Mikhail Fridman has invested $200 million in Uber

Mikhail Fridman has invested $200 million in Uber

Investment group LetterOne (L1) invested $200 million in the service to order a taxi through the mobile app Uber, said in a statement L1. When the holding invested in an American company and what proportion got in the release is not specified.

Investors attracted L1 in Uber “talented management” with “the necessary skills and vision” for turning the company into “one of the most distinguished technology businesses in the world,” given in the message words of the Chairman of the Board of Directors of the holding company Mikhail Fridman. Why is L1 important expertise in emerging markets, said the founder of the service Travis Kalanick. Additional comments from the press service of Uber in Russia, abstained.

Investments in Uber were made through the company Technology L1 — unit, created by holding L1 in April 2015 for the transactions in the technology industry. Managing partner L1 Technology Alexey Reznikovich in the spring of last year told the Financial Times that the company has about $16 billion that can be increased at the expense of credit funds up to $25 billion In Advisory Board L1 Technology includes immigrants from Skype and Google, wrote .

The average size of L1 investment in technology projects is $100-500 million, according to a press release. “Our goal is investment in young but already manifested itself business. We focus on investments in innovative and “exciting” technology,” says Reznikovich.

One of the first Russian players became venture Fund Caspian VC of the owner of the Summa group of Ziyavudin Magomedov. The representative of the Caspian VC did not disclose when the Fund has invested in taxi service, and did not name volume of investments. The average tranche size Caspian VC ranges from $1 million to $5 million, said earlier managing Director of the Fund William shore.

In January of this year found that Uber investor also is the USM holding Alisher Usmanov. A source close to USM, then told that the holding company took part in the latest round of funding American startups in the summer of 2015 and has invested “tens of millions of dollars”. At that time, the evaluation of all of the company amounted to $51 billion, he said. In December 2015, investors valued Uber in $62,5 billion Service, which operates in 400 cities around the world in 68 countries, headed by top most valuable startups in the world.

In December of 2015 in Russia for the first time came top executives of Uber, including Vice President Ryan graves.. In an interview, graves was told that Russia is one of the priority markets for further development of the service, and plans to launch Uber in ten new cities of Russia (now the company is represented in seven Russian cities).