LETA Capital
Alexander Chachava is a serial entrepreneur, investor, and managing partner at LETA Capital, a technology investment firm. He is also the executive chairman of the board of a range of companies from LETA’s portfolio, My.Games shareholder and a member of the world’s largest business leaders’ community, YPO.org.
In 2003 Alex Chachava became the co-founder of LETA IT Company. The company was engaged in the distribution of licensed software, as well as the development of information security. In 2005 Chachava founded the CIS branch of the international company ESET. ESET’s NOD32 antivirus is one of the leaders in 11 countries of Europe and Central Asia.
In connection with the acceptance of a new development strategy, Alexander Chachava created the LETA Group holding company in 2008 and assumed the position of president. He acted as an investor in a number of successful IT companies that were then purchased by LETA Group. These included significant shares of Group-IB, ASK, Damask, and Avanpost. Despite the world financial crisis, the company’s revenue structure changed significantly over the next three years, and its rate of return doubled. Damask, Avanpost, and Group-IB, which were purchased by LETA, became leaders in their segments – front desk automation, IDM, and cybercrime investigation, respectively. LETA Group grew to 500 employees and $100 million in annual revenue.
In 2012 Alexander Chachava founded LETA Capital, a technology-focused venture capital firm with investments covering a wide range of B2B software startups focused on international markets. In 2022 Alex Chachava bought the video game publisher MY.GAMES in a deal valued at US $642M.
So far, LETA Capital has made more than 35 investments, including such successful companies as inDrive, Novakid, Bright Box, Unomy, 365Scores, DEVAR, QMarkets, etc. In 2023 LETA Capital has 3 funds under management, the 3rd one is in active investment period.
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LETA Capital
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LETA Capital is an early-stage venture capital firm investing in revenue-generating B2B and B2C software startups. LETA Capital focuses on entrepreneurs with strong anti-crises experience who are disrupting their industries and finding new opportunities and ways of scaling startups. LETA Capital invests in various sectors, such as Business Intelligence, Big Data Analysis, AI-based technologies for different industries, traditional business process optimization, robotization or replacement, and robotics for business (logistics, production, etc.). LETA Capital invests in IT technologies based on strong R&D, e.g., we have invested in Synthesis AI (the data generation platform for computer vision), DEVAR (Phygital company), Gaviti (SaaS platform that helps manage and collect invoices), Novakid (AI-based English learning platform). We also were the first investors in InDrive (ex-inDriver), a unicorn backed by Bond Capital, Insight Partners and General Catalyst. InDrive is now valued at US $1.23B, and it is one of the fastest growing and most profitable urban services companies in the world. LETA Capital has three funds under management and its AUM is US $0.4bn+. LETA Capital was founded in 2012 and is based in the Cayman Islands.