# Almaz Capital: portfolio, investments and team

> Almaz Capital is a vc firm based in United States. 45 investments on record, 1 in the last 12 months, latest Apr 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/almaz-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Almaz Capital

Last cheque observed Apr 2026; 45 cheques on record.

Email

Deploying now New fund $102M, Jul 2013 VC firm

Seed Series A Big Data & Analytics CRM CloudTech

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 45 on record

Since the last cheque **213** days **00** hrs **00** min **00** sec

Median round **$10M** Rounds led **0 of 45** Sole investor **5 rounds** Exits **2 from the portfolio** Mostly in **United States, 63%**

Pitch Almaz Capital

## Almaz Capital highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Seed: 59% of its rounds
- 03 Sole investor in 5 rounds, median $3.0M
- 04 2 exits from the portfolio

## What they do

> The support and commitment from EIF are made through InnovFin Equity, with the financial backing of the European Union (EU) under Horizon 2020 Financial Instruments, as well as financial backing of the EU under the European Fund for Strategic Investments and the Pan-European Guarantee Fund. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Big Data & Analytics CRM CloudTech
- **Based in:** Portola Valley, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **45 appearances**

- **2026** 1 round
- **Apr** **[Alcatraz](https://millionrounds.com/company/alcatraz)** Series B · US · Cogito Capital Partners **$50M** With 7 others
- **2025** 2 rounds
- **Oct** **[Moonshot AI](https://millionrounds.com/company/moonshot-ai)** Seed · CN · TechNode **$10M** With 4 others
- **Feb** **[Nomagic](https://millionrounds.com/company/nomagic)** Series B · PL · TechCrunch **$44M** With 3 others
- **2019** 2 rounds
- **May** **[Xometrty](https://millionrounds.com/company/xometrty)** US · FinSMEs **$50M** With 7 others
- **Feb** **[Zededa](https://millionrounds.com/company/zededa)** Series A · US · FinSMEs **$16M** With 4 others
- **2018** 1 round
- **Feb** **[Zededa](https://millionrounds.com/company/zededa)** Seed · US · FinSMEs **$3.0M** With 1 other
- **2017** 2 rounds
- **Oct** **[Petcube](https://millionrounds.com/company/petcube)** Series A · US · FinSMEs **$10M** With 2 others
- **Jun** **[FinalPrice](https://millionrounds.com/company/finalprice)** US · FinSMEs **$4.0M** With 1 other
- **2016** 1 round
- **Nov** **[Mobalytics](https://millionrounds.com/company/mobalytics)** Seed · US · FinSMEs **$2.6M** With 3 others
- **2015** 8 rounds
- **Nov** **[2can](https://millionrounds.com/company/2can)** Venture · RU **$1.3M** With 2 others
- **Sept** **[NFWare](https://millionrounds.com/company/nfware)** Seed · DE **Undisclosed** With 2 others
- **Jul** **[CarPrice.ru](https://millionrounds.com/company/carprice-ru)** Series B · RU **$40M** With 2 others
- **Jul** **[Sensity Systems](https://millionrounds.com/company/sensity-systems)** Venture · US **$36M** With 4 others
- **Jul** **[Cinarra Systems](https://millionrounds.com/company/cinarra-systems)** Series B · US **$20M** With 2 others
- **Jun** **[MakeTime](https://millionrounds.com/company/maketime)** Series A · US **$2.6M** With 1 other
- **Mar** **[Petcube](https://millionrounds.com/company/petcube)** Seed · US **$1.1M** With 4 others
- **Feb** **[RoboCV](https://millionrounds.com/company/robocv)** Series A · RU **$3.0M** With 4 others
- **2014** 9 rounds
- **Oct** **[CarPrice.ru](https://millionrounds.com/company/carprice-ru)** Seed · RU **$2.0M** With 8 others
- **Oct** **[Acumatica](https://millionrounds.com/company/acumatica)** Venture · US **$13M** With 3 others
- **Sept** **[Content Analytics](https://millionrounds.com/company/content-analytics)** Series A · US **$4.0M** With 1 other
- **Sept** **[GoodData](https://millionrounds.com/company/gooddata)** Series E · US **$26M** With 7 others
- **Jul** **[untapt](https://millionrounds.com/company/untapt)** Debt · US **$1.1M** With 2 others
- **Apr** **[StarWind Software](https://millionrounds.com/company/starwind-software)** Series B · CN **$3.3M** With 2 others
- **Mar** **[2can](https://millionrounds.com/company/2can)** Series B · RU **$5.0M** With 2 others
- **Feb** **[If You Can](https://millionrounds.com/company/if-you-can)** Series A · US **$6.5M** With 1 other
- **Feb** **[YaKlass](https://millionrounds.com/company/yaklass)** Venture · RU **$450K** With 2 others
- **2013** 6 rounds
- **Dec** **[Nival](https://millionrounds.com/company/nival)** Series A · RU · venturebeat.com **$6.0M** Sole investor
- **Nov** **[Acumatica](https://millionrounds.com/company/acumatica)** Series C · US · finsmes.com **$10M** With 1 other
- **Nov** **[KaChing!](https://millionrounds.com/company/kaching)** Seed · US **$1.5M** With 6 others
- **Oct** **[Cinarra Systems](https://millionrounds.com/company/cinarra-systems)** Series A · US · finsmes.com **$4.5M** With 1 other
- **Aug** **[Jelastic](https://millionrounds.com/company/jelastic)** Series C · US · finsmes.com **$3.5M** With 1 other
- **Jul** **[GridGain Systems](https://millionrounds.com/company/gridgain-systems)** Series A · US · finsmes.com **$10M** With 2 others
- **2012** 7 rounds
- **Dec** **[Hover 3D](https://millionrounds.com/company/hover-3d)** Seed · US **$3.1M** With 2 others
- **Sept** **[Pruffi](https://millionrounds.com/company/pruffi)** Series A · RU **$400K** Sole investor
- **Sept** **[2can](https://millionrounds.com/company/2can)** Series A · RU **$2.0M** With 1 other
- **Apr** **[Jelastic](https://millionrounds.com/company/jelastic)** Series A · US · pevc.dowjones.com **$2.0M** With 1 other
- **Apr** **[Jelastic](https://millionrounds.com/company/jelastic)** Series B · US **$2.0M** With 1 other
- **Mar** **[Travelmenu](https://millionrounds.com/company/travelmenu)** Series B · RU **$2.5M** With 1 other
- **Feb** **[nScaled](https://millionrounds.com/company/nscaled)** Series A · US · fis.dowjones.com **$7.0M** With 1 other
- **2011** 4 rounds
- **Jun** **[AlterGeo](https://millionrounds.com/company/altergeo)** Venture · RU · techcrunch.com **$10M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AV **Alexander V. Galitsky** Executive Officer i Filing they signed

