Sberbank is the largest credit institution in Russia and the CIS, playing a vital role in the national economy. Founded in 1841 and headquartered in Moscow, the bank offers a wide range of corporate and retail banking products, including consumer loans, mortgages, deposit accounts, and various types of cards. It also provides personal banking services, payment solutions, and investments in securities, as well as asset management and insurance products. Sberbank caters to small businesses with business accounts, lending solutions, and merchant services, while also serving corporate clients with investment products, capital markets services, and trade finance. Additionally, it supports financial institutions through interbank lending and treasury services. The bank operates 11 regional banks and over 14,000 branches across Russia, with international operations in 18 countries, solidifying its position as a key player in the banking sector and accounting for a significant portion of the country's banking assets and deposits.

Baring Vostok Capital Partners is a private equity and venture capital firm established in 1994 and headquartered in Moscow, Russia, with additional offices in Limassol, Cyprus, and Guernsey, Channel Islands. The firm focuses on investing across a range of sectors, including natural resources, telecommunications, media, utilities, construction materials, specialty manufacturing, real estate, and technology. Baring Vostok engages in various investment strategies, such as early venture funding, acquisitions, buyouts, and growth capital, targeting medium-sized enterprises in Russia and the Commonwealth of Independent States (CIS). The firm is known for its significant involvement in the energy, software, and consumer services sectors, and typically prefers investments ranging from 30 million to 200 million, focusing on companies with enterprise values between 100 million and 200 million.

The Russian Direct Investment Fund (RDIF) is a government-backed investment vehicle established to stimulate foreign direct investment in Russia's emerging economy. With a capital base of $10 billion, RDIF focuses on making equity investments primarily within the Russian market. The fund targets various sectors, including agriculture, construction, logistics, aerospace, power, and pharmaceuticals, aiming to foster growth and development across these industries. By attracting foreign investments, RDIF seeks to enhance the overall economic landscape of Russia while providing opportunities for international investors.

Softline Venture Partners is a corporate venture fund established in 2008 as part of Softline Group, focusing on seed-to-early-stage investments in software technology companies within the Russian and CIS markets. The fund has invested approximately $20 million in 20 portfolio companies, with individual project investments ranging from $100,000 to $1 million. As a stage-agnostic investor, Softline Venture Partners engages with businesses across various technology sectors, including cybersecurity, cloud computing, Big Data, Artificial Intelligence, Internet of Things, and Edge Computing. The extensive reach and capabilities of Softline Group, which operates in 50 countries and serves over 60,000 customers, provide unique opportunities for its portfolio companies to scale their business models and enhance sales through established sales channels worldwide.

Rusnano is a principal investment firm based in Moscow, Russia, founded in 2007, with a focus on developing the nanotechnology industry and investing in high-tech projects. The firm specializes in both direct investments and fund of funds, targeting sectors such as scientific research, new materials, biotechnology, energy, and advanced manufacturing. Rusnano prioritizes projects that promise to establish new production facilities or enhance existing ones, seeking investments in companies forecasted to generate significant revenue within five years. Additionally, Rusnano operates subsidiaries, including RUSNANO USA, which invests in North America, and aims to co-invest in projects with substantial economic or social potential. The organization emphasizes innovation and aims to support the commercialization of developments in nanotechnology and related fields.

VEB Ventures fund was established by Vnesheconombank at the end of 2011 to invest in high technology projects of the Skolkovo Foundation. Key strategic goals of the Fund include support of the Russian government´s innovation programs, creation of innovation infrastructure in Russia, facilitation of advanced technologies transfer to Russia, and promotion of Russian innovations on the global market.

Otkritie Holding JSC is a comprehensive financial institution based in Moscow, established in 2014. It offers a wide range of banking services tailored to individuals, small and mid-sized enterprises (SMEs), and corporate clients throughout Russia. The bank emphasizes corporate investment banking, retail banking, and private banking, while also prioritizing high-tech services. Notably, its initiatives, such as Rocketbank and Tochka, deliver online-only banking solutions, catering to the needs of both individuals and business owners. With a resilient and diversified business structure, Otkritie aims to enhance its equity management and maintain its competitive edge in the financial sector.

