The European Bank for Reconstruction and Development (EBRD) is an investment firm established in 1991 to support the development of market economies and democracies in Central and Eastern Europe and Central Asia. As the largest single investor in the region, the EBRD focuses on private enterprises, investing primarily in minority equity positions and participating in private equity funds that target medium-sized companies seeking expansion. The firm mobilizes significant foreign direct investment and provides project financing for a variety of sectors, including banking, industry, and municipal services. It collaborates with publicly owned companies to facilitate privatization and restructuring efforts. The EBRD operates in countries committed to democratic principles and emphasizes strong corporate governance and environmental respect in all its investments. With a portfolio exceeding €130 billion across over 5,200 projects, the EBRD has also extended its financing initiatives to the Middle East and Africa, leveraging its expertise to foster economic growth and transformation.

Horizon Capital is a private equity firm established in 2006 and headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. It specializes in buyouts, growth capital, and expansion investments, primarily focusing on later-stage opportunities in small and mid-cap companies. The firm invests in various sectors, including light manufacturing, information technology, financial services, fast-moving consumer goods, and e-commerce, with a particular emphasis on industry leaders and companies with consolidation potential. Horizon Capital manages four funds with assets exceeding $850 million and is backed by over 40 institutional investors. The firm actively seeks to partner with visionary entrepreneurs and aims to generate value through governance and operational improvements. Investments typically range from $5 million to $20 million, with a preference for acquiring control stakes, though minority interests are also considered. Horizon Capital generally seeks to exit its investments within three to five years via trade sales or initial public offerings. With a team that boasts over 75 years of regional investment experience, the firm is committed to integrity, transparency, and successful value creation.

TA Ventures is a venture capital firm established in 2010 and based in Kyiv, Ukraine, with additional offices in several international locations. The firm specializes in growth capital and early-stage investments, primarily targeting sectors such as digital health, mobility and logistics, consumer technology, fintech, and enterprise software. TA Ventures typically invests between $250,000 to $1 million in established companies, focusing on those with proven business models and strong unit economics. The firm prefers to invest in startups located in Ukraine and Israel, often collaborating with high-profile venture funds rather than leading investment rounds. While TA Ventures does not take board seats or advisory roles, it offers support by leveraging its extensive network to facilitate access to additional co-investors and resources, particularly in Central and Eastern Europe. The firm emphasizes equity investments and has the capacity for follow-on funding to support the growth of its portfolio companies.

Inovo Venture Partners is a venture capital firm focused on the CEE region with over €50m in AUM. We are proud to be recognized as the best VC investor in Poland by both the entrepreneurs (Golden Book of Venture Capital in Poland 2018 published by Startup Poland Foundation, and the investment industry (House of the Year - Venture Capital by Polish PE/VC Association. We are a group of investment and entrepreneurial professionals who so far invested and helped over 20 companies (both through the fund and as business angels). Our experience encompasses Rocket Internet, Booksy, Google, McKinsey, Rothschild, Penta, and Coca-Cola. Among our investments from the first fund, you will find Booksy, Brand24 (IPOed), Restaumatic, ECC Games (IPOed), and others. In the second one, we've been fortunate enough to support companies like Allset, Tidio, Infermedica, Spacelift, and Intiaro. We invest in high-growth tech companies at Seed & Series A stages, that are transforming their industries and support the ones who dare to fight to dominate their markets. Our expertise (and investment sweet spot) is in SaaS, marketplaces, ideally working together

Startup Wise Guys is a prominent early-stage investor based in Tallinn, Estonia, recognized as one of the leading venture capital funds in the Central and Eastern European (CEE) region and the Nordics. Since its inception in 2012, it has operated a renowned startup accelerator that has supported over 165 startups, primarily in sectors such as B2B SaaS, Fintech, and Cybersecurity. The intensive three-month program aims to validate, develop, and market products to business clients, benefiting from the guidance of more than 200 mentors. The accelerator culminates in Demo Days and attendance at major tech events, providing startups the opportunity to pitch to investors. With a startup survival and success rate exceeding 77%, the program has facilitated two major exits and fosters a robust alumni network of over 145 startups across more than 40 countries. Additionally, Startup Wise Guys manages specific funds targeting investments in various sectors, including technology and clean tech, with a focus on early-stage ventures.

