The European Bank for Reconstruction and Development (EBRD) is a multilateral development finance institution established in 1990. Headquartered in London, it operates primarily in Central and Eastern Europe, the Caucasus, Central Asia, and the Southern and Eastern Mediterranean. The EBRD provides a range of financial products and services, including loans, equity investments, and guarantees, to support private sector development and promote sustainable growth. It serves various sectors such as agribusiness, energy, finance, and infrastructure, and also offers policy dialogue and advisory services. The EBRD has invested over €130 billion in more than 5,200 projects since its inception, playing a significant role in fostering change and economic development in its regions of operation.

One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startups in their early development stages. IIDF has invested in 402 tech startups. The Fund invests between 2.5M and 324M rubles in tech companies at early stages, i.e. pre-seed, seed and series A. The Fund also plans to launch a variety of educational programs and to perform a number of legislative initiatives. These steps will help to increase transparency and ensure effective cooperation between entrepreneurs, investors, and state agencies in the field of venture capital investments in Russian online-projects. IIDF's mission is to make Russia more attractive for tech enterpreneurs. They want to make the Russian venture market understandable and accessible to anyone who wants to begin or grow their Internet businesses.

Internet Initiatives Development Fund (IIDF), established in 2013, is a Moscow-based venture capital firm. It invests in early-stage companies across various tech sectors, including telecommunications, software, big data, machine learning, internet of things, and fintech, among others. IIDF operates globally, with investments in the United States, Asia, and Europe. The firm typically allocates between RUB 2.1 million to RUB 324 million per investment.

Founded in 2008, Russian Ventures was a venture capital firm based in Moscow, Russia. The firm sought to invest in companies operating in the internet and technology sectors across Russia.

The Russian Direct Investment Fund (RDIF), established in 2011 and headquartered in Moscow, is a sovereign wealth fund designed to facilitate direct investment in Russia. With a reserved capital of $10 billion, RDIF collaborates with leading global investors to make strategic investments in both established and emerging Russian companies. The fund aims to attract foreign capital to the Russian economy, having successfully garnered over $40 billion through long-term partnerships. RDIF primarily focuses on sectors such as information technology, communications, networking, and technology, media, and telecommunications (TMT). Through its investment strategy, RDIF acts as a catalyst for economic growth and development within Russia.

USF originally set up to promote the development of the local startup ecosystem and today is the largest local angel investor with already 130 funded startups and the most extensive startups database and stakeholders (over 3,000 applications).

Google for Startups is an initiative launched in 2011 that focuses on supporting startups globally by providing access to Google's products, connections, and best practices. The program partners with over fifty leading startup organizations to foster entrepreneurial ecosystems in more than 135 countries. It offers various resources, including financial support and exclusive programming, to help these partners and their startups thrive. Central to this initiative are six Google for Startups Campuses located in London, Tel Aviv, Seoul, Madrid, São Paulo, and Warsaw. These Campuses serve as collaborative spaces where startup founders can access mentorship, educational resources, and networking opportunities within their local communities. Startups benefit from free workspaces, community events, and a network of like-minded entrepreneurs, all aimed at nurturing their growth and innovation across diverse sectors such as healthcare, retail, finance, and technology.

Baring Vostok Capital Partners, established in 1994, is a private equity firm headquartered in Moscow, Russia, with additional offices in Limassol, Cyprus, and Guernsey. The company invests in various stages of growth and across diverse sectors, including technology, media, natural resources, and consumer goods, primarily in Russia and the CIS region.

SeedBlink is a crowdfunding platform based in Bucharest, Romania, founded in 2020. The company specializes in sourcing, vetting, financing, and scaling technology start-ups, positioning itself as a key player in the European investment landscape. By leveraging software and an exclusive network, SeedBlink aims to reduce barriers for both investors and founders, enabling access to venture capital opportunities. The platform serves a diverse range of sectors, including business products and services, energy, financial services, healthcare, consumer products, information technology, cleantech, oncology, mobile, cybersecurity, e-commerce, and health tech.

Ruvento Ventures, established in 2012, is a Singapore-based venture capital firm that invests globally in early-stage technology companies. Focusing on markets like Russia, Ukraine, and the Commonwealth Independent States, it identifies innovative startups in sectors such as AI, IoT, and biotechnology, aiming to bring their products and expertise to Asian markets. Ruvento provides initial funding of up to $0.5 million, with the potential to syndicate up to $3 million for promising deals. In Singapore, it runs an incubation program offering up to $0.2 million in two stages: proof-of-concept and commercialization. The firm is committed to backing exceptional teams that leverage technology to drive positive change in Southeast Asia.

