- Tatiana Evtushenkova is the 45-year-old CEO and managing partner at London-based Redline Capital.
- Her VC firm’s funds originate from her billionaire father Vladimir Yevtushenkov, documents show.
- Redline quietly deleted its team page as pressure mounts on UK businesses to review ties to Russia.
A venture capital firm run by the daughter of billionaire Russian oligarch Vladimir Yevtushenkov appears to have quietly deleted its team page from its website, as pressure mounts on Europe’s investment vehicles to review ties to Russia following its invasion of Ukraine.
Tatiana Evtushenkova, the 45-year-old CEO and managing partner at Redline Capital, launched the London-based venture capital firm in 2014.
Her firm’s funds originate from her father, according to an investor book published by the tech conference NOAH in May 2018.
Noah
Evtushenkova was listed prominently on Redline Capital’s website until at least Thursday March 3, when Insider and other publications drew attention to UK, European, and US technology investors that have or had close financial ties to Russian oligarchs or entities, including Redline.
The venture capital firm did not respond to requests for comment last week but, as of Sunday March 6, a team section listing Evtushenkova and other partners and staffers returned a 404 error. Redline’s website otherwise remains functional, and the company was issuing press announcements about startup funding deals as recently as March 1.
Shona Ghosh/Insider
Evtushenkova’s LinkedIn profile still states she is CEO/managing partner of Redline Capital.
Insider has approached Redline Capital for comment.
From Sberbank adviser to tech investor
Prior to launching a VC firm, Evtushenkova had served as an adviser for more than five years to the CEO of Sberbank, the Russian state-owned bank that has retreated from Europe following sanctions.
Her father Vladimir, 73, is the billionaire chairman and majority shareholder of Sistema, a Russian conglomerate established in 1993 that has grown to become one of the largest companies by revenue in Russia.
He has been a controversial figure among Russia’s oligarch class, having fallen in and out of favor with the state in recent years. He has previously drawn the ire of the Kremlin over Sistema’s acquisition of oil firm Bashneft, which he eventually relinquished to the state after being placed under house arrest in 2014 over accusations of money laundering.
But he later appeared to be back in favor, with reports stating he was part of a presidential delegation of representatives to Crimea later in 2014, which was annexed by Russia that year.
Yevtushenkov was also among the oligarchs summoned to meet with Russian president Vladimir Putin February 24, the day of the invasion. And Sistema was suspended from trading on the London Stock Exchange on March 4. He is not named on any western sanctions lists.
Mikhail Svetlov/Getty Images
According to Companies House filings in the UK, Yevtushenkov had been the majority owner of Redline Capital until at least August 2018, and had the right to appoint and remove directors.
Redline Capital invests in “fast-growing companies with differentiated technologies” across North America, Europe, and Israel, according to its website. The VC firm’s LinkedIn page says it has 13 employees at present.
Other firms in Europe with previously known links to the Russian state have publicly distanced themselves from the state as the war in Ukraine continues.
DST Global, a VC firm founded by Moscow-born billionaire Yuri Milner, acknowledged that a previous investor in one of its funds was Russian state-owned VTB Bank, though the firm said it had not raised capital from Russian limited partners since 2012.
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