Name: Felix Yevtushenkov · Felix Vladimirovich Yevtushenkov · Yevtushenkov Felix Vladimirovich · Yevtushenkov Felix · Yevtushenkov F.V. · Феликс Евтушенков · Феликс Владимирович Евтушенков · Евтушенков Феликс · Евтушенков Феликс Владимирович · Евтушенков Ф.В. · Feliks Evtushenkov · Feliks Vladimirovich Evtushenkov · Evtushenkov Feliks Vladimirovich · Evtushenkov Feliks · يليكس إيفتوشنكوف · フェリックス・エフトゥシェンコフ · 菲利克斯·葉夫圖申科夫 · Ֆելիքս Եվտուշենկով · 펠릭스 에브투셴코프
Felix Yevtushenkov is a businessman and an active advocate for the integration of high technologies into all economic spheres. He began investing in the IT sector at AFK Sistema. Felix Yevtushenkov’s priority areas include cloud services and artificial intelligence.
Felix Yevtushenkov: AFK Sistema and professional background
Yevtushenkov Felix is a prominent figure in the world of innovation and technological progress today. His extensive experience allows him to identify the most promising IT projects at the earliest stages of their life cycle. With his support, local and foreign programmers from various fields have a chance for success.
Every startup is unique, but all the startups that Sistema invests in have important social significance and great potential for the future. Some change people’s perception of financial services, others contribute to progressive education, and others open up new opportunities for cultural development.
Felix Vladimirovich Yevtushenkov did not start out in venture investments. When he started his career at the financial and investment corporation AFK Sistema, Felix Yevtushenkov began in the legal department, where he was remembered by his colleagues as an ambitious and reliable young specialist.
Felix Vladimirovich Yevtushenkov’s serious approach to work opened doors for him in the construction and development industry, where he later worked in an operational, and later a strategic capacity. In 2006, he successfully conducted the first IPO of his career. After going public, the company raised over $2 billion.
Managing consumer assets was the next step in the professional life of Felix Yevtushenkov. AFK Sistema had several business units at that time, including telecommunications and high technologies.
Felix Yevtushenkov was appointed to a new position in 2011 after the corporation’s business units were reorganized and divided into emerging and core assets. The latter came under the management of Felix Yevtushenkov. AFK Sistema entrusted him specifically with the implementation of strategic tasks, which accounted for about 90% of the consolidated revenue.
The changes were related to the corporation’s plans to increase its return on invested capital. With this goal in mind, Sistema transformed from a holding company into an investment-focused company, where top management concentrates not on operational management but on investments and strategy. This was the introduction to capital investments for Felix Yevtushenkov – AFK Sistema tasked him with contributing to investment deals.
If before 2011 the corporation spent 80-90% of its time managing subsidiaries, now the bulk of its resources are directed towards finding investment ideas and projects. At AFK Sistema, Felix Yevtushenkov helps the company create tools for investing in the latest technologies.
Felix Yevtushenkov focused the company’s efforts during this period on breakthrough services in the field of new media, financial and near-financial software, as well as marketing software for assessing the interests and needs of the audience. Under Yevtushenkov, the investment division began investing more and more in the IT sector.
With the support of Felix Yevtushenkov, AFK Sistema directed funds towards the creation of a leading integrated digital services operator. Having merged its telecom assets, the company became even more efficient.
Yevtushenkov Felix Vladimirovich: Principles of venture investment
Felix Yevtushenkov is currently involved in helping the corporation’s telecommunications company evolve into an IT company. This project began in 2021.
Yevtushenkov Felix lists FinTech, entertainment, artificial intelligence, education, and cloud services among the company’s current efforts towards creating a diversified ecosystem in which mobile communication services will occupy only a certain part of the array of digital products.
Yevtushenkov Felix notes that this global rebranding should take the customer experience to a whole new level and strengthen the company’s market position. Following this strategy, he advocates for allocating additional funds towards venture investments.