Mail.ru Group, founded by Yuri Milner, is the largest Internet company in the Russian-speaking world and one of the largest in Russia. It operates popular social networking sites, instant messaging networks, email services, online games, and internet portals in Russia. The company also holds strategic equity stakes in various companies, including vKontakte and QIWI. Additionally, Mail.ru Group has minority stakes in global companies like Facebook, Zynga, and Groupon. With a diverse portfolio of internet services and investments, Mail.ru Group plays a significant role in the digital landscape of Russia and beyond.

Starta Ventures, established in 2011, is a New York-based venture capital firm with an additional office in Moscow, Russia. It specializes in investing in early-stage startups, from pre-seed to Series A, with a focus on B2B, Education and HR, Gaming and E-sports, LegalTech, FoodTech, and FinTech sectors. The firm typically invests up to $200,000 per project, taking minority stakes up to 10%. Starta Ventures also operates Starta Accelerator, a program designed to help Eastern European startups adapt to the U.S. market, gain traction, and integrate into the local startup ecosystem. The accelerator provides a 14-week program, mentorship, and up to $130,000 in funding in exchange for 7% equity. Additionally, Starta Ventures runs School of C, an executive education platform, and Liqvest, a co-investing platform.

The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.

Sberbank of Russia, founded in 1841 and headquartered in Moscow, is the largest credit institution in Russia and the Commonwealth of Independent States (CIS). It offers a wide range of banking products and services to individuals, small businesses, corporate clients, and financial institutions. Its offerings include consumer and education loans, mortgages, deposit accounts, and various types of cards, as well as personal banking services, cash transfers, and foreign exchange. Sberbank also provides investment services, mutual funds, asset management, and insurance products for real estate and vehicles. With a significant market presence, it holds a substantial share of retail deposits and corporate loans in Russia. The bank operates an extensive network of branches and regional banks across the country and has a presence in 18 countries internationally. The Central Bank of the Russian Federation is the principal shareholder, owning over half of the bank's shares. Sberbank has evolved into a universal commercial bank, emphasizing corporate banking, retail banking, and investment banking in its operations.

UniCredit is a major European financial group headquartered in Milan, Italy, offering a wide range of banking services to customers across numerous markets. Established in 1869, the institution has developed a significant presence with over 9,000 branches in 17 countries, employing more than 148,000 people. The bank provides personal and business banking solutions, including senior and subordinated debt, term loans, and revolving credit lines. UniCredit plays a crucial role in both Western and Eastern Europe, holding one of the region's highest market shares. The group is committed to driving innovation through initiatives like the UniCredit Start Lab Fintech Accelerator, which supports startups in the financial technology sector by providing co-working space, mentoring, and funding. Through these efforts, UniCredit aims to create a banking institution that meets the needs of all stakeholders and contributes to the economic development of communities throughout Europe.

Horizon Capital, established in 2006, is a private equity firm headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. The firm specializes in buyouts, growth capital, and expansion opportunities, focusing on later-stage investments in small and mid-cap companies. Horizon Capital primarily invests in Europe, Central and Eastern Europe, with a particular focus on Ukraine, Moldova, and Belarus. The firm seeks to invest between $5 million and $20 million in private companies, typically acquiring control stakes, and aims to liquidate investments within three to five years through trade sales or initial public offerings. Horizon Capital's investment strategy centers around industry leaders in fast-growing sectors, younger companies in consolidating sectors, and mature industries with growth potential. The firm prefers sectors such as light manufacturing, information technology, financial services, and consumer goods, among others. Backed by over 40 institutional investors, Horizon Capital manages funds with assets under management of over $1.1 billion, demonstrating a 25-year tenure in the region.

GapMinder Venture Partners BV is a venture capital firm established in 2017 and based in Romania. The firm specializes in making investments in early-stage companies, specifically at the Pre-Seed, Seed, and Series A stages. It focuses on B2B startups within various sectors, including IT software and services, fintech, cybersecurity, machine learning, and data analytics. GapMinder Venture Partners aims to identify and support innovative companies primarily located in Romania and other countries in Central and Eastern Europe.

