Almaz Capital

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.

Geoffrey Baehr

General Partner

Aniruddha Nazaré

General Partner

Aniruddha Nazre

General Partner

Yoav Samet

General Partner

Yoav Samet

General Partner

Daniil Stolyarov

Partner

Past deals in Cental and Eastern Europe

Nomagic

Series B in 2025
Nomagic, Inc. is a technology company based in Warsaw, Poland, specializing in robotic manipulation solutions for order fulfillment in e-commerce. The company develops smart pick-and-place robotic systems that enhance efficiency, flexibility, and reliability in warehouses. By automating tedious tasks, Nomagic's solutions help reduce fulfillment costs and address labor shortages, allowing operations to scale effectively and operate around the clock. Powered by artificial intelligence, their robotic systems continuously learn and adapt to changing conditions, enabling warehouse operators to improve agility and ensure reliable delivery of goods. Nomagic's technology has been implemented in notable locations, including packing lines at Cdiscount, a leading French eCommerce platform.

Nomagic

Series A in 2022
Nomagic, Inc. is a technology company based in Warsaw, Poland, specializing in robotic manipulation solutions for order fulfillment in e-commerce. The company develops smart pick-and-place robotic systems that enhance efficiency, flexibility, and reliability in warehouses. By automating tedious tasks, Nomagic's solutions help reduce fulfillment costs and address labor shortages, allowing operations to scale effectively and operate around the clock. Powered by artificial intelligence, their robotic systems continuously learn and adapt to changing conditions, enabling warehouse operators to improve agility and ensure reliable delivery of goods. Nomagic's technology has been implemented in notable locations, including packing lines at Cdiscount, a leading French eCommerce platform.

Sonarworks

Venture Round in 2021
Sonarworks Ltd. is a deep-tech audio company based in Riga, Latvia, founded in 2012. The company specializes in developing and licensing sound calibration software that enhances audio quality for both professionals and consumers. Its flagship products include Reference 4, which is available in studio and headphone editions, and True-Fi, designed for everyday listeners. These tools utilize advanced SoundID technology to measure and digitally tune sound devices to individual hearing preferences, ensuring a personalized listening experience. Sonarworks' software is widely adopted in professional recording studios and by audio engineers, as it effectively eliminates noise shortcomings in speakers and headphones, allowing users to enjoy music as intended by the artists. The software is accessible online and through dealers in Latvia and internationally.

OneSoil

Series A in 2021
OneSoil is a digital product company that offers a precision farming platform aimed at enhancing agricultural productivity and sustainability. Founded in 2017 and headquartered in Minsk, Belarus, the company utilizes satellite imagery, machine learning, and extensive ground truth data to provide farmers and agricultural businesses with valuable insights. The OneSoil platform includes a mobile application, Precision Insights tools, and a Business to Business API, enabling users to monitor fields, plan farming operations, and optimize resource usage. Operating primarily in the United States and Europe, OneSoil's technology is designed to improve profitability for its users through effective crop management and data-driven decision-making.

3DLOOK

Series A in 2021
3DLOOK, LLC is a technology company specializing in artificial intelligence-driven solutions for body scanning and measurement, primarily serving the apparel industry. Founded in 2016 and headquartered in San Mateo, California, with additional offices in Odessa and Kiev, Ukraine, 3DLOOK offers products such as SAIA Perfect Fit and SAIA 3D, which create precise 3D models of the human body. The company aims to enhance personalized shopping experiences by providing brands with actionable body data analytics, enabling them to retarget shoppers based on accurate measurements. This technology not only facilitates improved customer engagement and conversion rates but also helps to reduce return rates and apparel waste, thus promoting more sustainable business practices. Recognized for its innovative contributions, 3DLOOK has received accolades such as the LVMH Innovation Award and the IEEE Retail Digital Transformation Grand Challenge.

3DLOOK

Series A in 2021
3DLOOK, LLC is a technology company specializing in artificial intelligence-driven solutions for body scanning and measurement, primarily serving the apparel industry. Founded in 2016 and headquartered in San Mateo, California, with additional offices in Odessa and Kiev, Ukraine, 3DLOOK offers products such as SAIA Perfect Fit and SAIA 3D, which create precise 3D models of the human body. The company aims to enhance personalized shopping experiences by providing brands with actionable body data analytics, enabling them to retarget shoppers based on accurate measurements. This technology not only facilitates improved customer engagement and conversion rates but also helps to reduce return rates and apparel waste, thus promoting more sustainable business practices. Recognized for its innovative contributions, 3DLOOK has received accolades such as the LVMH Innovation Award and the IEEE Retail Digital Transformation Grand Challenge.

