Almaz Capital — Full Portfolio

Certivity operates a cloud-based RegTech SaaS platform that converts regulations, standards, and company-specific documents into structured, traceable data and engineering-ready requirements.

AI & Machine LearningEnterprise SoftwareSaaSMunich, DE

Sami Vaaraniemi(Co-founder)Nico Wägerle(Co-founder & CEO)Bogdan(Co-founder)Jörg(Co-founder)

Co-investorsUVC PartnersEarlybird Venture Capital

FitXpress uses AI-powered computer vision to estimate body weight from images, enabling verification of self-reported data for BMI calculations in healthcare and wellness applications.

AI & Machine LearningConsumerHealthtechMedical Devices

Alex ArapovIvan MakeevVadim Rogovskiy

Co-investors500 Emerging Europe500 Global

Acronis provides a cloud-native platform for managed service providers (MSPs) offering cyber protection, data backup and recovery, endpoint security, and governed AI productivity services.

Cloud ComputingCybersecuritySaaSSchaffhausen

Serguei Beloussov(Director)Ilya Zubarev(Director)

BoardThomas Michael Triplett(Director)Ravi Jacob(Director)Rene Bonvanie(Director)

Co-investorsCVC Asia Pacific (Japan) Kabushiki KaishaDelta-v CapitalLiquidity CapitalMillennium New HorizonsMillennium Technology Value PartnersNovaCapital+3 more

Acumatica provides all-in-one cloud ERP software with industry-specific solutions covering business workflows, dashboards, reporting, and mobile access.

Cloud ComputingEnterprise SoftwareSaaS

Mikhail Shchelkonogov(Founder)in

Co-investorsAccel-KKRRuna Capital

Alawar develops and publishes video games for PC and consoles, with titles including the Beholder series, Necrosmith, and Wall World.

Gaming

Alcatraz develops facial recognition technology for access control systems.

AI & Machine LearningCybersecurityEnterprise SoftwareHardwareMountain View, US

Vince Gaydarzhiev(Executive Officer, Director)Scott Macomber(Director)Raymond Stata(Director)Tina DAgostin(Executive Officer, Director)

Co-investorsBlackPeak CapitalCogito Capital PartnersGolden SeedsHCVCHemi Ventures, LlcRuvento Ventures Pte Ltd.

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 HealthHealthtechHillsborough, US

Ilya Gluhovsky(Executive Officer, Director)Paul Neyman(Executive Officer, Director)

BoardRob Leclerc(Director)in

Co-investorsAgFunderPreface Ventures

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

Co-investorsSoftBank Group

DMarket is an online marketplace for buying, selling, and trading in-game skins and virtual items for games such as CS2, Team Fortress 2, and Rust.

E-commerceGamingMarketplacesSanta Monica, US

VOLODYMYR PANCHENKO(Executive Officer, Director)Tamara Slanova(Founder)inTAMARA SLANOVA(Director)

Co-investorsPantera Capital

GoodData is an analytics platform that provides a governed semantic layer to power AI-enabled, agentic, and embedded decision-making, delivering dashboards, conversational insights, and agents inside products.

AI & Machine LearningData & InfrastructureSaaS

GridGain provides an enterprise-grade in-memory computing platform built on Apache Ignite, enabling real-time data processing, analytics, and AI/ML workloads for mission-critical applications.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsR136 VenturesSilver Lake PartnersThe Perkins Fund

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

Adam J. Altman(Executive Officer, Director)Adam J Altman(Executive Officer, Director)Kevin Reilley(Executive Officer, Director)

BoardRoss Hangebrauck(Director)Kevin Compton(Director)Stewart Alsop(Director)in

Co-investorsAlsop Louie PartnersAmerican Family VenturesFinSight VenturesInventus Capital PartnersMenlo Ventures

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)Fredrik AhlbergMartin LööfNils Erik Mattisson(Founder)Marcus Ljungblad

BoardHampus Jakobsson(Director)

Co-investorsCuriosity VCKarma VenturesKOMPAS VCKPN Ventures

Co-investorsCabra VCRRE Ventures

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-commerceSaaSTel Aviv, IL

Evyatar Segal(Founder)Sebastian Gebhart(Chief Revenue Officer)

Co-investorsGaruda VenturesMighty CapitalOceans Ventures

Co-investorsRheingau FoundersTDJ Pitango Ventures

Nomagic develops robots and automation systems to assist warehouse operators and managers with repetitive manual tasks.

