Winter Capital logo

Winter Capital

Europe, Limassol, Cyprus, Limassol

Description

Winter Capital Partners is an international growth equity investment firm established in 2012, with a strategic focus on consumer and technology sectors globally. The firm targets companies undergoing significant technology-enabled change, seeking to invest in businesses with proven models and substantial growth potential. Headquartered in Limassol, Cyprus, Winter Capital has built a diversified portfolio across various geographies, including historical strength in emerging markets like CIS, Southeast Asia, and India, while increasingly expanding its presence in Europe and the United States.

The firm's investment strategy centers on providing growth capital to companies typically in their Series B, C, D, and later stages. Winter Capital aims to be a long-term partner, offering not only financial backing but also strategic guidance and operational support to help portfolio companies scale and achieve their full potential. Their expertise spans areas such as e-commerce, fintech, edtech, and other consumer-facing digital platforms, reflecting their commitment to sectors at the forefront of digital transformation.

Winter Capital manages over $1.3 billion in assets, demonstrating its significant capacity to deploy capital into high-growth opportunities. The firm typically invests between $20 million and $100 million per transaction, indicating a preference for substantial stakes in companies poised for significant expansion. This approach allows them to support ambitious management teams in accelerating their market penetration, product development, and international growth initiatives, solidifying their reputation as a key player in the global growth equity landscape.

Investor Profile

Winter Capital has backed more than 25 startups, with 0 new investments in the last 12 months alone. The firm has led 5 rounds, about 20% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series E, Series Unknown, Series C rounds (top funding stages).
  • Majority of deals are located in India, Russian Federation, United States.
  • Strong thematic focus on Financial Services, FinTech, Internet.
  • Typical check size: $20M – $100M.

Stage Focus

  • Series E (16%)
  • Series Unknown (16%)
  • Series C (16%)
  • Series A (16%)
  • Series D (12%)
  • Series B (8%)
  • Series F (4%)
  • Angel (4%)
  • Debt Financing (4%)
  • Seed (4%)

Country Focus

  • India (36%)
  • Russian Federation (24%)
  • United States (12%)
  • United Kingdom (4%)
  • Germany (4%)
  • Singapore (4%)
  • Azerbaijan (4%)
  • Indonesia (4%)
  • Thailand (4%)
  • Poland (4%)

Industry Focus

  • Financial Services
  • Fintech
  • Internet
  • Software
  • E-learning
  • Edtech
  • Education
  • Food And Beverage
  • Restaurants
  • Health Care
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Winter Capital frequently co-invest with?

Goldman Sachs
North America, New York, United States, New York
Co-Investments: 2
Iron Pillar
Asia, Maharashtra, India, Mumbai
Co-Investments: 3
TS
Asia, Central Region, Singapore, Singapore
Co-Investments: 3
Dream Incubator
Asia, Tokyo, Japan, Tokyo
Co-Investments: 1
Ask Group
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Baring Vostok Capital Partners
Europe, Moscow City, Russian Federation, Moscow
Co-Investments: 3
Accel
North America, California, United States, Palo Alto
Co-Investments: 2
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 4
EI
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Chiratae Ventures
Asia, Karnataka, India, Bangalore
Co-Investments: 3

Which angels does Winter Capital often collaborate with?

Deepinder Goyal
Asia, Delhi, India, New Delhi
Shared Deals: 1
Kunal Shah
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
Sahil Gilani
Asia, Maharashtra, India, Mumbai
Shared Deals: 1
Varun Alagh
Asia, Haryana, India, Gurgaon
Shared Deals: 1
Abhiraj Singh Bhal
Asia, Haryana, India, Gurgaon
Shared Deals: 1

What are some of recent deals done by Winter Capital?

Innoviti

Bangalore, Karnataka, India

Innoviti develops payment processing, credit distribution, and payment management software solutions.

Financial ServicesFinTechPaymentsSoftware
Series EApr 1, 2024
Amount Raised: $13,786,827
Curefoods

Bengaluru, Karnataka, India

Curefoods is a cloud kitchen platform that operates over 200 cloud kitchens and offline stores offering a diverse range of cuisines.

Food and BeverageRestaurantsSnack Food
Debt FinancingApr 6, 2023
Curefoods

Bengaluru, Karnataka, India

Curefoods is a cloud kitchen platform that operates over 200 cloud kitchens and offline stores offering a diverse range of cuisines.

Food and BeverageRestaurantsSnack Food
Series DApr 6, 2023
Amount Raised: $36,660,676
Legit Group

Jakarta, Jakarta Raya, Indonesia

Legit Group is a multi-brand cloud kitchen operator that strives to provide everyone with tasty, hearty quality meals.

DeliveryFood and BeverageFood DeliveryRestaurants
Series AJan 2, 2023
Amount Raised: $13,700,000
Money View

Bangalore, Karnataka, India

Money View is a provider of a credit platform that offers loans and financial management tools.

FinanceFinancial ServicesFinTechLendingPersonal Finance
Series EDec 26, 2022
Amount Raised: $75,000,000
Uolo

Gurgaon, Haryana, India

Uolo is an E-learning company that provides practice-based scholastic programs for every child.

E-LearningEdTechEducationInformation Technology
Series ADec 8, 2022
Amount Raised: $22,500,000
Osome

Singapore, Central Region, Singapore

Osome is a digital business assistant that offers online accounting services for small and medium businesses.

AccountingFinancial ServicesFinTechSmall and Medium BusinessesSoftware
Series BDec 6, 2022
Amount Raised: $25,000,000
Rabbit Care

Sathon, Krung Thep, Thailand

Rabbit Care specializes in providing insurance and banking consultation.

Financial ServicesInsuranceInsurTech
Series CJul 26, 2022
Curefoods

Bengaluru, Karnataka, India

Curefoods is a cloud kitchen platform that operates over 200 cloud kitchens and offline stores offering a diverse range of cuisines.

Food and BeverageRestaurantsSnack Food
Series CJun 1, 2022
Amount Raised: $50,000,000
G.O.A.T Brand Labs

Bengaluru, Karnataka, India

GOAT Brand Labs acquires and scales differentiated D2C brands in the lifestyle space.

Business DevelopmentBusiness IntelligenceVenture Capital
Series AApr 20, 2022
Amount Raised: $50,000,000