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- Selectel
Selectel Revenue, Valuation, Funding & Investors
Selectel is valued at $2.6B as of December 2025, a 19.7x multiple on its last reported $130M revenue.
Last Selectel valuation
$2.6B
Secondary · Dec 2025
Last Selectel funding round
$10M
Seed · Mar 2014
Selectel revenue
$130M
Secondary · Dec 2025
Key investors in Selectel
LVL1 Group
ILLC Catalytic People
About Selectel
Selectel is a St. Petersburg-headquartered provider of cloud and hosting services from six Tier-III data centers across Russia, including locations in Moscow and Novosibirsk. It supplies dedicated servers, colocation racks, virtual private servers, and public cloud infrastructure with a 100% uptime service level agreement. Additional offerings encompass DDoS mitigation, content delivery networks, and a proprietary fiber-optic backbone network spanning 10,000 kilometers. Founded in 2006, Selectel serves over 7,000 clients including Yandex and Kaspersky Lab, generating annual revenues exceeding $100 million.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription, Usage-based
Revenue
$130M (Dec 2025)
Valuation
$2.6B (Dec 2025)
Selectel Valuation
Selectel is currently valued at $2.6B, based on its secondary sale in December 2025.
The round was led by ILLC Catalytic People.
Selectel valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2025 | Secondary | $2.6B | 19.7x |
Selectel Revenue
Selectel's latest recorded revenue is $130M, as of its secondary sale in December 2025. At a $2.6B valuation, that implies a 19.7x revenue multiple.
Selectel revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2025 | $130M | $2.6B | 19.7x | Secondary |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Selectel Funding History
Selectel has raised a total of $10M across 1 funding round, plus 1 secondary share sale.
Selectel funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Secondary | ILLC Catalytic People (lead) | - | $2.6B | Selectel is a leading Russian provider of IT infrastructure, data center, and cloud services, serving over 31,000 customers by the end of 2025 with operations based on its own data centers. On December 29, 2025, ILLC Catalytic People, a joint venture between T-Technologies and Interros, acquired a 25% stake in JSC Selectel from existing shareholders, including entities owned by Gevork Vermishyan. The transaction value for the 25% stake was approximately RUB 16 billion. The deal implies a full company valuation of RUB 64 billion. Selectel reported revenue of RUB 13 billion in 2024, up 30% from RUB 10.2 billion in 2023, with revenues reaching RUB 13.5 billion for January to September 2025. In 2023, adjusted EBITDA was RUB 5.7 billion, up 35% year-over-year. Selectel ranks among the top players in Russia's data center and cloud markets, with companies like Selectel controlling significant market share alongside peers such as Rostelecom-Data Centre and DataPro. The transaction was funded by Catalytic People's cash flow from prior high-tech investments. |
| Mar 2014 | Seed | LVL1 Group (lead) | $10M | - | - |
Who has invested in Selectel?
2 investors have backed Selectel across its funding rounds, including LVL1 Group and ILLC Catalytic People.
Lead investors include ILLC Catalytic People and LVL1 Group.
Selectel Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialSelectel Competitors
Selectel competitors include listed companies like Sinnet Technology and VNET Group, and private ones like Lambda, Starcloud, Vultr and Yotta Infrastructure.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $400M | - | $2.5B | 6.3x | ||
| Private | - | - | $2.3B | - | ||
| Publicly listed | $1.1B | $72M | $3B | 3.6x | ||
| Private | $150M | - | $3.5B | 23.3x | ||
| Publicly listed | $1.5B | $463M | $1.7B | 3.7x | ||
| Private | - | - | $4.4B | - |
Selectel Public Comps
Selectel is still privately-owned, but its public comps include Time Dotcom, SoftwareOne, Kingsoft Cloud, Netweb Technologies India, OVHcloud, Keel Infrastructure, ChronoScale, Csquare, Megaport and DigitalBridge Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $438M | $183M | 6.1x | 5.8x | 14.6x | 13.3x | |||
| $1.5B | $191M | 2.0x | 1.6x | 15.9x | 7.2x | |||
| $1.4B | $414M | 2.2x | 1.8x | 7.5x | 5.8x | |||
| $228M | $30M | 12.3x | 9.0x | 92.4x | 67.4x | |||
| $1.2B | $474M | 3.5x | 3.3x | 9.2x | 8.2x | |||
| $229M | ($80M) | 11.2x | 18.2x | (31.9x) | (50.6x) | |||
| $72M | $21M | 42.5x | - | 147.6x | - | |||
| $987M | $375M | 8.7x | - | 23.0x | - | |||
This data is available for Pro users. Sign up to see all Selectel competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Selectel
| When was Selectel founded? | Selectel was founded in 2008. |
| Where is Selectel headquartered? | Selectel is headquartered in Saint Petersburg, Russia. |
| Is Selectel publicly listed? | No, Selectel is a private, VC-backed company. |
| What is Selectel's valuation? | Selectel was last valued at $2.6B in its secondary sale in December 2025. |
| How much funding has Selectel raised? | Selectel has raised $10M across 1 funding round. |
| What was Selectel's last funding round? | Selectel's last funding round was a $10M seed round in March 2014, led by LVL1 Group. |
| Who are Selectel's investors? | Selectel's investors include ILLC Catalytic People and LVL1 Group. |
| What is Selectel's revenue? | Selectel's latest recorded revenue is $130M (December 2025). |
| What is Selectel's revenue multiple? | Selectel's latest valuation implies a 19.7x revenue multiple ($2.6B valuation on $130M of revenue). |
| Which companies are comparable to Selectel? | Companies comparable to Selectel include Lambda, Starcloud, Sinnet Technology, Vultr, VNET Group and Yotta Infrastructure. |
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