Moscow Seed Fund is a venture capital investment firm established in 2005 and based in Moscow, Russia. Created by the Department of Entrepreneurship and Innovation Policy of Moscow, the firm focuses on promoting venture investment in small enterprises within the scientific and technical sectors. Moscow Seed Fund specializes in providing seed and pre-seed investments, specifically targeting companies located in the City of Moscow. Its mission is to support early-stage businesses that demonstrate potential for growth and innovation in their respective fields.

VEB Ventures is a venture capital firm based in Moscow, Russia, founded in 2017. It focuses on investing in companies within the medical technology, biotechnology, and clean technology sectors. The firm aims to support the Russian government’s innovation initiatives and promote the development of innovation infrastructure in the country. By facilitating the transfer of advanced technologies to Russia, VEB Ventures seeks to enhance the global competitiveness of Russian innovations.

SMRK VC Fund is a venture capital firm based in Kyiv, Ukraine, established in 2013 by Oleksandr Kosovan and Andriy Dovzhenko. The firm specializes in investing in pre-seed, seed, and early-stage companies, primarily focusing on information technology startups. Its investment strategy encompasses a diverse range of sectors, including software for mobile operating systems, casual and business software, and services aimed at both consumers and businesses. SMRK VC Fund targets projects based in Ukraine, Russia, Belarus, and Central Europe, while also considering opportunities in other regions. The firm typically invests between $0.1 million and $1 million, seeking to acquire a minority stake in its portfolio companies. Notable projects funded by SMRK include Allset, Preply, Competera, and AJAX Systems.

Startup Wise Guys, established in 2012 and headquartered in Tallinn, Estonia, is a leading early-stage investor and accelerator in the Central and Eastern European (CEE) region and the Nordics. It offers a world-class, up to five-month accelerator program focused on validating, developing, and selling products to business customers, with a particular interest in Sustainability, B2B SaaS, Fintech, Cybersecurity, and XR sectors. The program, supported by over 200 international and local mentors, has accelerated more than 300 startups, with an 80% success and survival rate, and 11 major exits. Post-program, startups join an alumni community of over 300 startups across 40 countries, gaining access to invite-only events for business development and fundraising support.

Almaz Capital, established in 2008, is a venture capital firm headquartered in Portola Valley, California. It specializes in early-stage, capital-efficient technology investments, bridging the gap between Eastern European/former Soviet engineering talent and the U.S. market. The firm focuses on high-growth sectors such as artificial intelligence, blockchain, data engineering, cybersecurity, and industrial IoT. Almaz Capital has invested in over 30 portfolio companies and facilitated nine exits to date, with notable investors including Cisco, EBRD, and IFC.

The European Investment Bank (EIB), established in 1958, is a long-term lending institution owned by the EU Member States. Headquartered in Luxembourg, it offers a wide range of financing solutions, including project loans, loans to banks and intermediaries, venture capital funds, and equity investments. EIB also provides structured finance products, guarantees, and securitization instruments, along with advisory services for infrastructure projects, urban development, and small to medium-sized enterprises. Its portfolio is predominantly composed of loans (93.08%), with a small portion allocated to debt and fixed income, shares, and other assets. EIB's mission is to support European integration and social cohesion, primarily within the European Union and internationally.

Roca X is a privately funded venture capital firm based in Bucharest, Romania, established in 2018. The firm focuses on investing in early-stage technology companies, particularly those led by young entrepreneurs with innovative ideas that have the potential to impact society. Roca X targets businesses in the development stage, specifically those with a minimum viable product (MVP) or prototype. Its mission is to support disruptive ventures and help transform visionary concepts into reality.

Citi, a global financial services holding company, operates through two primary segments: Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment caters to retail customers, offering traditional banking services, Citi-branded cards, and retail services. The ICG segment serves corporate, institutional, and high-net-worth clients, providing a wide range of banking, financial, and investment services. Citi also manages approximately $4.3 billion in equity investments and committed capital through its global emerging markets private equity arm, CVCI. Additionally, Citi Ventures, the company's venture capital arm, invests in innovative ideas across sectors like fintech, data analytics, and digital assets, fostering growth and collaboration with Citi colleagues, clients, and the broader innovation ecosystem.

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.

Softline Venture Partners is the corporate venture capital arm of Softline Group, established in 2008 and based in Moscow, Russia. The firm focuses on investing in early to growth-stage companies primarily in Russia and the Commonwealth of Independent States. It has allocated approximately $35 million across more than 20 portfolio companies, with individual investments ranging from $300,000 to $3 million. Softline Venture Partners is stage agnostic and actively seeks opportunities in diverse technology sectors, including cloud computing, cybersecurity, big data, artificial intelligence, the Internet of Things, EdTech, and HRTech.

