Established in 2018, Bulba Ventures is a venture capital firm specializing in early-stage investments, focusing on machine learning startups with strong technical expertise. Based in Limassol, Cyprus, the firm concentrates its investments in Belarusian and relocatable startups operating at the intersection of real economy and IT, particularly in health and life sciences.

Zubr Capital is a private equity firm that targets mid-market, fast-growing technology-enabled companies in Central Europe. The firm focuses on information technology, e-commerce, fintech, SaaS, IT services, and related digital sectors, seeking growth and expansion opportunities. With more than a decade of collective private equity experience, the team has completed over twenty investments with a track record of exits. Its investors include the European Bank for Reconstruction and Development, FMO, and Wargaming. Zubr Capital emphasizes developing capital markets and a broader financial ecosystem, and supports entrepreneurs in the region through increased access to equity investments.

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

Established in 2017, Specialist VC is a venture capital firm headquartered in Tallinn, Estonia. It focuses on investing in early-stage (pre-seed to series A) companies operating within the B2B, SaaS, FinTech, platforms, software-enabled hardware, and deep tech sectors across Estonia, Latvia, Lithuania, Finland, Ukraine, and Belarus.

Mobile TeleSystems is a leading telecommunications group in Russia and the CIS that provides mobile and fixed voice, broadband, pay TV, and content and entertainment services. The company operates across Russia, Ukraine, Armenia, Turkmenistan, and Belarus, with a substantial fixed-network footprint including millions of households and residential subscribers, and it maintains a strong fixed-line presence in Moscow. Its business spans telecom, fixed broadband, pay TV, and related services, with fintech and other segments contributing to its activity.

Turkcell provides digital services across Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. It offers voice services, broadband internet, mobile financial services, and various digital platforms such as BiP, TV+, fizy, Lifebox, Dergilik, Yaani, Digital Operator, Goals on Your Mobile, Turkcell Academy, UpCall, Kopilot, and Supercam. Additionally, it provides digital business services like infrastructure, applications, managed services, cloud, IoT products, big data analytics, location-based services, hospital information systems, and techfin services.

Gazprombank, established in 1990 and headquartered in Moscow, is the third largest bank in Russia. It offers a wide range of services, including corporate banking, personal banking, investment banking, and depositary services. The bank engages in securities trading, foreign exchange operations, and precious metals trading, in addition to providing clearing and settlement services. Gazprombank has a robust distribution network with 43 branches and over 260 banking outlets across Russia. It also holds ownership interests in three other Russian banks and has a presence in Belarus, Armenia, and Switzerland through stakes in local banks. Furthermore, Gazprombank operates representative offices in Mongolia, China, and India. The bank is also notable for its acquisition of Gazprom Media in 2005, a major media holding in Russia.

Mitgo is a global tech company focused on delivering innovative solutions and promoting entrepreneurship. Our purpose is to build, invest in, and nurture online businesses. Mitgo offers solutions and services in the MarTech, FinTech, Smart Shopping and IT-driven Startup Incubation sectors. These currently include Admitad partner network, native advertising platform TakeAds, coupon and voucher advertising solutions FairSavings, influencer marketing platform ConvertSocial, affiliate and referral tracking software Tapfiliate, education and vocational training network Univibes. Mitgo commits to helping its partners make smarter decisions in their marketing and eCommerce efforts, fuelling the adoption of innovative ideas and preparing them to be launched and scaled-up within global markets. Additionally, Mitgo functions as a venture builder for startups and individual entrepreneurs, and as an investor network, seeking to support promising new IT projects. The company, headquartered in Neckarsulm, Germany, employs over 800 specialists across 10+ offices, spanning the USA ( Chicago), Europe (Amsterdam, Warsaw, Minsk, and Tbilisi), Brasil (São Paulo), the UAE (Dubai), and India (Gurugram). The company's founder and CEO, Alexander Bachmann

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.

Eurasian Development Bank is an international financial organization headquartered in Almaty, Kazakhstan, established in 2006 to promote economic growth and integration among its member states, which include Russia, Kazakhstan, Armenia, Tajikistan, Belarus, and Kyrgyzstan. The bank offers a range of banking products and services, including current accounts, term deposits, loans, and debt financing for both private and public entities. It is actively involved in financing infrastructure projects across various sectors such as power, mechanical engineering, chemicals, mining, and oil and gas. Additionally, the bank participates in the establishment of private equity funds and provides investment consulting services, aimed at fostering sustainable economic development and enhancing trade ties among its member countries.

