Viedās investīcijas Latvijas biznesā

Anno 2005

Uzņēmums

Mūsu investīciju filozofija

Latvijas uzņēmumiem ir milzīgs inovāciju potenciāls, un Proks Capital gādā, lai tas atraisītos pa īstam. Mēs atbalstām inovatīvus projektus, kuru straujajai izaugsmei ticam.

Riska kapitāls daudzsološiem jaunuzņēmumiem

Augsta riska (venture) investīcijas uzņēmumu pašu kapitālā veicam uz globālu tirgu vērstos tehnoloģiju jaunuzņēmumos — vēlams, ar reģistrētiem patentiem.

Mezanīna finansējums pieredzējušiem spēlētājiem

Ar mezanīna finansējumu atbalstām veiksmīgu uzņēmumu tālāko izaugsmi.

Sadarbība

Mēs piekopjam viedo investīciju (smart money) pieeju un strādājam ciešā partnerībā ar investīciju saņēmēju komandām — dalāmies bagātīgajā pieredzē par uzņēmumu stratēģisko attīstību, operacionālo vadību un finanšu jautājumiem.

Proks Capital galvenie investīciju kritēriji

1.

Produktam jābūt orientētam uz globālajiem tirgiem un ar ievērojamām konkurences priekšrocībām.

2.

Produktam jābalstās uz tehnoloģijām, kurām ir “know how”. Vēlams, lai tehnoloģijas būtu patentētas.

3.

Dibinātājiem jābūt pamatotam biznesa modelim, produkta virzībai tirgū un izpildāmam biznesa plānam.

4.

Īpašniekiem jābūt gataviem 100% laika veltīt jaunuzņēmuma attīstībai.

5.

Komandas galvenai motivācijai jābūt jaunuzņēmuma attīstība līdz globālā līdera līmenim.

6.

Darbības sākumposmā jaunuzņēmuma galvenajai mītnei jābūt Latvijā.

Vadība

Uzņēmuma vadītājs

Investīciju uzņēmuma Proks Capital valdes priekšsēdētājs un vadošais partneris.
SIA Proks ģenerāldirektors, biznesa eņģelis, Latvijas Biznesa eņģeļu tīkla (LatBAN) valdes priekšsēdētāja vietnieks.
Vadībzinātņu doktors, augstskolas RISEBA Ekonomikas un finanšu katedras profesors, balvas “Gada investors” laureāts 2015., 2016. un 2018. gadā, Latvijas Zinātnes padomes eksperts ekonomikā un uzņēmējdarbībā.

Proks uzņēmumu grupas flagmanis SIA Proks ir dibināts 1992. gadā un tagad uzņēmums strādā gan Eiropas Savienības, gan pasaules mērogā. Galvenie kompānijas darbības virzieni ir IT komponentu, elektronikas un sadzīves tehnikas distribūcija un starptautiskā vairumtirdzniecība. 2019. gadā Proks grupas apgrozījums sasniedza 120 miljonus eiro.

Dalība padomēs un valdēs

Latvijas Biznesa eņģeļu tīkls (LatBAN)

Kopš biedrības dibināšanas 2014. gadā tās mērķis ir paplašināt un attīstīt investoru tīklu Latvijā, organizēt investīciju sesijas un atbalstīt jaunus un perspektīvus projektus. Anatolijs Prohorovs ir LatBAN valdes priekšsēdētāja vietnieks.

Latvijas Tirdzniecības un rūpniecības kamera (LTRK)

Lai īstenotu, finansētu un popularizētu pētījumus tautsaimniecībā, Latvijas lielākā uzņēmēju apvienība — Latvijas Tirdzniecības un rūpniecības kamera — 2014. gadā nodibināja Krišjāņa Valdemāra fondu. Kopš fonda izveides Anatolijs Prohorovs brīvprātīgi piedalās tā pētniecības darbā un ir fonda padomes loceklis.

Latvijas riska kapitāla asociācija (LVCA)

LVCA dibināšanas mērķis ir veicināt riska kapitāla nozares attīstību Latvijā. Asociācija apvieno 40 organizācijas — lielāko daļu riska kapitāla investoru valstī. Anatolijs Prohorovs bija LVCA valdes loceklis no 2011. līdz 2017. gadam.

NACO TECHNOLOGIES

No 2011. gada Anatolijs Prohorovs bija uzņēmuma padomes loceklis un atbalstīja Naco Technologies trīs investīciju raundos. 2015. gadā par uzņēmuma pārdošanu Vācijas tehnoloģiju koncernam Schaeffler viņš ieguva 1. vietu konkursā “Gada investors” kategorijā “Gada pārdošana”.

Sonarworks

Kopš 2015. gada Proks Capital atbalsta audiotehnoloģiju uzņēmumu Sonarworks — vienīgo Latvijas jaunuzņēmumu, kuram izdevies sasniegt A sērijas investīciju posmu, kopumā piesaistot 7,8 miljonus eiro. Anatolijs Prohorovs ir Sonarworks padomes loceklis. Par investīcijām Sonarworks viņš 2016. un 2018. gadā saņēma godalgu “Gada investors”.