Mobile TeleSystems OJSC is a leading telecommunications group based in Russia, operating extensively in the CIS region. The company provides a comprehensive range of services, including mobile and fixed voice, broadband, and pay television, alongside various content and entertainment offerings. As of mid-2014, Mobile TeleSystems served over 100 million mobile subscribers across Russia, Ukraine, Armenia, Turkmenistan, and Belarus, a region with a population exceeding 200 million. Additionally, the company has established a significant fixed-line presence, with millions of households passed and a substantial number of residential subscribers, particularly in Moscow. Its primary revenue is derived from its telecommunications segment, while also engaging in fintech and other related services.

Presto I is an early-stage venture capital fund, managed by Presto Ventures, based in Prague, Czech Republic. Established in 2016, the fund invests in promising technology startups, focusing on business-to-business products and services, with a portfolio comprising 15 companies. It provides not only capital but also invaluable resources and guidance to support these startups in achieving both local and global success.

European Regional Development Fund encourages innovation, enhances regeneration, and provides support to businesses in the European Union.

The U.S. International Development Finance Corporation (DFC) serves as America's development bank, focusing on financing solutions to pressing challenges in the developing world. DFC collaborates with the private sector to invest in projects that foster job creation in emerging markets across various sectors, including energy, healthcare, critical infrastructure, telecommunications, and support for small businesses and women entrepreneurs. The corporation is committed to adhering to high standards that prioritize environmental sustainability, human rights, and worker rights in all its investments.

TA Ventures, established in 2010, is a global venture capital firm headquartered in Kyiv, Ukraine, with additional offices in Europe and the Cayman Islands. The firm specializes in investing in early-stage technology startups, focusing on sectors such as digital health, mobility & logistics, consumer tech, fintech, and enterprise software. TA Ventures typically invests between $0.25 million to $1 million in growth capital and seed/early series A startups, with the capacity for follow-on investments. The firm prefers to invest in companies based in Ukraine and Israel, and for growth stage investments, it looks for companies with a five to ten-year track record in these regions. TA Ventures also facilitates market entry for Western web companies into local markets through joint ventures. The firm does not take board seats or join advisory boards, instead co-investing alongside high-profile venture funds.

Tealtech Capital, established in 2016, is a venture capital investment firm based in Moscow, Russia. The company focuses on supporting early-stage Russian startups, particularly those in the consumer market, by employing innovative and modern management practices. Tealtech Capital is distinguished as the first investment fund in Russia adhering to the "teal" principle, which emphasizes customer orientation and transparency in dealings with clients and investors. By acting as a strategic partner, Tealtech Capital aims to empower projects to achieve independence and sustainable growth.

RUSNANO is a principal investment firm based in Moscow, Russia, focused on the commercialization of high-tech projects and nanotechnology investments. Established in 2007, RUSNANO aims to develop the Russian nanotechnology industry through direct investments in private equity and venture capital, as well as fund investments. The firm prioritizes projects in sectors such as scientific research, new materials, biotechnology, energy, and robotics, with a particular interest in initiatives that will establish or modernize manufacturing facilities within Russia. RUSNANO seeks to invest in projects projected to generate significant revenue within five years and often co-invests alongside other partners. It operates through various modes of investment, including equity stakes, loans, and credit guarantees. Additionally, RUSNANO has a subsidiary, RUSNANO USA, Inc., which focuses on middle and late-stage companies in North America that support global technology development in fields such as semiconductors and advanced materials.

Skolkovo Foundation is an independent non-profit organization based in Moscow, Russia, established in 2010 to promote innovation and entrepreneurship. It focuses on five key sectors: energy efficiency, information technology, biomedicine, nuclear technologies, and space technologies. The foundation supports startups and venture capital initiatives, aiming to foster advancements in these areas. Its IT cluster emphasizes the development of strategic information technology solutions, while the biomedicine cluster promotes innovations in medical technologies. The energy efficiency cluster works on reducing energy consumption in various sectors, and the nuclear technology cluster is involved in creating new products for the energy market and developing complex technological systems. Additionally, the space technologies cluster focuses on projects related to satellite navigation and space tourism. To facilitate its mission, Skolkovo Foundation manages the Skolkovo Innovation Center, Technopark, and Skolkovo Institute of Technology (Skoltech), and collaborates with numerous leading global companies in research and development partnerships.

