Organization · Venture Capital
Almaz Capital
Almaz Capital is a venture capital firm founded in 2008, based in Portola Valley, California, and Berlin, Germany. It focuses on investing in early-stage deep tech B2B software companies, particularly in AI/ML, blockchain, and cybersecurity.
Overview
What Almaz Capital does
What Almaz Capital is
Almaz Capital is a venture capital firm founded in 2008, based in Portola Valley, California, and Berlin, Germany. It focuses on investing in early-stage deep tech B2B software companies, particularly in AI/ML, blockchain, and cybersecurity.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2008
- Approximate age
- About 18 years
- Structured capabilities
- Funder
- Last reviewed
- April 9, 2026
Official channels
Find Almaz Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Almaz Capital as a funder
Investment thesis
Almaz Capital focuses on investing in capital-efficient deep tech B2B companies, particularly in cybersecurity, cloud ERP, edge computing, and AI/ML. The firm bridges Silicon Valley networks with Eastern European and Russian engineering talent, supporting founders building global companies.
Focus narrative
Almaz Capital invests primarily in later-stage portfolio companies, emphasizing exit strategies. The firm has a particular interest in sectors such as enterprise software and telecommunications, while also focusing on deep tech B2B areas including AI/ML, blockchain, IoT/edge computing, and cybersecurity.
Value beyond capital
Almaz Capital adds value to its portfolio companies by leveraging its extensive network in Silicon Valley and Eastern Europe, providing strategic guidance, and facilitating connections with potential partners and customers. The firm's strong institutional backing enhances its credibility and ability to support companies in scaling globally.
Terms and economics
- Typical check
- $1,000,000–$20,000,000
- Sweet spot
- $5,000,000
Focus and fit
- Stages
- Seed · Series A · Series B · Series C · Growth Equity
- Sectors
- Artificial IntelligenceCybersecuritySaaS & Cloud SoftwareFintechHealthcareLogistics & Supply ChainEnergyWeb3 & BlockchainFrontier & Deep Tech
- Regions
- Asia · Europe · Global · North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 70
- Recorded notable exits
- Yandex, Xometry, and Acumatica
Portfolio context
Almaz Capital's notable portfolio includes companies such as Acronis, a leader in cybersecurity and data protection; Hover, specializing in home improvement 3D modeling; and Moonshot AI, focusing on artificial intelligence. The firm has also invested in Refurbed, a marketplace for refurbished electronics, showcasing its commitment to innovative technology solutions.
Common questions
What to know about Almaz Capital
Upseed classifies Almaz Capital under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 9, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.