About EcoMachines Ventures

About EcoMachines Ventures

The world is changing fast, creating new challenges and new opportunities in the energy, infrastructure and industrial sectors. EcoMachines Ventures supports innovative solutions to these global problems by investing in promising technology companies and actively supporting their growth into world class high-growth enterprises. We are London-based with a pan-European focus in investments and a global reach in terms of investment and corporate networks.

 

Our strategy

We look for entrepreneurs and businesses who are building an exciting B2B hardware technology that has the potential to scale in large proven markets. We help the companies we invest in through equity investment, access to a network of industry experts, brokering corporate linkages and syndicating with other investors.

Sectors

We only invest in market segments where we see the potential for rapid growth.  We are broadly focused on Energy, Transport, Circular Economy, Smart City and Industrial High-Tech sectors.  We believe in the power of hardware innovation - often in combination with software - to revolutionise these sectors, providing long-term solutions that offer real bottom-line benefits.  Within this we look for businesses committed to solving real problems, rather than those developing innovations for innovation's sake.

Support

We believe our support is of the greatest value when it is tailored closely to the needs of your business. For that reason, we never offer money alone. Whether you are at seed stage or later level of investment, we are looking to support teams who will welcome our active collaboration, hands-on support and co-development of the business plan. If you have solved all the problems and all you need is finance, we are probably not the right partner for you.

Find out more about our style of investment and market focus on our blog and contact us if you would like to discuss opportunities to work together.

Team

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Dr Oleg Evdokimenko

Chairman

Dr. Oleg Evdokimenko is a well-recognised industrialist and angel investor. He is the Chairman of NanoTech Industrial Solutions and a member of the Board for a number of companies including Kosaya Gora Iron Works (KMZ), Accept RK (a financial company), and Ingvar (an insurance company). As an investor and business angel, Oleg is developing a number of projects in the field of innovative technologies, including some jointly with Skolkovo Innovation Centre.

Oleg graduated from National University of Science and Technology MISIS and has DPhil in Physics from Moscow State University, for which he researched Solid-State Physics. He has been a research associate at Academy of Sciences since 1984. During his work for Academy of Sciences, Oleg has published dozens of articles in leading Russian and international journals in the field of solid and amorphous materials and ultrafine. Oleg also graduated from Moscow State Law Academy.

Alexey Krenke

Managing Director

Alexey has many years of experience in finance and investment structuring. He worked as CFO and Business Development Director at MCD group and RD Group, two major real estate development companies in Moscow, between 1995 and 2006. From 2006 to 2012, he worked for a group of private investors, and was responsible for establishing and operating the group’s private equity investment portfolio in Germany and the Czech Republic. Alexey has conducted a number of large investment transactions with private and institutional investors and major international banks.

He has a degree in mathematical modelling from Moscow State University, a degree in accounting, audit and controlling from Plekhanov Russian Economics Academy and is currently completing a degree in law at Charles University in Prague.

Oksana Hilinskaya

Investment Manager

Oksana has worked in the finance and banking industry since 1995, and in Asset Management since 2005. From 2005 to 2008 she was a Project Manager in Alfa Bank (the biggest private Russian Bank) in which role she was involved in commercial and industrial Real Estate projects, TV serials production and distribution.

In 2008 Oksana worked for Troika Dialog Asset Management in Real Estate Funds Department and was responsible for development of a new close-ended fund. Since 2010, she has worked as Vice President, Head of Investment Projects at Financial Company Accept RK. She is involved in management of venture projects in innovative technologies and projects in Real Estate. Oksana speaks Russian, English and Italian.

Oksana has an MBA from California State University, and graduated from Moscow State Law Academy and Russian Humanitarian University.

Dr Ilian Iliev

Non-Executive Director

Dr. Ilian Iliev founded EcoMachines Ventures in 2013, and was Managing Director until 2018. Ilian is now leading EMV Capital, a spin-out venture of EcoMachines Ventures focused on later stage venture capital opportunities. Prior to that he co-founded and was CEO of CambridgeIP Ltd (2006-2012), which he built into a leading technology strategy player in the innovation space (partial exit through sale of data & software business to multi-billion US investment fund). Strategy advisor to the Board of Allen & Overy, a top 10 global law firm with $1bln+ in revenues (2004-6). In the 1990s founded and led 100-person family business in Southern Africa in the medium and high voltage space (1997-2001). Projects included building a power plant, industrial facilities, real estate and others.

Current Board Directorships include: PointGrab (Machine Vision in building automation), Q-Bot (robotics in building industry), Power Drive Efficiency (power electronics in heavy industry), Autorose (connected cars)

Ilian holds a PhD from Cambridge University’s Judge Business School, focused on Venture Capital business models in emerging economies; MCom in Economics, and BA in Politics, Economics and International Relations from the University of Witwatersrand, where he was voted Best Political Science Student in South Africa in 1997.  He has published widely on issues in the energy and cleantech space, innovation finance and innovation policy. He is an Associate Fellow at Chatham House, focused on energy and resource efficiency.

Key publications include:

Venture Capital Organisations as Actors in Emerging Economy Systems of Innovation: Case Studies of South Africa and Hungary - Thesis Submitted to the Univerity of Cambridge for the degree of Doctor of Philosophy (2014)

Who Owns Our Low Carbon Future? Intellectual property and energy technologies - Report co-authored with Chatham House (2009)

Barriers to Venture Capital Investment in Innovative SMEs in CEEs–Causes and Policy Implications - in Piech&Radosevic (eds) The Knowledge-Based Economy in Central and East European Countries , Palgrave MacMillan (2006)

FirstSolar : A Focus on the Technology Fundamentals - CambridgeIP Report (2011)

Desalination Technologies and the Use of Alternative Energies for Desalination – Report for International Renewables Energy Agency and World Intellectual Property Office (2012)

Membrane Filtration and UV Water Treatment: A report on selected water treatment technologies and their application in desalination systems - Report for World Intellectual Property Office (2012)

Desalination: new frontier for renewable energy? – Article for Renewable Energy Focus (2012)

Challenges and opportunities in the licensing of renewable technologies - Journal of Commercial Biotechnology (2009)

Role of Intellectual Property Rights in Technology Transfer - Report for UNFCCC (2008)

Intellectual Property: Crosslicensing, Patent Pools and Cooperative Standards as a Channel for Climate Change Technology Cooperation - Report for Climate Strategies (2008)