The Largest VC Firms in Russia & Central Asia

Silicon Valley Bank (SVB) is a specialized financial partner for the innovation economy, serving startups from pre-seed to IPO, as well as venture capital and private equity investors globally.

Novo Holdings A/S is the holding and investment company responsible for managing the assets of the Novo Nordisk Foundation, one of the world's largest enterprise foundations. Established in 1999, the company is headquartered in Copenhagen, Denmark, with offices in London, San Francisco, Boston, Singapore, and Shanghai. As of 2024, Novo Holdings manages total assets of DKK 1,060 billion (€142 billion). The company's primary objective is to improve people's health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation. To achieve this, Novo Holdings invests in life science companies at all stages of development and manages a diversified portfolio that includes equities, bonds, real estate, infrastructure assets, and private equity investments. In 2024, Novo Holdings reported record total income and investment returns of DKK 60 billion (€8.0 billion), driven by strong performances from its investment portfolio and the Novo Group companies. A significant recent development was the completion of a $16.5 billion acquisition of Catalent, a contract drug manufacturer, in December 2024. This strategic move aims to bolster the production of Wegovy, a popular weight-loss drug, to meet increasing demand. Novo Holdings' investment areas include life science investments, capital investments, and planetary health investments, with a focus on regions such as North America, Europe, and Asia. The company's guiding principles emphasize high performance with respect and responsibility, an ambitious strategy focused on return-driven investments, and excellence in operations, including talent development and strong governance.

TenOneTen Ventures is a Los Angeles-based venture capital firm that invests early in technical teams transforming major industries like healthcare, logistics, and manufacturing using AI and data.

Vertex is a global network of venture capital funds. The Vertex network of funds invests in early stage opportunities in technology through Vertex Ventures and healthcare through Vertex Ventures HC, and growth stage opportunities through Vertex Growth. Each of the Vertex Ventures funds in Israel, USA, China, and SEA & India operate independently, with separate local teams that raise and manage respective funds independently.Vertex Holdings is an anchor investor in each of the Vertex funds, namely: Vertex Ventures China, Vertex Ventures USA, Vertex Ventures Israel, Vertex Ventures SEA & India, Vertex Ventures HC, and Vertex Growth. Vertex Holdings is owned by Temasek Holdings.

Canaan is an early-stage venture capital firm that invests in visionaries with transformative ideas. While we love speedy success, we're acutely aware that greatness comes in many forms and at different times. That's why we're not afraid to break the mold to bring something spectacular to life. Our approach is personal. We don’t believe in a one-size-fits-all approach, but there are a few absolutes intrinsic to who we are and how we work. And these values weren’t contrived out of thin air, they’re hard earned over the past 30 years and counting. 01 High performance, low ego. The old adage “actions speak louder than words” rings true within Canaan’s walls, and in our interactions with companies out in the wild. Words like "understated" and "effective" are often used to describe our partners, and that’s fine by us. We’ll leave the bragging to the others. “Seasoned investors can be very arrogant, but Canaan is no BS, unassuming, and humble—no hysteria, no angst.” — Michael Gilman, CEO Arrakis 02 People are more than statistics. A diverse team means we bring varied perspectives to the table. And that table welcomes out-of-the-box thinking, spirited debate, and people from all walks of life. It’s our individual backgrounds and interests that inform our collective approach, which spans industries, generations, and coasts. In short, our diversity is who we are and what we do. 03 We ask for help, and so should you. We firmly believe that two heads are better than one. So while our investors thrive in 1:1 partnerships, our companies also have the support of the entire Canaan team whenever, wherever. Recruiting your executive team? We’ll mobilize our full network. Need operational advice to bring a product to market? We’ll connect you with the right partner or colleague. Our resources are yours. “Even if Canaan hadn’t funded us, just going through the process with them – the discussions we had and the questions they asked – already made us a better company. And that’s amazing.” — Julie Wainwright, CEO The RealReal 04 The Golden Rule still applies. We treat you like we treat ourselves—with respect, transparency, and honesty—even if it’s sometimes not what you want to hear. It’s this approach that makes our portfolio companies more like family, because we’re not afraid to get in the weeds and help solve big hairy problems. In fact, it’s what we live for. We’re acutely aware that our success hinges on your success, so we do what it takes. “We made big strategic shifts as a company and worked closely with Maha through all of them. Canaan is really smart about the way they get involved and how they support you through good times and bad.” — Kevin Chou, former CEO Kabam 05 We're in the know, not in the way. We’d be lying if we said we weren’t hands-on, but we also know when to step back and let you soar. Our goal is to add value to your process, and help you grow in ways you couldn’t alone. That’s why you’ll never see us booking meetings just to check a box or “see how are things are going.” We’ll already know, because that’s the kind of relationship we have with our companies. Balance, diversity and passion are at the core of who we are. Meet the hardworking people who defy convention, shatter glass ceilings, and take companies to the top — all with a unique style and a healthy dose of humor.

