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Siberia Fund is a venture capital firm founded in 2020, dedicated to investing in startups focused on blockchain and artificial intelligence (AI). The firm operates on a global scale, aiming to support ambitious entrepreneurs in developing innovative technology companies. Since its inception, Siberia Fund has positioned itself as a partner for early-stage startups, providing not only financial backing but also analytical and market support.
As of now, Siberia Fund has established a reputation for its commitment to forming long-term partnerships with the founders it backs. The firm emphasizes collaboration and aims to help its portfolio companies navigate the complexities of building successful tech ventures. The co-founders, Bulat Zagretdinov and Alex Markelov, bring a wealth of experience and expertise to the firm, enhancing its ability to support startups in the rapidly evolving tech landscape.
Siberia Fund invests primarily in early-stage startups and growing companies, with a specific focus on sectors such as fintech, artificial intelligence (AI), software as a service (SaaS), and other breakthrough technologies. The firm participates in investment rounds ranging from Seed to Series B, which allows it to engage with companies at various stages of their development. This flexibility in investment stages enables Siberia Fund to support founders as they scale their businesses.
The fund's investment strategy emphasizes long-term partnerships with founders, aiming to provide not just capital but also valuable insights and resources. Siberia Fund seeks to back ambitious entrepreneurs who are building the future of AI and blockchain, and it is particularly interested in companies that demonstrate innovative approaches to technology. The firm’s commitment to collaboration and support is a key aspect of its investment philosophy.
Siberia Fund has engaged in notable OTC deals with several high-profile companies, achieving significant yields. The following companies are part of its portfolio:
In addition to these notable exits, Siberia Fund has also invested in several other companies, including Perplexity, Anthropic, Databricks, Waymo, Cognition, Cursor, and ElevenLabs. These investments reflect the fund's focus on innovative technology companies across various sectors, particularly in AI and blockchain.
Bulat Zagretdinov - Co-Founder & CIO. Bulat has extensive experience in the venture capital space, focusing on investments in digital assets and blockchain technologies since the fund's inception in 2020. He plays a crucial role in guiding the fund's investment strategy and supporting portfolio companies.
Alex Markelov - Co-Founder & COO. Alex contributes to the operational aspects of Siberia Fund and is involved in research and analysis related to the fund's investment activities. His background in technology and finance supports the firm's mission to back innovative startups.
As of April 2026, Siberia Fund has reported significant activity in the venture capital space, particularly with its OTC deals involving companies like OpenAI, Epic Games, and Harvey. These deals have reportedly yielded impressive returns, showcasing the fund's ability to identify and capitalize on high-potential investments.
The firm continues to expand its portfolio, with recent investments in companies such as Perplexity, Anthropic, Databricks, Waymo, Cognition, Cursor, and ElevenLabs. This expansion reflects Siberia Fund's commitment to supporting innovative technology ventures across various sectors.
What are Siberia Fund's investment criteria?
Siberia Fund focuses on early-stage startups and growing companies in sectors such as fintech, AI, SaaS, and blockchain technologies. The firm looks for ambitious founders who are building innovative solutions and demonstrates a commitment to long-term partnerships.
How can founders pitch to Siberia Fund?
Founders interested in pitching to Siberia Fund should prepare a detailed presentation that outlines their business model, market opportunity, and growth strategy. While specific application forms are not mentioned, reaching out through the contact options on their website is recommended.
What makes Siberia Fund different from other investors?
Siberia Fund distinguishes itself by providing not only capital but also analytical and market support to its portfolio companies. The firm emphasizes collaboration and aims to foster long-term relationships with founders, which can be beneficial for startups navigating the complexities of the tech industry.
What is the geographic scope of Siberia Fund's investments?
The firm operates globally, allowing it to invest in startups from various regions. This global focus enables Siberia Fund to tap into diverse markets and innovative technologies worldwide.
What is the typical check size for investments?
While specific check sizes are not disclosed, Siberia Fund participates in investment rounds from Seed to Series B, indicating a willingness to invest at various stages of a startup's development.
What kind of post-investment support does Siberia Fund provide?
Siberia Fund adds value to its portfolio companies by offering analytics, incubation, and acceleration support. The firm aims to help founders navigate challenges and scale their businesses effectively.
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