Roosh will enter into deals in partnership with the Canadian venture capital firm Tiny Studio. The focus is on profitability-oriented tech companies from Europe and the US, Roosh’s press service said. Roosh X and Tiny Studio will focus on equity investments in tech startups. The estimated check is from $0.5 million to $10 million.
The partners will consider businesses with an annual revenue of $5 million or more. In addition to funding, portfolio companies will receive operational support, assistance in scaling and entering new markets. Roosh X focuses on European and American companies from the fields of machine learning, artificial intelligence, gaming, fintech, consumer and entertainment applications, digital marketing, etc. In 80% of cases, Roosh X will target businesses that are not yet ready for classic private equity funds, says Denis Dmitrenko, co-founder and partner of Roosh.
This is radically different from traditional venture capital investment. The partnership combines ambition with the powerful capabilities of the Roosh platform and Tiny Studio’s expertise in creating startups, which will give companies access not only to capital, but also to support that is currently simply not available through traditional financing options, operating on the European market, Den Dmytrenko, co-founder and General Partner at Roosh, сommented.
