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Georgia’s Innovation and Technology Agency

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 16
Average round size
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The average size of a deal this fund participated in
$104K
Portfolio companies 12
Rounds per year 1.60
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.25
Key employees Soon

Areas of investment

  • Software
  • SaaS
  • Information Technology
  • Industrial Automation
  • Transportation

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Kvalifika

Banking
Biometrics
Financial Services
Information Technology
SaaS
Software
$350K01 Oct 2021 -

VOOVOO

Automotive
Hardware
Information Technology
Software
$218K01 Jan 2021 Riga, Latvia

Fugo

Software
$500K01 Sep 2020 London, England, United Kingdom

STYX

Industrial Automation
Logistics
SaaS
Transportation
$60K30 Jan 2020 Tbilisi, Tbilisi, Georgia

Atrion Systems

Information Technology
Software
$32K03 Sep 2019 Tbilisi, Tbilisi, Georgia

STYX

Industrial Automation
Logistics
SaaS
Transportation
$40K31 Jul 2019 Tbilisi, Tbilisi, Georgia

STYX

Industrial Automation
Logistics
SaaS
Transportation
$40K31 Oct 2016 Tbilisi, Tbilisi, Georgia

VRex Immersive

Travel
Virtual Reality
$32K13 Jul 2016 Tbilisi, Tbilisi, Georgia

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Total investments 16
Average round size 104K
Rounds per year 1.60
Peak activity year 2019
Lead investments 4
Follow on index 0.25
Group Appearance index 0.12

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Kvalifika

Banking
Biometrics
Financial Services
Information Technology
SaaS
Software
$350K01 Oct 2021 -

VOOVOO

Automotive
Hardware
Information Technology
Software
$218K01 Jan 2021 Riga, Latvia

Fugo

Software
$500K01 Sep 2020 London, England, United Kingdom

STYX

Industrial Automation
Logistics
SaaS
Transportation
$60K30 Jan 2020 Tbilisi, Tbilisi, Georgia

Atrion Systems

Information Technology
Software
$32K03 Sep 2019 Tbilisi, Tbilisi, Georgia

STYX

Industrial Automation
Logistics
SaaS
Transportation
$40K31 Jul 2019 Tbilisi, Tbilisi, Georgia

STYX

Industrial Automation
Logistics
SaaS
Transportation
$40K31 Oct 2016 Tbilisi, Tbilisi, Georgia

VRex Immersive

Travel
Virtual Reality
$32K13 Jul 2016 Tbilisi, Tbilisi, Georgia
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