Internet Initiatives Development Fund is a Moscow-based venture capital firm that provides financial and expert support to early-stage technology startups in Russia and beyond. Since its founding in 2013, IIDF has invested in hundreds of tech startups, typically backing pre-seed to Series A rounds with a commitment in the range of several million to a few hundred million rubles. The firm focuses on a broad set of tech sectors, including internet services, fintech, big data, cybersecurity, IoT, edtech, healthcare, and hardware, and it supports portfolio companies through capital, mentoring, and industry connections. IIDF also operates programs to improve transparency and cooperation among entrepreneurs, investors, and state agencies, with a mission to make Russia more attractive for tech entrepreneurship and to develop a more accessible, transparent venture market.

Russian Ventures is a venture capital firm headquartered in Moscow, Russia. Founded in 2008, it focused on investing in internet and technology companies across Russia.

Ruvento Ventures is a Singapore-based incubation and venture capital firm that pursues direct investments and fund-of-funds in technology startups, with a focus on Southeast Asia. It backs early-stage ventures and participates in incubation programs, providing staged financing in Singapore: up to $0.04 million for proof-of-concept and up to $0.16 million for the commercial stage, and direct investments up to $0.5 million, with potential syndication up to $3 million. The firm targets sectors including AI, machine learning, IoT, hardware and robotics, cleantech, medical devices, biotechnology, additive manufacturing, data analytics, digital media, and e-commerce, emphasizing disruptive core technologies and enabling platforms. It operates globally, sourcing opportunities from CIS markets such as Russia, Moldova, Ukraine, and Belarus to bring expertise to Asian markets like China, India, and Indonesia. Ruvento maintains offices in Singapore and additional locations in San Francisco and Shanghai. It partners with founders delivering positive change and seeks to accelerate product development from concept to market.

Startup Lab is a Moscow-based venture capital firm and accelerator founded in 2018 that invests in pre-seed, seed, and early-stage startups. It focuses on companies based in Russia, the CIS and Eastern Europe, and supports ventures with capital and programmatic assistance to build networks, scale sales channels, optimize business models and internal processes, and prepare for international expansion. The firm targets early-stage opportunities with typical pre-seed investments up to 3.5 million rubles. Sectors of interest include pharmaceuticals, agriculture, edtech, fashion tech and retail.

AYR Capital is an independent private equity, venture capital and financial advisory firm focused on investments in Europe, Russia and the CIS, with activity in real estate, fast-moving consumer goods, oil and gas, energy, information technology and manufacturing. The firm also provides debt financing for growth opportunities and offers financial advisory services. Founded in 2014 and based in Moscow, AYR Capital pursues growth-oriented opportunities across CIS, Eastern and Western Europe and the United States, combining a disciplined risk management approach with a focus on value creation and strong relationships with investors and portfolio companies.

Established by Moscow's Department of Entrepreneurship and Innovation Policy, this fund promotes venture investment in small enterprises with a focus on scientific and technical spheres.

Impulse VC is a Moscow-based venture capital firm established in 2013. It funds and supports early-stage technology companies, focusing on seed to Series A investments in B2B software and SaaS, proptech, adtech, marketing technology, marketplaces, software, and gaming. The firm provides both capital and operational guidance to portfolio companies and conducts activities with international reach across the United States, United Kingdom, and Russia.

Starta Accelerator is a technology startup accelerator focused on Eastern European founders seeking entry into the United States. It operates a 14-week acceleration program and a 3.5-month mentorship track designed to help teams achieve product-market fit, gain traction, and integrate into the US startup and investing ecosystem. The program typically involves a 130,000 investment: 110,000 in program services and 20,000 cash in exchange for equity, with an additional 20,000 possible for high-performing startups. Founded in 2015, it is headquartered in New York City as a subsidiary of Starta Ventures, a broader group that also encompasses venture investment, education, and co-investing initiatives. Starta Accelerator emphasizes technology startups with European R&D roots and maintains a focus on Eastern Europe, including Russia.

