Zubr Capital

Zubr Capital, established in 2009, is a technology-focused growth equity firm based in Limassol, Cyprus. It specializes in mid-market investments across Central Europe, with a particular focus on Belarus. The firm invests in growth-stage companies across various sectors, including IT, fintech, e-commerce, and SaaS, typically taking minority equity stakes. Zubr Capital has a 10+ year track record in private equity, with over 20 successful investments and exits. Its key investors include the European Bank for Reconstruction and Development (EBRD) and FMO (Dutch Development Bank). The firm aims to foster capital market development, create a robust financial ecosystem, and promote equity investments in the region.

Viktar Dzenisevich

Investment Director and Partner

Oleg Khusaenov

Founder and CEO

Timofei Marcinkevich

CFO

Nikolay Shestak

Partner

Artem Strelchenok

Investment Manager and Partner

Past deals in CIS

Larixon Classifieds

Private Equity Round in 2024
Larixon Classifieds is a network of classified advertising platforms in some of the world’s fastest-growing internet markets. They are currently operating market-leading general classifieds and auto verticals in Mongolia, Tajikistan and Cyprus with more markets and categories in the pipeline. They appreciate the fact that classified advertising is the “winner takes all” industry. That’s why all their assets enjoy absolute leadership in their countries. Not only do they run countries’ leading marketplaces, but their projects are also the biggest local websites in their countries, sharing their place in the Top Ten with Google, Facebook, Youtube, Wikipedia and other global brands. They believe that by creating marketplaces of such scale, they enrich local economies and people by providing them with an opportunity to trade with each other in a more efficient way. They give them a tool which never existed before and which enables them to reach out to anyone in their country.

Myfin Group

Private Equity Round in 2020
Myfin Group is a financial services platform based in Minsk, Belarus, established in 2012. It operates as a marketplace for banking products, offering a range of online services that enable consumers to find loans, deposits, currency rates, and other financial information. As the largest marketplace for banking products in Belarus and one of the top platforms in Russia, Myfin Group provides technology-driven solutions that allow users to compare various financial offerings and select products that best meet their needs. The platform fosters ongoing communication between the banking community, consumers, and businesses, enhancing the accessibility and transparency of financial information.

Mila Group

Private Equity Round in 2019
Mila Group is a retailer based in Minsk, Belarus, specializing in beauty and personal care products. The company provides a diverse range of items, including shampoos, lipsticks, eyelash care products, baby items, fashion accessories, health and household goods, as well as laundry bags and travel accessories. Mila Group operates both online and offline stores, facilitating convenient shopping options for customers.

Av.by

Acquisition in 2017
Av.by is an online automotive advertising platform based in Minsk, Belarus, that facilitates the sale, purchase, and maintenance of cars, light trucks, tires, and spare parts. Established in 2001, the platform serves as a crucial point of contact for private customers, autocenters, and advertisers, allowing users to connect efficiently. With approximately 360,000 monthly users and 140 million page views, Av.by actively monitors the relevance of its listings and responds promptly to user inquiries. This comprehensive service provides individuals with the necessary information and tools to navigate the automotive market effectively.

21vek.by

Private Equity Round in 2017
21vek.by is an online hypermarket based in Minsk, Belarus, specializing in a diverse range of products. The platform offers an extensive selection that includes household appliances, electronics, furniture, tires, plumbing equipment, and baby products, among others. In addition to retailing these items, 21vek.by provides various services such as installation, configuration, maintenance, and warranty support, enhancing the customer experience. By utilizing e-commerce, the company eliminates the need for traditional salesrooms, thereby streamlining the purchasing process and improving accessibility for clients.

SoftClub

Private Equity Round in 2014
SoftClub Ltd. is a software development company specializing in solutions for the banking and finance sectors. Founded in 1993 and headquartered in Minsk, Belarus, with additional offices in several countries, SoftClub offers over 30 products tailored to meet the needs of financial institutions. Its offerings include core banking systems, retail banking solutions, electronic depositaries, and remote banking applications, among others. The company serves a diverse clientele that includes banks, central depositaries, and government entities across multiple countries, including those in the CIS, Europe, and the United States. SoftClub generates revenue through software development, installation, support services, and license sales, ensuring a high technological standard and adaptability for its clients. Its products are implemented in over 40 banks, including many of the top institutions in the CIS region.

Atlant Telecom

Venture Round in 2011
Atlant Telecom is a prominent privately owned telecommunications operator in Belarus, specializing in fixed-line broadband services. The company provides a range of internet access services, focusing on broadband data transmission and the maintenance of local networks. In addition to its core offerings, Atlant Telecom delivers IPTV and cable TV services, and operates a video and audio library. The company also extends its services to include public wireless fidelity networks, cloud video surveillance, and licensed anti-virus protection, catering to various consumer and business needs in the region.

MTBank

Private Equity Round in 2007
MTBank provides various banking services. MTBank is a member of the Association of Belarusian Banks, the Community of Worldwide Interbank Financial Communications (SWIFT), international payment systems VISA International and MasterCard.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.