Founded in 2013, SMRK is a venture capital firm based in Kyiv, Ukraine. It specializes in early-stage investments, focusing on information technology startups across various sectors such as software for mobile OS, offline business' online presence, B2C services, and B2B services.

Founded in 2007, Qiwi operates electronic online payment systems across Russia, Kazakhstan, Moldova, Belarus, Romania, and the United Arab Emirates. It offers payment services through a network of kiosks and terminals, enabling customers to pay for goods and services, transfer money, and use prepaid cards. Additionally, it provides digital banking services under the Rocketbank and Tochka brands.

Ciklum is a Danish IT outsourcing company that specializes in nearshore software development, primarily in Eastern Europe, notably Ukraine and Belarus. Founded in 2002, Ciklum employs over 1,700 IT specialists and serves more than 150 global clients through dedicated software development teams. The company offers a range of services including software development outsourcing, quality assurance, IoT, big data analytics, and engineering consulting, which support clients in their digital transformation efforts. Ciklum's unique business model emphasizes a collaborative approach, combining human interaction with technological expertise to foster growth and adaptability in fluctuating markets. The company provides both project-based services and short-term resources to address specific client needs efficiently. Ciklum operates development offices across Ukraine, Belarus, and Pakistan, with representative offices in several European countries. It has received multiple accolades for its innovation and quality of service, including recognition as one of the top IT employers in Ukraine. Ciklum is also an active member of various industry associations, reinforcing its commitment to the IT sector.

The Untitled is a venture capital firm founded in 2011 that funds seed through growth-stage technology companies. It invests directly into company equity or loans and seeks projects with a finished product or working prototype and proven metrics at or near payback. The firm focuses on digital technologies, retail and marketplace platforms, advertising, and new retail formats, with activity across Eastern Europe and Russia as well as expanding presence in Western Europe. Its footprint includes headquarters in Riga, Latvia, with offices in Moscow and London, and it operates multiple investment programs that tailor capital to the stage, ranging from seed rounds to larger growth rounds while typically taking minority stakes. By supporting cross-border market entry and international scaling, The Untitled aims to back teams with clear traction and scalable business models.

Founded in 2005 and headquartered in Moscow, UFG Private Equity is a private equity firm focusing on growth capital investments in small to mid-sized companies across various sectors. With a typical investment range of $15 million to $75 million, the firm targets companies with revenues between $20 million and $200 million, often acquiring at least a 25% stake. UFG Private Equity has a specific focus on companies based in Russia, Ukraine, Belarus, and Kazakhstan.

RBF Ventures is a venture capital firm based in Moscow, Russia, and is recognized as the first venture fund in Belarus. The firm primarily focuses on investing in technological startups at both the seed stage and growth stages, specifically Series A and B. Its managing partners include the Belarusian Innovation Fund and RVC Infrafund, which support its mission to foster innovation and growth in the technology sector.

HeadHunter is an online recruitment platform that connects job seekers with employers across Russia and several countries in the Commonwealth of Independent States, including Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. Launched in 2000 and headquartered in Moscow, the platform offers a range of services to both employers and job seekers. Employers can access a CV database and post job openings for a fee, while job seekers can find suitable job opportunities through the platform's desktop and mobile applications. The company's focus is on facilitating the recruitment process, making it easier for companies to find qualified candidates and for individuals to secure employment.

Founded in 2011, Starta Ventures is a venture capital firm based in New York with an additional office in Moscow. It specializes in investing in early-stage companies, focusing on sectors such as B2B, Education and HR, Gaming and E-sports, LegalTech, FoodTech, and FinTech. The firm typically invests up to $0.5 million per project, acquiring minority stakes of up to 10%. It aims to participate actively in its portfolio companies.

R12 Kapital is a private equity and venture capital firm based in Stockholm, Sweden, founded in 2009. It targets investments in the internet of things, manufacturing, commercial products, TMT, and related industrial sectors, and provides strategic advice and development support to its portfolio companies.

Founded in 2017 and headquartered in Paphos, Cyprus, GEM Capital is a prominent venture capital firm specializing in gaming investments. With a focus on growth capital and A-B rounds, the firm invests globally, supporting promising projects with international ambitions and scalable business models.

