Almaz Capital

Almaz Capital is an international venture capital firm based in Silicon Valley that specializes in investing in early-stage, capital-efficient technology companies. Founded in 2008, the firm aims to connect Eastern European and former Soviet engineering talent with the U.S. market, facilitating the development of global businesses. Almaz Capital targets high-growth sectors, including artificial intelligence, blockchain applications, data engineering, cybersecurity, industrial IoT, and networking infrastructure. The firm has a diverse group of investors, including prominent organizations such as Cisco and the European Bank for Reconstruction and Development. Over the years, Almaz Capital has invested in more than 30 portfolio companies and achieved nine successful exits.

Geoffrey Baehr

General Partner

Michael Bastholt

Partner and Chief Operating Officer

Pavel V. Bogdanov

General Partner

Tanya Dadasheva

Investment Director

Alexander (Sasha) Galitsky

Managing Partner

Irina Goryacheva

Marketing and Talent Aquisition Director

Aniruddha Nazaré

Partner

Victor Osyka

Associate

Daniil Stolyarov

Partner

Past deals in Russia

Vezet Group

Venture Round in 2017
Vezet Group is the largest ride hailing company in Russia. Established after the merger of two leading services, Taxi Saturn and RuTaxi, it operates in 100+ cities in Russia and CIS. Vezet Group operates the omni-channel model, providing riders the opportunity to request a ride both with the app or with a short phone call.

2can

Venture Round in 2015
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

iboxPro

Series A in 2015
In 2015 ibox merged with 2can ( SME mPOS provider in Russia ) Besides of mPOS, they have products and services that provide us additional income sources. 1. Payments — the all-in-one mobile payment and Point of Sale (POS) solution enable SMEs to process payments cost-effectively from E-wallets & Messengers. 2. Software as a Service (SaaS) — a platform for SME, merchants can drive business via a centralized SaaS toolkit. 3. Financial products — short term cash advances and short term loans to select merchants provided from their financial partners.

CarPrice

Series B in 2015
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

RoboCV

Series A in 2015
RoboCV is a company based in Moscow, Russia, specializing in intelligent autopilot systems for the logistics sector. Its flagship product, RoboCV X-MOTION NG, is a multifunctional system designed to automate the movement of pallet goods within warehouses. This system includes an electric pallet truck paired with the RoboCV AUTOPILOT, allowing for offline operation without a driver. The technology supports various logistical operations such as accepting goods, shipping, cross-docking, and order picking. RoboCV primarily serves warehouse operators, retail companies, and other businesses engaged in warehousing, aiming to enhance efficiency by replacing manual labor in routine tasks. Founded in 2012, RoboCV is focused on promoting the adoption of automated navigation systems to improve intra-warehouse logistics and facilitate the use of autonomous devices in transport.

Acumatica

Series D in 2014
Acumatica, Inc. is a provider of cloud-based business management software designed for small and mid-sized enterprises. The company offers a comprehensive suite of integrated applications, including Financial Management, Distribution Management, Project Accounting, and Customer Management, all built on a flexible cloud platform. These solutions help businesses manage essential functions such as financial reporting, inventory control, project budgeting, and customer relationship management. Acumatica also provides a development platform that allows software developers to create and customize applications for the cloud. The company serves various industries, including wholesale distribution, manufacturing, retail, and professional services, and offers support services such as training, consulting, and implementation. Founded in 2007 and headquartered in Bellevue, Washington, Acumatica has expanded its presence with additional offices in locations like Moscow and Singapore.

2can

Series B in 2014
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

YaClass

Venture Round in 2014
YaClass is an online education platform tailored for K12 schools, aimed at enhancing the learning experience for students while alleviating the administrative burden on teachers. The platform provides efficient and engaging e-learning solutions across various subjects, enabling educators to automatically assess student tests and generate shareable reports for parents and school administrators. By streamlining routine tasks, YaClass allows teachers to focus more on instruction and student engagement, ultimately leading to improved educational outcomes. The primary users of the platform are students and teachers, who benefit from its innovative tools designed to support school education.

Nival

Series A in 2013
Nival Group is an independent game developer based in Moscow, Russia, specializing in strategy and role-playing games for personal computers. Founded in 1996 by Sergey Orlovskiy, the company has established a reputation for innovation within traditional gaming genres. Nival began self-publishing its games in 2005 and has produced several successful titles, including the best-selling Heroes of Might and Magic V, Blitzkrieg, Silent Storm, and Etherlords series. The company's current projects include Blitzkrieg 3, a World War II real-time strategy game, the award-winning MOBA Prime World, and the collectible tower defense game Defenders 2. Nival operates multiple development studios located in Limassol, Cyprus, St. Petersburg, and Minsk, employing over a hundred professionals dedicated to enhancing the gaming experience through diverse gameplay and distinctive art styles.

Acumatica

Series C in 2013
Acumatica, Inc. is a provider of cloud-based business management software designed for small and mid-sized enterprises. The company offers a comprehensive suite of integrated applications, including Financial Management, Distribution Management, Project Accounting, and Customer Management, all built on a flexible cloud platform. These solutions help businesses manage essential functions such as financial reporting, inventory control, project budgeting, and customer relationship management. Acumatica also provides a development platform that allows software developers to create and customize applications for the cloud. The company serves various industries, including wholesale distribution, manufacturing, retail, and professional services, and offers support services such as training, consulting, and implementation. Founded in 2007 and headquartered in Bellevue, Washington, Acumatica has expanded its presence with additional offices in locations like Moscow and Singapore.

