The Digital Future VC firm has sold its shares at Preply, Attendify, SOC Prime, and partly at Rallyware. Venture capital firm reps told this to AIN.UA editors.
All exits were profitable, with returns up to x25. After the successful exits, Digital Future restarted its startup search and evaluation and is ready for new investments into promising projects.
“I see here an important signal to the Ukrainian ecosystem. Usually, you have a rare chance to exit an investment with profit. You can wait for a positive exit for 13 years on average. I want to make an example from our fond to show Ukrainian startups and the whole community that they can make money here. Moreover, such exits make our country more attractive to foreign investors,” noticed Oleksii Vitchenko, the founder of Digital Future.
- The share at Preply was sold to its new investors. After the investment in 2016, Preply became the tutorial giant that increased its volume from tens of thousands of hours a month to tens of thousands of hours a day. Preply successfully closed the $35 million Series B round in 2021 and multiplied its income during the pandemic.
- Attendify became a respected solution for developing mobile apps for large events with big clients like Google, PepsiCo, and Harvard University. The pandemic influenced Attendify to adapt to the online event industry. In 2021, Attendify was acquired by Hopin, one of the online event market leaders and one of the fastest-growing companies ever.
- SOC Prime built the world’s largest cyber threat detection marketplace where the experts give their “prescriptions” to detect threats automatically, and clients get updates for their systems. The startup describes its Detection-as-Code marketplace as “Spotify for cyber threats.” In October 2021, SOC Prime secured $11 million from Streamlined Ventures and Rembrandt Venture Partners.
- Digital Future partially exited Rallyware; their partnership increasingly grows in the enterprise digital transformation. Rallyware is a performance enablement platform that analyzes real-time performance data of all employees and discovers their skill gaps. Based on the data, Rallyware automatically develops personal training and practical programs for every single employee. It results in a 32% increase in their performance on average. Among its clients are Samsung, Avon, Tupperware, Vonage, NuSkin, and many others. In October 2021, Rallyware raised $22 million from PeakSpan Capital.
About Digital Future
Digital Future is a Ukrainian venture capital firm that invests in seed and early-stage companies. The main criteria for investments are a scalable business model in the US and EU markets, a team, and global ambitions. The firm was launched in 2014, and so far, it has over 30 companies and seven exits in its portfolio, with average deal amounts ranging from $50,000 to $350,000.
- The investments: BeLive, Let’s Enhance, Petcube, PromoRepublic, Reply.io, Salo, Serpstat, SignaLayer, Softcube, SplitMetrics, YouAppi, YouTeam.
- The exits: Mobify (Jeapie), Friendlydata, Coureon, Preply, Attendify, SOC Prime, and Rallyware.