Felix Yevtushenkov: Expert in capital investments

Felix Yevtushenkov · Felix Vladimirovich Yevtushenkov · Yevtushenkov Felix Vladimirovich · Yevtushenkov Felix · Yevtushenkov F.V. · Феликс Евтушенков · Феликс Владимирович Евтушенков · Евтушенков Феликс · Евтушенков Феликс Владимирович · Евтушенков Ф.В. · Feliks Evtushenkov · Feliks Vladimirovich Evtushenkov · Evtushenkov Feliks Vladimirovich · Evtushenkov Feliks · يليكس إيفتوشنكوف · フェリックス・エフトゥシェンコフ · 菲利克斯·葉夫圖申科夫 · Ֆելիքս Եվտուշենկով · 펠릭스 에브투셴코프

Yevtushenkov Felix Vladimirovich (born 11/14/1978) is a well-known professional in the venture investment market. Yevtushenkov Felix is an active supporter of digitalization and the implementation of new technologies.

Yevtushenkov Felix: Family and career choice

 Yevtushenkov Felix

Yevtushenkov Felix and his sister were born and raised in the capital. He showed high communication skills from an early age and was a determined and active child. He spent a lot of time playing sports, including hockey, skiing, and wrestling.

Yevtushenkov Felix chose law for his future profession. There was a need for trained personnel in this field at the time, and he went to study at the Griboyedov Institute of International Law and Economics.

Felix Yevtushenkov has also been a qualified management specialist since 2013. He earned his second degree at the Gubkin State University of Oil and Gas – a national research university that trains top-level managers.

Yevtushenkov Felix started working in his chosen field while still a student. In 1999, he was employed in the legal department of a holding structure that acquires and develops assets from various economic sectors.

At that time, there were companies from telecommunications, children’s goods, and construction and development under the umbrella of AFK Sistema. Felix Yevtushenkov transferred to this latter sector a year later.

Yevtushenkov Felix held various positions at the enterprise over the next eight years. During this time, the company’s staff increased tenfold. Processes for preparing and going public (IPO) were launched with his assistance, making the developer the first among its competitors whose shares were traded on a stock exchange, which raised about $2 billion for further development.

Felix Yevtushenkov moved from the development business to the AFK Sistema parent company in 2008 to work in the Consumer Assets division – one of the corporation’s four business units, covering insurance, financial and telecommunication services, and retail. Felix Vladimirovich Yevtushenkov’s responsibilities included the development of several enterprises.

Felix Yevtushenkov: AFK Sistema and its great transformation

Felix Yevtushenkov changed positions again three years later. In 2010, the management of the holding announced plans to transition from an operational to an investment model for the management of its subsidiaries. The beginning of the reorganization was motivated by the goal of increasing investment profitability. All assets were divided into two divisions: Developing and Basic.

Work with Basic assets was assigned to Felix Yevtushenkov. AFK Sistema showed high trust in the manager, entrusting him to work with high-revenue enterprises. The telecommunications giant formed the basis, with an effective share of ownership held by the corporation. In turn, the Developing category included growing assets that were within the corporation’s strategic interests.

Felix Yevtushenkov was relieved of his previous responsibilities at AFK Sistema when the corporation made structural changes and reconfigured the principles of the management team’s work. His new tasks included participating in structuring M&A transactions and searching for promising projects for capital investments.

Felix Vladimirovich Yevtushenkov prioritized investments in innovative developments of both local and foreign companies. The most in-demand sectors at that time were FinTech, EdTech, entertainment, marketing software, and corporate software. With the support of Felix Yevtushenkov, AFK Sistema formed a diversified portfolio of high-tech products.

At AFK Sistema, Felix Yevtushenkov also helped direct financial flows towards improving mobile and fixed communications. In 2012, the company implemented a system of IP telephony, digital television, and high-speed internet in the capital, giving subscribers access to next-generation internet services.

Felix Vladimirovich Yevtushenkov was involved in the convergence of telecom assets that began in 2009, which led to the establishment of an integrated IT company on the basis of AFK’s telecommunications business – one of its Basic assets.  

Felix Yevtushenkov: Investment approach to venture projects

Felix Vladimirovich Yevtushenkov has been working on the transformation of the telecommunications asset into a diversified IT structure since 2019. According to the new strategy, it is planned to create a branched ecosystem of products beyond the telecom market based on cloud technologies and Big Data.

