The 2020 Net Profit of the Burfa Group Was Almost 80 Million Euros
According to the 2020 annual report, the consolidated assets of Burfa Capital OÜ, the parent company of the Burfa Group…
Investing into
the future
Introducing Burfa Capital. An organization with a number of subsidiary companies under its control, as well as an investment company focused on working with innovative projects and start-ups.
Always go
the extra mile
We strive not just to fulfill our promises, but to deliver solutions that exceed our customers’ expectations. We listen closely and work with every piece of feedback to resolve all the possible concerns before they arise.
Honesty is
the best policy
Burfa is an abbreviation of the toponym «Burkina Faso», the homeland of honest people. It is consistent with our company philosophy: we adhere to the principles of absolute transparency with all our stakeholders.
Reliability is the
key to trust
While we prefer having all the cards on the table, we guarantee absolute confidentiality and safety when it comes to sensitive information. Our clients, investors and employees can be 100% sure their private data remains safe and undisclosed.
Go somewhere new to
get somewhere new
To be one step ahead, you always have to start before you are ready. We dove headfirst in eight different industries and built powerful businesses. The secret of success is having reliable and like-minded people in your team.
We want to make
a world of difference
Innovators at heart and one of the fastest-growing companies in Estonia.
We dare to implement world-changing ideas that disrupt the local market and go far beyond it.
With our entrepreneurial mindset and exceptional technical expertise, we aim to become a recognized market leader and set trends and standards for IT services and solutions.
Burfa Capital is headquartered in Tallinn, Estonia with three more offices in Belgium, San Marino and Ukraine.
Our story
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June 2013Founded by two entrepreneurs from Ida-Virumaa who aimed to put Estonia on the global tech map with their large-scale hardware solutions.
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February 2015Foundation of Advendor, a leading affiliate network offering solutions in the various fields of CPA marketing.
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June 2017Polybius Foundation, a subsidiary of Burfa Capital, became the first company in Estonia to issue ICO tokens and introduce the concept of a token in the Estonian legal field.
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February 2018Our IT department scaled up and became a separate company called Cyberland. The company develops easily scalable software solutions for both new and existing business products.
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February 2019Burfa Capital entered the list of the top fast-growing companies in Estonia, whose work, according to the Estonian financial newspaper Äripäev, strongly contributes to the national economy.
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October 2019Burfa Tech was awarded first place in the ranking of the most successful IT companies in Estonia created by Estonian financial newspaper Äripäev.
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Present DayWhile our priority areas are IT, fintech and databases, Burfa Capital also has portfolio companies focused on real estate, digital marketing, software development, and AI/AR.
Ivan Turygin
Board member, co-founder
In real life, you have to work hard for what you believe in
The best fish swim near the bottom. Successful people leave no stone unturned, share their vision with the team and have a bit of luck to be in the right place at the right time.
No man is an island: a true leader should take responsibility and at the same time trust the employees with delegated tasks.
My children are the most significant achievement in my life. I take as much pride in our successful companies and projects as I do in my own children.
Sergei Potapenko
Board member, co-founder
The people close to me are the most significant achievement in my life
You cannot accomplish much without a clearly set goal. Whatever challenges come your way, maintain your sense of purpose: it will help you keep on the track.
A crucial part of success is a meticulously selected team. Colleagues who trust and respect each other deliver outstanding results.
My family, friends and colleagues are the most significant achievement in my life.
Nikolay Pavlovskiy
Chief Technology Officer
People who think freely and feel supported build the most remarkable companies
You only need two things to be successful: a little bit of patience and truly boundless curiosity.
To create a groundbreaking solution, someone brave must first take a leap of faith for others to follow. Why not you?
Technology is just an instrument, it won’t make you happy or rich. Being there for each other will.
What is important for us?
We are people-first
Burfa Capital is a people company with family values. Since 2013, we have expanded from a team of five like-minded individuals to over 100 people in four countries. Venturesome, honest and open-minded, our employees grow together with the company over the years and remain our most valuable asset.
At Burfa Capital, we learn by doing and appreciate ideas and innovations. We respect those who challenge the status quo, take responsibility and aim to get better at everything they do. We regularly attend conferences, business forums and various specialized industry events, as participants, speakers and sponsors.
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of those who joined the company within
the last six years are still with us.
We remember our roots
Our founders Ivan Turygin and Sergei Potapenko come from Estonia, a country with 1,3 million citizens and four unicorn start-ups. As Burfa Capital scales up and expands geographically, we keep investing in the future of our home country and people living next to us.
In 2019, our subsidiary Burfa Tech in cooperation with Enefit Technology Park completed the construction of the largest computing center in Northern Europe. It will provide the customers with cloud computing, graphical rendering, artificial intelligence and machine learning services.
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Apart from that, we sponsor the children’s
football team “Phoenix” (Jõhvi).
We create opportunities for the youth
As an innovative company, Burfa Capital participates in sTARTUp Days and collaborates with the Tallinn Technical University to hire the brightest minds. Creative and independent young professionals cooperating with experienced seasoned employees help us create successful solutions and companies.
Our team
Anton Altement
Co-Founder and CEO, Polybius
Maksim Jevsejev
CEO, Advendor Network
Pavel Ivanov
Board Member and CEO, Burfa Real Estate
Sergii Vakula
CEO, Codiv Ukraine
Arkadi Zaitsev
COO, Cyberland
Pavel Borozdin
CTO, Cyberland
Samir Mastaki
Co-Founder and CEO, Nuland
Vadim Vohmyanin
CEO, Lokimo
Burfa Capital brings together over 110 top specialists with a passion for technology. Our engineers, developers, designers, editors, market and sales experts work together as one team to keep Burfa Capital one step ahead of the industry.
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Burfa tech
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Burfa media
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Burfa real estate
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Polybius
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Advendor
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Cyberland
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Apico
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Lokimo
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Nuland
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Codiv Ukraine