2can

Series A in 2012
2can (ZAO Smartfin) mobile terminal is the Russian equivalent of the U.S. Square service; this is a special application for smartphones (based on iOS and Android platform ) and a card reader, which turns a smartphone into a terminal for accepting Visa and MasterCard payment cards. 2can is a Russian startup created specifically for the development, implementation and operation of the payment service via smartphones. 2can Service was launched on the Russian market at the end of September 2012 and became the first Russian mobile acquiring service to comply with the relevant security requirements for card payments imposed by Visa and MasterCard international payment systems. 2can is the first Russian mPOS-service that sertified dual card reader (EMV+Magstripe) with VisaReady and PCI-DSS.

Pruffi

Series A in 2012
PRUFFI. Hunting Agency focused on researching and recruiting the best IT-specialists in the Runet companies. Our clients are media, digital and advertising agencies and the big internet companies here in Russia: Condenast, Groupon-Russia, Mail.ru Group, Rambler Afisha, Badoo, RuTube and others.

Travelmenu

Series B in 2012
Travelmenu is a leading online travel company in Russia and Ukraine, catering to various market segments including travel agencies, corporate clients, and individual consumers. The company stands out in the industry with its extensive product offering, featuring access to 250,000 hotels and 500 airlines, surpassing local competitors. Travelmenu achieves this through advanced technology, utilizing Amadeus and XML API connectivity to integrate with third-party services, thereby enhancing its service delivery and reach in the travel market.

AlterGeo

Venture Round in 2011
Founded in 2008, AlterGeo (formerly known as Wi2Geo) develops a hybrid positioning system which combines the advantages of navigation based on WiFi, WiMAX, GSM, GPS, CDMA, IP and several other methods, and is an author of Russia's leading cross-platform location-based social networking service AlterGeo. In November 2012, the company released in Russia an intelligent restaurant recommendation guide, Gvidi launched in the US in July 2013. AlterGeo has already been recognized internationally. In January 2013, the company won The Europas as the Best Russian Startup and was shortlisted for the Best Transport, Travel or Environmental Startup there. In 2012, AlterGeo was given the Bully Award, named finalist of Red Herring Top 100 Global and Europe, and included in Informilo's list of Russia's Top 25 Hottest Tech Companies. Products * The company's technological platform positions 30M+ devices and serves 170M+ locations on a daily basis. It includes back-end positioning algorithms, data of 110M+ unique WiFi and other radio signals spots and stations across the world, API for partners, and SDK's for all major mobile platforms, including iOS, Android, Symbian, Windows Phone 7, and Mac OS. * The social network, AlterGeo (http://altergeo.ru), helps navigate in and around cities. It provides an easy way to find new interesting places around, share current location with friends, give and receive useful recommendations, and get discounts and bonuses in restaurants and other recreational and business venues. AlterGeo is available at http://altergeo.ru and its mobile version http://m.altergeo.ru, as well as through free mobile applications for iOS, Android, Windows Phone 7 and Bada. Currently AlterGeo enjoys the audience of 1M+ users, mostly in Russia and Ukraine. * The mobile recommendations service, Gvidi (http://gvidi.me), studies its users' private preferences and social graph in order to give them highly personalized recommendations about certain surrounding cafes, bars and restaurants.

Travelmenu

Series A in 2011
Travelmenu is a leading online travel company in Russia and Ukraine, catering to various market segments including travel agencies, corporate clients, and individual consumers. The company stands out in the industry with its extensive product offering, featuring access to 250,000 hotels and 500 airlines, surpassing local competitors. Travelmenu achieves this through advanced technology, utilizing Amadeus and XML API connectivity to integrate with third-party services, thereby enhancing its service delivery and reach in the travel market.

Acumatica

Series A in 2009
Acumatica, Inc. is a provider of cloud-based business management software designed for small and mid-sized enterprises. The company offers a comprehensive suite of integrated applications, including Financial Management, Distribution Management, Project Accounting, and Customer Management, all built on a flexible cloud platform. These solutions help businesses manage essential functions such as financial reporting, inventory control, project budgeting, and customer relationship management. Acumatica also provides a development platform that allows software developers to create and customize applications for the cloud. The company serves various industries, including wholesale distribution, manufacturing, retail, and professional services, and offers support services such as training, consulting, and implementation. Founded in 2007 and headquartered in Bellevue, Washington, Acumatica has expanded its presence with additional offices in locations like Moscow and Singapore.

Yandex

Venture Round in 2009
Yandex is a multinational technology company based in Russia, recognized for operating the country's leading search engine and the most visited website. It is one of the largest internet companies in Europe, commanding a significant share of the search market in Russia, where it generated over half of all search traffic as of September 2015. In addition to its core search engine services, Yandex offers a range of internet-related services and operates in several countries, including Ukraine, Kazakhstan, Belarus, and Turkey, contributing to its extensive regional presence.