Shasta Ventures is a California-based venture capital firm founded in 2004 that invests in early-stage software companies in the United States, typically from seed to Series B. The firm is headquartered in Portola Valley, with a presence in Menlo Park, and focuses on software-related sectors such as software as a service, cybersecurity, infrastructure, data intelligence, and consumer subscription models. Shasta Ventures supports startups through an agile, founder-focused approach, offering resources and guidance tailored to early-stage needs.

i80 Group is an SEC-registered global investment firm established in 2016 and headquartered in New York, with offices in San Francisco, Montreal, and London. The firm specializes in asset-based financing that helps companies scale through growth, tailoring solutions to each partner’s needs. By providing capital tied to operational assets, i80 Group supports growth milestones for innovative companies across markets, combining strategic insight with financial expertise to advance the innovation economy.

JAL Ventures is a venture capital firm based in Herzliya, Israel, providing expansion capital and early revenue stage funding to fast-growing technology companies. It concentrates on B2B software, SaaS, e-commerce and internet businesses, as well as enterprise technology, cybersecurity, security and defense, and communications. The firm targets Israel-based companies with meaningful revenue, typically at or above one million dollars in annual sales, and supports rounds from Pre-A and Series A through expansion financing. Founded in 2004, JAL Ventures seeks opportunities in software, IT services, information technology and related sectors where scalable, tech-enabled platforms can achieve rapid growth.

AVentures Capital is a venture capital firm founded in 1994, headquartered in Kyiv, Ukraine. It specializes in early-stage investments, focusing on software technology sectors such as cloud, storage, enterprise solutions, web, mobile, IoT, and other related areas. The firm primarily invests in Eastern Europe, with a particular focus on Ukraine, seeking to back exceptional entrepreneurs building global businesses.

Founded in 2017, Forestay Capital is a venture capital firm headquartered in Geneva, Switzerland. It invests in revenue-generating technology companies across Europe, Israel, and the US, focusing on software and data-driven businesses that challenge established models.

Riverside Acceleration Capital, established in 2016, is a New York-based provider of growth capital to expansion-stage B2B software and technology companies. It offers flexible financing solutions that align with companies' growth trajectories, minimizing equity dilution. As part of The Riverside Company, a global private equity firm with over three decades of experience and 650+ investments, RAC leverages extensive resources to support its portfolio companies.

Dragon Capital is a prominent Ukrainian financial services firm established in 2000, headquartered in Limassol, Cyprus. The company provides a wide range of investment and financial services, including equities and fixed-income sales, trading and research, investment banking, private equity, and asset management to institutional, corporate, and private clients. Dragon Capital has a significant presence in the Ukrainian stock and debt markets, executing a substantial portion of the country's transactions and advising leading corporates and banks on debt financing through local bonds, Eurobonds, and structured finance. The firm's investment banking capabilities encompass domestic and cross-border mergers and acquisitions, initial public offerings, private placements, and various debt financing solutions. With a successful track record in private equity investments across various sectors in Ukraine, Dragon Capital has garnered a reputation for excellence, receiving multiple awards for its equity research and investment banking services. The company has completed over 100 capital-raising and advisory deals, contributing significantly to the development of the Ukrainian financial landscape.

Mosaik Partners is a San Francisco-based investment firm that backs U.S. technology companies, with a focus on financial technology and commerce-enabling software. It pursues early to expansion-stage opportunities across fintech, payments, software, regtech, capital markets technology, and AI/big data, typically investing about $2–7 million and sometimes in companies with negative EBITDA. The firm prefers minority stakes, aims to co-invest, and seeks board representation. It leverages extensive operating experience to help entrepreneurs scale, drawing on expertise in payments, e-commerce enablement, risk management, and related software sectors. Mosaik Partners targets private U.S. companies and provides strategic governance support to accelerate growth.

The Riverside Company is a global private equity firm founded in 1988 and headquartered in New York. It makes both control and non-control investments in growing businesses valued up to US$400 million, seeking to partner with owners who wish to remain involved to help drive growth. The firm focuses on sectors such as business services, consumer brands, education and training, franchising, healthcare, software and information technology, and manufacturing. Riverside has completed hundreds of transactions and maintains an international portfolio of more than 80 companies across regions including the United States, Canada, Europe, Japan, South Korea, Australia and New Zealand.

