Top 4 Venture Capital Firms in Russia in 2023

The startup community has been growing in Russia in recent years.

This has come along with an increase in the amount of money flowing from VCs into startups.

In this article, you can find a hand-picked list of venture capital firms in Russia.

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4 Venture Capital Firms in Russia

1) MassChallenge

MassChallenge is a startup accelerator providing early-stage capital and mentorship to startups across North America and Europe.

Details of the VC firm:

• Country: USA, Israel, Mexico, Switzerland, South Korea, Australia, China, Colombia, France, Poland, Ireland, Taiwan, Thailand, United Kingdom, Spain, Russia, Morocco
• City: Boston, Texas City
• Started in: 2010
• Founders: John Harthorne, Akhil Nigam
• Industries: Fintech, Healthcare, Cybersecurity, Climate & Sustainability
• Stages: Early Stage
• Maximum check size: $2,000,000
• Number of investments: 2103
• Number of exits: 562
• Funds raised: $8,600,000,000
• 3 remarkable investments: Frenalytics, Neurava, SheFly

You can find their website here.

You can send them an email at info@masschallenge.org.

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2) Runa Capital

Runa Capital invests in seed to series B companies in enterprise software, deep tech, fintech, edutech and digital health across America and Europe.

Details of the VC firm:

• Country: USA, Russia, Germany, France, Luxembourg, United Kingdom
• City: Moscow, Berlin, Paris, Palo Alto, Luxembourg, London
• Started in: 2010
• Founders: Serg Bell, Ilya Zubarev
• Industries: Fintech, SaaS, Deep Tech & Hard Science, Healthcare, AI & ML, Internet & Mobile, Education
• Stages: Seed, Early Stage, Late Stage, Series A, Series B
• Minimum check size: $1,000,000
• Maximum check size: $10,000,000
• Number of investments: 156
• Number of exits: 61
• Funds raised: $157,000,000
• 3 remarkable investments: NGINX, MariaDB, Acumatica

You can find their website here.

You can send them an email at info@runacap.com.

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3) Elevator Ventures

Elevator Ventures Corporate Venture Capital primarily invests in early and growth-stage fintech startups across CEE.

Details of the VC firm:

• Country: Austria, Russia, Hungary, Serbia, Bulgaria, Albania, Croatia, Ukraine, Slovakia, Romania
• City: Vienna, Tuzla
• Started in: 2018
• Founders: Hannes Cizek, Maximilian Schausberger
• Industries: Fintech, E-Commerce, SaaS, Infrastructure, Agriculture
• Stages: Series A, Series B
• Maximum check size: €3,000,000
• Number of investments: 14
• Number of exits: 3
• 3 remarkable investments: CloudCart, FINQware, Twisto

You can find their website here.

You can send them an email at office@elevator-ventures.com.

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4) Kama Flow

Kama Flow is an investment firm financing fast-growing Russian tech companies.

Details of the VC firm:

• Country: Russia
• City: Moscow, Novosibirsk
• Started in: 2013
• Founders: Eduard Adamyan
• Industries: Big Data & Analytics, Industrial, Climate & Sustainability, Internet & Mobile
• Stages: Early Stage, Pre-Seed, Seed
• Number of investments: 14
• Number of exits: 1
• Funds raised: $3,500,000,000
• 3 remarkable investments: Expay, SmartC, Refin Online

You can find their website here.

You can send them an email at info@kamaflow.com.

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