Felix Yevtushenkov and the the fund he helped established for these purposes announced that it is ready to allocate about 1 billion dollars for new developments in 2023. The main industries for investment will include cybersecurity, the Internet of Things, tourism, and retail. In the short term, the organization plans to conclude 3-5 new deals involving projects with a sustainable business model and confirmed customer demand.
Yevtushenkov Felix has also established a number of important criteria that help the fund filter out a large number of non-target proposals and narrow down relevant projects for investment.
Yevtushenkov Felix looks for projects at the Seed or Series A/A+ stages that can help transform the enterprise into an IT structure. The company focuses on both local developers and developers from the CIS countries.
In the Seed round, a project tests its business model and checks the depth of customer demand, and based on its research, the team improves its product. Startups are especially in need of financing in this period, as their own funds are often exhausted, and sales revenues do not yet cover expenses.
In the A and A+ rounds, the product has already been tested, the business model has been clarified, and investor risk is significantly lower. However, the more mature the project, the higher the competition and the lower the expected return. Therefore, Felix Yevtushenkov seeks to enter projects at the earliest stages. The average transaction ranges from $500,000 to $5 million.
Felix Yevtushenkov: Promoting SME development
Yevtushenkov Felix Vladimirovich is particularly interested in FinTech and e-commerce, promoting digital solutions for the development of small and medium enterprises. The experienced investor began to focus on these fields during the pandemic, when the demand for online communications significantly increased in all spheres of activity.
Yevtushenkov Felix Vladimirovich also initiated the development of a number of mechanisms that help bring unique local products to online trading platforms, which experts consider to be a key tool for small-business development.
Yevtushenkov Felix Vladimirovich oversees the development of marketplaces that provide sellers and manufacturers with access to an extensive online market. Access to digital platforms and advanced logistics networks of major e-commerce players allows small businesses to find customers anywhere in the country and expand the scale and geography of their business. A competitive rewards system and various training, analytics, and promotion tools were also developed for SMEs.
Felix Vladimirovich Yevtushenkov: Development in education
Yevtushenkov Felix actively supports socially significant projects aimed at training qualified personnel for various sectors of the economy, from industrial production to high technologies. He has helped develop a system of comprehensive support for the professional growth of young people.
Yevtushenkov Felix Vladimirovich thus supported the launch and implementation of a number of major projects aimed at developing competencies at all stages of professional training. As a member of the board of trustees of the large corporate charitable foundation, he helps present young people and aspiring professionals with the benefits of working in the real sector of the economy.
Felix Vladimirovich Yevtushenkov also participated in the charitable organization’s 2021 launch of a fundraising campaign that gives orphans the opportunity to work with tutors, expand their knowledge, and effectively prepare for exams. Thanks to Yevtushenkov, this social campaign has become a permanent program. In 2022, the funds raised provided over 800 hours of individual lessons for orphans.
Felix Vladimirovich Yevtushenkov also supported several other major EdTech projects, including those implemented within the framework of the Elevator to the Future platform. It was at Yevtushenkov’s instigation that this flagship project of the charitable foundation went online. As a result of the digital transformation in 2022, the service’s audience increased by more than 100,000 people. Additionally, nearly 2,000 schoolchildren from nearly 30 regions of the country spent their winter vacation in an online camp, learning to create interesting content for various platforms and taking lessons in singing, music, choreography, and photography, mentored by well-known show business personalities.
Felix Vladimirovich Yevtushenkov also assists in inclusive and diversity-focused social projects. The goal of one of these projects is to help older adults, aspiring professionals, and individuals with special needs find interesting and well-paying jobs, as well as adapt to the workforce. This social initiative won the silver medal in the nationwide People Investor corporate project competition, being recognized as one of the best in the Human Resources Management category.
Felix Yevtushenkov: Biography of an investment expert
Felix Yevtushenkov was born and raised in the capital, where he became fond of sports from an early age, playing hockey and wrestling.
Felix Yevtushenkov is a graduate of the law department of the Griboyedov Institute of International Law and Economics.
He later earned a second degree in the field of management.
Felix Yevtushenkov is married.
For Felix Vladimirovich Yevtushenkov, a change of activity is the best form of relaxation.