Inventure Partners is a venture capital firm founded in 2012 and based in Moscow, Russia. It invests across seed to late-stage rounds in technology-driven companies, focusing on online financial services, software, e-commerce, mobile, digital media, marketing, B2B, internet software and telecommunications. The firm typically takes minority stakes and a board seat, investing roughly 0.5 to 5 million dollars with target enterprise values of 1 to 50 million. Exits are generally planned within five years, with possible extensions, and the firm looks for opportunities with potential IPOs in two to three years. Its geographic scope includes Russia, the United States, the CIS region, the United Kingdom and other European markets. Portfolio companies have included Gett (GetTaxi), the telehealth provider American Well, and Busfor, illustrating an interest in disruptive technology platforms and services.

Da Vinci Capital is an investment group focused on alternative investments, private equity and structured products. Founded in 2007 by Oleg Jelezko, the firm is based in Guernsey and London and operates in Russia and the CIS with exposure to emerging European markets, and maintains a presence in the United States and Western Europe. It targets mid-market and growth opportunities in financial infrastructure, payment processing, IT services and technology, and consumer and business services, typically investing $5 million to $100 million in companies valued at $100 million to $1 billion. The group seeks minority stakes, with the option for controlling positions in some buyouts, and aims for board representation where possible, planning exits through strategic sales, secondary sales or IPOs. Da Vinci Capital emphasizes a diversified approach through private equity and structured products and maintains offices and a network across Europe and the CIS.

Sistema Venture Capital is the venture capital arm of AFK Sistema, established in 2016 and headquartered in Moscow, Russia, with an additional office in London, United Kingdom. The firm specializes in investing in growth-stage technological companies and early-stage startups, primarily focusing on sectors such as artificial intelligence, machine learning, cognitive technologies, software as a service (SaaS), platform as a service (PaaS), internet of things, and virtual and augmented reality. Sistema Venture Capital aims to acquire both minority and controlling stakes, typically investing around $10 million in projects, to help establish market leaders within three to five years. The firm emphasizes its commitment to backing innovative internet and technology companies while avoiding investments in ventures where founders have lost control. Its investment strategy is global, targeting markets in the US, UK, Western Europe, Russia, Israel, and other CIS nations. Through its extensive network and expertise, Sistema VC provides support and mentorship to entrepreneurs, connecting them with valuable professionals and prospective partners.

Skolkovo Ventures is a Moscow-based venture capital and private equity firm that provides seed and growth capital to technology companies. It targets startups in the internet of things, fintech, virtual reality and augmented reality, robotics, unmanned technologies, intelligent power engineering, predictive analytics, artificial intelligence and big data, cybersecurity, digital technology in agriculture, additive manufacturing and new materials, and innovative food products. The firm typically invests between RUB 100 million and RUB 200 million per project (approximately USD 1.5–3.0 million). Founded in 2017, Skolkovo Ventures supports early- to growth-stage technology companies in Russia with a focus on scalable, innovative ventures.

TealTech Capital is a Moscow-based venture capital firm founded in the mid-2010s that invests in Russian startups across medicine, health, education, retail, robotics, and agriculture. The firm operates on teal-inspired management principles and positions itself as a strategic partner to help portfolio projects become independent through modern management practices and platform solutions. It emphasizes a customer-oriented, open and honest relationship with clients and investors. Through its approach, TealTech Capital aims to support projects from early stages to growth, focusing on sustainability and long-term value creation.

Primer Capital is a Moscow-based venture capital firm focused on early-stage investments in biotechnology, pharmaceuticals and related medical technologies. The firm backs projects across oncology, cardiology, rheumatology, surgery, medical devices and both branded and generic therapeutics. It pursues opportunities in Russia, Israel, Europe and the United States, with early equity investments typically ranging from 0.2 to 0.5 million dollars and a willingness to co-invest with other funds and investors. Primer Capital leverages a team of experienced professionals and a scientific advisory board to assist in project selection and development, and collaborates with venture funds, business angels, government agencies and medical institutions to support portfolio companies through fundraising and strategic partnerships.

VEB Ventures is a Moscow-based venture capital firm associated with Vnesheconombank. It was established to invest in high-technology projects linked to Russia’s Skolkovo Foundation and to support the government’s innovation programs. The firm has focused on funding companies in medical technology, biotechnology, and clean technology within Russia, aiming to build innovation infrastructure, facilitate technology transfer, and promote Russian innovations globally.