Kingsway Capital is an investment management firm that specializes in identifying and investing in high-growth opportunities across various sectors and geographies. With a focus on long-term value creation, Kingsway Capital leverages its expertise and network to support the growth and success of the companies in its portfolio. Through strategic investments and hands-on approach, Kingsway Capital aims to generate strong returns for its investors while contributing to the growth and development of the businesses it partners with.

EPAM Systems is a global IT services company that provides platform engineering, software development, and consulting, leveraging software engineering expertise to deliver product development and digital design services. The company serves clients worldwide, with North America representing a substantial share of revenue, and helps organizations adopt emerging technologies such as artificial intelligence, virtual reality, and robotics.

Soros Fund Management LLC is a privately owned family office and asset manager founded in 1969 by George Soros. Based in New York, the firm operates globally, managing a diverse array of investment strategies and asset classes. It invests in public equity and fixed income markets, as well as in foreign exchange, commodities, and futures trading. Additionally, Soros Fund Management engages in private equity and venture capital, focusing on capital-intensive startups, buyouts, and growth equity transactions, particularly in the energy and resources sectors. The firm also supports the Open Society Foundations and serves the investment needs of the Soros family, with offices in New York, London, Dublin, and Hong Kong.

Intuitive Venture Partners is a private equity and venture investment bank based in New York City, established in 2010. The firm specializes in raising venture and growth capital for emerging companies across various sectors, including technology, healthcare, and biotechnology. It offers comprehensive services in structuring, marketing, and executing private placements of equity and debt securities for both private and public companies, addressing the unique financial needs of its clients. With a focus on innovation-driven industries, Intuitive Venture Partners aims to support companies at pivotal stages of their growth journey.

Medici Ventures is the venture capital arm of Overstock.com, serving as a wholly owned subsidiary that manages investments in firms building blockchain technologies and related digital innovations. Established in 2014 and based in Salt Lake City, Utah, it focuses on information technology, blockchain, cybersecurity, software-as-a-service, and fintech sectors. The firm develops a portfolio of companies creating blockchain-enabled platforms and other technology businesses, aiming to advance practical applications and industry adoption.

Verge HealthTech Fund, established in 2018 and based in Singapore, is a venture capital firm focused on early-stage investments in global healthcare technology companies. It targets innovative solutions that address disease prevention, management, and health system efficiency, with a particular relevance to emerging Asian markets. The firm seeks and supports visionary founders creating transformative healthtech companies, aiming to foster their growth and scale, regardless of their origin, from Dhaka's streets to Oxford's labs.

Founded in 1864, Royal Bank of Canada is a global financial institution headquartered in Toronto. It offers a wide range of services including personal and commercial banking, wealth management, insurance, investor services, capital markets, and venture capital through its subsidiaries like RBC Ventures and RBCx.

NP Capital Ltd, established in 2018, is a private equity firm headquartered in Colombo, Sri Lanka. It specializes in acquiring stable companies and majority stakes, focusing on sectors such as financial services, agriculture, hospitality, property development, technology, and construction. The firm aims to invest in highly viable and vital business sectors, demonstrating a diversified investment approach.

Established in 2013, Impulse VC is a venture capital firm headquartered in Moscow, Russia. It invests in seed to series A-stage companies across various sectors, with a primary focus on adtech, B2B SaaS, proptech, and marketplaces.

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.

DTCP is an independent private equity investment firm based in Hamburg, Germany. Since its founding in 2015, it pursues investment strategies in Digital Infrastructure, Growth Equity, and Mobility, supporting technology-focused companies across Europe, the United States, and Asia. The firm has backed more than 60 companies and offers venture, growth, and advisory services for the technology, media, and telecommunications sectors. DTCP has about $1.7 billion in assets under management and advisory from Deutsche Telekom and other corporate and institutional investors. Its Growth arm invests in enterprise application and infrastructure software, while its Infra arm targets mobile access, fiber, and data center infrastructure.

Noventiq is a global provider of digital transformation and cybersecurity solutions and services. It operates in over 60 countries, offering software and cloud products, comprehensive services including cybersecurity, future workplace solutions, IT infrastructure management, multi-cloud deployment, transformation and management services, digital solutions, and Software Asset Management.

