he Russian-Belarusian Venture Capital Fund (RBF Ventures), formed as an investment partnership by the Belarusian Innovation Fund (Belinfond), RVC and RVC Infrafund, acquired a minority stake in Belarusian innovation company Data Delivery LLC, developing a platform for managing online business ‒ RocketData.io. Six business angels co-invested in the company, along with Belarusian media-portal TUT.by, which was the first investor at the pre-seed stage. Funding raised in this investment round is about KUSD 500, with total valuation of about MUSD 3.

The Sorainen team consisting of partner Maksim Salahub and senior associate Viktoryia Mikhnevich provided full-scope legal support to RocketData.io in connection with the transaction.

The target is a resident of the Belarus High Technologies Park, which helps in preparing and executing the transaction fully under Belarusian law, taking advantage of Belarus’ nascent Digital Country regime introduced by Presidential Decree # 8 in March 2018. This is the first venture capital transaction involving direct equity investment in a Belarusian startup structured within the new Belarusian legal framework. RocketData.io is the first Belarusian project in RBF Ventures’ portfolio.