Full Investment Portfolio: Long-term government bonds with an embedded option: 80.76% Middle-term government bonds denominated in foreign currency: 5.50% Short-term government bonds: 10.02% Long-term bonds issued by the State Mortgage Institution: 0.05% Premises: 0.86% Repossessed collateral: 0.79% Investment properties: 1.94% Assets held for sale: 0.07% Founded in 1992, PrivatBank is a commercial bank based in Ukraine. The firm offers range of banking services and products to their clients.

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.

Adventures Lab is a venture capital fund established in 2019 and based in Kyiv, Ukraine. The firm focuses on investing in early, growth, and late-stage businesses, particularly in fast-growing B2C and B2B technology sectors. It supports motivated but struggling entrepreneurs by leveraging its business expertise and global partnership network. The fund provides investments of up to $500,000 for early-stage companies, $1 million for growth-stage businesses, and $3 million for late-stage ventures. Areas of interest include affiliate marketing, MarTech, mobile applications, gaming, digital health, content creation, health and beauty, and pet products and services. Additionally, Adventures Lab operates as a web 3 venture builder, further diversifying its investment strategy and supporting innovation in the tech industry.

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.

Imperious Group is a venture capital firm specializing in pre-seed, seed stage and Series A stage investments in the Fintech sector. The firm seeks to invest in areas such as advertising (AdTech), e-commerce, SaaS, mobile-products, online education, big data, and financial services. It also invest in the products aimed at the corporate sector (B2B), as well as a mass market (B2C). The firm prefers to invest in Ukraine, Russia and neighboring countries as well as Eastern Europe, Asia, Israel, Canada and the USA. It typically invests between $50,000 and $1 million in its portfolio companies having enterprise value between $0.5 million and 5 million. The firm prefers to take 10 percent to 15 percent stake. The firm takes its owner's personal capital. Imperious Group was founded in 2012 and is based in the Russian Federation.

Dragon Capital is a prominent Ukrainian investment and financial services group established in 2000, headquartered in Kyiv. It offers a wide array of services, including equities and fixed income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. The firm has played a significant role in the Ukrainian stock market, accounting for a substantial portion of market transactions, and it leads the debt market by advising corporations and banks on raising funds through various financial instruments. Dragon Capital has successfully executed over 100 capital-raising, advisory, and M&A deals, amassing more than $5 billion in new capital. The company also has a strong track record in private equity investments across various sectors in Ukraine, including manufacturing and real estate. Recognized for its excellence, Dragon Capital has received multiple awards for its equity research and investment banking capabilities, establishing a reputation as a leading player in the Ukrainian financial landscape.

Vertex US is a venture capital firm based in Palo Alto, California, with a focus on early-stage investments, particularly in enterprise and deep technology companies. Founded in 2015, the firm adopts a unique approach by making a limited number of selective investments each year, allowing it to partner closely with startups from their inception through various growth stages. As part of a global network of operator-investors, Vertex US manages portfolios across multiple regions, including the U.S., China, Israel, India, and Southeast Asia. This extensive reach enables the firm to provide entrepreneurs with valuable operating experience and access to essential resources such as capital, talent, and strategic partnerships.

Asia Debt Management Hong Kong Limited is a private equity firm specializing in middle market, later stage, mature, buyout, turnaround, PIPES, bridge financing, distressed, stressed, restructurings, rescheduling, refinancing, debt-for-equity swaps, liquidity management, and under-valued companies. It does not invest in oil and gas sectors. The firm prefers to invest in the following sectors: manufacture of food products and beverages, metallurgical industry, machinery and equipment, wood processing, and textile manufacturing. It provides its services to pooled investment vehicles. The firm manages private equity and hedge funds for its clients. Through its funds, it invests in the alternative markets across the globe with a focus on emerging markets. The firm primarily seeks to invest in distressed, special situations, undervalued or event driven opportunities, and recovery situations. It also invests in companies or banks going through debt restructuring. The firm seeks to invest in Asia and Central and Eastern Europe. It makes equity investments between €10 million ($13.6 million) and €30 million ($40.81 million). Asia Debt Management Hong Kong Limited was founded in 1998 and is based in Central, Hong Kong with additional offices in Turkey, United Kingdom, Ukraine, and Kazakhstan.

Presto Ventures is a venture capital fund empowering talented CEE start-up founders. They invest in promising technology start-ups, supporting them via the provision of invaluable resources and guidance, enabling them to achieve local and global success. Presto Ventures was founded by Přemysl Rubeš in 2016 and is headquartered in Prague.

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.