Prostor Capital is a Moscow-based venture capital firm established in 2011 by private investors, with co-founders including Leonid Reiman and Sergey Merkulov. It concentrates on profitable investments in Russian information technology and Internet companies at the stable growth stage (round A and above) with ready products and rapidly growing user bases. The firm targets tech-enabled companies with significant local or international sales potential, particularly in financial and advertising services, cloud technologies, innovative education, and digital medicine. The management team comprises Sergey Merkulov as managing partner, Alexey Solovyov as managing director, and Stanislav Kosorukov as investment director, who oversee strategy, operations, and deal evaluation. Prostor Capital has been recognized among leading Russian venture investors and maintains a portfolio of technology-driven companies.

The European Bank for Reconstruction and Development provides project financing and banking products to banks, industries and private enterprises, including loans for projects, equity and quasi-equity investments, equity funds for smaller enterprises, guarantees and trade finance. It also offers policy reform dialogue and advisory services and supports loan syndication. The bank assists privatization and restructuring of municipal services and invests across sectors such as energy, infrastructure, manufacturing, finance, telecommunications and real estate in Europe, Central Asia, and the Middle East and North Africa, with a focus on market transition and private sector development. Founded in 1991 and headquartered in London, it seeks to promote sustainable growth, job creation and higher living standards through financial support, advisory services and policy reform.

Sistema SmartTech is the corporate venture arm of Sistema, based in Moscow, Russia. Founded in 2020, it invests in early-stage Russian technology companies and focuses on high-technology sectors such as digital products and services, transport, IT in medicine, biotechnology, and artificial intelligence, as well as education, logistics, and digital solutions in industry.

New Industry Ventures is a Moscow-based venture capital firm established by Gazprom Neft, Gazprombank, Russian Venture Company and VEB Innovations. It invests in technology startups operating in oil and gas, petrochemicals, energy, logistics, new materials and alternative energy. The firm focuses on technologies for exploration, production, processing, transportation and storage of hydrocarbons, as well as energy transmission and industrial infrastructure. It also backs digital products and Industry 4.0 solutions, resource and energy-saving technologies, and innovative projects that advance the Russian oil, gas and energy sectors and related industries.

Vesna Investment is a venture capital firm based in Moscow, Russia. Established in 2011, it provides financing to internet startups and seeks investments across information technology, telecom, consumer services, retail, education technology, mobile and consumer applications, communications and networking, data storage and management, internet infrastructure and services, and media sectors. After investment, Vesna Investment acts as an active partner, offering support and expertise to portfolio companies.

Mint Capital is a private equity investment firm founded in 2000 and based in Moscow, Russia. It pursues growth and early-stage opportunities, investing in sectors such as business services, logistics, distribution, and IT services. The firm has raised private equity funds to support its investments and operates as an independent investor, providing capital and strategic backing to portfolio companies.

S-Group Capital Management was a Moscow-based private investment firm that specialized in late-stage venture, mature and growth capital investments across information technology, clean energy and new energy solutions, material sciences, biotechnology, and tourism and leisure. The firm is no longer investing.

Typhoon Digital Development is a Moscow-based venture capital firm founded in 2013 that focuses on pre-seed investments in digital projects and internet ventures. The firm targets opportunities in information technology, artificial intelligence and big data, the Internet of Things, and related telecom and online services, seeking early-stage teams with demonstrated potential. It collaborates with the Internet Initiatives Development Fund and has launched a startup aggregator to support and connect portfolio companies. The firm emphasizes applying its internet and data-centric expertise to early-stage projects and aims to back ventures that can scale in digital markets.

FPI Innovation Fund is a Moscow-based venture capital firm, founded in 2010, focused on investing in artificial intelligence, unmanned systems, chemical technologies, semiconductors, energy-saving and efficiency sectors.

PIKvc is a venture capital firm focused on supporting early-stage founders and their teams. It aims to build a community, take thoroughly calculated risks, and care for its companies throughout their entire lifecycle.

