |
Auto Tech | 2 |
Gig Economy | 2 |
Auto | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
SOL Ventures' Investments by Geography
SOL Ventures has made most investments in Russia (2), followed by Armenia where it has made 1 investment.Country | No. of Investments |
|---|---|
Russia | 2 |
Armenia | 1 |
Cyprus | 1 |
India | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
SOL Ventures' recent investments
SOL Ventures has not made any investment in 2026 so far.Here are the most recent investments by SOL Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 05, 2019 | India | Seed | 4998 | - | |
Jun 06, 2018 | United States | Series A | 7344 | [+4] | |
Oct 19, 2017 | Armenia | Series A | 4271 | ||
Jun 07, 2016 | Cyprus | Series A | 2750 | - | |
Nov 12, 2015 | Russia | Seed | 7119 |
Acquired companies in SOL Ventures' Portfolio
1 company from SOL Ventures' portfolio has been acquired. The most recent acquisition was CoFoundersLab in Apr 2018 by Business Rockstars for $*****.Here are SOL Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 11, 2018 | - | - | 2460 |
Team profile of SOL Ventures
SOL Ventures has a team of 1 member located in Russia. SOL Ventures' team does not sit on the board of any company as of now.Co-investors of SOL Ventures
Over the past 13 years, 15 investors have co-invested in SOL Ventures's portfolio companies. This includes funds and angels.
- Invested before SOL Ventures: Granatus Ventures and Rajat Gupta have invested in rounds before SOL Ventures. There is 1 company where Granatus Ventures has invested before SOL Ventures and 1 company where Rajat Gupta has invested before SOL Ventures.
- Top Co-investors of SOL Ventures: 9 investors entered a company along with SOL Ventures. These include investors like Petra Weise (1 company).
- Invested after SOL Ventures: A total of 4 investors have invested in SOL Ventures's portfolio after their investments. Top Investors include Joom (1 company), Lime Capital Partners (1 company) and Mitsubishi Corporation (1 company).
Recent News related to SOL Ventures
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Mitsubishi Corp. and Mail.Ru Group invest in car selling site AutospotEast-West Digital News•Sep 15, 2018•Autospot, AutoSpot, Fastlane Ventures, SOL Ventures
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Russian supermarket delivery service attracts $1.9 million from local investorsEast-West Digital News•Jun 06, 2018•iGooods, SOL Ventures, Andrey Brovtsinov, Andrey Brovtsinov and 3 others
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Food delivery startup Menu Group raises $3 millionTech.eu•Oct 19, 2017•Menu Group UK, Perea Capital, SOL Ventures
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RockThePost and CoFoundersLab merge to create Onevest |FinSMEsFinSMEs•Jul 18, 2014•Mid Atlantic Angel Group, Talent Equity Ventures, Fortify Ventures, Militello Capital and 3 others
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RockthePost & CoFoundersLab Merge to Create One-Stop Shop for Equity Crowdfunding: OnevestCrowdfund Insider•Jul 16, 2014•Mid Atlantic Angel Group, Talent Equity Ventures, Fortify Ventures, Militello Capital and 3 others
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