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ICU Ventures
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We invest in fast-growing technology companies worldwide
Team
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Giles Farley
Co-head
Emerging Markets Fintech
Who we are and what we believe in?
We are the venture arm of the ICU Group, an independent international investment company specializing in emerging markets.
We passionately believe in the power of technology to unlock the hidden potential of emerging markets. We invest in incredible founders with ambitious dreams who are working to realize this potential and create breakthrough companies worldwide. Since 2018, we have made over 30 investments, ranging from $200k to $5m depending on the stage of investment.
We have invested across four continents. We keep an open mind and never stop being amazed by the world around us. We love learning about innovative technologies, exploring new business models, studying new markets, and, of course, making new friends.
Our Strategy
We focus our investments on two strategic directions – global software and emerging markets fintech.
In the global software space, we are interested in deep tech, mobility, and enterprise software. We also often collaborate with founders who have roots in Eastern Europe.
In the fintech space, we invest in companies providing credit and financial services to populations in Asia, Africa, and Latin America. We also target companies building the next generation of financial infrastructure for these fast-growing markets.
We invest more than just capital. We provide founders with access to our global network, facilitating the exchange of experiences, insights, and opportunities.
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Roman Nikitov
Co-head
Companies:
Petcube 3DLOOK Respeecher Competera Datrics Revenue Grid Adwisely TRAX LaundryheapRoman Nikitov has more than15 years of experience in investment banking and corporate finance. He joined the ICU team from UniCredit, where he was heading the Corporate Finance Advisory team in Ukraine. Prior to that, he served as a director in ING’s corporate finance team.
During his time at UniCredit and ING, Roman led and took part in significantly contributed to a number of major transactions. These included a private placement of Ukraine’s largest pharmaceuticals wholesaler, a leveraged buy-out and follow-on capital raise for one of the largest alcohol producers in Ukraine, the acquisition of a large Ukrainian hard cheese producer as well as a number of public offerings on the Warsaw Stock Exchange, among which was Ukraine’s largest vegetable oil producer.
Prior to joining ING, Roman worked at Ernst & Young in the audit department in Kyiv Kyiv from 1999 to 2003. In 2003, he moved before moving to the corporate finance department in Moscow to focus on M&A, project finance, and restructuring projects. He returned to Kyiv in 2005 to lead Ernst & Young’s Transaction Support department., executing financial analysis, pre-acquisition due-diligence and IPO documentation projects.
Roman received a BBA degree in Enterprise and IT Management from International Christian University (Kyiv-Vienna) in 1999. He qualified as a chartered certified accountant in 2002 (ACCA) and completed Executive Leadership Development Program at Stanford Graduate School of Business in 2019.
Roman speaks English, Ukrainian, Russian and has basic Polish skills.
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Giles Farley
Co-head
Companies:
Grabr Hivecell Playermaker C8 SmartCommerce Good Money Gorillas Nagad Finja Akulaku Jenfi Hubpay GringoGiles Farley co-leads ICU's technology and venture capital investment activities. He also serves on the board of Synbias Pharma Ag, a Swiss pharmaceutical manufacturer.
From 2013 to 2014, he served as interim CFO/COO for a distressed Prague-based real estate investment fund with over 100 employees and a diverse portfolio of residential and commercial assets in the Czech Republic and Slovakia. Before that, he was a director at ARTA Investment Partners, a Kiev-based boutique investment bank, completing transactions exceeding $1bn in value. He has also worked at Citibank, where he managed a $14 bn liability portfolio in Germany, as well as at the Boston Consulting Group and Dialogue Capital, a long-short, event-driven hedge fund in New York.
He holds an M.B.A. from Stanford University and a B.A. from the University of California, Los Angeles.
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Mixed-reality guidance systems for the world’s leading automobile brands.
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Interactive pet cameras to connect pets with their owners online.
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Identity management solutions to free enterprises and employees from passwords.
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Pitch perfect voice cloning.
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Peer-to-peer marketplace connecting shoppers and travelers around the world.
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Simultaneous localization & mapping (SLAM) technology for 3D mapping & navigation.
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AI-powered price optimization for retailers.
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No-code tool for analytics and machine learning.
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Wearable sensors for athletic shoes that form the basis of an analytics platform for athlete and sports teams.
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On-demand delivery services platform.
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Developer of Storageless Data Orchestration system, a “post cloud” OS.
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Provider of in-store shelf monitoring and management solutions.
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Driving CPG sales by enabling one click conversion from digital impulse points into retailer carts.
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World’s leading on-demand laundry and dry cleaning service
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3D body-scanning to transform the apparel industry.
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Developer of web app that help to automate ad campaigns.
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Software that combines data from a variety of sources and provides AI driven analytics to improve corporate sales processes.
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Direct indexing marketplace for institutional investors.
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The leading mobile payment & remittance service in Bangladesh.
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The largest SME digital lender in Pakistan.
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Southeast Asia’s consumer finance platform: digital banking, BNPL and cash finance, e-commerce marketplace and wealth management.
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First SME lender in Southeast Asia to be fully focused on revenue-based lending for digital businesses.
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E-commerce logistics aggregator and revenue-based digital lender for Pakistan.
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Driver-focused super app in Brazil.
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Cross-border digital wallet to capture remittance flows from the Gulf States to South and Southeast Asia.
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Enterprise-grade software solution development company
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Egypt’s leading financial supper app focused on lending to unbanked & underbanked population.
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