Vezet Group

Venture Round in 2017
Vezet Group is the largest ride-hailing company in Russia, formed from the merger of two prominent services, Taxi Saturn and RuTaxi. Operating in over 100 cities across Russia and the CIS, Vezet Group offers a comprehensive taxi booking service that allows passengers to conveniently request rides through a mobile app or by making a quick phone call. The company focuses on providing an accessible and cost-effective transportation solution while enabling drivers to enhance their earnings under favorable conditions. This omni-channel approach ensures that both riders and carriers benefit from a streamlined and efficient ridesharing experience.

2Can

Venture Round in 2015
2Can is a Russian startup that specializes in mobile point-of-sale technology, enabling businesses to accept card payments through smartphones. Launched in September 2012, 2Can developed a mobile application compatible with iOS and Android platforms, paired with a card reader that transforms smartphones into payment terminals for Visa and MasterCard transactions. The service is notable for being the first Russian mobile acquiring service to meet the stringent security requirements set by international payment systems. The company offers an attachable card reader that facilitates bank card transactions for a flat fee, allowing merchants to accept payments on the go while also providing insights into customer behavior. Additionally, 2Can's dual card reader has received certifications from VisaReady and PCI-DSS, underscoring its commitment to secure payment processing.

iboxPro

Series A in 2015
In 2015 ibox merged with 2can ( SME mPOS provider in Russia ) Besides of mPOS, they have products and services that provide us additional income sources. 1. Payments — the all-in-one mobile payment and Point of Sale (POS) solution enable SMEs to process payments cost-effectively from E-wallets & Messengers. 2. Software as a Service (SaaS) — a platform for SME, merchants can drive business via a centralized SaaS toolkit. 3. Financial products — short term cash advances and short term loans to select merchants provided from their financial partners.

CarPrice.ru

Series B in 2015
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

RoboCV

Series A in 2015
RoboCV, established in 2012 and headquartered in Moscow, specializes in developing intelligent autopilot systems for warehouses. Its flagship product, RoboCV X-MOTION NG, is a multifunctional system designed to automate floor movements of pallet goods. This system comprises an electric pallet truck and the RoboCV AUTOPILOT intelligent automation system, enabling it to operate offline without human intervention. It supports various operations such as accepting, shipping, cross-docking, and picking goods, serving warehouse operators (3PL), retail companies, and other businesses interested in warehousing.

CarPrice.ru

Seed Round in 2014
CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

2Can

Series B in 2014
2Can is a Russian startup that specializes in mobile point-of-sale technology, enabling businesses to accept card payments through smartphones. Launched in September 2012, 2Can developed a mobile application compatible with iOS and Android platforms, paired with a card reader that transforms smartphones into payment terminals for Visa and MasterCard transactions. The service is notable for being the first Russian mobile acquiring service to meet the stringent security requirements set by international payment systems. The company offers an attachable card reader that facilitates bank card transactions for a flat fee, allowing merchants to accept payments on the go while also providing insights into customer behavior. Additionally, 2Can's dual card reader has received certifications from VisaReady and PCI-DSS, underscoring its commitment to secure payment processing.

Nival

Series A in 2013
Nival Group is an independent game developer based in Moscow, Russian Federation, established in 1996 by Sergey Orlovskiy, who serves as CEO. The company specializes in designing and developing strategy and role-playing games for personal computers. Since 2005, Nival has taken on the role of self-publisher for its games, focusing on innovating within traditional game genres. Nival aims to enhance the gaming experience by merging various gameplay styles with its distinctive art style. The company has a successful track record, including popular titles such as Heroes of Might and Magic V, Blitzkrieg, Silent Storm, and Etherlords. Currently, Nival's core development teams are working on several projects, including the World War II real-time strategy game Blitzkrieg 3, the award-winning MOBA Prime World, and the collectible tower defense game Defenders 2.

Jelastic

Series B in 2013
Jelastic, Inc. is a company that specializes in developing a cloud-based Platform-as-a-Service (PaaS) and Container-as-a-Service (CaaS) platform for developers and hosting service providers. Established in 2011 and headquartered in Palo Alto, California, with additional offices in Zhytomyr, Ukraine, and Malaga, Spain, Jelastic offers a comprehensive solution that supports a variety of programming languages, including Java, PHP, Ruby, Node.js, Python, and .NET, as well as custom Docker containers. The platform is designed to facilitate agile deployment models and automatic scaling for both stateless and stateful applications, allowing clients to manage their infrastructure efficiently without relying on proprietary APIs. Jelastic's features include collaboration tools, access control, monitoring, backup and disaster recovery, and built-in billing and analytics, all aimed at optimizing total cost of ownership through enhanced hardware utilization and density.

