# Investors based in Belarus (2026 list) > 14 investors based in Belarus. Led by Fenox IT, ActiveHost RU, Alpha Venture Group. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-belarus (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Belarus Updated 7 November 2026 Firms headquartered in Belarus, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Belarus. [See all 14 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-belarus)The top 14 **14** investors on the list No change this week **0** cheques in 12 months Too few cheques to tell **$20K** median round they joined *-100%* against the market median **0%** wrote a cheque in 12 months **0%** have led a round ## The Top 14 Ordered by cheques observed, never by anything anyone paid for - 1 [Fenox IT](https://millionrounds.com/fund/fenox-it) quiet VC firm · Belarus **2** **$20K** median round **Dec 2012** last seen - 2 [ActiveHost RU](https://millionrounds.com/fund/activehost-ru) unknown Investment firm · Belarus **none observed** **-** median round **-** last seen - 3 [Alpha Venture Group](https://millionrounds.com/fund/alpha-venture-group) unknown VC firm · Belarus **none observed** **-** median round **-** last seen - 4 [BOL Capital](https://millionrounds.com/fund/bol-capital) unknown Investment firm · Belarus **none observed** **-** median round **-** last seen - 5 [Belgazprombank](https://millionrounds.com/fund/belgazprombank) unknown VC firm · Belarus **none observed** **-** median round **-** last seen - 6 [EnterInvest](https://millionrounds.com/fund/enterinvest) unknown Investment bank · Belarus **none observed** **-** median round **-** last seen - 7 [IMAGURU Startup Hub](https://millionrounds.com/fund/imaguru-startup-hub) unknown Accelerator · Belarus **none observed** **-** median round **-** last seen - 8 [Quattro Capital](https://millionrounds.com/fund/quattro-capital) unknown Investment firm · Belarus **none observed** **-** median round **-** last seen - 9 [RBF Ventures](https://millionrounds.com/fund/rbf-ventures) unknown VC firm · Belarus **none observed** **-** median round **-** last seen - 10 [The Initial Group](https://millionrounds.com/fund/the-initial-group) unknown Private equity · Belarus **none observed** **-** median round **-** last seen - 11 [bratte.com](https://millionrounds.com/fund/bratte-com) unknown Venture studio · Belarus **none observed** **-** median round **-** last seen - 12 [Anvacom Fund](https://millionrounds.com/fund/anvacom-fund) unknown Investment firm · Belarus **none observed** **-** median round **-** last seen - 13 [Consulting House Capital](https://millionrounds.com/fund/consulting-house-capital) unknown Investment firm · Belarus **none observed** **-** median round **-** last seen - 14 [Synesis Group](https://millionrounds.com/fund/synesis-group) unknown VC firm · Belarus **none observed** **-** median round **-** last seen ## Cheques by Quarter Led Joined Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states) - [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom) - [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada) - [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india) - [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany) - [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china) - [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates) - [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia) - [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Belarus ### Who are the most active investors based in Belarus? By cheques observed, the most active are Fenox IT, ActiveHost RU, Alpha Venture Group, BOL Capital and Belgazprombank. ### How many investors based in Belarus are there? 14 are on record. 0% made an investment in the last 12 months. ### How is this list of investors based in Belarus ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)