About Almaz Capital
Almaz Capital is a venture capital firm founded in 2008. It is primarily based out of Portola Valley, United States. As of Apr 2026, Almaz Capital is an active investor, having invested in 70 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of Alcatraz AI Overall, Almaz Capital portfolio has seen 1 unicorn, 2 IPOs and 19 acquisitions including key companies like Yandex, Acumatica and Acronis. A lot of funds co-invest with Almaz Capital, with names like Evli Growth Partners sharing a substantial percentage of its portfolio. Almaz Capital has team of 13 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio Unicorns
Deals in last 12 months
Almaz Capital's List of Top Investments
Almaz Capital has a portfolio of 70 companies, one of which is a Unicorn. Their most notable investments are in DubFormer and marta.Their portfolio spans across United States, Russia, Switzerland and 12 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Almaz Capital:1. Yandex
Provider of an AI-enabled keyword-based search engine. It offers solutions for businesses and consumers. It offers various solutions like a keyword-based search engine, email services, navigation solutions, digital advertising, and more.
Key facts about Yandex
- Founded Year: 1997
- Location: Moscow (Russia)
- Stage: Acquired
- Employee Count: 9,726 as on Mar 31, 2026
- Investors: Taaleri, Fidelity Investments and 12 Others
- Latest Funding Round: Post IPO, May 28, 2025, $*****
- Highlight: Acquired
2. Acumatica
Provider of cloud enterprise resource planning software for business management. The software provides financial, construction, distribution, manufacturing, and retail management. It also includes professional services, inventory, field service, and order management. The platform offers warehouse management, artificial intelligence, multi-entity accounting, project accounting, payments, CRM, payroll, reporting, commerce connectors, and point-of-sale capabilities.
Key facts about Acumatica
- Founded Year: 2008
- Location: Kirkland (United States)
- Stage: Acquired
- Total Funding till date: $48.3M
- Employee Count: 812 as on Aug 31, 2026
- Investors: Almaz Capital, eBridge Ventures and 5 Others
- Latest Funding Round: Series C, Jun 18, 2018, $*****
- Highlight: Acquired
3. Acronis
Provider of cyber protection solutions, including backup, disaster recovery, and cybersecurity. The company delivers endpoint detection and response, data loss prevention, and security posture management. It offers solutions for service providers, businesses, and home users. The business provides support through customer service, product documentation, and a knowledge base.
Key facts about Acronis
- Founded Year: 2003
- Location: Schaffhausen (Switzerland)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $658M
- Employee Count: 1,913 as on Aug 31, 2026
- Investors: Sprout Capital Partners, Harvest Growth Capital and 27 Others
- Latest Funding Round: Series C, Jul 28, 2022, $*****
- Highlight: Acquired
4. Hover
Platform providing 3D modeling, measurement, design, and estimating for construction. It enables users to transform property photos into interactive 3D models. The platform offers tools for accurate measurement, material visualization, and cost estimation. It supports project documentation, progress tracking, and team collaboration for exterior and interior projects.
Key facts about Hover
- Founded Year: 2011
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $142M
- Employee Count: 483 as on Aug 31, 2026
- Investors: Section Partners, CampVentures and 23 Others
- Latest Funding Round: Series D, Nov 17, 2020, $*****
- Highlight: Editors' Pick
5. Xometry
Provider of on-demand custom manufacturing platform for prototypes and production parts. The company connects buyers with a network of vetted suppliers offering instant quoting for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting, and metal stamping processes. Its platform supports rapid prototyping through high-volume production with no minimum orders, providing materials like metals, plastics, and composites along with finishing options and assembly services. Digital tools enable file upload, design analysis, project management, and supply chain traceability for startups to enterprises.
Key facts about Xometry
- Founded Year: 2013
- Location: Washington, DC (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $200M
- Employee Count: 1,179 as on Aug 31, 2026
- Investors: HTIF, ADS Ventures and 20 Others
- Latest Funding Round: Post IPO, Feb 01, 2022, $*****
- Highlight: Public
Almaz Capital's Year-on-Year Investment Trends
Almaz Capital has invested in 70 companies over the last 17 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Moonshot AI and most recent follow-on round was in Alcatraz AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 4 | 2 | 6 |
2024 | 2 | 1 | 3 |
2023 | 1 | 2 | 3 |
2022 | 6 | 1 | 7 |
2021 | 5 | 3 | 8 |
2020 | 2 | 2 | 4 |
2019 | 0 | 3 | 3 |
2018 | 2 | 0 | 2 |
2017 | 2 | 2 | 4 |
Almaz Capital's Investments by Stage
Almaz Capital has made 26 investments in Series A stage with an average round size of $8.62M, 18 investments in Seed stage with an average round size of $3.71M, 7 investments in Series B stage with an average round size of $45M and 1 investment in Series C stage with an average round size of $6.3M.Stage of entry | No. of Investments |
|---|---|
Series A | 26 |
Seed | 18 |
Series B | 7 |
Series C | 1 |
Note: We have considered here, only first round of investments
Almaz Capital's Investments by Sector
Almaz Capital has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Enterprise Infrastructure and Retail. Notably, it has invested in 67 Tech companies, 50 Enterprise (B2B) companies, 49 Software companies and at least 25 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 28 |