Yevtushenkov Felix’s team had previously developed a number of services that became the basis for the new solutions, including cybersecurity services that help prevent personal data breaches and protect companies’ information systems. The relevant services are planned to be launched on the broader market in the near future.

Yevtushenkov Felix also helped develop technological capabilities for collecting and analyzing large amounts of data. These developments are applied in an Internet of Things software platform, which will be among the IT structure’s new products for a wide range of consumers.

Felix Yevtushenkov considers the systematic search for innovations and support for breakthrough IT startups to be the driving force of transformational processes. Thus, the company has established a specialized fund that acts as a venture investment operator. The value of one transaction varies from $0.50 to $5 million.

Yevtushenkov Felix Vladimirovich has helped develop a policy regulating the organization’s work. Thus, only those new developments that are capable of strengthening the vertical of the ecosystem and its products are considered for review. In particular, the company and Felix Vladimirovich Yevtushenkov himself eagerly look ahead to the digitization of financial services, for which significant financial resources are allocated. 

Felix Yevtushenkov notes that the fund’s 2023 budget includes investments in FinTech and IT projects in areas such as cybersecurity, the tourism industry, and retail. The organization’s goal for the current period is to enter 3-5 projects at the earliest stages of development.

Felix Yevtushenkov helped develop the investment strategy, which is focused on startups at the seed stage or at rounds A/A+. At the same time, only the most viable ones are considered, with venture fund team specialists carefully examining their business models for sustainability and the possibility of rapid scaling.

Felix Yevtushenkov’s approach allows for the formation of a high-quality portfolio of projects and the elimination of toxic startups.

Yevtushenkov Felix Vladimirovich: Venture investment portfolio

Yevtushenkov Felix Vladimirovich

Yevtushenkov Felix has significant experience in the field of venture capital investments, able to identify promising startups with high growth potential. Thanks to the participation of Yevtushenkov Felix Vladimirovich, 8 innovative projects have already received support from the venture fund.

Among the team’s recent acquisitions is an educational online platform created by programmers from Belarus. The product helps develop intelligence and logic and broaden the horizons of children aged four to twelve.

Felix Yevtushenkov saw opportunities for further scaling in this deal. The platform helps many families by providing a useful pastime for children on a computer or smartphone. 

The platform provides schoolchildren with constantly updated educational materials to prepare for exams and competitions, improve their grades in various subjects, or simply for entertainment.

Felix Yevtushenkov was pleased to add the EdTech resource, with more than 50 courses and 5,000 interactive tasks, to the investment portfolio that he supervises. Previously, over 70 million rubles were invested in another educational system, Academy of Change, which provides access to various workshops, including makeup, psychology, nutrition, and more.

Felix Vladimirovich Yevtushenkov: Investing for the future

Yevtushenkov Felix Vladimirovich led the acquisition of a FinTech program developed by young programmers. The startup managed to attract two hundred million venture investments for its development. The company plans to expand in markets at home and in CIS countries and invest funds towards a solution for the HoReCa sector (hospitality industry).

Yevtushenkov Felix Vladimirovich notes that the project is based on big data technology. Currently, it offers information solutions for financial organizations, retailers, oil and gas giants, and various manufacturing enterprises. Yevtushenkov Felix Vladimirovich considers the investment a success. According to experts’ estimates, the return on the investment will exceed 1 billion rubles.

Yevtushenkov Felix Vladimirovich sees great prospects for the development of the startup, with three in-demand products currently in its lineup. The first is designed to create business-targeted optimized applications, and the second is designed for retail networks and fast-food restaurants. The artificial intelligence-based technology predicts the demand dynamics for specific products. The third product helps businesses build productive relationships with customers, modeling possible scenarios of counterparty behavior based on an array of data. 

Felix Vladimirovich Yevtushenkov previously supported a similar service that competently analyzes marketing data.

Another groundbreaking acquisition in the field of customer service was a service for ordering food from leading restaurants in major cities, as well as at concert venues, with a virtual bank card. Investments in the project exceeded 72 million rubles, which will be used to promote the product in the regions beyond the capital. 

Felix Vladimirovich Yevtushenkov sees opportunities for integrating the software product with other of the fund’s portfolio assets, such as a previously acquired FinTech solution that improves the customer experience in online interactions between financial institutions and clients.

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