Skolkovo Foundation, established in 2010 and located in Moscow, Russia, is a government organization that promotes the development of startups and venture capital in key sectors such as energy, information technology, biomedicine, nuclear technology, and space. It manages the Skolkovo Innovation Center, Technopark, Skolkovo Institute of Technology (Skoltech), and the Skolkovo city initiative. The foundation's IT cluster focuses on advancements in information technologies, while the biomed cluster nurtures innovations in biomedical technologies. The energy efficiency cluster aims to reduce energy consumption in various sectors, and the space technologies cluster develops projects related to space exploration and satellite navigation. Additionally, the nuclear technology cluster supports the creation of new products and materials for the power market. Skolkovo collaborates with major international companies, including Boeing, Cisco, and IBM, to foster research and development partnerships.

AddVenture is an international venture capital fund based in Nicosia, Cyprus, that focuses on specific sectors, including software, media, and technology, media, and telecommunications (TMT). The fund typically invests between $1 million and $10 million in promising companies within these industries. Through its targeted investment strategy, AddVenture aims to support innovative startups and foster growth in the sectors it specializes in.

Starta Ventures is a venture capital firm based in New York, focusing on early-stage investments in pre-seed to round A startups. Established in 2011, it primarily targets sectors such as B2B, Education and HR, Gaming and E-sports, LegalTech, FoodTech, and FinTech. The firm typically invests up to $200,000 in individual projects, with the potential to increase this amount to $500,000 through syndication, while seeking minority stakes of up to 10 percent in its portfolio companies. In addition to its venture capital activities, Starta operates Starta Accelerator, which began in 2015 and specializes in supporting technology startups with European R&D roots. This accelerator program, headquartered in New York City, offers a 14-week curriculum and mentorship, focusing on helping Eastern European founders adapt to the U.S. business environment. Starta Accelerator invests $130,000 in participating startups, combining program services with cash, and aims to integrate these startups into the local ecosystem. Together, Starta Ventures and Starta Accelerator have built a diverse portfolio of over 150 companies from various global backgrounds.

Altair LLC is a venture capital firm that focuses on investing in early and growth stage startup companies across various sectors. The firm seeks out businesses with disruptive ideas and significant return potential, aiming to support promising teams and key players in the startup ecosystem. Altair's portfolio includes notable companies that have emerged from top incubators, highlighting its commitment to fostering innovation and entrepreneurship. Through its strategic investments, Altair LLC plays a vital role in nurturing the next generation of industry leaders.

Flashpoint is an international asset management firm specializing in investments in software companies, particularly in the business-to-business (B2B) sector. Founded in 2012 and headquartered in London, the firm manages approximately $500 million in assets across six venture funds, including four venture capital funds, a venture debt fund, and a secondary fund. It focuses primarily on early-stage technology start-ups in Eastern Europe, Israel, and select markets in Central and Eastern Europe, as well as Finland. Flashpoint has invested in over 50 companies, including notable names such as Guesty, Chili Piper, and Office RnD, and has successfully completed eleven exits, including stakes in Shazam and Chess.com. The firm is backed by more than 120 family offices and high-net-worth individuals, and it operates offices in major cities such as Tel-Aviv, Budapest, Warsaw, Riga, and Nicosia.

Elbrus Capital is a private equity and venture capital firm based in Moscow, specializing in investments in early-stage, middle-market, and growth-oriented companies primarily in Russia and the CIS region. With a focus on sectors such as digital services, consumer goods, outsourcing, and healthcare, the firm aims to support businesses seeking significant growth and consolidation opportunities. Since its inception in 2007, Elbrus Capital has made over 90 acquisitions, investing between $30 million and $100 million in companies valued at $50 million to $100 million. The firm typically seeks significant minority stakes or controlling interests in its portfolio companies, which span various industries, including technology, media, and consumer services. Elbrus Capital's investment horizon generally ranges from three to seven years, emphasizing partnerships with ambitious entrepreneurs to enhance business development.

LETA Capital is a venture fund that specializes in investing in early-stage B2B software startups, particularly during the late seed and early growth phases. Founded by successful Russian IT entrepreneur Alexander Chachava, the fund aims to support innovative technology companies led by ambitious and skilled entrepreneurs. LETA Capital primarily targets startups in Eastern Europe and Israel, focusing on those with established sales in international markets. The fund recently raised $50 million for its second investment round and typically invests around $2 million in each venture. LETA Capital emphasizes long-term partnerships, providing not just capital but also expertise to help talented teams succeed. The fund has a proven track record, with three successful exits in 2017, including notable sales to major companies.