Pedagoģiskā un zinātniskā darbība

Vadībzinātņu doktors (Dr. sc. admin.) Anatolijs Prohorovs ir Biznesa, mākslas un tehnoloģiju augstskolas RISEBA profesors, kā arī Latvijas Zinātnes padomes eksperts.

Pedagoģiskā darbība

Anatolijs Prohorovs ir Biznesa, mākslas un tehnoloģiju augstskolas RISEBA Ekonomikas un finanšu katedras profesors, maģistra studiju programmas “Starptautiskās finanses” padomes loceklis un augstskolas Zinātniskās padomes loceklis. Lasa lekcijas “Riska kapitāla investīcijas” un “Jaunuzņēmumu radīšana, darbības organizācija un finansēšana”.

Publikācijas

Anatolijs Prohorovs ir autors vairāk nekā 30 zinātniskajām publikācijām, to skaitā monogrāfijai “Uzņēmumu ienākumu nodoklis Latvijā un Igaunijā: tā ietekme uz uzņēmējdarbību, investīcijām, bezdarba līmeni, nodokļu ieņēmumiem un valsts ekonomisko izaugsmi”. Regulāri sniedz eksperta viedokli Latvijas vadošajam biznesa žurnālam Forbes.

Ekspertīze

Viņš ir piedalījies Eiropas Komisijas pētījuma “Understanding the nature and impact of business angels funding” izstrādē kā konsultatīvās padomes loceklis.

Jaunākās publikācijas

Unicorn Exits as a Trigger for the Development of Small Countries’ Startup Ecosystems

The success of startups largely depends on the level of development of the startup ecosystem. Therefore, this article examines a previously unconsidered issue: what is the impact of large exits in countries with a small economy on the development of the startup ecosystem? To answer this question, we used the method of comparative analysis for a variety of static and dynamic indicators: the number of business angels, startups, investments in startups, large investment rounds, and exits in four relatively homogeneous countries.

In the study, we presented empirical evidence that the exit of founders and investors from unicorn startups is one of the main – and possibly the most important – external driver of the growth of qualitative and quantitative indicators of the startup ecosystem in countries with a small population and a small economy.

Problems of Economic Recovery Planning after the COVID-19 Pandemic

As a result of the COVID-19 pandemic, for the first time in contemporary history, countries have faced an extensive and multifaceted negative impact on the economy, affecting almost all areas of socio-economic activity around the world and, accordingly, the drafting of recovery plans.

The drafting of state economic recovery plans to mitigate the consequences of the COVID-19 pandemic is one of the most important factors influencing both the speed of recovery and the further development of the economy.

The preparation of medium-term, regularly drafted government plans differs significantly from the planning required for a more effective economic recovery from the consequences of COVID-19. Some of the main differences are in algorithms and procedures for preparing plans, the required speed of their drafting, a higher level of uncertainty in planning and, accordingly, higher requirements for the coordination and management of the implementation of the drafted plans. In …

Public Debt and Economic Recovery Following the COVID-19 Pandemic

One of the main sources of funding for economic recovery in countries after the COVID-19 pandemic is the increase in public debt. But as a result of the COVID-19 pandemic and the strengthening of new trends in the development of the global economy, the level of uncertainty has greatly increased. As a result, countries that significantly increase their amount of public debt will reduce their level of macroeconomic stability considerably.

The article analyses the risks that can have a negative impact on the macroeconomic stability of countries and the possibility of reducing the size of public debt during the period of economic growth after the economic recovery from the COVID-19 pandemic.

The article also shows that one of the factors in deciding to increase public debt is a country’s ability to significantly reduce public debt during a period of economic growth and examines the methods of financing economic recovery which will allow countries to increase their level …

Labor Tax Burden and Competitiveness of Latvian Enterprises

The paper addresses the issues of regional and export competitiveness of the countries in the same region with similar level of economic development with regard to labor costs borne by employers. Research results demonstrate that the country with higher labor costs shows lower export indicators both at the regional and global levels. Moreover, this country has a larger share of shadow economy. The research indicates that some enterprises in the country with higher labor costs do not fully cover personal income tax and mandatory social security contributions in order to sustain their competitiveness, whereas the companies that fully cover these taxes demonstrate lower profitability and, consequently, lower development potential, which reduces their chances to increase their regional and export competitiveness.

Startups in the COVID-19 Funnel

Venture capital (VC) investments are pro-cyclical in nature, making it much more difficult for startups to attract investments during periods of economic recession than during economic growth. To mitigate the negative effects of the coronavirus crisis on the economy, countries are being forced to invest an unprecedented amount of financial resources in the economy, which in turn requires certain priorities. Therefore, in this article, we will look at which startup categories countries should support first during this crisis and what support instruments should be used for this purpose.

