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D&FG Elements

Venture capital

London · Seed–Series A · 7 people tracked

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Investment thesis

DFG is a values-driven, family-owned group pursuing long-term, sustainable growth across carefully selected industries including real estate, hospitality, and clean energy. In 2019 it launched an internal corporate venture capital program and its first VC fund to extend the group into new strategic frontiers, centering investment on technology startups that can help build a better, more sustainable world. The group plans to launch additional venture funds while expanding its geographic reach and renewable energy capacity.

Invests inCleantechClimate TechEnergyPropTechSector AgnosticEuropeLondonUnited Kingdom

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
London, GB
Instruments
Equity
Founded
2010

Team · 7 people

from the firm's website
Andrey Dobrov· Founder

Founder and strategic leader of DFG. He previously founded and led the mining company Belon, growing it into a large vertically integrated group before selling it in 2010 to establish Dobrov & Family Group with his two sons.

Alexandra Kosovtsova· Legal Counsel

Legal professional with over 10 years in corporate and commercial law, specializing in private equity, venture capital, and M&A transactions, deal structuring, corporate finance, and wealth management.

Dragan Lucic· Hospitality Director

Began his career in 2002 in metals trading and later served as Commercial and Financial Director at Technosteel HVT. He joined DFG in 2008 and oversees over EUR 100M+ AUM in the region.

Laura Raicinskyte· Head of Finance

ACCA-certified finance professional with experience across private equity and venture capital, focused on optimizing financial processes and supporting strategic decisions.

Leyla Annaniyazova· Head of Tax & Structuring

Began her career in PwC's personal tax department in 2009 and joined DFG three years later. She has hands-on experience structuring and executing international projects including M&A, group reorganizations, and trust matters.

Liubov Vozhakina· Director of People & Culture

Brings 15+ years of international People & Culture experience across Europe and North America, leading DFG's people strategy and culture.

Václav Zoufalý· Real Estate Director

Real estate professional with over 20 years in construction and development, having delivered over $450M in completed projects. He oversees strategic real estate activities across Central Europe.

Frequently asked questions

What stage does D&FG Elements invest at?
D&FG Elements invests at the Seed, Series A stages.
What sectors does D&FG Elements focus on?
D&FG Elements focuses on Cleantech, Climate Tech, Energy, PropTech, Sector Agnostic.
Where is D&FG Elements located?
D&FG Elements is headquartered in London, GB.

Images

D&FG Elements photoD&FG Elements photo

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