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We invest in fast-growing technology companies worldwide

Portfolio

Global software

Emerging markets fintech

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Team

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Roman Nikitov

Co-head

Global Software

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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
Focus: Global Software

Companies:

Petcube 3DLOOK Respeecher Competera Datrics Revenue Grid Adwisely TRAX Laundryheap

Roman 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
Focus: Emerging Markets Fintech

Companies:

Grabr Hivecell Playermaker C8 SmartCommerce Good Money Gorillas Nagad Finja Akulaku Jenfi Hubpay Gringo

Giles 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.

Mixed-reality guidance systems for the world’s leading automobile brands.
Year of Investment
2019
Investment Status
Exited
Sector
Deep Tech
ICU Team
Roman Nikitov | Zakhar Deriuga
Interactive pet cameras to connect pets with their owners online.
Year of Investment
2018
Investment Status
Current
Sector
Pet Tech
ICU Team
Roman Nikitov | Zakhar Deriuga
Identity management solutions to free enterprises and employees from passwords.
Year of Investment
2018
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Pitch perfect voice cloning.
Year of Investment
2020
Investment Status
Current
Sector
Deep Tech
ICU Team
Roman Nikitov | Zakhar Deriuga
Peer-to-peer marketplace connecting shoppers and travelers around the world.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Zakhar Deriuga
Simultaneous localization & mapping (SLAM) technology for 3D mapping & navigation.
Year of Investment
2020
Investment Status
Exited
Sector
Deep Tech
ICU Team
Roman Nikitov | Zakhar Deriuga
AI-powered price optimization for retailers.
Year of Investment
2020
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
No-code tool for analytics and machine learning.
Year of Investment
2021
Investment Status
Current
Sector
Low/no-code
ICU Team
Roman Nikitov | Zakhar Deriuga
Wearable sensors for athletic shoes that form the basis of an analytics platform for athlete and sports teams.
Year of Investment
2021
Investment Status
Current
Sector
Sport Tech
ICU Team
Giles Farley | Zakhar Deriuga
On-demand delivery services platform.
Year of Investment
2021
Investment Status
Current
Sector
Mobility
ICU Team
Giles Farley | Zakhar Deriuga
Developer of Storageless Data Orchestration system, a “post cloud” OS.
Year of Investment
2021
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Provider of in-store shelf monitoring and management solutions.
Year of Investment
2021
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Driving CPG sales by enabling one click conversion from digital impulse points into retailer carts.
Year of Investment
2018
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Giles Farley | Zakhar Deriuga
World’s leading on-demand laundry and dry cleaning service
Year of Investment
2022
Investment Status
Current
Sector
Mobility
ICU Team
Roman Nikitov | Zakhar Deriuga
3D body-scanning to transform the apparel industry.
Year of Investment
2019
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Developer of web app that help to automate ad campaigns.
Year of Investment
2021
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Software that combines data from a variety of sources and provides AI driven analytics to improve corporate sales processes.
Year of Investment
2021
Investment Status
Current
Sector
Enterprise SaaS
ICU Team
Roman Nikitov | Zakhar Deriuga
Direct indexing marketplace for institutional investors.
Year of Investment
2021
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
The leading mobile payment & remittance service in Bangladesh.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
The largest SME digital lender in Pakistan.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
Southeast Asia’s consumer finance platform: digital banking, BNPL and cash finance, e-commerce marketplace and wealth management.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
First SME lender in Southeast Asia to be fully focused on revenue-based lending for digital businesses.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
E-commerce logistics aggregator and revenue-based digital lender for Pakistan.
Year of Investment
2020
Investment Status
Current
Sector
Mobility / Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
Driver-focused super app in Brazil.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
Cross-border digital wallet to capture remittance flows from the Gulf States to South and Southeast Asia.
Year of Investment
2020
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
Enterprise-grade software solution development company
Year of Investment
2022
Investment Status
Current
Sector
IT-outsourcing
ICU Team
Roman Nikitov | Zakhar Deriuga
Egypt’s leading financial supper app focused on lending to unbanked & underbanked population.
Year of Investment
2022
Investment Status
Current
Sector
Fin Tech
ICU Team
Giles Farley | Stanislav Maksymov
Dark-store hyper-local ultra-fast grocery delivery platform.
Year of Investment
2021
Investment Status
Exited
Sector
Mobility
ICU Team
Giles Farley | Zakhar Deriuga