RUSNANO is a Russian company founded in 2007 and based in Moscow that focuses on commercializing nanotechnology developments. It invests in high-tech and nanotechnology projects, seeking to create or modernize production facilities in Russia and to support the development of technologies across sectors such as semiconductors, optics, energy, biomedicine, and advanced materials. The firm pursues direct investments as well as fund-based investments and maintains an international footprint with offices in Menlo Park and Herzliya Pituach and a U.S. subsidiary, enabling collaboration with North American and global partners.

Fastlane Ventures is a venture capital firm founded in 2010 that focuses on developing, launching and promoting internet startups. It combines seed investing with hands-on operational involvement to help portfolio companies grow rapidly, particularly in consumer internet segments such as online retail, travel, relationship, health and recruitment. The firm provides strategic guidance, resources and governance support, aiming to move ventures from concept to launch quickly and toward exit within a few years. It collaborates with international investors to fund its portfolio and helps portfolio companies scale through hands-on execution and network access.

Vostok Ventures is a venture capital firm founded in 2018 that invests in high‑technology companies. Its portfolio includes Russian and foreign firms operating in fast‑growing sectors such as energy, chemicals, medicine, information technology, the Internet of Things, agriculture, and advanced materials. The firm aims to support growth in Russia’s technology ecosystem and to nurture the development of the business environment in the Far Eastern Federal District.

Winter Capital Partners is a private equity and venture capital firm founded in 2015 with a global footprint that has included markets in Russia, the Middle East and Asia. It pursues growth equity and late-stage venture investments in consumer technology, financial services, education and healthcare, with a focus on tech-enabled sectors such as EduTech, FinTech, HealthTech and RetailTech. The firm typically targets minority stakes in venture deals and both minority and controlling stakes in private equity transactions, and it provides advisory services. It operates across growth markets and has managed funds totaling over a billion dollars in assets. In 2023 it was acquired by Rockstone Ventures.

SOLventures is a venture capital firm founded in 2013 and based in Nicosia, Cyprus. It pursues early-stage investments in information technology and e-commerce, with a focus on advertising, fintech, mobile, and related sectors. The firm targets opportunities across Russia, the United States, and Europe, leveraging the partners' diverse experience to help startups accelerate growth and deploy capital efficiently.

AltaIR Capital is a venture capital firm based in San Francisco, founded in 2005. It backs early and growth-stage startups across sectors including productivity tools, future of work, software as a service, fintech, insurtech, artificial intelligence, and digital health.

The Untitled is a venture capital firm that funds seed to growth-stage technology and digital-media ventures, with a focus on Russia and Eastern Europe. It makes direct equity or debt investments and operates multiple programs, including seed investments of roughly 0.08–0.15 million USD, club investments of 0.05–0.5 million, money program 0.08–0.15 million or loans up to 0.8 million, and growth-stage rounds of 1–3 million USD for Series A. The firm typically targets companies with a finished product or working prototype and measurable traction, across sectors such as retail technology, advertising, and consumer platforms in the region. Founded in 2011, the firm is described as headquartered in Riga with additional offices in Moscow and London.

Sistema Venture Capital is the venture capital arm of AFK Sistema, based in Moscow with an office in London. The firm targets investments in growth-stage technology companies worldwide, focusing on internet and software-enabled businesses and early-stage startups, with preference for companies in cognitive technology, artificial intelligence and machine learning, big data, robotics, SaaS and PaaS, marketplaces, Internet of Things, and related platforms, as well as education services, advertising technology and interactive journeys. It seeks to invest around ten million dollars for minority or controlling stakes to help establish market leaders over the next 3-5 years, typically targeting Series A rounds and beyond, and pursues opportunities across the United States, United Kingdom, Western Europe, Russia, Israel and other CIS and international markets.

Bright Capital is a global venture capital firm that invests in high-potential technology companies across sectors such as cleantech, energy, water, advanced materials, IT, telecom-media-technology, biotech, and other growth-stage opportunities. It pursues an approach described as merchant venturing and supports companies from early stage to growth, leveraging a worldwide network and strategic partnerships to drive profitability and liquidity. The firm emphasizes growth in CIS and Eastern Europe markets and seeks to back companies capable of becoming global market leaders through scaling and international collaboration.

