HQ: Moscow, Russia
CEO: Jonas Nordlander
Co-investors: Kinnevik AB, Vostok Nafta
Northzone contact: Pär-Jörgen Pärson
Jonas Nordlander and Filip Engelbert did the impossible and took a failing Russian e-commerce company and turned it into one of the giants on RUNET claiming the market leading position in virtually all online classifieds segments. With the right skills and backing from PJ who also was a previous investor in Jonas’ first startup, Avito has become one of the most successful internet companies ever in Europe, acquired by Naspers at a $2.7 bn valuation in October 2015.