Costanoa Venture Capital is an early-stage venture capital firm founded in 2012 and headquartered in Palo Alto, California, with an additional office in San Francisco. The firm specializes in investing in seed and Series A startups, focusing on business-to-business technology companies. Its investment strategy emphasizes cloud-based services, data analytics, and applications across various sectors, including fintech, cybersecurity, and AI-enabled software as a service (SaaS). Costanoa typically invests between $0.5 million and $3 million, aiming to partner with entrepreneurs to help them navigate the challenges of going to market and achieving product-market fit. The firm is dedicated to building durable companies that leverage data to address complex business problems.

Acrobator Ventures BV is a venture capital firm specializing pre-seed, seed, start-ups, later stage and growth capital investments. The firm seeks to invest in the SaaS, Big Data, machine learning, artificial intelligence, education technology, advertising technology, marketing technology, e-commerce, and human resource technology sectors. It prefers to invest in Western and Eastern Europe, United Sates and CIS States. The firm typically invests between €0.05 million ($0.05 million) and €0.5 million ($0.5 million) in companies. Acrobator Ventures BV was founded in 2008 and is based in Amsterdam, the Netherlands with an additional office in Kyiv, Ukraine.

Digital Future is a venture capital firm established in 2014 and based in Kyiv, Ukraine. The firm specializes in providing late seed and early-stage funding to companies primarily in the advertising technology, digital marketing, artificial intelligence, security, internet of things, SaaS, marketplace, B2B, and B2C sectors. Digital Future focuses on investing in companies with initial traction, scalable business models, and strong teams, targeting both the United States and European markets. The firm typically invests between $50,000 to $500,000 for seed and early-stage projects, with specific amounts allocated for local, CIS, and global initiatives. Digital Future aims for a stake of 10 to 15 percent in its investments and prefers projects with patent-pending technologies or intellectual properties. The firm also considers M&A proposals and projects at the Round A stage or older. Its portfolio includes companies from Ukraine, Europe, Israel, and the United States.

Crane Venture Partners is a London-based venture capital firm established in 2015 that focuses on early-stage investments, particularly in seed and pre-Series A rounds. The firm specializes in sectors such as enterprise software, software-as-a-service, machine learning, data intelligence, and artificial intelligence. Crane Venture Partners aims to support European companies, providing not only capital but also strategic guidance to help founders develop and implement their go-to-market strategies.

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.

SD Capital is a private equity firm specializing in middle market, emerging growth, buyout, and growth capital investments. The firm seeks to invest in infrastructure & logistics, food, beverage and tobacco, material, industrial, agriculture and financial sector. The firm seeks to invest in Ukraine. The firm invests between $5 million and $30 million in companies with enterprise value between $8 million and $150 million and EBITDA between $1 million and $8 million. The firm invests through its personal capital. SD Capital was founded in 2016 and is based in Kyiv, Ukraine with an additional office in Odessa, Ukraine.

Diligent Capital Partners is an independent mid-market private equity firm.

Wing is a California-based venture capital firm founded in 2013 by two industry veterans. The firm focuses on investing in early-stage, innovative technology companies, particularly within the software and technology, media, and telecommunications sectors. Wing aims to support its portfolio companies over the long term, emphasizing the transformation of business technology through data, mobile, and cloud solutions. With a strong track record, the firm's award-winning team has contributed to the success of numerous companies, including 16 that have gone public and achieved market valuations exceeding $1 billion. Notable examples from their portfolio include FireEye, MobileIron, Nimble Storage, Opower, and Ruckus Wireless. Wing typically invests between $8 million to $10 million per company, demonstrating a commitment to fostering enduring businesses in the tech landscape.

Redpoint is a venture capital firm founded in 1999, based in Woodside, California, with additional offices in San Francisco, Beijing, and Shanghai. The firm specializes in early-stage and growth capital investments, primarily focusing on technology, media, telecommunications, consumer internet, and alternative energy sectors. Redpoint manages approximately $4 billion across multiple funds and has a history of backing over 465 companies, resulting in 140 initial public offerings and mergers and acquisitions. Investments typically range from $0.1 million to $50 million, with a preference for seed and early-stage companies. Redpoint China Ventures, a division of the firm, specifically targets seed and early venture investments within the technology-driven consumer and enterprise IT sectors in China. The firm seeks to partner with visionary founders to drive innovation and market transformation across various industries.