RUSNANO was established in March 2011 as an open joint-stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is chairman of the Executive Board of RUSNANO.Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.Read more at http://www.rusnano.com

We follow a people-first, markets-second approach to investing. We primarily invest at the early stages of companies, with selective investments in companies at the later stage. We are currently investing out of our fifteenth early-stage fund, the $400 million Mayfield XV, and our first growth stage fund, the $125 million Mayfield Select.

500 Global is a venture capital firm with $2.3 billion in assets under management, investing in globally ambitious founders building fast-growing technology companies. The firm focuses on U.S. and global markets where innovation, capital, and ecosystems can propel startups and unlock long-term value. 500 Global has backed over 35 companies valued at $1 billion or more and more than 160 companies valued at over $100 million. The firm invests across sectors, geographies, and markets, leveraging its unique global networks and resources to unlock the potential of entrepreneurs and drive uncommon outcomes.

Abingworth is a transatlantic life sciences investment firm that partners with entrepreneurs to turn breakthrough science into medicine. Investing across all stages from seed to public companies, they focus on biopharma, therapeutics, medical devices, and diagnostics with offices in London, New York, and San Francisco.

Evolution Equity Partners is an international venture capital firm specializing in cybersecurity investments. Led by technology entrepreneurs with extensive experience in building software companies globally, the firm leverages its deep operational, technical, product development, and go-to-market expertise to support entrepreneurs in creating market-leading cybersecurity solutions. Evolution Equity Partners invests across multiple stages, from seed to growth, partnering with exceptional entrepreneurs to build and scale innovative cybersecurity companies. Their portfolio includes notable companies such as Security Scorecard, Arctic Wolf, Talon, Quantexa, Pentera, and Snyk. The firm is committed to providing unparalleled resources and insights, offering an operating playbook to effectively guide cybersecurity startups from inception to IPO. This includes equipping companies with the knowledge, tools, and strategies necessary to drive performance and achieve success in the competitive cybersecurity landscape.

Finstar Financial group is an international private equity and investment advisory firm with around USD$2 billion of assets under management (AUM). The company is headed by Oleg Boyko and has a diversified investment footprint in more than 30 countries. Finstar’s investment professionals target opportunities in Europe, the US, Asia, Latin America and the CIS. The group is strongly focused on the fintech sector and has been highly successful historically in banking and financial services, IT, real estate, FMCG retail, media, and entertainment sectors. Finstar has a proven track record of 25 years of operational excellence in startups, turnarounds, joint ventures and mergers & acquisitions.

Headline is a Venture Capital firm actively on the ground in 7 cities around the world. We invest across geographies, leading rounds at every stage. Once we commit to a team, we go to the ends of the earth to make their success global. Our Early Stage Funds are based in the US, Europe, Asia, and Brazil, and invest locally. Our San Francisco-based Growth Fund invests globally from Series B and beyond, working in collaboration with our Early Stage Teams. The sizes and locations of these funds make it possible for us to see local trends up close, identify winning founders, and lead rounds at every stage. Sonos, The RealReal, Creditas, Sorare, Pismo, AppFolio, goPuff, Acorns, Farfetch, Segment, Bumble and Yeahka are among the stars in Headline’s world.

Founded in 1989, SCF Partners (“SCF”) provides equity capital and strategic growth assistance to build leading energy service and equipment companies that operate throughout the world. The firm is headquartered in Houston, Texas and has additional offices in Calgary, Singapore and Aberdeen. SCF currently oversees approximately $2 billion under management and has built more than 70 platform services companies, completing over 340 growth acquisitions, through partnerships with energy services and equipment entrepreneurs.

Established in 1997, Vertex Ventures Israel is one of Israel's pioneering and most successful venture capital firms, managing over $1.4 billion in assets. The firm specializes in early-stage investments, focusing on Seed to Series B rounds, and has supported more than 150 companies across various sectors, including enterprise SaaS, cybersecurity, artificial intelligence, and fintech. Notable portfolio companies include Waze, CyberArk, and SolarEdge. Vertex Ventures Israel is part of the Vertex Global Network, which extends its reach beyond Israel to markets in Silicon Valley, China, Singapore, and India, providing portfolio companies with valuable resources and connections to maximize their growth potential.

Forgepoint Capital is a global early-stage venture capital firm that backs transformative cybersecurity, artificial intelligence, and infrastructure software companies, from first call to exit.

Run Capital, the Investment Fund, was founded in April 2014 by a successful Russian entrepreneur Andrey RomanenkoRun Capital is focused on seed and early stage investments in IT & Tech sectors internationally. The company is managed by serial entrepreneurs and founders of Qiwi, a NASDAQ-listed e-wallet and payment system. We are currently seeking to expand the investment portfolio with international growth companies that could benefit from extensive entrepreneurial experience and contact base of our managers.

