
Seed investments to help you grow faster
We have a passion for disruptive ideas and energetic entrepreneurs.
We thrive on giving technology startups the right mix of investment and guidance.

A virtual incubator for a meaningful tomorrow
We help new businesses get the resources and alliances they need to succeed in a global marketplace.
We have access to the capital, talent, and expertise that will help you overcome the obstacles to growth.

A growing network of media properties
We find opportunities to make media work better for consumers and advertisers.
We are excited by the convergence in the marketplace of platforms and technologies that enhance the experience and performance of new media.
Who we are
We are a team of people and companies that are enthusiastic about the future of technology and how it will change our day to day lives. We believe that by creating a vehicle to fund technology startups and connect entrepreneurs together, we can be part of that change.
With Cvetlo Investments, we focus on investing at the seed stage for startups that need to find their legs. Beyond monetary investment, we provide valuable guidance to help entrepreneurs make a significant impact in the markets they target.
In Cvetlo Labs, we aim to connect entrepreneurs, developers, and engineers in an environment that facilitates innovation. Our new form of incubator assists startups in pre-funding stages, to help them develop proof-of-concept prototypes. Once developed, we assist the startup in raising funding and going to market through our network of connections in the industry.
At Cvetlo Media, we are building a network of publishers and new media outlets to help advertisers reach their audiences.
News
- OpenX Promotes Key Leaders Following Twelve Consecutive Quarters of Year-Over-Year Growth
- Presidencia de El Salvador: AlphaPoint Joins Efforts to Provide Technology to Chivo Wallet, the World's First National Digital Wallet
- The Meet Group (MeetMe) Announces Closing of ~$500M Acquisition by eharmony Parent Parship Group
- O2 Investment Partners Invests in SIB Fixed Cost Reduction
- Exchange Technology Developer AlphaPoint Raises $5.6M in Latest Funding Round -- CoinDesk
- AlphaPoint Raises $15 Million Series A Led by Galaxy Digital Ventures
- OpenX Named a Top 10 Company on Forbes' "America's Most Promising Companies" List
- OpenX Bids to Lead Display Ad Boom With LiftDNA Purchase
- Business Insider: Here's How I Sold That Startup For $100 Million (MyYearbook)
- Facebook For Latinos Quepasa Buys MeetMe For $100 Million In Cash And Stock -- TechCrunch
People
Vadim Telyatnikov – Managing Partner
A serial entrepreneur, Vadim brings experience managing a team of 40+ focused on managing client revenue as well as experience building scalable technology platforms focused on aggregating and processing large amounts of data to make price optimization decisions.
Prior to Cvetlo, Vadim was the Senior Vice President at OpenX Lift. Ranked #7 in the Forbes Americas Most Promising Companies of 2013 List, OpenX is a global leader in digital and mobile advertising technology, serving four trillion ad impressions in 2012. Before its acquisition by OpenX in February 2012, Vadim was the Founder & Chief Executive Officer of LiftDNA, a digital advertising company focused on managing online publisher ad revenue by making real time pricing predictions for over 10 Billions Ads Per Month.
Vadim continues to nurture his passion for and belief in technology startups today through Cvetlo, by giving seed investments and guidance to energetic entrepreneurs in the technology sector.
Previous to creating LiftDNA, Vadim served as the Director of Ad Operations at MyYearbook.com, the largest teen site in the US which was acquired by Que Passa (TICKER:MEET).
Vadim is also currently a board member to EasyCopay, a smarter way to pay for prescription drugs; a board member to Independence LED, a LED tube manufacturer; and a founder of Admire Capital, a systematic value and activist hedge fund.
Igor Telyatnikov, Managing Partner
Igor Telyatnikov is an investor, entrepreneur, and operator of technology companies with over 15 years of experience. While he’s spent time as a professional investor, his heart is in operating and growing innovative companies — working hands-on with founders to help scale their businesses.
Most recently, Igor was Co-Founder and CEO of AlphaPoint, a global leader in digital asset trading infrastructure, where he drove the business from its infancy to a market leader, raising $24M and guiding the company through multiple stages of growth. Under his leadership, AlphaPoint supported over 150 institutions globally, including banks, exchanges, fintechs, and government-backed initiatives such as El Salvador’s Chivo Wallet.
Earlier in his career, Igor served as Managing Director of Cvetlo, an early-stage venture firm, and led West Coast Business Development for LiftDNA (acquired by OpenX in 2012). He holds a B.S. in Marketing, Business, and Economics from Penn State University.
Igor is excited to bring his experience as both operator and investor to help other founders navigate and win in their markets.
Portfolio

Token replaces keys, credit cards, and passwords.

Case is a hardware wallet and security device for the digital age.

LiftDNA is the only yield optimization platform to integrate directly into the publisher’s ad server.

#1 social media site for teenagers.

The better way to pay and save for prescription drugs.

OpenX is a global leader in digital advertising technology and services, enabling digital media companies to manage and maximize their ad revenue. Our unique platform combines ad serving, a real-time bidding (RTB) exchange, yield optimization, and content valuation to deliver the highest revenue across every desktop, tablet, and mobile screen.