CapMan is a prominent Nordic private asset management and investment firm founded in 1989, with a focus on private equity, real estate, and infrastructure. With over 30 years of experience, CapMan has established a strong presence in the Nordic region and Russia, managing a diverse portfolio that spans various industries. The firm aims to enhance the value of unlisted businesses by fostering better organization and financial stability, which contributes to economic growth and societal well-being. CapMan operates through two primary divisions: CapMan Private Equity, which includes funds like the Growth Equity and Mezzanine funds, and CapMan Real Estate, which focuses on core and value-added real estate investments. The firm targets investments in sectors such as technology, retail, and residential properties, emphasizing the importance of quality environments and utilities for thriving communities. Through its international networks, CapMan seeks to create sustainable value for its investors while supporting innovation and job creation in the regions it serves.

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.

Promsvyazbank is a Moscow-based financial institution that has been operating since its establishment in 1995. It offers a comprehensive range of banking products and services for retail and corporate customers, as well as small and medium-sized enterprises. The bank provides savings accounts, deposits, consumer loans, mortgages, and credit cards, alongside investment brokerage services, mutual funds, and custody services. Additionally, Promsvyazbank offers various insurance products, including accident, travel, and property insurance. The bank has a significant presence in Russia, with approximately 300 offices and around 8,500 ATMs. In 2018, it was acquired by the Deposit Insurance Agency.

Winter Capital Partners is a private equity and venture capital firm established in 2015, based in Moscow City, Russia. The firm specializes in mid to late venture and growth capital investments, focusing on high-growth sectors including consumer technology, financial services, healthcare, education, and digital health. Winter Capital typically invests between $0.5 million and $5 million for venture capital and between $10 million and $100 million for private equity, often acquiring minority stakes in venture capital deals and both minority and controlling stakes in private equity transactions. The firm also offers advisory services and manages funds with over $1 billion in assets, targeting investments in emerging markets and Europe. In late November 2023, Winter Capital was acquired by Rockstone Ventures.

Private equity and venture capital fund, specializes in investments in telecom and Internet projects with investment volumes of US$ 2 to 5 million.

Emery Capital is an early and growth-stage venture capital firm that backs visionary entrepreneurs around the globe

Quadriga Capital Russia GmbH & Co. KG, founded in 1995 and headquartered in St. Petersburg, Russia, is a venture capital firm that has ceased making new investments. The firm specialized in providing growth, expansion, and development capital, primarily targeting companies in the manufacturing sector, including automotive and oil and gas components, as well as industrial services, consumer services, consumer goods, and media. Quadriga avoided sectors such as real estate, military, and equipment related to hard liquor. It typically invested between $0.3 million and $15 million in companies with capitalizations ranging from $5 million to $20 million, focusing on equity and equity-related deals valued between $4 million and $15 million in firms generating sales exceeding $10 million. Quadriga sought to obtain board representation and veto rights in its portfolio companies, generally acquiring minority or majority stakes of 25% to 51%. The firm preferred to exit investments within three to six years through various means, including buyouts or sales to third parties. Additionally, it operated offices in Moscow, Yaroslavl, and Nizhnii Novgorod and was a subsidiary of Quadriga Capital Eigenkapital Beratung GmbH.

Established in 1993, today Sistema is a large private investor operating in the real sector of the Russian economy. Sistema's investment portfolio comprises stakes in predominantly Russian companies from various sectors of economy, including telecommunications, utilities, retail, high tech, pulp and paper, pharmaceuticals, healthcare, railway transportation, agriculture, finance, mass media, tourism, etc. Sistema is the controlling shareholder in most of its portfolio companies. Sistema's competencies focus on improvement of the operational efficiency of acquired assets through restructuring and attracting industry partners to enhance expertise and reduce financial risks. Sistema's global depository receipts are listed under the symbol "SSA" on the London Stock Exchange (1 GDR is 20 ordinary shares) and the ordinary shares are listed under the symbol "AFKS" on the Moscow Exchange.

