Kama Flow
Venture capitalMoscow · Seed–Late Stage · 2 people tracked
Investment thesis
KAMA FLOW positions itself as a partner rather than just an investor, working with technology companies across various stages in fast-growing economic sectors. Alongside financing, it shares expertise and provides development infrastructure across Russia, Southeast Asia, and West Africa. Its focus spans information technology, industrial innovation, and life sciences, backing scientific and engineering teams building products competitive in international markets.
Source: firm website, verified Aug 3, 2026.
Team · 2 people
from public directoriesWhat they invest in
from 28 of 36 portfolio companiesAI & Machine Learning ×10SaaS ×9Hardware ×7Advanced Manufacturing ×6Enterprise Software ×5Deep Tech ×3Digital Health ×3Fintech ×3
HQs:Russia×20
Investments · 36 tracked
founders shown can be your intro pathBITBLAZE builds enterprise data storage systems (SAN/NAS), including a dual-controller 2U storage array powered by the 48-core Russian Baikal-S processor.
Data & InfrastructureEnterprise SoftwareHardware
CALLISTO VISION develops machine vision systems and proprietary software for product marking and labeling on industrial production lines, handling the full production cycle from engineering to installation.
Advanced ManufacturingAI & Machine LearningHardware
Campus is a mobile app for university students that provides class schedules, a chat feed for each university, reviews of professors and courses, student discounts, learning resources, and part-time job listings.
ConsumerEdTechSocial
Celsus is an AI platform for analyzing medical images, detecting pathologies in mammography, fluorography, and CT scans of the chest and brain.
AI & Machine LearningDigital HealthMedical Devices
DentalPRO is a cloud-based medical information system (MIS) for dental clinics that combines a contact center (telephony, messaging, mailings), a clinical module (treatment plans, dental charting, X-ray), scheduling, and accounting functions such as payroll.
Digital HealthHealthtechSaaS
EcomCom is a SaaS platform for online sellers that consolidates product listings, orders, and inventory management across multiple Russian marketplaces (Wildberries, Ozon, Yandex.Market, AliExpress, VK) and online stores in a single interface.
E-commerceRetail TechSaaS
Fanat Baikala is a catalog and booking service for tours and vacations at Lake Baikal in Russia, letting users browse tour options by rating and submit requests to have trips arranged.
MarketplacesTravel & Hospitality
FIS (Financial Information Systems) provides software infrastructure for building banking applications, including credit origination pipelines for individuals and businesses, overdue debt collection systems, auto-lending and dealer network management, and risk analysis and control tools.
Enterprise SoftwareFintechSaaS
Innovotech is a Russian developer of SMART LR software and robotic systems designed to automate the repair of thermal units at metallurgical and cement plants.
Advanced ManufacturingHardwareRobotics
GoodsForecast provides an integrated business planning platform for manufacturers, distributors, and retailers, covering demand forecasting, risk assessment, supply chain and inventory optimization, and promotion planning.
AI & Machine LearningLogistics & Supply ChainSaaS
SmartC (ООО «Смарт Си») develops and manufactures intelligent pedestrian traffic management systems for Smart City applications, including the iCrosswalk light-signal warning system that uses computer vision and YOLO neural networks to detect pedestrians at unregulated crossings and alert drivers.
AI & Machine LearningGovTechMobility & Transportation
Anisimov Ilya Aleksandrovich(Founder & CEO (General Director))
Ksitest develops a system for calculating breeding value indices for dairy cattle herds, used in livestock selection work.
AgTechAI & Machine LearningBiotech
Mining Wave develops pulsed electromagnetic field (magnetic-pulse processing, MIO) equipment for treating ore in mineral processing operations, aiming to raise concentrate yield and cyanidation recovery without rebuilding the plant.
Advanced ManufacturingHardwareNew Materials
Medical Visual Systems (MVS) is a Russian manufacturer of integrated hardware and software systems for operating rooms, including surgical video capture, archiving, and two-way videoconferencing for medical procedures.
HardwareHealthtechMedical Devices
Piklema provides digital transformation services and predictive analytics software for mining companies, optimizing haul truck and equipment operations, production planning, and maintenance.
Advanced ManufacturingAI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSMoscow, RU
Platform Eco is a Russian low-code enterprise development platform that lets business and IT teams build digital solutions, create and manage APIs, orchestrate processes across heterogeneous IT landscapes, and modernize or migrate from legacy ERP, CRM, and monolithic systems.
Developer ToolsEnterprise SoftwareSaaS
Develops and deploys autonomous cleaning robots for professional cleaning of spaces such as schools, shopping centers, and warehouses.
AI & Machine LearningHardwareRobotics
Company that develops, publishes, and sells video games and in-game items, including creating virtual worlds with graphic visualization, design, and behavior simulation.
AI & Machine LearningGaming
SimpleEstate is an online investment platform for commercial real estate, letting individuals invest in professionally selected properties through a collective investment model to earn rental income and capital growth.
FintechPropTech
Smally (Смолли) is a crowdlending platform where individual and corporate investors provide loans directly to sole proprietors and legal entities seeking financing.
FintechMarketplaces
Stereotech develops 5D 3D printing technology and printers.
Advanced ManufacturingDeep TechHardware
Terebra produces unrefined sunflower oil (1st grade, GOST 1129-2013) made from sunflower seeds without extraction.
FoodTech
U2Y offers custom-printed clothing and merch made with reactive dye printing that bonds the design into cotton fibers across the entire garment, marketed as more durable than DTG, screen printing, or sublimation.
Advanced ManufacturingConsumerE-commerce
YourTunes is a digital music distributor that publishes artists' releases to over 50 streaming platforms and online stores and monetizes their music on YouTube Content ID, UGC platforms, and social media.
Creator EconomyMedia & EntertainmentSaaS
Zdorovie.ru is a Russian IT company that develops a free mobile app and digital services for patients and doctors, offering over 20 programs to help people manage chronic conditions through symptom tracking, health diaries, reminders, and doctor consultations.
Digital HealthHealthtechWellness & Fitness
Frequently asked questions
- What stage does Kama Flow invest at?
- Kama Flow invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What sectors does Kama Flow focus on?
- Kama Flow focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Deep Tech, EdTech, Enterprise Software, Hardware, Healthtech, Medical Devices, New Materials, SaaS.
- Where is Kama Flow located?
- Kama Flow is headquartered in Moscow, RU.
Media · Podcasts & interviews
from their channelПартнер KAMA FLOW Павел Охонин в эфире РБК – о том, почему интерес инвесторов смещается в сторону ИИ
KAMA FLOW - частная инвестиционная компания
Images
Similar investors
Oxford Investment Consultants (OIC) backs founders commercialising scientific research from Oxford University and other leading UK research institutions, managing the Oxford Technology and Innovations EIS Fund (OTIF).
VenturEast is one of India's longest-standing venture capital fund managers, investing since 1997 and managing over $325 million across more than 100 investments in technology, healthcare, and clean environment.
Industrial Technology Investment Corporation is the venture capital arm of Taiwan's Industrial Technology Research Institute (ITRI), backing startups across multiple stages and sectors while providing access to ITRI's R&D resources.
Cowin Capital Group is a Chinese investment management firm with extensive experience investing in and exiting technology, healthcare, and industrial companies, many of which have gone public on Chinese and Hong Kong exchanges.
Advent International is a global private equity firm that partners with management teams to build market leaders through buyouts, corporate carve-outs, and value creation across selected sectors.