Almaz Capital is an international venture capital firm based in Silicon Valley that specializes in investing in early-stage, capital-efficient technology companies. Founded in 2008, the firm aims to connect Eastern European and former Soviet engineering talent with the U.S. market, facilitating the development of global businesses. Almaz Capital targets high-growth sectors, including artificial intelligence, blockchain applications, data engineering, cybersecurity, industrial IoT, and networking infrastructure. The firm has a diverse group of investors, including prominent organizations such as Cisco and the European Bank for Reconstruction and Development. Over the years, Almaz Capital has invested in more than 30 portfolio companies and achieved nine successful exits.

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.

DGF Early Stage 1 is a venture capital fund managed by DGF Investimentos, a prominent investment group based in São Paulo, Brazil. Established in 2001, DGF Investimentos specializes in growth investments, primarily focusing on small to mid-sized enterprises in the technology sector, particularly software and telecommunications. The firm has built a reputation for its strategic investments in emerging technology companies and has a notable history of nearly forty investments, including several successful exits. With a commitment to supporting innovation, DGF Early Stage 1 aims to foster the development of promising software and technology companies in Brazil.

Xevin Investments offer include investment and advisory services. The fund is interested both in companies and projects in the initial phase of development, unable to achieve further business goals due to insufficient capital, and in thriving companies in need of additional investment to achieve their milestones in the pursuit of competitive advantage.

The App Solutions is a software development company specializing in creating web and mobile applications tailored to meet client objectives and engage users effectively. Founded in 2014, the company is headquartered in the USA, with a research and development center located in Ukraine. The firm offers a comprehensive range of services that includes initial prototyping, UI/UX design, native app development, web development, and AI/ML development. Additionally, The App Solutions provides business analysis, cloud engineering, and publishing services, empowering clients to transform their ideas into innovative solutions that drive their business growth.

Abris Capital Partners is an independent private equity firm based in Warsaw, Poland, established in 2007. The firm specializes in management buyouts, acquisitions, and expansion capital investments, primarily targeting middle market companies in Central and Eastern Europe, with a particular focus on Poland, Bulgaria, Romania, and Ukraine. Abris seeks to acquire majority stakes in growth-stage companies across various sectors, including industrial, commercial, and services, as well as healthcare, technology, and logistics. The firm typically invests between €15 million and €75 million and aims for a typical investment period of three to five years. Abris Capital Partners is committed to implementing operational and strategic changes in its portfolio companies, helping them transition from public to private ownership when necessary. The firm avoids investments in certain high-risk industries and prefers companies with positive operational profits. Exits are generally achieved through trade sales, initial public offerings, or secondary sales. In addition to its Warsaw headquarters, Abris has offices in Leeds, Nicosia, and Bucharest.

bValue Fund is a venture capital firm based in Warsaw, Poland, focused on investing in pre-seed, seed, and early-stage companies across various sectors. Established in 2016, the firm primarily targets enterprises within the CEE region, particularly in Poland and Ukraine. Its investment strategy emphasizes industries undergoing digital transformation, including hi-tech, engineering, fintech, logistics, healthcare, and e-commerce. bValue Fund typically invests between €0.25 million and €1 million in companies that demonstrate potential for growth, preferably those with recurring revenues or a minimum viable product. The firm seeks minority stakes in its portfolio companies and leverages the extensive experience and networks of its management team and investors to help businesses scale and navigate challenges. With a diversified portfolio, bValue Fund aims to support innovative solutions that have the potential to become global leaders.

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.

NCH Capital Inc. is a private equity and venture capital firm established in 1993 and headquartered in New York. The firm focuses on various investment strategies, including incubation, growth capital, and turnaround investments, particularly in emerging markets. NCH Capital specializes in sectors such as consumer products, financial services, real estate, and agribusiness, including agricultural land and related infrastructure. The firm primarily targets investments in Eastern Europe, including countries like Ukraine, Russia, and Romania, as well as in Brazil's public equity markets. NCH Capital typically seeks both control and minority stakes in its portfolio companies and prefers to take active roles, often securing board seats. With additional offices across Europe, Asia, and South America, NCH Capital aims to leverage local opportunities through its diverse investment strategies.

Detonate Ventures is an investment and management company acting as a seed and early-stage investor and managing in-house projects. Being funded by private Israeli investors, since 2011 they operate in Kiev, Ukraine. The company is managed by partners with a broad expertise in technologies, media, telecommunications, marketing and strategic consulting. Usually they take an active part in their projects and a partner approach to all of them. Their vision is to live every business they are in.

