Almaz Capital

Almaz Capital is an international venture capital firm based in California that invests in early-stage, capital-efficient technology companies. It operates as a bridge between Eastern European and former Soviet engineering talent and the U.S. market to help build global businesses. The firm focuses on high-growth sectors such as artificial intelligence, blockchain, data engineering, cybersecurity, industrial Internet of Things, and networking infrastructure. Since its founding in 2008, Almaz Capital has backed more than 30 portfolio companies and achieved multiple exits, attracting investors including Cisco, the European Bank for Reconstruction and Development, and the International Finance Corporation. The firm's approach combines cross-border expertise with hands-on support to accelerate growth in technology startups across the United States and Europe.

Sasha Andreev

Venture Partner

Geoffrey Baehr

General Partner

Pasha Bogdanov

General Manager

Tanya Dadasheva

Managing Director

Alexander Galitsky

Co-Founder and Managing Partner

Aniruddha Nazaré

General Partner

Aniruddha Nazre

General Partner

Yoav Samet

General Partner

Daniil Stolyarov

Investment Director

Past deals in Ukraine

3DLOOK

Series A in 2021
3DLOOK is a technology company that develops artificial intelligence powered mobile body scanning and measurement solutions for the apparel industry. Its products include SAIA Perfect Fit, a plug-and-play solution, and SAIA 3D, which generates accurate 3D models of the human body, enabling made-to-measure and on-demand manufacturing, as well as virtual try-on. The company focuses on personalization in retail, helping brands deliver customized shopping experiences, improve conversions, and reduce product returns and apparel waste. By providing body data analytics, 3DLOOK enables better design, product development, inventory planning, and distribution decisions. Headquartered in San Mateo, California, with development and operations in Ukraine, 3DLOOK aims to streamline fitting and sizing, support uniform production at scale, and allow users to visualize body changes over time through AI-driven body composition tracking.

3DLOOK

Series A in 2021
3DLOOK is a technology company that develops artificial intelligence powered mobile body scanning and measurement solutions for the apparel industry. Its products include SAIA Perfect Fit, a plug-and-play solution, and SAIA 3D, which generates accurate 3D models of the human body, enabling made-to-measure and on-demand manufacturing, as well as virtual try-on. The company focuses on personalization in retail, helping brands deliver customized shopping experiences, improve conversions, and reduce product returns and apparel waste. By providing body data analytics, 3DLOOK enables better design, product development, inventory planning, and distribution decisions. Headquartered in San Mateo, California, with development and operations in Ukraine, 3DLOOK aims to streamline fitting and sizing, support uniform production at scale, and allow users to visualize body changes over time through AI-driven body composition tracking.

Jelastic

Series B in 2013
Jelastic, Inc. is a company that specializes in developing a cloud-based Platform-as-a-Service (PaaS) and Container-as-a-Service (CaaS) platform for developers and hosting service providers. Established in 2011 and headquartered in Palo Alto, California, with additional offices in Zhytomyr, Ukraine, and Malaga, Spain, Jelastic offers a comprehensive solution that supports a variety of programming languages, including Java, PHP, Ruby, Node.js, Python, and .NET, as well as custom Docker containers. The platform is designed to facilitate agile deployment models and automatic scaling for both stateless and stateful applications, allowing clients to manage their infrastructure efficiently without relying on proprietary APIs. Jelastic's features include collaboration tools, access control, monitoring, backup and disaster recovery, and built-in billing and analytics, all aimed at optimizing total cost of ownership through enhanced hardware utilization and density.

Jelastic

Series A in 2012
Jelastic, Inc. is a company that specializes in developing a cloud-based Platform-as-a-Service (PaaS) and Container-as-a-Service (CaaS) platform for developers and hosting service providers. Established in 2011 and headquartered in Palo Alto, California, with additional offices in Zhytomyr, Ukraine, and Malaga, Spain, Jelastic offers a comprehensive solution that supports a variety of programming languages, including Java, PHP, Ruby, Node.js, Python, and .NET, as well as custom Docker containers. The platform is designed to facilitate agile deployment models and automatic scaling for both stateless and stateful applications, allowing clients to manage their infrastructure efficiently without relying on proprietary APIs. Jelastic's features include collaboration tools, access control, monitoring, backup and disaster recovery, and built-in billing and analytics, all aimed at optimizing total cost of ownership through enhanced hardware utilization and density.

Travelmenu

Series B in 2012
Travelmenu is one of the Top 3 online travel companies in Russia and the Ukraine, addressing the travel agency (B2B), traditional corporate as well as the B2C market segments. Travelmenu’s distinctive strength is its market-leading product offering with connectivity to 250,000 hotels and 500 airlines, more than any of its local competitors, via Amadeus and XML API connectivity to 3rd parties.

AlterGeo

Venture Round in 2011
AlterGeo, established in 2008, specializes in developing mobile application software with a focus on location-based services. The company's core product is a hybrid positioning system that combines various methods like WiFi, WiMAX, GSM, GPS, and IP to determine users' locations accurately. AlterGeo is renowned for its social networking service, also named AlterGeo, which aids users in navigating cities, discovering new places, sharing locations with friends, and receiving personalized recommendations and discounts. The company's technology platform processes over 30 million device positions and 170 million locations daily, serving a user base of over 1 million, predominantly in Russia and Ukraine. Additionally, AlterGeo offers Gvidi, a mobile recommendations service that provides tailored restaurant suggestions based on users' preferences and social graph. The company has been recognized internationally for its innovative solutions, winning awards such as The Europas' Best Russian Startup and being shortlisted for the Red Herring Top 100 Global.

Travelmenu

Series A in 2011
Travelmenu is one of the Top 3 online travel companies in Russia and the Ukraine, addressing the travel agency (B2B), traditional corporate as well as the B2C market segments. Travelmenu’s distinctive strength is its market-leading product offering with connectivity to 250,000 hotels and 500 airlines, more than any of its local competitors, via Amadeus and XML API connectivity to 3rd parties.
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