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Angel Investor (Individual)

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Investments

17

Portfolio Exits

1

About Sergey Solonin

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Latest Sergey Solonin News

Qiwi Co-Founder Reissues $17M TON Investment as Loan to Telegram

May 16, 2020

Qiwi co-founder Sergey Solonin has confirmed that he is taking the option to reissue his $17 million investment in Telegram’s TON as a loan, repayable at 110% next April, over an immediate 72% refund. 2280 Total views News Sergey Solonin, co-founder of the Qiwi group, and TON investor to the tune of $17 million has decided to reissue his investment as a loan to Telegram, according to a report by Forbes Russia, May 16. Telegram Open Network troubles Following Telegram’s well-documented court battle with the U.S. Securities and Exchange Commission (SEC), the company missed its April 30 deadline to launch the TON network and was prohibited from distributing its Gram tokens. Investors were given until the end of Friday, May 15 to decide whether to accept an immediate refund of 72% of their initial investment, or provide the money as a loan, receiving 110% of its value on April 30, 2021. The hope at the time was that those investors who chose the loan option may have been issued Gram, or another cryptocurrency, once the SEC dispute had been settled. However, Telegram has since publicly abandoned the TON project , as reported on May 12. Solonin believes 30% of the investment will be converted Solonin’s decision to take the loan option on his $17 million investment means that he will receive $18.7 million at the end of the term. He believes that around 30% of the $1.7 billion raised by investors in the 2018 Initial Coin Offering (ICO) will be converted to loans. This would leave Telegram with an obligation to the remaining investors of around $500 million. I think that should be enough for a year of work, taking into account the risks arising from the settlement of relations with the SEC. I hope that during this time Pavel will be able to come up with sources of income or a way to finance the company further.

Sergey Solonin Investments

17 Investments

Sergey Solonin has made 17 investments. Their latest investment was in AMMA Pregnancy Tracker as part of their Seed VC - III on September 9, 2021.

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Sergey Solonin Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/30/2021

Seed VC - III

AMMA Pregnancy Tracker

$2M

Yes

2

9/8/2021

Series A

EBAC Online

$11M

No

2

4/20/2021

Angel

Zabota 2.0

Yes

2

2/10/2021

Corporate Minority

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$99M

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10

1/14/2021

Angel

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$99M

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10

Date

9/30/2021

9/8/2021

4/20/2021

2/10/2021

1/14/2021

Round

Seed VC - III

Series A

Angel

Corporate Minority

Angel

Company

AMMA Pregnancy Tracker

EBAC Online

Zabota 2.0

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Amount

$2M

$11M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

2

2

10

10

Sergey Solonin Portfolio Exits

1 Portfolio Exit

Sergey Solonin has 1 portfolio exit. Their latest portfolio exit was Sbermarket on November 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/30/2020

Corporate Majority

2

Date

11/30/2020

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

2

Sergey Solonin Acquisitions

1 Acquisition

Sergey Solonin acquired 1 company. Their latest acquisition was TimePad on February 20, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/20/2018

Seed VC

$991

$1.1M

Acquired

1

Date

2/20/2018

Investment Stage

Seed VC

Companies

Valuation

$991

Total Funding

$1.1M

Note

Acquired

Sources

1

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