EMF Capital Partners Limited is a private equity firm established in 2012, headquartered in London, with additional offices in Moscow, Istanbul, and Kiev. The firm specializes in investments in financial institutions, particularly within the insurance sector, which includes both life and non-life insurers. EMF Capital focuses on emerging markets, targeting primarily Europe, Asia, and Africa, with specific interest in countries such as Albania, Armenia, Azerbaijan, Georgia, Moldova, Russia, Ukraine, Belarus, Turkey, Serbia, Macedonia, Bosnia, Kosovo, and Montenegro. The firm typically invests between $5 million and $20 million in its portfolio companies, aiming to acquire a majority stake. Its mission is to create a platform that connects capital consumers in emerging markets with capital providers in developed markets.

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.

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.

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.

Belarusian Innovation Fund is a private equity and venture capital arm of the Republic of Belarus specializing in investments in middle market, later stage, seed, early, mid and late ventures, buyouts and emerging growth companies. The financing tools include acquisition and subsequent alienation of debt securities of issuers of legal entities - target companies (convertible bonds, notes, bills); acquisition and subsequent alienation of shares (stakes, shares) in the authorized (collateral) capital of legal entities - target companies; provision of loans subject to participation in the capital of the target company; and provision of convertible loans. It prefers to invest in all innovation industries with a focus on the scientific and technological sector, energy, healthcare, agricultural, microelectronics, ecology, and biotechnology sectors. It seeks to make investments in companies registered in Belarus, Russian Federation and in the Commonwealth of Independent States (CIS). The firm prefers to invest up to RUB150 million ($2.5 million) in its portfolio companies whose revenues for the past year are less than RUB10 million ($0.15 million). Belarusian Innovation Fund was founded in 1998 and is based in Minsk, Belarus.

Enterprise Investors is a prominent private equity firm established in 1990, recognized as one of the oldest and largest in Central and Eastern Europe. The firm specializes in mid-market buyout transactions driven by succession planning and provides expansion financing to high-growth enterprises across various sectors. Over its operational history, Enterprise Investors has raised eight funds, accumulating total capital exceeding EUR 2 billion. To date, these funds have made investments totaling EUR 1.7 billion in 137 companies, demonstrating the firm's commitment to fostering growth and development in the region's business landscape.

Ruvento Ventures Pte. Ltd. is a Singapore-based incubation and venture capital firm founded in 2011, specializing in direct investments and fund of fund investments. The firm focuses on early-stage technology companies, targeting sectors such as artificial intelligence, machine learning, Internet of Things, bioengineering, and cleantech. Ruvento actively seeks opportunities in markets like Russia, Moldova, Ukraine, and Belarus, aiming to introduce their innovations to Asian markets including China, India, and Indonesia. It typically invests between $0.05 million and $0.5 million in projects that have completed or are close to completing research and development. For promising deals, Ruvento can increase its investment through syndication up to $3 million. In its incubation program in Singapore, it provides funding in two phases, starting with up to $0.04 million for proof-of-concept and up to $0.16 million for the commercial stage. The firm also has offices in San Francisco and Shanghai, supporting its global investment strategy.

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.

ZGI Capital is a private equity and venture capital firm based in Riga, Latvia, established in 2005. The firm specializes in investments across various stages, including seed/startup, early venture, and growth capital, with a particular focus on the Fintech sector. It primarily targets opportunities within the Baltics and CIS countries, investing amounts ranging from €0.5 million to €1 million, and potentially up to €5.7 million with additional financing. ZGI Capital typically takes minority stakes, holding up to 49% equity, and may also provide loans under certain circumstances. The firm's investment horizon spans three to six years, with exits achieved through the sale of stakes to other investors. ZGI Capital manages the "ZGI fund," which supports entrepreneurs in need of start-up capital and has a total asset pool of €7.4 million, allowing it to finance projects up to €30 million when combined with bank financing. The firm does not engage in sectors such as synthetic fiber manufacturing, transportation, agriculture, or retail trade.

