Almaz Capital partners launch $30m Russian VC fund

Almaz co-founder Alexander Galitsky and venture partner Serguei Beloussov have launched Runa Capital, a $30m vehicle offering seed financing to early stage internet and software companies in the country.

Runa managing partner Dmitry Chikhachev said, “These teams face a number of challenges as they transform from technology concepts to successful businesses. Given our background and expertise, we’re able to proactively set them up for success by helping create high-quality products, develop and execute marketing strategies and find international partners.

“We involve best-in-class experts and mentors, and leverage our affiliated companies and professional networks to help our start-ups grow. That’s what makes our approach really unique and attractive to early stage companies,” he added.

Runa Capital investments will be supported by the Runapark business incubator, which will provide assistance to young companies as they develop.

With offices in Moscow and Silicon Valley, Almaz Capital Partners provides investors access to opportunities in Russia and the Commonwealth of Independent States (CIS). The firm targets companies with proven technologies with application for global markets, which may be located outside those regions, and in companies with products with application in Russia and the CIS region.

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