Noventiq is a global solutions and services provider focused on digital transformation and cybersecurity. It delivers software and cloud, services, and hardware offerings and supports customers with cybersecurity solutions, IT infrastructure, multi-cloud deployment, transformation programs, and software asset management. The company operates in about 60 countries across Latin America, Europe, the Middle East, Asia Pacific, and India, delivering digital solutions and professional services to a diverse enterprise base.

Flashpoint is an international investment firm headquartered in London with offices in New York and Tel Aviv and additional presence in Budapest, Warsaw, Riga, and Nicosia. It manages roughly $600 million in assets and runs multiple funds across venture capital, growth debt, and direct secondary strategies, investing in high-growth technology companies originating in Europe and Israel. The firm attracts a diversified base of investors including family offices and high-net-worth individuals. Its portfolio includes Guesty, Chili Piper, and OfficeRnD, with exits such as Shazam to Apple and Chess.com to PokerStars founders and General Atlantic. Flashpoint pursues a multi-strategy approach to technology investing and emphasizes responsible development across themes such as e-learning and telemedicine.

Finstar Financial Group is an international private equity and venture firm founded in 1996. The firm focuses on fintech and diversified financial services, while historically engaging in information technology, real estate, consumer goods, retail, media and entertainment. It pursues acquisition and buyouts as well as direct investments in startups and growth-stage companies, often taking majority stakes and targeting investment sizes in the tens to hundreds of millions of dollars. With global reach, it operates across Europe, the United States, Asia, Latin America and the CIS, leveraging experience in launching new projects, restructuring, partnerships and mergers and acquisitions. The firm emphasizes advancing fintech ecosystems by supporting companies addressing underbanked or underserved markets, and aims to exit holdings through initial public offerings or strategic sales after typically three to five years. The group maintains offices in major markets and concentrates on creating value through strategic partnership, scale, and operational improvements.

Acrobator Ventures is a venture capital firm based in Amsterdam with a presence in Kyiv and Tbilisi, focused on early-stage technology startups across Europe and the CIS. It provides relationship-first capital, supporting pre-seed to seed and beyond, with a particular emphasis on infrastructure, market-enabling fintech, compliance, and AI/ML, as well as SaaS, cybersecurity, and other software-driven sectors. The firm backs founders with hands-on support, coaching, and access to an extensive network of angels, industry leaders, and strategic partners to help with product-market fit, go-to-market, and scaling. By combining capital with practical operational guidance and regional connectivity, Acrobator Ventures helps startups bridge Eastern and Western markets.

AddVenture is an international venture capital firm headquartered in Limassol, Cyprus. Founded in 2008, it invests in software, digital platforms, and technology-enabled services, including SaaS, mobile, e-commerce, retail, and vertical marketplaces. Its activity covers media and TMT sectors as well as health tech, home services, and food tech, reflecting a broad portfolio across software, consumer technology, and digitally driven ventures. The firm seeks opportunities across early- and growth-stage companies with scalable models and platform-enabled strategies.

Overkill Ventures is a venture capital firm headquartered in Riga, Latvia. Founded in 2017, it concentrates on early-stage business-to-business technology startups and supports them toward product-market fit, with a focus on companies across the Baltics, Nordics, Central and Eastern Europe, and the CIS regions.

RTP Global is a venture capital firm that backs early-stage technology companies with a global reach. It focuses on seed to Series B rounds and supports portfolio companies across AI and ML, SaaS, fintech, healthcare, e-commerce and education, often helping with scaling, international expansion and go-to-market. The firm has backed notable companies such as Datadog, DataRobot, Cred, Delivery Hero, Miro, Picsart, Socure, Qonto and dbt Labs. It operates with a global footprint, including offices in New York, London, Dubai and Bangalore to partner with founders and align interests through long-term relationships. RTP Global emphasizes partnerships, long-term value creation, and hands-on support across markets, leveraging a diverse team to facilitate expansion.

