Frontier Ventures was launched in 2011 by Dmitry Alimov and Oleg Tumanov, co-founders of IVI, the “Netflix of Russia” – the largest online video business for the Russian speaking markets which serves c. 45 million users monthly. Our founding team has more than 30 years of collective experience of venture investing in the Internet, media and technology companies, having backed over 30 companies globally since 1999. We have been involved as investors, advisors or entrepreneurs in more than 50 completed transactions with companies whose total market capitalization is more than $4 billion.
In the history of the exploration of North America, the term “Frontier” was used to determine the boundary between inhabited and unknown territory, where from the 18th to the 20th centuries, settlers developed new areas. Unlimited free land in this zone was available, and thus offered the psychological sense of unlimited opportunity. This, in turn, had many consequences such as optimism, future orientation, and shedding of restraints due to land scarcity. The development of new land to the West and the North of the United States became a catalyst for the settlement of the North American continent and its subsequent rapid economic development.
By analogy, the name of our fund – Frontier Ventures – is intended to symbolize the limitless possibilities that are open to entrepreneurs and investors in the development of the Internet.
Our team and our entrepreneur partners share the spirit of optimism and belief in success, combined with a rational willingness to take risks to achieve great goals, which at one time united the North American pioneers, during their advance towards the unknown.