WELCOME TO AL FALAH CAPITAL PARTNERS! Al Falah Capital Partners manages Falah Growth Fund, a leading investment fund focused on CIS with committed capital amounting to USD 500 million from partners in UAE and Kazakhstan. While open to opportunities across the CIS, the fund provides capital for companies engaged in Central Asia and lays an emphasis on projects in Kazakhstan. The fund invests in priority sectors as Energy, Power, Food Production, Infrastructure, Natural Resources and Real Estate. The International Petroleum Investment Company (IPIC) was formed by the Abu Dhabi government in 1984, and tasked with an ambitious mandate to invest in the energy and related sectors across the globe. IPIC’s portfolio comprises more than 15 investments across Europe, North America, the Middle East, and Asia, and total assets valued at approximately $60 billion. Ordabasy Group is a Kazakhstan-based investment company with a diversified portfolio in Kazakhstan. Kazyna Capital Management (KCM) is a fund of funds owned by the National managing holding Baiterek JSC. The main objectives of KCM include development of capital markets in Kazakhstan, attraction of foreign direct investment, transfer of best worldwide investment practices and creation of an investment platform for interactions between the government and foreign investors KEY FUND TERMS Fund size: USD 500 million in commitments Fund Life: 10 years to January 2022 + three optional single year extensions Investment period: to January 2019 Management fee: Bottom-up to a maximum 2% on commitments during investment period and on capital invested thereafter _________________________________________________________________________________________________ INVESTMENT STRATEGY Geography: ► Kazakhstan, Russia and CIS Situations: as ►s All majority and significant minority situations Growth capital Buy-out Restructuring The following start-up situations are considered: - Development of infrastructure and quasi-infrastructure assets - “Brownfield”, new venture set-up by an existing relevant player in the market - JVs with foreign companies into Kazakhstan, specifically industrial models anywhere else by the promoter and execution capabilities proven Target Companies: All sectors considered Ticket size USD 10-50 million per investment Different structures considered: Equity, Structured Equity, Convertible Debt

Genesys Capital Partners Inc. is a venture capital firm specializing in seed, start up, early stage, mid stage and growth capital investments. The firm prefers to invest in healthcare, bioscience, medical technology, life sciences and biotechnology sectors. Within the life sciences industry, it focuses on biopharmaceuticals, medical devices, and healthcare services. The firm prefers to invest in North America with a focus on Canada and United States. Genesys Capital Partners Inc. was founded in 2000 and is based in Toronto, Canada.

Founded in 2006 VIYM provides Private Equity services for institutional and private investors via two core business lines: Private Equity Management and Third Party Luxembourg-based AIFM Platform. It has its Head quarter in London as well as offices in Luxemburg, Moscow and Saint Petersburg.VIYM invests in Europe’s urban hospitality real estate within value-added and opportunistic strategies always and mandatorily on terms of cooperation with the leading international hotel operators. Through its property arm VIYM has investments in Four Seasons Lion Palace Saint-Petersburg, Radisson Blue Park Royal Vienna, Hard Rock Hotel Davos and some other real estate being developed in association with global strong brands. Apart from that, within a separate PE fund, VIYM provides its investors opportunities to invest in the Russian mid-cap companies with rock-bottom valuations and sustainable growth drivers. Primary industries: consumer related business, food & agriculture, healthcare, technology.VIYM is managing investment platforms with overall responsibility for more than USD400 million AUM.

Digital Horizon is a venture capital firm and venture builder that supports global founders, with a particular focus on immigrant talent. They operate a $350M fund and leverage a unique methodology to invest across various stages, combining domain expertise with a hands-on approach to scaling startups in sectors like Fintech and AI.

Konvoy is a thesis driven investment firm. We invest in the technologies and platforms of interactive entertainment, deep tech, and critical industries.

4BIO Capital is a London-based venture capital firm specializing in life sciences investments. The firm focuses on advanced therapies that address significant unmet medical and social needs. Their investment strategy encompasses various therapeutic areas, including gene therapy, cell therapy, RNA-based therapy, targeted therapies, and microbiome-based treatments.

V-Bio Ventures is a life science venture capital fund that co-creates startups and invests in early- to mid-stage companies. They focus on therapeutics, including drug discovery and development, leveraging a preferred relationship with the VIB research institute.

Presto Ventures is a Prague based investment company empowering talented CEE start-up founders. As our name suggests, speed is key to our mission. We act quickly to help you progress quickly – supporting you in fast learning, fast business development, and ultimately, fast growth.

Kama Flow is an independent investment firm founded in 2012 in Moscow, Russia. Kama Flow focuses on innovative technologies in the fast-growing sectors. Kama Flow's competitive advantage has been grounded in a value-added investment approach that has enabled the firm to deliver high level services to its partners.