NP Capital is an international venture capital firm founded in 2018 and headquartered in Luxembourg, with a focus on early-stage technology investments. The firm targets companies that are transforming traditional industries such as finance, education, tourism, and gaming, while also exploring opportunities in sectors like artificial intelligence, machine learning, cybersecurity, and blockchain. With a specific emphasis on startups in Central and Eastern Europe, NP Capital aims to support innovative solutions that drive change and enhance efficiency across various domains.

Da Vinci Capital Management Ltd. is a private equity and venture capital firm that specializes in growth capital and a variety of investment stages, including buyouts, startups, and turnarounds. Founded in 2007 and based in Guernsey with offices in Moscow and London, the firm focuses on investments in sectors such as fintech, business services, technology, artificial intelligence, and cybersecurity. Da Vinci Capital primarily targets companies in Russia, the Central and Eastern European region, and other emerging markets, with a typical investment range of $5 million to $100 million in enterprises valued between $100 million and $1 billion. The firm often seeks significant minority stakes or controlling interests, aiming for active involvement in mid-market buyouts or board representation in larger companies. Its investment horizon generally spans two to five years, with exit strategies that include sales to strategic investors, secondary sales, or initial public offerings. Da Vinci Capital manages approximately $400 million in discretionary and advisory assets and employs a team of professionals with extensive experience in investment management and private equity.

RTP Global is an international venture capital firm founded in 2000 by Leonid Boguslavsky, originally as ru-Net. Based in Russia, the firm specializes in early-stage investments in technology companies, with a notable portfolio that includes over 50 successful ventures worldwide. RTP Global has been instrumental in supporting major European technology firms, such as Yandex and Delivery Hero, and focuses its investments predominantly in the US, Europe, and India. The firm offers extensive industry expertise and resources to entrepreneurs, partnering closely with founders to optimize business operations. RTP Global's investment interests span various sectors, including artificial intelligence, FoodTech, HealthTech, MediaTech, mobility, transportation, PropTech, FinTech, and e-commerce. The firm maintains offices in Moscow, New York, and Bengaluru, enabling it to leverage a global network to foster growth in its portfolio companies.

Gazprombank, established in 1990 and headquartered in Moscow, is the third largest bank in Russia, offering a diverse range of banking, financial, and investment services. The bank serves corporate and private clients, financial institutions, and institutional investors through its comprehensive offerings, which include corporate and retail banking, investment banking, and depositary services. Its capabilities encompass project and structured finance, syndicated loans, trade finance, and asset management, along with services in securities trading and foreign exchange operations. Gazprombank also has a significant presence in various sectors, including energy, oil and gas, telecommunications, and healthcare, and operates an extensive network of branches across Russia and abroad. The bank is involved in direct investments through its investment arm, focusing on energy efficiency, infrastructure, and high-tech industries. Notably, it owns Gazprom Media, which includes major media assets such as the NTV channel and Izvestia newspaper, enhancing its influence in both financial and media sectors.

United Capital Partners is a private equity firm based in Moscow, specializing in growth stage investments in small and medium-sized enterprises within Russia and the Commonwealth of Independent States. Founded in 2006 by Ilya Sherbovich and partners, UCP manages assets exceeding three billion US dollars, focusing on key sectors such as oil and gas, consumer goods, financial services, infrastructure, IT, and engineering. The firm seeks to capitalize on opportunities through investments and may consider recapitalization or partial sales to strategic buyers. United Capital Partners aims to exit its investments typically via an IPO within three to five years, demonstrating a commitment to effective investment strategies even in volatile market conditions. With a team of around 60 specialists, UCP has established itself as one of the largest financial investment groups in Russia.

Corporate VC fund of FunCorp. Investing in modern digital entertainment.

Winno Moscow, previously known as NumaMoscow, is a venture capital firm and accelerator based in Moscow, Russia. It focuses on both direct and indirect investments, emphasizing incubation, seed, startup, middle market, and recapitalization investments. The firm specializes in venture capital fund investments and primarily targets B2B startups across various sectors, including retail technology, fintech, edtech, HR technology, health technology, property technology, augmented and virtual reality, artificial intelligence, and media technology. Winno Moscow operates a six-month accelerator and growth program, offering seed funding of up to €25,000. The firm typically invests amounts ranging from $10,000 to $20,000 and aims to acquire a 10 percent equity stake in its portfolio companies. Its investment focus extends across Russia, the CIS, and Eastern Europe.

