Almaz Capital

Almaz Capital is an international venture capital firm based in California that invests in early-stage, capital-efficient technology companies. It operates as a bridge between Eastern European and former Soviet engineering talent and the U.S. market to help build global businesses. The firm focuses on high-growth sectors such as artificial intelligence, blockchain, data engineering, cybersecurity, industrial Internet of Things, and networking infrastructure. Since its founding in 2008, Almaz Capital has backed more than 30 portfolio companies and achieved multiple exits, attracting investors including Cisco, the European Bank for Reconstruction and Development, and the International Finance Corporation. The firm's approach combines cross-border expertise with hands-on support to accelerate growth in technology startups across the United States and Europe.

Sasha Andreev

Venture Partner

Geoffrey Baehr

General Partner

Pasha Bogdanov

General Manager

Alexander Galitsky

Managing Partner

Aniruddha Nazaré

General Partner

Past deals in Eastern Europe

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 is a technology company that develops artificial intelligence powered mobile body scanning and measurement solutions for the apparel industry. Its products include SAIA Perfect Fit, a plug-and-play solution, and SAIA 3D, which generates accurate 3D models of the human body, enabling made-to-measure and on-demand manufacturing, as well as virtual try-on. The company focuses on personalization in retail, helping brands deliver customized shopping experiences, improve conversions, and reduce product returns and apparel waste. By providing body data analytics, 3DLOOK enables better design, product development, inventory planning, and distribution decisions. Headquartered in San Mateo, California, with development and operations in Ukraine, 3DLOOK aims to streamline fitting and sizing, support uniform production at scale, and allow users to visualize body changes over time through AI-driven body composition tracking.

3DLOOK

Series A in 2021
3DLOOK is a technology company that develops artificial intelligence powered mobile body scanning and measurement solutions for the apparel industry. Its products include SAIA Perfect Fit, a plug-and-play solution, and SAIA 3D, which generates accurate 3D models of the human body, enabling made-to-measure and on-demand manufacturing, as well as virtual try-on. The company focuses on personalization in retail, helping brands deliver customized shopping experiences, improve conversions, and reduce product returns and apparel waste. By providing body data analytics, 3DLOOK enables better design, product development, inventory planning, and distribution decisions. Headquartered in San Mateo, California, with development and operations in Ukraine, 3DLOOK aims to streamline fitting and sizing, support uniform production at scale, and allow users to visualize body changes over time through AI-driven body composition tracking.

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.

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
Founded in 2012, RoboCV 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. The system consists of an electric pallet truck and an intelligent automation system, enabling it to work offline without a driver. It supports various operations such as acceptance, shipment, cross-docking, and picking. RoboCV serves warehouse operators, 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.

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.

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 an online travel agency serving B2B, corporate, and B2C customers in Russia and Ukraine. It operates as a hotel booking engine and online retailer of travel products, including hotels, flights, and package holidays. The company offers a broad inventory by connecting to about 250,000 hotels and 500 airlines through Amadeus and XML API connections, positioning itself among the leading players in its markets.

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 an online travel agency serving B2B, corporate, and B2C customers in Russia and Ukraine. It operates as a hotel booking engine and online retailer of travel products, including hotels, flights, and package holidays. The company offers a broad inventory by connecting to about 250,000 hotels and 500 airlines through Amadeus and XML API connections, positioning itself among the leading players in its markets.

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.

Yandex

Venture Round in 2009
Yandex is a Russian internet company that operates the largest search engine in Russia. It provides swift search results and other standard services, including transportation services, navigation products, and mobile applications powered by machine learning.
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