The TealTech investment group has launched a new 3Streams fund for investments in companies that have created their own product and sell products on the markets. During the year, the company intends to invest 250 million rubles in 12 local brands. This was reported to RB.RU in the press service of the Civil Code.
3Streams will be managed by Fedor Yakovlev, Nikolai Popovich, and Elena Khobotova, who also lead the Startup Lab team.
The Fund will invest in projects that have:
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own product with a unique value in a niche of 30 billion rubles;
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turnover from 30 to 600 million rubles;
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50% year-over-year growth.
3Streams will invest in the equity of portfolio projects in exchange for one share, in the future it may lend to portfolio projects. The Fund will also help launch the Beyond Taylor management system, which, among other things, enabled VkusVill to scale rapidly.
The fund has already closed the first deal: it invested in the manufacturer of children’s furniture Drug Kuzya. The deal amounted to 10 million rubles. The money will be used to expand the line of products aimed at the growth and development of the child.
Author:
karina pardaeva
Source: RB
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