Winter Capital Partners is a private equity and venture capital firm established in 2015 and based in Moscow City, Russia. The firm specializes in mid to late venture and growth capital investments, primarily in consumer technology, financial services, education, healthcare, and digital health sectors. It engages in global investments, typically allocating between $0.5 million and $5 million for venture capital and $10 million to $100 million for private equity. Winter Capital Partners generally takes minority stakes in venture capital investments and can hold both minority and controlling stakes in private equity deals. Additionally, the firm offers advisory services to its portfolio companies, leveraging its market expertise to support growth.

Accession Capital Partners, previously known as Mezzanine Management Finanz- und Unternehmensberatungs GmbH, is a private equity firm established in 2000 and headquartered in Vienna, Austria. The firm specializes in mezzanine financing, focusing on management buyouts, recapitalizations, and growth capital investments in mature, middle-market companies. Accession Capital Partners targets sectors such as financial services, healthcare, consumer goods, business services, manufacturing, and information technology, with a particular emphasis on new European Union member states in Central and Eastern Europe, including Poland, Slovakia, Romania, and Bulgaria. The firm typically invests between €5 million and €50 million in companies with sales values ranging from €10 million to €400 million, enterprise values between €20 million and €400 million, and EBITDA from €2 million to €50 million. Accession Capital Partners does not engage in investments related to real estate, alcohol, tobacco, firearms, project finance, startups, or high-tech companies. With a strong local presence and established relationships in the region, the firm has positioned itself as a preferred partner for financial sponsors and business owners.

Impulse VC, established in 2013 and headquartered in Moscow, Russia, is a venture capital firm that provides funding and operational support to technology and media companies. The firm focuses on seed to series A-stage investments across a range of industries, including business-to-business, software as a service, proptech, marketing technology, marketplaces, and adtech. With a diverse portfolio that includes companies from the USA, UK, and Russia, Impulse VC aims to support exceptional startups that operate on a global scale.

QIWI is a company that operates electronic online payment systems primarily in Russia, Kazakhstan, Moldova, Belarus, Romania, and the United Arab Emirates. Founded in 2007 and based in Nicosia, Cyprus, it offers a range of services through its various segments, including Payment Services, Consumer Financial Services, and Small and Medium Enterprises. QIWI provides payment solutions via a network of approximately 111,000 kiosks and 23,000 terminals, enabling transactions through its proprietary software. Its key products include QIWI Wallet, an online and mobile payment processing system that facilitates payments to merchants and peer-to-peer transfers, as well as Visa-branded prepaid cards. The company also offers installment payment card systems under the SOVEST brand and digital banking services for retail customers through Rocketbank and for small and medium businesses through Tochka. QIWI's focus on innovation is further exemplified by its venture initiatives to support new business ideas.

Catalyst Romania is a private equity investment firm established in 2012 and located in Bucharest. The firm specializes in providing early growth capital to small and medium-sized enterprises (SMEs) across various sectors, including technology and internet, media and communication, and technology-enabled services. By focusing on these sectors, Catalyst Romania aims to support and accelerate the growth of innovative businesses in the region.

Yandex is a Russian internet and technology company, operating the largest search engine in Russia and the most visited website in the country. It develops and provides a range of internet-based services and products, including transportation services, navigation products, and mobile applications, all powered by machine learning. Yandex's services span search and portal, e-commerce, mobility, delivery, entertainment, classifieds, and media, generating revenue primarily from its search and portal segment in Russia, Belarus, and Kazakhstan.

AVentures Capital is a venture capital firm based in Kyiv, Ukraine, founded in 1994. The firm focuses on early-stage investments in software technology sectors, including machine learning, big data, augmented reality, virtual reality, software-as-a-service, cloud services, enterprise solutions, web technologies, e-commerce, and mobile applications. It primarily targets Ukrainian-based companies and seeks to collaborate with entrepreneurs from Eastern Europe, particularly those building global businesses. AVentures Capital invests between $0.5 million and $10 million and utilizes personal capital for its investments. The firm also engages in fund of fund and secondary indirect investments, aiming to diversify its portfolio across various ventures, including consumer internet and B2B segments. Additionally, it has an office in San Francisco, California, and emphasizes co-investment opportunities with other investors.