Getting Ready for Recession: How SMEs Prepared for Covid-19 Pandemic and Economic Recession

At the initial stage of the economic slowdown, companies should have clear understanding of the specifics of the emerging crisis in order to ensure that they quicker adapt to an absolutely new situation and suffer smaller losses, securing themselves an opportunity to restore their performance indicators in the shortest possible time. Therefore, in this paper I will consider the differences between the current economic recession caused by COVID-19 pandemic and the previous crises. I will also share my experience in mitigating the risks posed by COVID-19 and the incipient economic recession at Proks Ltd in my capacity of the general manager and principal co-owner of the company.

Startup Success Factors in the Capital Attraction Stage: Founders’ Perspective

Only a small percentage of startups attract capital from venture capital investors. To determine the factors which owners of startups consider the most important for attracting seed venture investments, the founders of 40 startups in Latvia and Russia were questioned. The researchers compared organizational and financial factors’ importance for two groups of entrepreneurs: those who succeeded and those who failed in attracting funding. The results of the study indicate certain differences between the viewpoints of founders and investors regarding success factors. Based on the factor and regression analysis, the authors developed a model to forecast success in capital attraction.

Getting Ready for Recession: How SMEs Prepared for Covid-19 Pandemic and Economic Recession

At the initial stage of the economic slowdown, companies should have clear understanding of the specifics of the emerging crisis in order to ensure that they quicker adapt to an absolutely new situation and suffer smaller losses, securing themselves an opportunity to restore their performance indicators in the shortest possible time. Therefore, in this paper I will consider the differences between the current economic recession caused by COVID-19 pandemic and the previous crises. I will also share my experience in mitigating the risks posed by COVID-19 and the incipient economic recession at Proks Ltd in my capacity of the general manager and principal co-owner of the company.

Tax Policy – Efficient Tool for Development of Latvia

Starting from 1 January 2018, Latvia introduced changes in the corporate income tax (CIT) system. In accordance with the new law, companies should pay CIT only from that part of the profit that is distributed as dividends, that is, essentially, reinvested profits were exempted from CIT. The same CIT system has been operating in Estonia since 2000, and, according to researchers and practitioners, the introduction of such system in Estonia has demonstrated its effectiveness for both companies and the state. The results of the first year of the CIT reform in Latvia show that despite a significant decrease in corporate bank lending, Latvian companies significantly increased their net turnover; their profit and profitability indicators, i.e. business performance indicators, grew even more significantly.

The aggregate growth in tax revenues paid by companies to the state budget has increased as compared to the previous periods and as compared to similar indicators of the other …

Startup Success Factors in the Capital Attraction Stage: Founders’ Perspective

Only a small percentage of startups attract capital from venture capital investors. To determine the factors which owners of startups consider the most important for attracting seed venture investments, the founders of 40 startups in Latvia and Russia were questioned. The researchers compared organizational and financial factors’ importance for two groups of entrepreneurs: those who succeeded and those who failed in attracting funding. The results of the study indicate certain differences between the viewpoints of founders and investors regarding success factors. Based on the factor and regression analysis, the authors developed a model to forecast success in capital attraction.

Projekti

Sonarworks

2012. gadā dibinātais audiotehnoloģiju jaunuzņēmums ir Latvijas biznesa veiksmes stāsts. Sonarworks radītās tehnoloģijas izmanto vairāk nekā 45 000 ierakstu studiju visā pasaulē, uzņēmumam pieder četri tehnoloģiju patenti. Proks Capital kļuva par Sonarworks investoru 2015. gadā, trijos raundos ieguldot uzņēmumā riska kapitālu un piedaloties uzņēmuma stratēģiskajā vadībā. Ar Proks Capital un citu investoru palīdzību Sonarworks piesaistīja 7,8 miljonus eiro un kļuva par pirmo Latvijas uzņēmumu, kurš ir sasniedzis tā dēvēto A sērijas investīciju līmeni.

NACO TECHNOLOGIES

Proks Capital kļuva par nanopārklājumu ražotāja Naco Technologies investoru 2011. gadā un līdz 2015. gadam piedalījās trīs riska kapitāla investīciju raundos. Anatolijs Prohorovs pārstāvēja Proks Capital uzņēmuma padomē, uzraugot veiktās investīcijas un piedaloties Naco Technologies stratēģiskās attīstības īstenošanā. 2015. gadā uzņēmumu Naco Technologies nopirka vācu tehnoloģiju koncerns Schaeffler Group. Latvijas investoru aprindās Proks Capital izeja (exit) tika atzīta par gada veiksmīgāko pārdošanas darījumu. Naco Technologies lielākais sasniegums pirms pārdošanas ir izstrādātā ātrākā fizikālās tvaiku nogulsnēšanas (PVD – physical vapour deposition) metode, kas kļuva par pasaules mēroga inovāciju nanopārklājumu jomā.