Giant investment firm CIG invests $1 million in Israeli startup Kidoz

In early August Chernovetskyi Investment Group (CIG), an investment company backed by businessman and former Kiyv (Kiev) mayor Leonid Chernovetskyi, contributed $1 million in a funding round secured by Israeli startup Kidoz.

The round also involved several other investors, according to a CIG announcement reported by the Ukrainian media. However, neither these investors’ identity nor the total amount of the transaction were disclosed.

Kidoz transforms PCs and mobile devices into “a safe environment for kids,” ensuring that children are “100% protected from bad content while they’re playing on the device.”

Kidoz claims its platform has already been installed on “millions of devices” in “more than 100 countries,” with several major tablet manufacturers using it a special operating system for children’s use.

CIG was founded in 2012. Its available capital, which exceeds $750 million, is the personal funds of Leonid Chernovetskyi.

In 2008, the controversial businessman sold his bank, Pravex, which stood as one of the country’s leading banks, to the Italian financial group Intesa Sanpaolo.

CIG, which focuses on “IT and Internet projects that are scalable internationally,” already invested in several Ukrainian startups, including e-commerce site last year.

Topics: Finance, International, Mobile content, News, Software, Venture/Private equity
Scroll to Top
Everything you ever wanted to know about Ukraine's digital industries
Conveniently delivered to your mailbox, every week
  • Latest industry news
  • Information on startups in Ukraine
  • Market data and reports
  • Interviews with key players
  • Upcoming events
  • Recommended services
* we never share your details with third parties.