2Can

Series A in 2012
2Can is a Russian startup that specializes in mobile point-of-sale technology, enabling businesses to accept card payments through smartphones. Launched in September 2012, 2Can developed a mobile application compatible with iOS and Android platforms, paired with a card reader that transforms smartphones into payment terminals for Visa and MasterCard transactions. The service is notable for being the first Russian mobile acquiring service to meet the stringent security requirements set by international payment systems. The company offers an attachable card reader that facilitates bank card transactions for a flat fee, allowing merchants to accept payments on the go while also providing insights into customer behavior. Additionally, 2Can's dual card reader has received certifications from VisaReady and PCI-DSS, underscoring its commitment to secure payment processing.

Pruffi

Series A in 2012
PRUFFI. Hunting Agency focused on researching and recruiting the best IT-specialists in the Runet companies. Our clients are media, digital and advertising agencies and the big internet companies here in Russia: Condenast, Groupon-Russia, Mail.ru Group, Rambler Afisha, Badoo, RuTube and others.

Jelastic

Series A in 2012
Jelastic, Inc. is a company that specializes in developing a cloud-based Platform-as-a-Service (PaaS) and Container-as-a-Service (CaaS) platform for developers and hosting service providers. Established in 2011 and headquartered in Palo Alto, California, with additional offices in Zhytomyr, Ukraine, and Malaga, Spain, Jelastic offers a comprehensive solution that supports a variety of programming languages, including Java, PHP, Ruby, Node.js, Python, and .NET, as well as custom Docker containers. The platform is designed to facilitate agile deployment models and automatic scaling for both stateless and stateful applications, allowing clients to manage their infrastructure efficiently without relying on proprietary APIs. Jelastic's features include collaboration tools, access control, monitoring, backup and disaster recovery, and built-in billing and analytics, all aimed at optimizing total cost of ownership through enhanced hardware utilization and density.

Travelmenu

Series B in 2012
Travelmenu is one of the Top 3 online travel companies in Russia and the Ukraine, addressing the travel agency (B2B), traditional corporate as well as the B2C market segments. Travelmenu’s distinctive strength is its market-leading product offering with connectivity to 250,000 hotels and 500 airlines, more than any of its local competitors, via Amadeus and XML API connectivity to 3rd parties.

AlterGeo

Venture Round in 2011
AlterGeo, established in 2008, specializes in developing mobile application software with a focus on location-based services. The company's core product is a hybrid positioning system that combines various methods like WiFi, WiMAX, GSM, GPS, and IP to determine users' locations accurately. AlterGeo is renowned for its social networking service, also named AlterGeo, which aids users in navigating cities, discovering new places, sharing locations with friends, and receiving personalized recommendations and discounts. The company's technology platform processes over 30 million device positions and 170 million locations daily, serving a user base of over 1 million, predominantly in Russia and Ukraine. Additionally, AlterGeo offers Gvidi, a mobile recommendations service that provides tailored restaurant suggestions based on users' preferences and social graph. The company has been recognized internationally for its innovative solutions, winning awards such as The Europas' Best Russian Startup and being shortlisted for the Red Herring Top 100 Global.

Travelmenu

Series A in 2011
Travelmenu is one of the Top 3 online travel companies in Russia and the Ukraine, addressing the travel agency (B2B), traditional corporate as well as the B2C market segments. Travelmenu’s distinctive strength is its market-leading product offering with connectivity to 250,000 hotels and 500 airlines, more than any of its local competitors, via Amadeus and XML API connectivity to 3rd parties.

Qik

Venture Round in 2011
Qik is an online messaging platform that specializes in video communication, allowing users to exchange video messages individually or within groups. Launched initially as a private alpha in January 2008 and transitioning to public beta in August of the same year, Qik has grown to support millions of users across over 160 countries and on more than 140 smartphone models, including iPhone, Android, and Windows Mobile. The platform enables users to capture and share spontaneous life moments through video calling, messaging, and sharing features, as well as syncing and saving videos to the web and desktop. Founded by Ramu Sunkara, Bhaskar Roy, and Nikolay Abkairov, Qik is headquartered in Redwood City, California, with an additional office in Zelenograd, Russia. In 2011, the company was acquired by Skype Technologies.
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