I2BF Global Ventures Ltd. is a venture capital firm established in 2005 and headquartered in Beverly Hills, California, with additional offices in New York, London, Moscow, Astana, and Menlo Park. The firm specializes in investing across various stages of growth in technology-oriented sectors, particularly focusing on clean technology, nanotechnology, digital healthcare, and innovative solutions in areas such as energy, agriculture, aerospace, and telecommunications. I2BF Global Ventures has a global investment mandate, targeting opportunities in regions including Asia Pacific, North America, Europe, and Eastern Europe. The firm typically invests between $0.5 million and $10 million in its portfolio companies and has backed over 60 startups, achieving successful exits for 12 companies. With a team of technology and sector experts, I2BF Global Ventures aims to support companies that are poised to drive innovation and contribute to a sustainable future.

Early Game Ventures is a venture capital firm founded in 2018 and based in Bucharest, Romania, with a registration in the Netherlands. The firm focuses on early-stage investments in startups located in Europe's emerging markets, particularly in Romania. Early Game Ventures targets innovative sectors, including enterprise technology, consumer technology, hardware and electronics, as well as cleantech and wellness industries. The firm seeks to be the first institutional investor in promising startups, emphasizing founders with vested interests and coachability. By investing a maximum of EUR 3.5 million per startup, Early Game Ventures aims to support businesses that address significant market opportunities while also functioning as an accelerator to foster growth and development in its portfolio companies.

InVenture Partners is a venture capital firm established in 2012 and headquartered in Moscow, Russia. The firm focuses on seed, early, mid, and late-stage investments primarily in sectors such as online financial services, technology, marketing, digital media, mobile, and telecommunications. Its investment strategy targets companies located in Russia, the United States, the CIS region, the United Kingdom, and various European markets. InVenture Partners typically invests between $0.5 million and $5 million in businesses with an enterprise value ranging from $1 million to $50 million. The firm seeks to partner with companies that have the potential for an Initial Public Offering within two to three years and generally prefers to take a minority stake and secure a board seat in its portfolio companies. Notable investments include the on-demand service Gett, telehealth provider American Well, and the long-distance bus ticket platform Busfor. InVenture Partners aims for exits within five years, with the possibility of extending this timeline by an additional two years.

Flashpoint Venture Capital, established in 2012 and headquartered in London, is an international investment group managing six funds with a combined assets under management of approximately $500 million. The firm focuses on investing in Western tech companies founded by expats from Emerging Europe and Israel, with a particular interest in software, business products and services, and emerging technologies such as IoT, cybersecurity, and SaaS. Flashpoint has invested in over 50 companies, including notable names like Guesty, Chili Piper, and Office R&D, and has successfully exited from investments in Shazam (acquired by Apple) and Chess.com (acquired by PokerStars founders and General Atlantic). The company maintains offices in key locations across Europe and Israel to facilitate its investment activities.

Blackstone, founded in 1985, is a global investment firm headquartered in New York. It manages capital on behalf of pension funds and large institutions across various alternative asset classes, including private equity, real estate, debt, and real assets. The firm also offers fund of funds and multi-manager programs. Blackstone operates globally with offices in key financial hubs and is led by Chairman and CEO Stephen A. Schwarzman, President and COO Jonathan Gray, and Executive Vice Chairman Hamilton E. "Tony" James.

FunCubator, established in 2017 and headquartered in Limassol, Cyprus, serves as the corporate venture arm of FunCorp. The company focuses on investing in modern digital entertainment, targeting emerging technologies and sectors such as communications services, software, augmented reality, virtual reality, artificial intelligence, and eSports. FunCubator primarily directs its investments towards opportunities in Eastern Europe, seeking to nurture innovation and growth within the digital landscape.

AltaIR Capital, established in 2005 and headquartered in San Francisco, is a venture capital firm that invests in early and growth-stage startup companies across various sectors. They focus on companies with disruptive ideas and high growth potential, often investing in seed-stage ventures operating in areas such as productivity tools, future of work, software as a service, fintech, insurtech, artificial intelligence, and digital health. AltaIR's portfolio comprises key players in the startup industry, top incubator graduates, and promising teams.

Runa Capital, established in 2010, is a venture capital firm headquartered in Moscow, Russia, with a focus on early-stage technology investments. The firm manages three funds, totaling $405 million, and invests in rapidly growing tech sectors such as artificial intelligence, machine learning, and SaaS. Runa Capital seeks to support growth-stage businesses that generate revenues, helping them expand globally and become international champions. The firm's investment size typically ranges from $1 million to $10 million per company, with an average investment of $3 million to $5 million. Runa Capital's team comprises successful entrepreneurs with extensive operational and investment experience, spanning various industries and geographies, including North America, Europe, and Asia-Pacific.