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

Selectel Overview

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

RussiaSaint Petersburg

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

Selectel valuation by funding round
DateStageValuationRevenue Multiple
Dec 2025Secondary$2.6B19.7x

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

Selectel revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2025$130M$2.6B19.7xSecondary

* 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

Selectel funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025SecondaryILLC Catalytic People (lead)-$2.6BSelectel 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 2014SeedLVL1 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

Investors in Selectel by funding rounds participated
InvestorHQRoundsRoleFirst check

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Selectel Competitors

Selectel competitors include listed companies like Sinnet Technology and VNET Group, and private ones like Lambda, Starcloud, Vultr and Yotta Infrastructure.

Public and private companies comparable to Selectel
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LambdaUnited StatesSan Jose, CAPrivate$400M-$2.5B6.3x
StarcloudUnited StatesSeattle, WAPrivate--$2.3B-
Sinnet TechnologyChinaChinaPublicly listed$1.1B$72M$3B3.6x
VultrUnited StatesWest Palm Beach, FLPrivate$150M-$3.5B23.3x
VNET GroupChinaChinaPublicly listed$1.5B$463M$1.7B3.7x
Yotta InfrastructureIndiaMumbaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Time Dotcom$438M$183M6.1x5.8x14.6x13.3x
SoftwareOne$1.5B$191M2.0x1.6x15.9x7.2x
Kingsoft Cloud$1.4B$414M2.2x1.8x7.5x5.8x
Netweb Technologies India$228M$30M12.3x9.0x92.4x67.4x
OVHcloud$1.2B$474M3.5x3.3x9.2x8.2x
Keel Infrastructure$229M($80M)11.2x18.2x(31.9x)(50.6x)
ChronoScale$72M$21M42.5x-147.6x-
Csquare$987M$375M8.7x-23.0x-

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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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