Tiger Global Management is a New York based investment firm that manages public and private market strategies to pursue technology-driven growth opportunities worldwide. Founded in 2001 by Charles (Chase) Coleman, the firm invests in leading global companies across various industries, with a particular emphasis on technology-enabled growth. In public markets it employs long/short and growth strategies, while in private markets it targets opportunities from early to late stage. The firm operates globally, including the United States, China, India, Latin America, and Eastern Europe, and works with portfolio companies across their lifecycle to drive long-term value.

Palta is a health and well-being technology company that develops products and services for preventive healthcare. It builds consumer mobile apps such as Flo, Simple, and Zing and operates a comprehensive health-tech platform that includes an AI-powered fitness coach. The platform enables users to track health metrics, receive personalized guidance, and make informed decisions to improve well-being. Palta aims to empower health-conscious individuals worldwide by providing tools to monitor progress and access tailored recommendations through its digital offerings.

Mapbox Inc. operates a robust mapping platform that creates and publishes custom maps for mobile and web applications. Founded in 2010 and based in Washington, D.C., the company provides essential infrastructure for businesses across various industries, including logistics, real estate, insurance, and transportation. Mapbox offers a suite of products, including APIs for directions and geocoding, mobile SDKs, and advanced data services that enable enterprises to analyze data, visualize properties, and enhance navigation. With over 4 million registered developers and a significant share of Fortune 500 companies utilizing its services, Mapbox stands out for its flexibility, security, and compliance with privacy standards. The platform is designed to empower location-aware applications, offering tools that support real-time map updates, routing engines, and traffic-aware travel times, thereby facilitating engaging navigation experiences across diverse sectors.

SOLventures is a venture investment fund established in 2013 and based in Nicosia, Cyprus. The firm specializes in investing in early-stage IT and e-commerce projects, focusing on startups in the advertising, finance technology, and mobile sectors. By leveraging the diverse experience of its partners, SOLventures aims to facilitate the growth and development of these startups, ensuring that the capital invested is utilized efficiently. The firm targets opportunities across Russia, the United States, and Europe, positioning itself as a key player in the venture capital landscape.

Gula Tech Adventures, Inc. is a venture capital firm based in Ellicott City, Maryland, that specializes in investing in early-stage start-ups within the cybersecurity sector. Founded in 2017, the firm focuses on seed and Series A investments, particularly in areas such as cyber hygiene, threat management, security engineering, and national security technology. The founders, Ron and Cyndi Gula, are veterans of the cybersecurity industry, having previously co-founded Tenable Network Security. They leverage their extensive experience to support the next generation of cybersecurity start-ups by providing funding, assisting with product development, and guiding capital raises. Gula Tech Adventures aims to foster innovation and growth in the cybersecurity landscape.

Founded in 1989 by John Hummer and Ann Winblad, Hummer Winblad Venture Partners is a venture capital firm based in San Francisco. It pioneered the idea of investing exclusively in enterprise software companies, demonstrating a deep understanding of the technology landscape. The team, with roots as engineers and programmers, supports entrepreneurs through their extensive experience in building successful companies.

C5 Capital, established in 2014, is a global private equity firm headquartered in London, with additional offices in the US, Europe, and the Middle East. The company specializes in early-stage investments, focusing on the secure data ecosystem, including cybersecurity, cloud infrastructure, data analytics, and space. C5 Capital invests in innovative companies across these sectors, seeking to build long-term relationships and foster a secure digital future. The firm typically invests between £2 million and $25 million in companies with a minimum baseline revenue of $5 million and high revenue velocity. C5 Capital also operates C5 Accelerate, a program aimed at accelerating best-of-breed start-ups in the cloud computing sector.

The Games Fund is an early-stage venture capital firm focused on the video games industry. Founded around 2020, it operates in the United States with offices in New York and Los Angeles, and its investments target game developers, gaming technologies, and related services. The firm supports its portfolio with industry experience and practical guidance, typically making investments in the range of a few million dollars. It pursues opportunities in the United States and Europe, aiming to back early-stage companies with strong growth potential in gaming.

Founded in 2012, IrishAngels is an early-stage venture firm based in Chicago. It focuses on investing in promising pre-seed and seed stage startups across the US, with a primary interest in B2B SaaS, consumer, and medical companies.