High Tech | 17 |
Consumer | 12 |
Enterprise Infrastructure | 10 |
Retail | 10 |
Others | 60 |
Note: We have considered here, only first round of investments
Almaz Capital's Investments by Geography
Almaz Capital has made most investments in United States (25), followed by Russia where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 25 |
Russia | 8 |
Germany | 5 |
Cyprus | 2 |
Sweden | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
Almaz Capital's recent investments
Almaz Capital has made 1 investments in 2026 so far - Alcatraz AI.Here are the most recent investments by Almaz Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 01, 2026 | United States | Series B | 5031 | [+4] | |
Oct 22, 2025 | Austria | Series C | 6275 | [+5] | |
Oct 21, 2025 | United States | Seed | 4421 | [+3] | |
Jul 29, 2025 | Germany | Series A | 7215 | [+3] | |
Mar 26, 2025 | Germany | Seed | 3134 | [+4] |
Unicorns in Almaz Capital's Portfolio
Almaz Capital has 1 unicorn in its portfolio - ClickHouse. The most recent unicorn in their portfolio is ClickHouse which became a unicorn in 2022, 1 years after Almaz Capital first invested in it.Here is a list of unicorns in Almaz Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Developer of open-source OLAP database management system and related tools | 2012 | San Francisco | Series D | v{wqcrg |
IPOs and Publicly Listed companies in Almaz Capital's Portfolio
2 of Almaz Capital's portfolio companies have become public. Xometry got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2021 at marketcap of $1.77B and Yandex got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $8.03B.Here are Almaz Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 30, 2021 | Jul 10, 2018 | Series B | 6279 | |
May 24, 2011 | - | - | 4811 |
Acquired companies in Almaz Capital's Portfolio
19 companies from Almaz Capital's portfolio have been acquired. The most recent acquisition was GridGain in Mar 2026 by MariaDB for $*****.Here are Almaz Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 09, 2026 | May 06, 2013 | Series B | 9372 | |
May 29, 2025 | Nov 06, 2009 | Series A | 2630 | |
May 21, 2025 | Apr 15, 2014 | Series B | 8647 | |
Mar 17, 2025 | Nov 16, 2016 | Seed | 5125 | |
Aug 07, 2024 | - | - | 8225 |
Team profile of Almaz Capital
Almaz Capital has a team of 13 members including 9 Partners and 1 Venture Partner located in United States, Germany and 3 more locations. Almaz Capital's team sits on the board of 1 company.Here is a list of top team members in Almaz Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Amsterdam | - | ||
Partner | Prague | - | - | |
Partner | Palo Alto | - | ||
Partner | San Francisco | - | ||
Partner | Berlin | - | ||
Partner | United Kingdom | - | ||
Partner | Portola Valley | - | ||
Partner | Menlo Park | - | ||
Partner | Berlin | - | - | |
Venture Partner | Los Gatos | - |
Co-investors of Almaz Capital
Over the past 17 years, 309 investors have co-invested in Almaz Capital's portfolio companies. This includes funds and angels.
- Invested before Almaz Capital: Andreessen Horowitz, ICU and 88 others have invested in rounds before Almaz Capital. There are 2 companies where Andreessen Horowitz has invested before Almaz Capital and 2 companies where ICU has invested before Almaz Capital.
- Top Co-investors of Almaz Capital: 97 investors entered a company along with Almaz Capital. These include investors like Evli Growth Partners (2 companies).
- Invested after Almaz Capital: A total of 122 investors have invested in Almaz Capital's portfolio after their investments. Top Investors include Cogito Capital Partners (2 companies), Flyer One Ventures (2 companies) and Visma (1 company).
Recent News related to Almaz Capital
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Alcatraz Raises $50 Million to Replace the Badge With Your Face — Without Sacrificing Privacyintelligence360•Apr 20, 2026•EBRD, Cogito Capital Partners, Taiwania Capital, Alcatraz AI and 2 others
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Bulgaria's BlackPeak Capital invests in Alcatraz security startupSeeNews•Apr 01, 2026•BlackPeak Capital, EBRD, Cogito Capital Partners, Taiwania Capital and 2 others
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Moscow Court Bans Galitsky’s Venture Capital Fund as ‘Extremist’The Moscow Times•Mar 23, 2026•Almaz Capital
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Aviv Frankel's AI company raised $10 millionWalla!•Oct 21, 2025•Moonshot AI, Oceans, CTech, Mighty Capital and 4 others
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Certivity raises €13.3M to automate regulatory compliance with AISilicon Canals•Jul 29, 2025•Certivity, Almaz Capital, UVC Partners, HTGF and 2 others
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Germany’s Specter Automation secures €5M to boost construction site efficiency through digitalisationSilicon Canals•Mar 26, 2025•SPECTER Automation, Shilling, Almaz Capital, PAWAO and 3 others
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5 Million EUR Seed Investment for specter automationVenture Capital magazine•Mar 26, 2025•xdeck.ventures, LBBW Venture Capital, TechVision Fonds, PAWAO and 3 others
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Ex-Microsoft and Netflix alums back AI dubbing startup Dubformer’s $3.6M roundTech Funding News•Mar 06, 2025•DubFormer, Almaz Capital, s16vc, Finsight
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Funding Round Netherlands AI Dubbing Startup Dubformer Raises $3.6M to Advance Emotional VoiceoversStartupHub.ai•Mar 05, 2025•DubFormer, Almaz Capital, s16vc, FinSight and 8 others
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Beyond voices: Dubformer raises €3.4 million to transform the art of dubbingEU-Startups•Mar 04, 2025•DubFormer, Almaz Capital, s16vc, Vena Marketing and 10 others