OTP Bank Nyrt. is a commercial banking institution based in Budapest, Hungary, operating across several countries including Bulgaria, Slovakia, Romania, Croatia, Serbia, Ukraine, and Russia. Established in 1949, the bank offers a comprehensive range of financial services to both private individuals and corporate clients. Its retail banking services include various account packages, bankcards, investment accounts, and private banking options, alongside digital banking solutions. For corporate clients, OTP Bank provides services such as cash management, financing options including loans and guarantees, and treasury services. The bank's loan portfolio encompasses corporate, retail, housing, and municipality loans, while its investment portfolio consists of government securities and bonds. OTP Bank operates a substantial network of branches, totaling 1,734, facilitating access to its diverse financial products and services.

Wasabi Ventures is a venture capital, incubator, and consulting firm that focuses on building and advising early-stage technology companies. Over the past decade, it has successfully built, financed, and advised more than 200 startups, including notable ventures such as Right Now Technologies, PBworks, Ustream, and Etherpad. The firm offers a range of services across various business areas, including technology development, sales, product marketing, fundraising, and business planning. Wasabi Ventures employs a team of experts that specialize in different functional areas critical to startups, ensuring tailored support and dedicated resources as needed. With operations in Manchester, NH; Baltimore, MD; Donetsk, Ukraine; and a global headquarters in San Mateo, California, Wasabi Ventures is well-positioned to support emerging companies on a global scale.

Zubr Capital is a private equity firm based in Belarus, established in 2009 by the management team of Atlant-M Holding. It is the first professional private equity firm in the country, focusing on mid-market investments, particularly in growth-stage companies across various sectors including consumer products, information technology, financial technology, manufacturing, and e-commerce. The firm launched its inaugural fund, Zubr Capital Fund I, in June 2016, which has a target size of USD 50 million, with notable backing from the European Bank for Reconstruction and Development as the anchor investor. Zubr Capital aims to leverage its expertise to drive the growth of its portfolio companies in Belarus and the broader Central European region. The firm is led by Chief Executive Officer Oleg Khusaenov.

Eastnine AB is a real estate investment firm focused on emerging growth opportunities within the real estate sector. Since 2017, the firm has concentrated solely on real estate investments, including direct and fund of fund stages, and selectively engages in special situations. Eastnine invests in various real estate assets, including land and properties, primarily targeting Eastern Europe, Russia, and other CIS countries, as well as the Balkans, Baltic States, and Central Europe. The firm also has the capability to invest in future private equity and alternative funds managed by East Capital. As a long-term active investor, Eastnine engages in balance sheet investments and offers a range of services, including investment consulting, debt financing, tenant services, and property management. Founded in 2007, Eastnine is headquartered in Stockholm, Sweden, with additional offices in Tallinn, Vilnius, and Riga.

Alcazar Capital Limited is a private equity firm based in Dubai, specializing in buyout investments across various sectors, including telecom infrastructure, fintech, energy, healthcare, logistics, real estate, and education. The firm focuses on emerging markets in Sub-Saharan Africa, the MENA region, South East Asia, India, and the Commonwealth of Independent States, while also investing in developed markets. With a portfolio that exceeds $1.0 billion in assets under management, Alcazar Capital typically seeks to acquire a majority stake in its portfolio companies. Additionally, the firm offers financial advisory services to smaller organizations and manages client-focused investment portfolios. Established in 2007, Alcazar Capital employs a combination of fundamental and quantitative analysis, along with in-house research, to guide its investment strategies.

Prometheus Capital Partners is a private equity firm that focuses on investing in middle market companies, primarily in Russia and other former-Soviet republics. The firm has a broad investment mandate that includes various industries, with particular emphasis on retail and other services, food production, and consumer-related manufacturing. Prometheus typically targets companies with revenues exceeding $50 million and aims for an average deal size of around $50 million. The firm generally seeks to exit its investments within a timeframe of four to seven years. While its primary focus is on Russian companies, Prometheus may consider investments in other CIS countries on an exceptional basis. The firm is headquartered in Moscow, Russia.

Rockaway Capital is a multi-stage investment company established in 2013, focusing on private investments in sectors such as e-commerce, e-travel, media, fintech, and blockchain. The firm aims to leverage new technologies and the digital economy to transform traditional business models. With operations spanning the DACH, CEE, and Balkans regions, Rockaway Capital actively engages with its portfolio companies, often participating in their daily management. In 2019, the firms under Rockaway's management reported combined sales exceeding EUR 2.5 billion and employed over five thousand individuals across 17 European countries. Additionally, Rockaway Ventures Fund, a venture capital fund established in 2021 and based in Prague, invests in various countries, including those in Central and Eastern Europe and the Nordic region, with a focus on ESG criteria.