Lev Binzumovich Leviev
Lev Binzumovich Leviev | |
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Born | Lev Binzumovich Leviev June 22, 1984 (age 37) |
Occupation | Entrepreneur, investor |
Known for | co-founder of the VK.com and Selectel |
Lev Binzumovich Leviev (born June 22, 1984, Volgograd) is an Israeli-Russian entrepreneur and investor, co-founder of Russia's largest social network VK.com (originally VKontakte) and the Selectel data center network.[2]
Biography[]
Lev Leviev grew up in the family of a Volgograd entrepreneur. He attended the American school in Herzliya, Israel, where he met his future business partner Vyacheslav Mirilashvili. In 2006, he graduated with a bachelor of Commerce degree in Finance and Accounting at McGill University in Canada.[2][3]
Married.[1]
Entrepreneurship[]
VK.com[]
After graduating from university with honours in 2006, he moved to Saint Petersburg and co-founded VK.com with his friends, Yitzchak Mirilashvili and Pavel Durov.[4]
Lev and Vyacheslav invested tens of thousands of dollars in the project. The money was borrowed from Mirilashvili-Sr.[4] Leviev's share was 10%. From the moment of founding the company until 2012, he was the Chief Operating Officer of VK.com.[2]
Yuri Milner's Digital Sky Technologies fund was the company's first external investor. He bought a quarter of the network in 2007 and later merged DST's shareholdings into the Mail.Ru Group.[4] At the end of 2010, the holding increased its VK.com ownership stake by 7,5% - from 24,99% to 32,49%. In addition, the growing shareholder secured the option of buy another 7,5% of VK.com in 2011.
In July 2011, Mail.ru exercised the option and increased its shareholding to 39,99% which reduced the total share of the partners from 55,5% to 48,01% making Lev's share between 6% or 8%, according to various sources.[5]
Having learned about negotiations between his fellow co-founders and Alisher Usmanov in March 2012, Durov deleted their profiles id3
and id4
. Leviev and Mirilashvili were planning to exit VK.com via an IPO for $3 bln, but at the end of March, Durov announced that the social network would not IPO for an undefined period.[6]
In April 2013, It is estimated that - Ilya Sherbovich investment fund, United Capital Partners, paid $840 mln for the partner's share,[7] assuming the whole network's worth at $1,75 bln. Lev would receive between $105–140 mln.
During the conflict between UCP and Pavel Durov, the fund considered Lev as a potential CEO of VK.com.[8]
Selectel[]
In 2007, Lev Leviev and Vyacheslav Mirilashvili founded the Selectel data center network to provide for VK.com’s needs in processing and storing servers.[9]
By 2009, VK.com’s full server capacity was being managed by Selectel. In 2012, VK.com opened its own data center, but it still remains a client of Selectel.[1]
After selling his VK.com shares in September 2014, Lev Leviev assumed the role of CEO at Selectel.
In May 2014, it was reported that Selectel was investing ₽1 bln in a technopark in Saint Petersburg that would include a data center, offices and warehouses.[10]
On December 17, 2015, in the presence of Saint Petersburg governor, Georgi Poltavchenko, Leviev opened the largest data-centre in the North-West of Russia, “Tsvetochnaya 2”.[11]
By the end of 2016, Selectel was ranked the fourth largest IaaS provider for public and hybrid cloud in Russia (based on revenue).[12]
By 2017, the company was one of the largest IaaS providers in Russia, with a market share of 7%.[13] At the end of 2017, Lev stepped down from the CEO position, while remaining the Chairman of the board of directors.
Btc.com[]
In 2014, Lev co-founded BlockTrail with his long time friend, Boaz Bechar. Lev set up the holding company BlockCorp which made an initial investment of €500,000 in the BlockTrail project. The company developed a blockchain explorer, bitcoin transaction analytics tools and multi-platform bitcoin wallets.[14]
In 2016, the project was bought by Bitmain, a Chinese producer of equipment for mining bitcoins, and renamed BTC Wallet (btc.com).
Investments[]
Russian investments[]
Investments include:
- 2012 — Komitet, media holding company that operates three online media platforms - Tjournal.ru, Vc.ru, DTF.ru.
- 2014 — Coub (a Russian platform for making looped videos),[15][16] (a service for online communication), Ostrovok.ru (a Russian Online Travel Agency).[17]
International investments[]
Lev Leviev has also invested in international projects, such as:
- 2013 - Plarium, a game developer (acquired in 2017 by Aristocrat Leisure, an Australian producer of slot machines, for $500 mln);[18][19]
- 2015 – , a developer of a technology for identifying illegal filming in cinemas,[20] Moovit, an urban mobility data analytics company and free public transportation app,[21][22] Meta, an AI-powered research search engine (acquired in 2017 by Chan Zuckerberg Initiative, for $25 million).[23]
In 2019, Lev Leviev's investment group, LVL1 Group, led a $19 million fundraising for Fnatic, a global eSports organization, joined by UK VC firm Beringea, Hong Kong based BlackPine, London based Unbound, and Joi Ito, Head of MIT Media Lab. Lev joined Fnatic's Board.[24][25]
DST Global[]
Lev Leviev is an investor in several vintages of Yuri Milner's DST Global venture funds.
DST Global II acquired shares of Facebook, Twitter, Airbnb, Spotify, Alibaba and Xiaomi.[26]
Among the most publicized investments of DST Global IV are Ola Cabs, an Indian car-hailing service,[27] Flipkart, an Indian e-commerce platform,[28] and Slack, a corporate communication platform.[29]
References[]
- ^ a b c "Rating the Best Russian Young Entrepreneurs" (in Russian). Hopes&Fears. 2012-11-22. Retrieved 2018-11-09.
