About VEB Ventures
VEB Ventures is a venture capital firm founded in 2011. It is primarily based out of Moscow, Russia. As of Feb 2022, VEB Ventures has invested in 22 companies. It primarily invests in Series A round in Russia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series B round of Urent Overall, VEB Ventures portfolio has seen 1 IPO and 1 acquisition, namely SREI and EnSol. A lot of funds co-invest with VEB Ventures, with names like MTS sharing a substantial percentage of its portfolio. VEB Ventures has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
VEB Ventures' List of Top Investments
VEB Ventures has a portfolio of 22 companies. Their most notable investments are in Alphaopen and Deliver.Their portfolio spans across Russia, United States, Finland and 1 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 20 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by VEB Ventures:
1. SREI
Key facts about SREI
- Founded Year: 1989
- Location: Kolkata (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Acquired
- Employee Count: 1,728 as on Jul 31, 2026
- Investors: BNP Paribas Fortis, BIO Invest and 5 Others
- Latest Funding Round: Conventional Debt, Sep 28, 2016, $*****
- Highlight: Acquired
2. Urent
Operator of shared use scooters and bicycles for urban transport. The business provides a network for short-term rental of electric scooters and bicycles. Users can locate, unlock, and pay for the vehicles using a mobile application. The service enables point-to-point transportation within urban areas, with designated parking zones for ending rides.
Key facts about Urent
3. Dnevnik.ru
Dnevnik is a learning management system provider. Provides solutions for school management, learning management and communication(between teachers, students, and parents). Allows teachers to schedule lessons, manage reports and homework. Parents can follow the school activities, children's achievements, assignments, and others. Enables students to create a portfolio, maintain a diary, browse online libraries and read via online textbooks.
Key facts about Dnevnik.ru
- Founded Year: 2007
- Location: Saint Petersburg (Russia)
- Stage: Series B
- Total Funding till date: $6.7M
- Employee Count: 107 as on Jul 31, 2026
- Investors: Runa Capital, VEB Ventures and 3 Others
- Latest Funding Round: Series B, Sep 03, 2012, $*****
- Highlight: Editors' Pick
4. Oktogo.ru
Provider of an online hotel booking platform. It enables users to discover, compare, and book hotels. They can compare prices of multiple hotel booking agencies and book accommodations like luxury hotels, villas, and private and boarding houses.
Key facts about Oktogo.ru
- Founded Year: 2010
- Location: Saint Petersburg (Russia)
- Stage: Series C
- Total Funding till date: $38M
- Employee Count: 34 as on Jul 31, 2026
- Investors: Mangrove Capital Partners, FJ Labs and 7 Others
- Latest Funding Round: Series C, Feb 08, 2016, $*****
5. Zyfra
Zyfra provides robots, AI, and IIoT based solutions for mining industries. Product offerings include 'MDCplus' an industrial machine monitoring and production data collection system, geonaft, artificial lift, heat treatment, DSS and BI solution for heat treatment and pipe protection, 'Zyfra open mine' for mine fleet management, zyfra underground, 'Zyfra precision drill' an automated drill rig management system, and more.
Key facts about Zyfra
- Founded Year: 2017
- Location: Helsinki (Finland)
- Stage: Series B
- Total Funding till date: $13.4M
- Employee Count: 201 as on Jul 31, 2026
- Investors: VEB Ventures and Aii Corporation
- Latest Funding Round: Series B, Jan 06, 2021, $*****
- Highlight: Editors' Pick
VEB Ventures' Year-on-Year Investment Trends
VEB Ventures has invested in 22 companies over the last 13 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Urent.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
VEB Ventures' Investments by Stage
VEB Ventures has made 4 investments in Series A stage with an average round size of $3.38M, 2 investments in Series B stage with an average round size of $20.2M, 1 investment in Seed stage with an average round size of $6.8M and 1 investment in Series C stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Series A | 4 |
Series B | 2 |
Seed | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
VEB Ventures' Investments by Sector
VEB Ventures has a diverse portfolio, with companies operating in the Consumer, Energy Tech, Enterprise Applications, High Tech and Environment Tech. Notably, it has invested in 15 Tech companies, 11 Enterprise (B2B) companies, 5 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Energy Tech | 3 |
Enterprise Applications | 3 |
High Tech | 3 |
Environment Tech | 2 |
Others | 17 |
Note: We have considered here, only first round of investments
VEB Ventures' Investments by Geography
VEB Ventures has made most investments in Russia (6), followed by Finland where it has made 1 investment.Country | No. of Investments |
|---|---|
Russia | 6 |
Finland | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
VEB Ventures' recent investments
VEB Ventures has not made any investment in 2026 so far.Here are the most recent investments by VEB Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 21, 2022 | Russia | Series B | 3097 | [+1] | |
Jan 06, 2021 | Finland | Series B | 2313 | - | |
Jan 04, 2021 | Russia | Seed | 5520 | - | |
Oct 13, 2020 | Russia | Series A | 9968 | ||
Jun 17, 2019 | Russia | Series A | 5332 | - |
IPOs and Publicly Listed companies in VEB Ventures' Portfolio
1 of VEB Ventures' portfolio company became public - EnSol.Here are VEB Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 7076 |
Acquired companies in VEB Ventures' Portfolio
1 company from VEB Ventures' portfolio has been acquired. The most recent acquisition was SREI in Apr 2023 by National Asset Reconstruction for $*****.Here are VEB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 07, 2023 | - | - | 5404 |
Team profile of VEB Ventures
VEB Ventures has a team of 6 members including 1 Partner and 2 Principals located in Russia. VEB Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in VEB Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Principal | - | - | - | |
Principal | Moscow | - | - |
Co-investors of VEB Ventures
Over the past 13 years, 22 investors have co-invested in VEB Ventures's portfolio companies. This includes funds and angels.
- Invested before VEB Ventures: Citymobile, Sberbank and 15 others have invested in rounds before VEB Ventures. There is 1 company where Citymobile has invested before VEB Ventures and 1 company where Sberbank has invested before VEB Ventures.
- Top Co-investors of VEB Ventures: 4 investors entered a company along with VEB Ventures. These include investors like MTS (1 company).
- Invested after VEB Ventures: MCI Capital (1 company) is the only investor which has invested in VEB Ventures's portfolio after their investments.
Recent News related to VEB Ventures
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Russian e-scooter leader Urent secures $26 million from corporate and venture investorsEast-West Digital News•Feb 22, 2022•Urent, MTS Systems, VPE Capital, VEB Ventures
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Rostelecom, VEB Ventures sign new JV for Europe-Asia cable systemTelecompaper•Dec 10, 2021•Rostelecom, VEB Ventures
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VEB Ventures invests 1 billion rubles in Zyfra to accelerate Russia’s industrial digitizationEast-West Digital News•Jan 06, 2021•VEB Ventures, Zyfra
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Smart city solution developer to receive up to $3.4 million from major corporate fundsEast-West Digital News•Oct 13, 2020•Orbita Capital Partners, VEB Ventures, Alphaopen
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Russia's VEB Ventures to launch new tech fund with South Korean partnerEast-West Digital News•Sep 10, 2019•VEB.RF, VEB Ventures
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Tealsy online food products platform attracts investment from Baring VostokEast-West Digital News•Jul 04, 2019•Baring Vostok, Tealsy, Lama Web, VEB Ventures and 3 others