AI & Machine LearningLogistics & Supply ChainRobotics

Kacper Nowicki(Founder & CEO)in

Co-investorsCapnamicCogito Capital PartnersDN CapitalEBRD Venture Capital Investment ProgrammeEvolution VC PartnersFf Venture Capital+5 more

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

Co-investors408 VenturesAVentures CapitalCabra VCICU VenturesY Combinator

Portside provides a software platform for business and general aviation, serving flight departments, charter operators and FBOs across 30+ countries.

Cloud ComputingEnterprise SoftwareSaaSTravel & HospitalityFoster City, US

ALEK STRYGIN(Executive Officer, Director)ALEK VERNITSKY(Executive Officer, Director)

BoardJOHN CURTIUS(Director)

Co-investorsJ17 CapitalRecall CapitalSAV (Scale Asia Ventures)Locus Ventures

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)

Co-investorsAccelBasis Set VenturesPayPal VenturesAndreessen HorowitzDig Ventures Management LimitedKickstart Innovation+4 more

Refurbed operates a marketplace for refurbished electronics, where devices are reconditioned through a multi-step process and sold to consumers as more environmentally sustainable alternatives to new products.

Circular EconomyE-commerceMarketplaces

Co-investorsC4 VenturesEvli Growth PartnersExpon CapitalSevenVentures

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)in

Co-investorsKarma VenturesPerot JainSpecialist VCPractica CapitalSuperAngelTrind Ventures

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

Max Gier(Founder)in

Co-investorsLBBW Venture Capital GmbHTechVision Fonds

StarWind Software builds hyperconverged infrastructure (HCI) products, offering both hardware appliances and storage virtualization software such as StarWind Virtual SAN that pools flash and disk storage to replace traditional SAN/NAS/DAS hardware.

Cloud ComputingData & InfrastructureEnterprise Software

Co-investorsAVentures Capital

USound develops MEMS speakers and audio modules that deliver wideband sound and add ultrasonic AI biosensing capabilities, enabling sensor-free in-ear heart rate, HRV, and health monitoring as well as gesture sensing and indoor localization.

Deep TechHardwareSemiconductors

Workerbase offers a connected worker platform for manufacturing that digitizes shopfloor work, delivers guided digital work instructions, orchestrates tasks by worker skill, and connects to factory systems and machines.

Advanced ManufacturingAI & Machine LearningFuture of WorkSaaSMunich, DE

Norman Hartmann(Founding team member)inThorsten Krueger(Founder)in

Co-investorsBayern KapitalPoint Nine

Xolo provides business setup, invoicing, accounting, taxation, and compliance software for solo entrepreneurs and freelancers across multiple countries.

Enterprise SoftwareFintechFuture of WorkLegalTechSaaSTartu, EE

Allan Martinson(CEO)

Co-investorsKarma VenturesMetaplanetSpecialist VCThorgate VenturesVendep Capital

Yazen offers a weight-loss programme that combines medical treatments, including weight-loss medication, with personalised support from doctors, coaches, psychologists, dietitians, and personal trainers.

Digital HealthHealthtechWellness & Fitness

Co-investorsEvli Growth PartnersLuminar Ventures

ZEDEDA provides a platform for deploying, orchestrating, and securing edge AI models, agents, and autonomous workloads across distributed sites such as factory floors, field sites, retail stores, and shipping vessels.

AI & Machine LearningCloud ComputingEnterprise SoftwareIoTSan Jose, US

Said Ouissal(Executive Officer, Director)in

BoardLisa Edwards(Director)inBilal Zuberi(Director)inJuan Muldoon(Director)inKevin DeNuccio(Director)Steve Mullaney(Director)

Co-investorsAlpha Wave GlobalEnergize CapitalLux CapitalProsperity7 VenturesSmith Point CapitalChevron Technology Ventures+2 more