Haxus launches as venture accelerator for AI startups

Haxus Ltd announces its launch as a funded venture acceleration firm focused on early-stage startups involving artificial intelligence advances. Led by a team of serial entrepreneurs, the new firm is based in Cyprus.

“The AI revolution is starting, and young companies with great ideas need not just capital, but also practical advice, strategic guidance and help building key relationships. That’s what we’re here to do,” said Aleksey Gubarev, one of the two co-founders of Hexus. The other is Yuri Gurski.

The two founding partners have a long track record of successfully building up leading international businesses and bringing IT startups to the world.

  • Tech firms that Gurski founded, funded and/or advised have in recent years been acquired by Facebook, Russian internet giant Mail.Ru, the world’s largest online gaming firm Playtech and Israel’s Teddy Sagi.
  • Gubarev is the CEO of XBT, a hosting, data and web-development group he co-founded in 2005.It now works on three continents. Subsidiaries include Servers.com, Fozzy.com and SecureVPN.

 Haxus will provide seed and pre-seed capital, plus very strong business support, to startup teams with the potential to succeed on a large international scale. Typical investments will be $300,000 to $2 million for a minority stake.

The firm’s starting portfolio includes OWHealth, a U.S.-based digital health company, and the Prisma AI app, which turns photos into works of art and has been featured by The New York Times, Bloomberg, The Guardian and other international media.

“What we’ve done and will continue to do is take promising early tech projects to the next level: refining their ideas and models, developing their teams and scaling them fast,” Yuri Gurski said. “Until now we’ve been most active in Europe, but are ready to work with the right people anywhere.”

Back to the news