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Founded in 2008, Almaz Capital is a venture capital firm headquartered in Portola Valley, California, and Berlin, Germany. The firm has established itself as a key player in the technology investment landscape, particularly focusing on enterprise software, security, networking, analytics, and data technologies. Almaz Capital has a total AUM of approximately $463 million across three funds, with the latest fund, Fund III, closing at $191 million in 2021.
Almaz Capital has built a reputation for bridging Silicon Valley networks with Eastern European and Russian engineering talent. This unique positioning allows the firm to support founders in creating global companies. The firm has a portfolio of around 70 active companies and has made over 100 investments, including follow-ons, demonstrating its commitment to nurturing technology startups.
Almaz Capital primarily invests in later-stage portfolio companies, emphasizing exit strategies. The firm targets a wide range of sectors, including AI, cybersecurity, SaaS, fintech, healthcare, logistics, energy, web3, and frontier technologies. Check sizes typically range from $1 million to $20 million, allowing for flexibility in supporting various stages of growth.
The firm has a particular interest in capital-efficient deep tech B2B areas, including AI/ML, blockchain, IoT/edge computing, and cybersecurity. Almaz Capital seeks to partner with founders who demonstrate strong technical expertise and a clear vision for scaling their businesses. The firm’s geographic focus spans globally, with a strong emphasis on North America, Europe, and Asia.
Almaz Capital's portfolio includes a diverse array of companies, showcasing its commitment to innovative technology solutions. Notable companies in their portfolio include:
In addition to its active investments, Almaz Capital has achieved notable exits, including:
Charles E. Ryan - General Partner. Charles has extensive experience in venture capital and technology investments, focusing on deep tech sectors.
Aniruddha Nazare - General Partner. Aniruddha brings a strong background in technology and investment, with a focus on scaling startups.
Geoffrey Baehr - General Partner. Geoffrey has a wealth of experience in the venture capital space, particularly in technology-driven companies.
Pavel (Pasha) Bogdanov - General Partner. Pavel has a strong technical background and expertise in supporting technology startups.
Michael Bastholt - Partner & COO. Michael oversees operations and plays a key role in managing the firm's investments.
Russell Green - Financial Controller. Russell manages the financial aspects of the firm, ensuring sound fiscal practices.
To pitch Almaz Capital, founders should submit their presentations via email at presentations@almazcapital.com or through the pitch portal at almazcapital.com/pitch. A well-structured pitch deck should include details about the business model, market opportunity, competitive landscape, and team qualifications. Founders can expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In the past year, Almaz Capital has made four new investments, including notable companies like Refurbed and Moonshot AI. These investments align with the firm's focus on capital-efficient deep tech B2B companies.
Almaz Capital continues to actively deploy capital from Fund III, which closed in 2021 at $191 million. The firm has a strong track record of successful exits, including the IPOs of Yandex and Xometry, and remains committed to supporting its portfolio companies in achieving their growth objectives.
What are Almaz Capital's investment criteria?
Almaz Capital invests in later-stage technology companies, particularly in sectors such as AI, cybersecurity, and enterprise software. The firm looks for capital-efficient deep tech B2B companies with strong technical teams and clear growth strategies.
How can founders pitch to Almaz Capital?
Founders can pitch to Almaz Capital by submitting their presentations via email at presentations@almazcapital.com or through their pitch portal at almazcapital.com/pitch. A well-structured deck that outlines the business model, market opportunity, and team is essential.
What makes Almaz Capital different from other VCs?
Almaz Capital differentiates itself by bridging Silicon Valley networks with Eastern European and Russian engineering talent. This unique approach allows them to support founders in building global companies while leveraging their extensive institutional backing.
What is Almaz Capital's geographic focus?
The firm has a global investment strategy, with a strong emphasis on North America, Europe, and Asia. Originally focused on the CIS and CEE regions, Almaz Capital has expanded its reach to include startups worldwide.
What is the typical check size for investments?
Almaz Capital typically invests between $1 million and $20 million in its portfolio companies, allowing for flexibility in supporting various stages of growth.
What kind of post-investment support does Almaz Capital provide?
Almaz Capital adds value to its portfolio companies by leveraging its extensive network, providing strategic guidance, and facilitating connections with potential partners and customers. The firm is actively involved in supporting the growth and scaling of its investments.
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