Almaz Capital
Venture capitalPortola Valley · Series A–Series B
Also known as ALMAZ CAPITAL MANAGEMENT LTD.
Investment thesis
Transatlantic bridge connecting CEE/CIS deep-tech and B2B software teams to US/EU markets, leveraging co‑founder Alexander Galitsky’s cross‑border deep‑tech experience and offering structured US go‑to‑market and Western governance support.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 23 of 32 portfolio companiesAI & Machine Learning ×11SaaS ×10Enterprise Software ×8Hardware ×5Data & Infrastructure ×4PropTech ×3Advanced Manufacturing ×2Cloud Computing ×2
HQs:United States×7Germany×2Estonia×1Latvia×1Sweden×1
Investments · 32 tracked
founders shown can be your intro pathXometry provides an instant quoting platform for precision manufacturing components, serving startups through global enterprises from prototype to high-volume production.
Advanced ManufacturingB2B MarketplacesEnterprise SoftwareGaithersburg, US
Randolph Altschuler(Executive Officer, Director, Promoter)George Hornig(Director)John Deutch(Director)Laurence Zuriff(Executive Officer, Director, Promoter)
Alcatraz develops facial recognition technology for access control systems.
AI & Machine LearningCybersecurityEnterprise SoftwareHardwareMountain View, US
Scott Macomber(Director)Raymond Stata(Director)Vince Gaydarzhiev(Executive Officer, Director)Tina DAgostin(Executive Officer, Director)
Areti Health provides an AI patient coordinator that engages, pre-screens, schedules, and follows up with patients across SMS, email, web, and voice in 22 languages to support clinical trial recruitment and enrollment.
AI & Machine LearningDigital HealthHealthtech
Cinarra operates a privacy-first measurement and analytics platform that uses mobile and location data to connect digital ad campaigns with real-world consumer behavior.
AdTechData & InfrastructureMarketing Tech
Hover transforms smartphone photos into interactive 3D models of homes and buildings for construction professionals, insurance experts, and homeowners to measure, design, and scope projects.
Construction TechHardwarePropTechSaaSSan Francisco, US
Kevin Reilley(Executive Officer, Director)Ross Hangebrauck(Director)Adam J. Altman(Executive Officer, Director)Kevin Compton(Director)Stewart Alsop(Director)
Minut produces Internet of Things devices and software for managing shared properties such as multifamily housing and short-term rentals, helping operators monitor spaces and make decisions while protecting privacy.
Enterprise SoftwareIoTPropTechMalmö, SE
Nils Mattisson(Co-founder)Marcus LjungbladFredrik AhlbergMartin LööfHampus Jakobsson(Director)Tommi Uhari(Director)
Moonshot is a platform that automates optimization of eCommerce websites through continuous testing and improvement, reducing the need for large teams of designers, developers, and analysts.
AI & Machine LearningE-commerceSaaS
Sebastian Gebhart(Chief Revenue Officer)
Petcube makes internet-connected pet devices, starting with pet cameras, and operates a platform for curated pet products that use data analytics to provide insights into pet health and behavior.
AI & Machine LearningConsumerHardwareIoTSan Francisco, US
Yaroslav Azhnyuk(Founder/CEO)inAndriy Klen(Founder/Chief Design Officer)inAlex (Sasha) Neskin(Founder/CTO)in
Portside offers a suite of cloud-based software applications for business aviation, providing flight departments with data integration and analytics across their operations.
Cloud ComputingEnterprise SoftwareSaaS
Rasa builds a conversational AI platform that extends large language models with business logic, enabling enterprises to develop AI agents that handle high-volume interactions securely.
AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US
Alex Weidauer(Co-founder & Strategic Advisor)Tom Bocklisch(Principal Architect)
Sonarworks develops audio personalization technology and sound correction software for music creators, recording studios, and consumer listeners.
AI & Machine LearningConsumerCreator EconomyHardwareSaaSRiga, LV
Martins PopelisHelmuts BemsInguna Kronberga(Executive Officer)
BoardGeoffrey Baehr(Director)Kristjan Laanemaa(Director)
Specter automation is a ConTech startup that builds software for digitizing construction sites, designed together with construction site users such as site managers and foremen.
Construction TechPropTechSaaSCologne, DE
Workerbase is a no-code platform for manufacturing shopfloors where operations teams describe processes in plain language and AI assembles tested modular components into worker apps for tasks like quality inspection, machine alarms, and order management.
Advanced ManufacturingAI & Machine LearningSaaS
Frequently asked questions
- What stage does Almaz Capital invest at?
- Almaz Capital invests at the Series A, Series B stages.
- What sectors does Almaz Capital focus on?
- Almaz Capital focuses on Deep Tech, Enterprise Software, SaaS.
- Where is Almaz Capital located?
- Almaz Capital is headquartered in Portola Valley, US.
- Does Almaz Capital lead rounds?
- Almaz Capital typically participates in rounds rather than leading them.
Co-investors · 8
Karma Ventures is a European venture capital firm that backs deep-tech software startups at late seed and Series A stages, contributing capital and operational experience to founders with early traction and global ambition.
AVentures Capital is a Ukrainian venture capital firm investing in technology companies, primarily Ukrainian-founded startups spanning IT, software, and internet sectors. This particular site is an unofficial fan page built by the firm's portfolio founders as a tribute.
Foundry Group is a venture capital firm that describes its approach as network-driven investing. It maintains offices in New York and Boulder, Colorado.
G2 Venture Partners is a venture capital firm that invests in technology companies at their inflection points to help transform traditional industries toward sustainability.
Keyhorse Capital is a seed and early-stage venture capital firm that invests in high-growth, technology-enabled startups based in or willing to relocate to Kentucky.
Firms observed investing alongside Almaz Capital, from public investor directories. Shared companies are the overlap with Almaz Capital's recorded portfolio.
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