Malina VC (Malina Ventures)
Venture capitalSeed–Series A
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Investment thesis
Malina VC positions itself as a full-cycle venture firm investing in technology companies with scalable products, strong teams, and potential to reach international markets. It invests at late seed and Series A stages, working directly with founders and local experts, running its own scoring model, investment committees, and due diligence. The firm creates legally clean, transparent closed-end mutual funds (ZPIF) as collective investment vehicles, and offers co-investors access to exclusive deals, proprietary research, and an international community of investors and founders. It emphasizes 'skin in the game,' investing and taking risk alongside its partners, and targets technologies tied to Russia's priority areas of innovative scientific and technical development.
Source: firm website, verified Oct 2, 2026.
What they invest in
from 9 of 10 portfolio companiesSaaS ×4Retail Tech ×3AI & Machine Learning ×2Construction Tech ×2E-commerce ×2Enterprise Software ×2FoodTech ×2Media & Entertainment ×2
HQs:Russia×5
Investments · 10 tracked
founders shown can be your intro pathNOSH Guide is a platform for restaurants and restaurant chains that combines commission-free direct ordering, an AI call-center for bookings and orders, and network-wide analytics, while also running a consumer app that works as a city restaurant aggregator for diners.
AI & Machine LearningFoodTechSaaS
Picvario is a digital asset management and content management ecosystem that helps businesses and media organizations manage, organize, and distribute their digital content.
Cloud ComputingEnterprise SoftwareMarketing TechMedia & EntertainmentSaaSMoscow, RU
Sergey Fomin
Co-investorsMoscow Venture Fund (formerly Moscow Seed Fund)
ПАЗЛ ДОМ (Puzzle) is a digital construction platform with an AI assistant that helps individuals build private homes turnkey, offering project configurators, automated cost estimates, mortgage applications, construction insurance, vetted contractors, and AI-based build monitoring.
AI & Machine LearningConstruction TechPropTech
Tangl is a Russian cloud platform for working with BIM (building information modeling) data in construction, providing automated model checking, quantity takeoff, visualization, and data integration with external ERP and CRM systems.
Construction TechPropTechSaaSYekaterinburg, RU
Agredator is an enterprise service bus (ESB) and data-exchange platform that connects disparate information systems and delivers data from external sources, including ready-made adapters to Russian government services such as SMEV and Gosuslugi.
Data & InfrastructureEnterprise SoftwareFintech
Double B ("Даблби") is a specialty coffee company that roasts beans, develops signature drinks, and operates a chain of over 50 coffee shops along with a barista academy, its own roastery, and specialty vending.
ConsumerFoodTechRetail TechMoscow, RU
Darkstore ("Даркстор у дома") operates a network of fulfillment dark stores across Russia combined with an IT platform that integrates with marketplaces (Ozon, Wildberries, Yandex.Market, Megamarket) to offer FBO, FBS, and Express one-hour delivery fulfillment for sellers.
E-commerceLogistics & Supply ChainRetail Tech
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
MFPay
Frequently asked questions
- How many investments has Malina VC (Malina Ventures) made?
- Malina VC (Malina Ventures) has 10 tracked investments.
- What stage does Malina VC (Malina Ventures) invest at?
- Malina VC (Malina Ventures) invests at the Seed, Series A stages.
- What sectors does Malina VC (Malina Ventures) focus on?
- Malina VC (Malina Ventures) focuses on AdTech, Construction Tech, Consumer, Data & Infrastructure, E-commerce, Fintech, Logistics & Supply Chain, Marketplaces, Media & Entertainment, PropTech, SaaS.
- Who does Malina VC (Malina Ventures) co-invest with?
- Malina VC (Malina Ventures) most often shares deals with Coion, Kama Flow, Moscow Venture Fund (formerly Moscow Seed Fund), among 3 tracked co-investors.
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