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Kama Flow

Venture capital

Moscow · Seed–Late Stage · 2 people tracked

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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.

Stage
Seed–Late Stage
HQ
Moscow, RU
Instruments
Equity
Founded
2012
AUM
$200M
Tracked investments
36

Team · 2 people

from public directories

What they invest in

from 28 of 36 portfolio companies

AI & 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 path
3Divi3divi.comin𝕏

3DiVi develops face recognition and computer vision software, offered through its Face SDK and related products, for use in areas such as public safety and audience analytics for advertising.

AI & Machine LearningDeep TechSaaS

Ades Groupades-group.com
Bitblazebitblaze.ru

BITBLAZE 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

Callistovisioncallistovision.ru

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

Campusappcampusapp.ru

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

Carbosilcarbosil.ru
Celsuscelsus.ai

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

Chatmechatme.aiin

ChatMe.ai builds AI agents for businesses, offering demonstrations and commercial proposals to prospective clients.

AI & Machine LearningEnterprise SoftwareSaaS

Dental Prodental-pro.online

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

Ecomcomecomcom.io

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

Fanatbaikalafanatbaikala.ru

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

Fisgroupfisgroup.ru

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

Gagarinroboticsgagarinrobotics.ru

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

Goodsforecastgoodsforecast.ru

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

Icrosswalkicrosswalk.ru

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))

Innoflowinnoflow.ru
Ksitestksitest.ru

Ksitest develops a system for calculating breeding value indices for dairy cattle herds, used in livestock selection work.

AgTechAI & Machine LearningBiotech

Limenbiolimenbio.comin𝕏

Limenbio develops gas-based preservation technology (branded HIPPER) for keeping viable cell grafts, tissues, and organs — including red blood cells, skin grafts, and hearts — using a modified gas atmosphere.

BiotechDeep TechMedical Devices

Alexander Ponomarev

Miningwaveminingwave.ru

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

Mvsystemmvsystem.ru

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

Neschnesch.ru
Piklemapiklema.ru

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

Platformecoplatformeco.ruin

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

Refinrefin.online
Roborobo.ooo

Develops and deploys autonomous cleaning robots for professional cleaning of spaces such as schools, shopping centers, and warehouses.

AI & Machine LearningHardwareRobotics

Roleandplayroleandplay.ru

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

Sarafanclientsarafanclient.ru
Simpleestatesimpleestate.ru

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

Smallysmally.me

Smally (Смолли) is a crowdlending platform where individual and corporate investors provide loans directly to sole proprietors and legal entities seeking financing.

FintechMarketplaces

Smartanalyticssmartanalytics.io
Stereotechstereotech.org

Stereotech develops 5D 3D printing technology and printers.

Advanced ManufacturingDeep TechHardware

Terebraterebra.ru

Terebra produces unrefined sunflower oil (1st grade, GOST 1129-2013) made from sunflower seeds without extraction.

FoodTech

Twohornunicorntwohornunicorn.com
U2Yu2y.tech

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

Yourtunesyourtunes.net

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

Zdoroviezdorovie.ru

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 channel

Партнер KAMA FLOW Павел Охонин в эфире РБК – о том, почему интерес инвесторов смещается в сторону ИИ

KAMA FLOW - частная инвестиционная компания

Images

Kama Flow photoKama Flow photo

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