Prostor Capital is a Russian venture fund established in 2011 by a group of private investors, including notable figures from the IT industry. The fund focuses on profitable investments in dynamically growing companies within the IT and Internet sectors, primarily targeting projects at the stable growth stage with established technological products and a rapidly expanding client base. Prostor Capital prioritizes investments in Russian companies with significant local or international market potential, particularly those involved in innovative financial and advertising services, cloud technologies, education, and digital medicine. The fund is recognized as one of the top venture investment funds in Russia, both in terms of its performance and activity level. Its current investment portfolio includes 14 companies, showcasing a diverse range of technological ventures. The management team is led by experienced professionals, responsible for the fund’s strategic direction and operational oversight.

UFG Private Equity is a private equity and venture capital firm based in Moscow that specializes in growth capital, leveraged buyouts, and mezzanine financing for small and medium-sized companies in Russia and the Commonwealth of Independent States (CIS). Founded in 2005, the firm focuses on sectors such as healthcare, business processes outsourcing, telecommunications, technology, consumer staples, and retail, although it is not restricted to specific industries. UFG Private Equity typically invests between $15 million and $75 million in companies generating total revenues of $20 million to $400 million, seeking to acquire a majority stake of at least 25%. The firm generally aims to exit its investments within three to five years. With total investments and commitments exceeding $712 million across its funds, UFG Private Equity also offers co-investment opportunities for larger deals. It operates as a subsidiary of UFG Asset Management, which provides a broader range of asset management services in the region.

I2BF Global Ventures Ltd. is a venture capital firm founded in 2005 and based in Beverly Hills, California, with additional offices in New York, London, Moscow, and Astana. The firm specializes in early to late-stage investments, primarily focusing on technology-oriented companies within the clean technology and resource sectors. Its investment areas include renewable energy, nanotechnology, water purification, agriculture, aerospace, and digital solutions such as AI and IoT. With over $400 million under management, I2BF Global Ventures aims to support innovative companies that can contribute to a sustainable future. The firm has successfully invested in more than 60 startups and has a global investment strategy, targeting opportunities in Asia Pacific, North America, Europe, and Eastern Europe. It typically invests between $0.5 million and $10 million in its portfolio companies, benefiting from a team of sector experts who ensure a thorough and effective management approach.

Tealtech Capital Venture Fund is a venture capital firm specializing in seed and startups investments. It seeks to invest in medical technologies, medical services and healthcare sector in companies which solve problems in the interaction of patients and doctors. The firm focuses on health related mobile applications and services, miniaturization and integration of medical platforms, and application of artificial intelligence in medicine. The firm prefers to hold minority share. Teltech Capital Venture Fund was founded in January 2017 and is based in Moscow, Russia.

Russia Partners Management, LLC is a prominent private equity firm founded in 1991, specializing in a wide array of investment strategies including early venture, middle market, and turnaround investments. With over $1 billion in assets under management, the firm primarily focuses on sectors such as consumer goods, healthcare, industrials, technology, and financial services. It targets investments in the CIS region, particularly in Russia and neighboring countries, seeking opportunities that range from $5 million to $50 million. The firm typically pursues control or significant minority positions and may take board seats in its portfolio companies. Since its inception, Russia Partners has invested in more than 60 companies, including notable names like MTV Russia and EPAM Systems. Its team of about 20 specialized investment professionals combines local market expertise with advanced Western education, enabling the firm to attract institutional investments from the U.S. and abroad. As a wholly-owned subsidiary of Siguler Guff & Company, LP, Russia Partners emphasizes long-term partnerships with entrepreneurs, providing not only capital but also strategic insights to foster growth and sustainability.

VTB Capital, founded in 2008 and based in Moscow, is the investment banking division of VTB Group, a prominent financial services provider in Russia. The firm offers a range of investment management services, focusing on public equity and fixed income markets within the country. VTB Capital manages various investment funds, including a real estate fund that targets multi-family, office, logistics, and retail assets. As a subsidiary of VTB Bank, VTB Capital aims to leverage its parent company's extensive financial resources and expertise to enhance its investment strategies. The firm’s portfolio includes diverse assets such as loans to customers, derivative financial instruments, and financial investments, reflecting a comprehensive approach to asset management in the Russian market.