Startobaza is a Kazan, Tatarstan, Russia-based management company founded in 2011 by Svetlana Nikiforova that provides funding and consulting services for information technology projects and technology companies. It supports IT ventures by connecting them with capital and strategic guidance and has historically operated as a venture capital investor in the technology sector in Russia.

Klever Internet is a venture capital firm based in Russia that backs internet-enabled companies across a broad spectrum of growth stages, from incubation and seed to late-stage and emerging growth. The firm pursues opportunities across the startup lifecycle and operates as part of Klever Asset Management.

Cabra VC is a venture capital firm established in 2016 with a European footprint, including offices in Riga, Latvia; Limassol, Cyprus; and Moscow, Russia, and a global presence in the United States (Bay Area) and India (Delhi, Mumbai, Bangalore). The firm backs early to growth-stage startups across the United States, Europe, the Middle East and Asia, focusing on consumer, enterprise and software sectors, particularly SaaS, B2B and B2B2C models that are subscription-based or CAPEX-free. It emphasizes post-revenue opportunities alongside seed and early-stage rounds, with investment activity primarily targeting the United States and India.

Unicorn Capital Partners is a Moscow-based venture capital firm founded in 2019 that targets Russian companies in therapeutics, drug discovery, gene therapy, diagnostics devices, and medical information technology. It focuses on Series A and B investments, backing ventures developing breakthrough medical products and services to address unmet clinical needs in Russia.

RWM Capital Investment Group is a Moscow-based investment firm specializing in private equity and asset management. Founded in 2006, it pursues buyouts and growth capital investments across sectors including B2B, industrials, cleantech, health tech, life sciences, manufacturing, fintech, and related services, alongside real estate activities such as offices, warehouses, residential properties, and destination venues. Through its subsidiary, RWM Capital Asset Management, the group handles later-stage and growth capital, venture capital, and fund-of-funds activities, as well as mergers and acquisitions and diversification initiatives. The firm concentrates on opportunities in the Russian market, acquiring and developing companies and real estate assets with a multi-year horizon. It aims to create value through strategic positioning, operational improvements, and portfolio diversification, leveraging a cross-sector approach that combines private equity and real estate investments.

Singulariteam is a venture capital firm and angel investor founded in 2012 and based in Tel Aviv, Israel, with additional offices in Moscow, Auckland, Almaty, and Singapore. It concentrates on early-stage and seed investments in advanced technologies, including artificial intelligence, robotics, augmented and virtual reality, nanotechnology, and fintech. The firm assesses potential through the people behind ideas and aims to form long-term partnerships from the outset, providing hands-on support and professional guidance to help portfolio companies grow.

Digital Horizon is a venture capital firm that provides early- and growth-stage funding to startups. It targets companies in financial services, e-commerce, education, and enterprise software, with a focus on opportunities in Europe and Israel. The firm operates from Moscow, Russia, and maintains an additional office in London, United Kingdom.

Waarde Capital is a private equity and venture capital firm established in 2012 and headquartered in Capellen, Luxembourg, with additional offices in Amsterdam and Moscow. It invests across stages from seed and startup to growth and buyouts, targeting technology-oriented companies in high-tech, software, Internet, biotechnologies, and the digital economy. The firm pursues opportunities in Europe, the United States, Israel, Africa, and Southeast Asia, and provides debt financing and strategic support in addition to equity capital. Management combines entrepreneurial experience with long-standing investment know-how to back teams delivering scalable growth, often taking board seats to influence strategic direction. Waarde Capital emphasizes breakthrough technologies and emerging markets, aiming to accelerate value creation through hands-on execution, operational guidance, and international expansion.

SMRK VC Fund is a Kyiv-based venture capital firm established in 2013 that provides seed and early-stage financing to information technology startups. It invests in software-focused ventures, including mobile OS applications, casual and business software, and services that enhance the online presence of offline businesses, with both B2B and B2C models. The firm typically pursues minority stakes and participates in rounds ranging from approximately $0.1 million to $1 million. Its geographic focus includes Ukraine, Russia, Belarus and Central Europe, while it may invest in other regions. Notable portfolio companies include Allset, Preply, Competera and AJAX Systems.