About Baring Ventures
Since the first fund was raised by Baring Venture’s predecessor companies in 1994, the company has encouraged, funded and helped develop more than 100 entrepreneurial projects, creating value for the long-term benefit of all their stakeholders.
With over 50 global institutional investors, Baring Ventures has advised funds which raised $3 billion of institutional capital, distributed over $6 billion in cash to investors, and has taken eight portfolio companies public on global stock exchanges. Of the eight companies, five later exceeded $10 billion in market capitalizations.
In 2022, the funds of Baring Ventures decided to divest all Russian assets and to focus on international investments. The transaction completed in April 2024 after receiving all relevant regulatory approvals.
Following the exit from Russia, the funds of Baring Ventures have assets of approximately $5.5 billion.
Portfolio Companies
Kaspi
The largest portfolio company of Baring Ventures by far is Kaspi, the leading consumer-focused ecosystem in Kazakhstan. Baring Ventures first invested in Kaspi in 2005. Operating across a range of verticals including online marketplaces and ecommerce, payments, and financial technologies, the company has transformed the way consumers buy, pay, and manage their personal finances. Kaspi shares are listed on NASDAQ and the company has a market capitalization in excess of $20 billion.
Plata
Baring Ventures newest investment is in Plata, a Mexican digital bank founded in 2022 by a group of fintech experts from Tinkoff Bank. Plata aims to become the leading online banking and investment platform in Mexico.
Revolut
Revolut is a leading global fintech platform based in London. The company offers a broad range of banking, investment and payment services to more than 40 million customers worldwide.
BlaBlaCar
Headquartered in Paris, Blablacar is the world’s leading community-based travel app enabling 26 million active members a year to share a ride (carpool) in more than 20 countries.
Michael Calvey is a founder of Baring Ventures and is the Chairman of the firm. Calvey has also served on the boards of directors of multiple portfolio companies since the inception of Baring funds in 1994.