CE **Charles Emmitt Ryan** Executive Officer i Filing they signed

GB **Geoffrey Baehr** Shareholder-Partner i Form ADV

PV **Pavel V. Bogdanov** Executive Officer i Filing they signed

We also hold **12** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$66M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Almaz Capital Management LTD.
- **SEC number:** CRD 171092

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[nScaled](https://millionrounds.com/company/nscaled)** Bought by Acronis **Undisclosed** Sept 2014

**[Snapjoy](https://millionrounds.com/company/snapjoy)** Bought by [Dropbox](https://millionrounds.com/fund/dropbox-ventures) **Undisclosed** Dec 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$102M**

raised in Jul 2013

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$10M** the round, not its cheque Alone, median **$3.0M**

Led 0 of 45 rounds **0%**

- **Sole investor:** 5 rounds
- **Last cheque:** Apr 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series A said *14*
- Seed said *9*
- Series B *8*
- Venture *6*
- Series C *2*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Runa Capital](https://millionrounds.com/fund/runa-capital) 4
- [AVentures Capital](https://millionrounds.com/fund/aventures-capital) 3
- [Inventure Partners](https://millionrounds.com/fund/inventure-partners) 3
- [ESN Group](https://millionrounds.com/fund/esn-group) 2
- [European Bank for Reconstruction and Development](https://millionrounds.com/fund/ebrd) 2
- [Foresight Ventures](https://millionrounds.com/fund/foresight-ventures) 2

**Pitching Almaz Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Almaz Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Runa Capital** VC firm **4** rounds together](https://millionrounds.com/fund/runa-capital)[**AVentures Capital** VC firm **3** rounds together](https://millionrounds.com/fund/aventures-capital)[**Inventure Partners** VC firm **3** rounds together](https://millionrounds.com/fund/inventure-partners)[**ESN Group** Investment firm **2** rounds together](https://millionrounds.com/fund/esn-group)[**European Bank for Reconstruction and Development** Private equity **2** rounds together](https://millionrounds.com/fund/ebrd)[**Foresight Ventures** Accelerator **2** rounds together](https://millionrounds.com/fund/foresight-ventures)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Intel Capital** Corporate VC **2** rounds together](https://millionrounds.com/fund/intel-capital)[**Maxfield Capital** VC firm **2** rounds together](https://millionrounds.com/fund/maxfield-capital)[**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator)

## Recently backed

The latest companies Almaz Capital put money into.

[**Alcatraz** $50M · Apr 2026](https://millionrounds.com/company/alcatraz)[**Moonshot AI** $10M · Oct 2025](https://millionrounds.com/company/moonshot-ai)[**Nomagic** $44M · Feb 2025](https://millionrounds.com/company/nomagic)[**Zededa** $16M · Feb 2019](https://millionrounds.com/company/zededa)[**Petcube** $10M · Oct 2017](https://millionrounds.com/company/petcube)[**Mobalytics** $2.6M · Nov 2016](https://millionrounds.com/company/mobalytics)

## Quick answers about Almaz Capital

### What does Almaz Capital invest in?

Almaz Capital invests most often at Series A and Seed (59% of the rounds on record), in sectors such as Big Data & Analytics, CRM and CloudTech.

### How active is Almaz Capital?

45 investments on record, 1 of them in the last 12 months. The most recent was in Apr 2026.

### What has Almaz Capital invested in recently?

Its most recent investments on record: Alcatraz (Series B, Apr 2026), Moonshot AI (Seed, Oct 2025) and Nomagic (Series B, Feb 2025).

### How big are Almaz Capital's cheques?

The median round it joins is $10M.

### Does Almaz Capital lead rounds?

Rarely, if at all: none of its 45 investments on record names it as the lead.

### Where does Almaz Capital invest?

Most of the companies it backs are in the United States (63%), Russia (28%) and China (5%).

### Is Almaz Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Almaz Capital invest alongside?

Most often Runa Capital (4 rounds together), AVentures Capital (3 rounds together) and Inventure Partners (3 rounds together).

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