Access Industries is a privately held industrial group established in 1986 by entrepreneur and philanthropist Len Blavatnik. Headquartered in New York, with additional offices in London and Moscow, the firm focuses on long-term holdings across various sectors, including natural resources, chemicals, media, telecommunications, real estate, and venture capital. Access Industries is known for its strategic investments in the United States, Europe, and South America, and it manages a diverse portfolio that includes several market-leading companies. The firm also engages in asset management with a focus on biotechnology and entertainment, aiming to provide strategic equity to enhance its investment outcomes.

Bright Capital is a venture capital firm founded in 2010, originally based in Moscow, Russia. The firm adopts a merchant venturing approach and invests globally across various stages, including early-stage and late-stage ventures, as well as growth equity. Bright Capital focuses on breakthrough and disruptive technology companies, with a diverse portfolio that includes investments in energy, cleantech, efficiency, water, and advanced materials. Additionally, the firm engages in the telecom, media, and technology sector through its dedicated Digital fund.

A&NN Investments is a private equity and venture capital firm founded in 2002, based in Moscow, Russia, with an additional office in Cyprus. The firm specializes in a range of investment strategies, including seed/startup, early venture, and buyout investments, primarily focusing on the entertainment, media, and technology sectors. A&NN Investments targets companies with enterprise values up to $1 billion, sales values up to $500 million, and EBITDA up to $250 million, deploying personal capital with investments reaching up to $500 million. With over $2.4 billion in assets under management, A&NN Investments emphasizes friendly acquisitions of businesses that demonstrate strong fundamentals, growth potential, and clear exit strategies. The portfolio of the firm supports approximately 50,000 employees across its investments.

RBV Capital is a dedicated life sciences venture fund based in Moscow, Russia with partnership office in Wilen, Switzerland. We invest into diversified assets in pharmaceuticals, biologics, digital healthcare products and medical devices answering to an unmet medical and market need and with a potential for global outreach.

Klever Internet Investments Limited is a venture capital firm based in Russia, established in 2012. It specializes in investing in internet-enabled companies across various stages, including incubation, seed/startup, early venture, mid venture, late venture, and emerging growth. The firm is stage-agnostic, allowing it to engage with businesses at different development phases. As a subsidiary of Klever Asset Management, Klever Internet Investments focuses on identifying and nurturing innovative companies that leverage technology to drive growth and transformation in the digital landscape.

ABRT Venture Fund is a venture capital firm founded in 2006, with its headquarters in Atherton, United States, and additional offices in Greenwich, St. Petersburg, Moscow, and Zug. The firm specializes in various stages of investment, including incubation, seed/startup, early and mid-venture financing, as well as growth capital and bridge financing. It engages in fund of funds investments and venture debt, targeting a diverse range of industries and geographies. ABRT aims to support technology sector companies, particularly in consumer internet and enterprise software, with a noteworthy portfolio that includes firms like Veeam Software and Acronis. Established by Ratmir Timashev and Andrei Baronov, the founders of Aelita Software, ABRT leverages their extensive experience in the tech industry to identify and foster promising investment opportunities.

ZAO Leader is the venture capital arm of SOGAZ OJSC specializing in seed, startup, early stage, mid stage, and late stage. The firm prefers to invest in stage A and stage B, but also invests in startups as an exception. The firm also makes public equity investments and manages mutual funds for its clients. It prefers to invest in the industrial and energy innovations, advanced chemicals and petrochemicals, modern microelectronics, novel materials as well as high technology projects, media, information technology and telecommunications sectors. The firm seeks to invest between RUB50 million ($1.71 million) and RUB300 million ($10.28 million). ZAO Leader is based in Moscow, Russian Federation.