- ^ a b c "Lev Leviev runs Selectel as CEO" (in Russian). CNews.ru. 2014-09-24. Archived from the original on 2014-09-25. Retrieved 2018-11-09.
- ^ Joshua Yaffa (2013-08-01). "Is Pavel Durov, Russia's Zuckerberg, a Kremlin Target?". Bloomberg. Retrieved 2018-11-09.
- ^ a b c Anna Bessonova (2011-07-18). "The Story And Plans Of Vkontakte Told By Founder And CEO". Arctic Startup. Archived from the original on 2015-04-02. Retrieved 2018-11-09.
- ^ Yevgeny Trifonov (2014-07-12). "Russia's Zuckerberg loses his Facebook". Russia Beyond The Headlines. Retrieved 2018-11-15.
- ^ Kevin Rothrock (2013-04-30). "Pavel Durov, Russia's Zuckerberg, Fights for Control of His Creation". Global Voices. Retrieved 2018-11-15.
- ^ Irina Reznik. Ilya Khrennikov (2013-04-18). "Usmanov Plan to Control VKontakte Said to Be Rebuffed by UCP". Bloomberg. Retrieved 2015-04-21.
- ^ James Bradshaw (2014-07-12). "A Russian social network tale: Censorship and a CEO on the run". The Globe and Mail. Retrieved 2015-04-21.
- ^ "VKontakte's annual revenue rises, but profits fall". Rusbase.com. 2013-04-29. Archived from the original on 2015-04-20. Retrieved 2015-04-21.
- ^ "Vkontakte cofounders building technopark in St. Petersburg". East-West Digital News. 2014-06-13. Retrieved 2018-11-15.
- ^ "The largest data center in the North-West began its work in St. Petersburg" (in Russian). The Administration Of St. Petersburg. 2015-12-17. Retrieved 2018-11-15.
- ^ Nosov, Nicholay (2018-04-17). "OpenStack: life after the hype". iksmedia.ru (in Russian). JSC «IKS-media». Retrieved 2018-11-15.
- ^ Zhuravleva, Alena (2018-06-20). "Clouds grow due to SaaS". MSKIT (in Russian). Publishing house «Regional PR group». Retrieved 2018-11-15.
- ^ Butcher, Mike (2014-07-29). "BlockTrail Secures Cash For Its Bitcoin Transactions Analysis Platform". Oath Tech Network. Oath Inc. Retrieved 2018-11-15.
- ^ Nadia Beard (2014-07-29). "Russian video app Coub raises $2.5m investment". The Calvert Journal. Retrieved 2018-11-15.
- ^ O'Hear, Steve (2014-07-29). "Video Re-Mix Startup Coub Raises $2.5 Million From VC Fund Headed Up By VK.com Founders". Oath Tech Network. Oath Inc. Retrieved 2018-11-15.
- ^ Mike Butcher (2018-11-15). "Ostrovok Raises New $12M Series C Round To Expand Outside Russia". Techcrunch. Retrieved 2018-11-15.
- ^ "Mirilashvili and Leviev have sold 48% of Vkontakte, the Fund United Capital Partners". Roem.ru. JSC «Roem». 2013-04-17. Retrieved 2018-11-15.
- ^ "Aristocrat Leisure to acquire 100% of Plarium Global Ltd". Reuters. Thomson Reuters. 2017-08-10. Retrieved 2018-11-15.
- ^ "Co-founders of VK Leviev and Mirilashvili invested in the development of protection against film piracy". Roem.ru. JSC «Roem». 2015-05-06. Retrieved 2018-11-15.
- ^ Butcher, Mike (2015-01-14). "Moovit Raises $50M To Scale Its Public Transit App, Goes Up Against CityMapper". Oath Tech Network. Oath Inc. Retrieved 2018-11-15.
- ^ "Moovit Raises $50 Million Led by Intel Capital to Expand its Global Urban Mobility Operating System". Moovit. Retrieved 2018-11-15.
- ^ Фонд Цукерберга купил поисковик Meta у Льва Левиева и других инвесторов [Zuckerberg Foundation bought Meta search engine from Lev Leviev and other investors]. Inc. (in Russian). LLC Publishing Company Board of Directors. 2017-01-24. Retrieved 2018-12-18.
- ^ Russ, Hilary (2019-05-01). "Esports organization Fnatic raises $19 million for big expansion". Reuters. Thomson Reuters. Retrieved 2019-06-26.
- ^ Symcox, Jonathan (2019-05-01). "UK esports start-up Fnatic raises $19M". BusinessCloud Media. HarperJames. Retrieved 2019-06-26.
- ^ "The former shareholders of VK.com became the shareholders of the two funds of Yuri Milner". Roem.ru (in Russian). JSC «Roem». 2015-04-28. Retrieved 2018-11-15.
- ^ Sharma, Samidha (2015-02-26). "DST may invest up to $500m in Ola at $2.5bn valuation". The Times of India. Bennett, Coleman & Co. Ltd. Retrieved 2018-11-15.
- ^ Sharma, Samidha (2018-09-03). "Udaan raises $225 million at $1 billion from Yuri Milner's DST, Lightspeed". The Times of India. Bennett, Coleman & Co. Ltd. Retrieved 2018-11-15.
- ^ Lunden, Ingrid (2015-04-16). "Used Daily By 750K Workers, Slack Raises $160M, Valuing Collaboration Startup At $2.8B". Oath Tech Network. Oath Inc. Retrieved 2018-11-15.
- 1984 births
- Technology company founders
- Living people
- Russian chief executives
- Russian investors
- Russian Jews
- Israeli Jews
- Israeli mass media owners
- People from Volgograd
- McGill University Faculty of Management alumni