Innovestor is a Nordic venture capital investor and financial services company based in Helsinki, with offices in Jyväskylä, Stockholm, and Moscow. The firm specializes in providing funding and strategic insights to early-stage growth companies in various sectors, including commercial products, information technology, industrial, and cybersecurity. Innovestor Growth Fund III, launched in 2020, is focused on investing in growth opportunities across Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. For investors, Innovestor curates attractive investment opportunities in carefully selected companies, while for growth companies, it offers competitive funding terms and access to a team of experienced professionals and industry experts. Innovestor is supervised by the Finnish Financial Supervisory Authority.

Phenomen Ventures is a venture capital investment firm established in 2012 by Dmitry Falkovich. With a focus on internet and technology phenomena, it manages a portfolio of $200 million and operates across more than 60 countries, including the U.S., Europe, Asia, and Latin America. The firm is headquartered in London, with additional offices in Moscow and Tel Aviv, allowing it to tap into diverse markets and innovative startups.

Cabra VC is a venture capital firm established in February 2016, with its headquarters in Limassol, Cyprus, and additional offices in Moscow, Russia. The firm specializes in both direct investments in growth capital across various stages—seed, early stage, mid venture, bridge financing, expansion stage—and indirect investments in venture capital funds. Cabra VC focuses on consumer, enterprise, technology, and software sectors, particularly favoring subscription-based business models such as SaaS, B2B, and B2B2C. The firm targets investments between $0.1 million and $1 million, primarily in post-revenue startups located in the United States and India. Notably, Cabra VC avoids investments in cybersecurity, biotech, and blockchain industries. The team possesses over a decade of experience in launching IT and telecommunications services, which positions them as a valuable partner for startups aiming for rapid growth.

MTS Startup Hub is the innovation and investment division of MTS, focusing on early-stage investments through various initiatives, including a corporate accelerator and a 5G center. The firm specializes in venture capital investments in sectors such as business-to-business, information technology, e-health, entertainment, artificial intelligence, machine learning, and digital banking, among others. MTS Startup Hub aims to support startups that have the potential to commercialize their technology in the Russian market, either currently or in the future. The firm typically invests between $0.5 million and $2 million in companies generating a minimum revenue of RUB 300 million. MTS Startup Hub is open to co-investments and generally takes a minority stake in the businesses it supports. Established in 2018, the organization is based in Russia and encompasses various programs, including a fast-track initiative and foreign representative offices to enhance its reach and impact.

RWM Capital Asset Management is a Moscow-based private equity and venture capital firm established in 2005. The firm focuses on later-stage investments, including buyouts, mezzanine financing, and growth capital, primarily within the Russian Federation. RWM Capital specializes in various sectors, notably real estate, including Office REITs and logistics, as well as transportation, infrastructure, insurance, and industrials. The firm actively engages in mergers and acquisitions and fund investments, particularly in private equity and real estate funds. RWM Capital typically seeks to exit investments within three to five years and also launches and manages mutual funds for its clients. As a subsidiary of RWM Capital Investment Group, it plays a significant role in the investment landscape of Russia.

Parta Group is a private equity firm based in Moscow, established in 2008. The firm specializes in financing early-stage investments, primarily focusing on technology and entertainment projects. By targeting emerging companies in these sectors, Parta Group aims to support innovative ventures and foster growth within the industry.

ruNet Holdings Limited is a venture capital firm specializing in early stage investments. The firm invests in customer and technology companies including marketplaces, platforms, SaaS, Big Data, advanced IT automation, integration and outsourcing firms, and energy technologies with a focus on the internet sector. Within the internet sector it focuses on the e-commerce and e-entertainment sectors. ruNet Holdings Limited was founded in February 2000 and is based in Moscow, Russia.

Runa Capital is a technology-focused venture capital firm established in 2010, based in California. The firm manages three funds, with Runa I and Runa II each launched with $135 million and making 33 and 30 investments, respectively. Runa III, initiated in 2019, is currently in the active investment stage. Runa Capital targets early-stage software and technology companies, emphasizing sectors such as cloud computing, fintech, edutech, and digital healthcare. Its investment strategy includes a geographical focus on North America, Europe, and the Asia-Pacific region, with particular attention to Central and Eastern Europe, Turkey, and Israel. Individual investments typically range from $1 million to $10 million, with an average investment of $3 million to $5 million. Founded by experienced entrepreneurs, Runa Capital leverages its extensive operational experience and professional network to identify and support growth businesses that demonstrate potential for international success.