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Almaz Capital Partners

Almaz Capital is an international venture capital fund investing in early stage companies developing software and SaaS . The basis of Almaz Capital's portfolio is made up of companies created by entrepreneurs from Central and Eastern Europe , developing their business in the global market, mainly in the USA .

Almaz Capital Partners
Almaz Capital Logo.png
Type ofventure fund
Base2008
FoundersAlexander Galitsky, Charles Ryan, Pavel Bogdanov, Peter Lukyanov
Location USA , ;
Germany , Berlin
Key figuresAlexander Galitsky, Charles Ryan, Jeffrey Baer, ​​Pavel Bogdanov (main partners)
Industryventure financing
Websitealmazcapital.com

Almaz Capital was established in 2008. It has offices in California's and Berlin , as well as offices in Moscow and Kiev . Managing partner - Alexander Galitsky .

Content

  • 1 History
  • 2 Funds
  • 3 Investments
    • 3.1 Outputs
  • 4 Company
    • 4.1 Partners
    • 4.2 Advisers
  • 5 notes
  • 6 References

History

Cisco encouraged the creation of its own investment fund of a technological entrepreneur , the founder of ELVIS +, Alexander Galitsky . In 2004, Galitsky acted as president of the Russian Tech Tour , an event in which promising regional startups were presented to a pool of international investors. At the same time, Cisco representatives suggested that Galitsky create a venture fund with their capital for investment in Russian projects. For the American corporation, this was part of a strategy to enter new markets: a growing venture economy and an increase in the number of high-tech companies ultimately fueled demand for Cisco technology. The foundation was based on the bridge model previously successfully implemented by the Galitsky entrepreneur in his technology companies [1] [2] .

Almaz Capital was created in 2008 by Galitsky together with his partners Charles Ryan (at that time the founder and head of UFG , as well as the head of Deutsche Bank in Russia), Peter Lukyanov ( an American of Russian origin who worked in the Alloy venture fund) and Pavel Bogdanov (partner from the fund Russian Technologies). Jeffrey Baer, ​​whom Galitsky had known since the early 1990s, was invited as an adviser to Almaz Capital. Lukyanov, due to disagreements with Galitsky, left the company in 2011, and Jeffrey Baer became one of the partners [2] [3] [4] .

Funds

The anchor investor of Almaz Capital I was Cisco with $ 30 million, UFG partners contributed another 20 million, and the European Bank for Reconstruction and Development invested 20 million the following year [2] [5] [6] .

Almaz Capital II worth more than $ 100 million was raised in July 2013 [7] . Cisco remained the main investor with $ 60 million, Almaz Capital's main partners increased personal investments to 7% of the fund, the remaining funds were contributed by UFG, EBRD and the International Finance Corporation . In an interview with the Vedomosti newspaper, Galitsky noted that the second fund also had money from family offices [1] [2] [8] .

Investments

The activities of the first fund were focused on the search for interesting projects in the CIS that could be in demand on the global market. The second fund expanded the geography of its activities, covering also the remaining countries of Eastern Europe [1] [2] [8] [9] .

In 2017, Galitsky said that when forming the investment portfolio, Almaz Capital focuses on companies with roots in Eastern Europe and promising technologies for global markets, as well as Western startups using engineering resources from Eastern Europe. This discloses the bridge (from the English bridge - bridge ) foundation model [8] .

Since the foundation of the fund, Almaz Capital has invested in more than 30 companies and invested more than 200 million US dollars [10] [11] .

Key investments of Almaz Capital fund:

  • Acronis (backup and disaster recovery solutions, secure file sharing and controlled access to data) - Almaz Capital received a stake in the company as a result of the acquisition by Acronis of nScaled portfolio company in 2014 [12] ;
  • CarPrice (online auction of used cars) - Almaz Capital led the first round of investments in 2014, in the future the company attracted investments from other funds, including Baring Vostok [13] [14] ;
  • Czech business intelligence platform - a joint investment with Andreessen Horowitz , and in 2014 [15] ;
  • GridGain (processing large amounts of data in RAM) - a joint investment with Sberbank , MoneyTime Ventures and RTP Ventures [16] ;
  • Hover (a platform for creating an interactive three-dimensional model of a house from photographs, accurate modeling of exterior updates and estimating insurance losses) - Almaz Capital invested in the company in 2012, Alsop Louie Partners, Google Ventures and The Home Depot became co-investors in subsequent rounds [17] [18] ;
  • Octonion (IoT platform for vertically integrated solutions with artificial intelligence, including an ecosystem of applications based on motion recognition under the PIQ brand) - a joint investment with Ginko Ventures in 2016 [19] ;
  • Parallels (cross-platform solutions for virtualization and remote access) - Almaz Capital invested in 2009, the company's investors are , , and Cisco [20] [21] ;
  • online (online cameras and other devices for pets) - a joint investment with Y Combinator , Cabra.vc and AVentures in 2015 [22] ;
  • Yandex (search engine) - investments from Almaz Capital in 2009, IPO in 2011 (at that time the largest IPO in the world after Google since 2004) [23] ;

Outputs

As of February 2019, Almaz Capital has made 10 “exits” from equity [11] :

  • Yandex (search engine) - during the IPO of the company and in subsequent years, the fund sold the shares acquired in 2009 [2] . One of the sales took place in November 2012, when the fund sold 0.06% of the company for $ 4.55 million in a transaction organized by Morgan Stanley [24] .
  • Qik (mobile video messenger) - in January - February 2011 (a year after the investment), the Qik video messenger was acquired by Skype [25] . The fund did not disclose its share, but, according to media reports, earned about $ 150 million by selling 20% ​​of the company [26] [27] .
  • Vyatta ( SDN network technologies) - in November 2012, the fund sold its stake in the developer of Vyatta network security solutions to telecommunications company Brocade Communications Systems, acquired a year earlier, [28] . The parties did not disclose the parameters of the transaction, but the media mentioned that the fund had gained 3-5 times more than it had invested [29] [30] .
  • nScaled (data backup) - in September 2014, Acronis , a cloud services developer, bought a company in which the fund acquired a stake two years earlier [12] .
  • Odin (a division of Parallels) - in December 2015 acquired the Odin cloud infrastructure management platform, which was separated into a separate business unit from the portfolio for the Parallels fund [31] [32] .
  • AppScotch (mobile advertising application), a developer of App Annie analytics and market research solutions, bought the AppScotch platform for mobile analytics and monetization in November 2016 [33] .
  • Sensity Systems (an integrated management platform for LED lighting) - the telecommunications giant Verizon Communications in September 2016 bought Sensity Systems - a California-based startup with a development team in Hungary that produces smart city solutions. By the time of the transaction, the fund had consolidated one of the largest shares in the company. The exit from Sensity Systems was the largest ever Almaz Capital investment and amounted to several hundred million US dollars [34] [35] [9] .
  • Plesk (a division of Parallels), a private equity fund Oakley Capital, in May 2017 acquired Plesk, previously separated into a separate business unit from Parallels , a portfolio company of Almaz Capital [36] [37] .
  • Fasten (rider sharing ) - purchased by Vezet Group in May 2017 [38] .
  • Parallels (development of software for virtualization of macOS and iOS operating systems) - the Canadian software maker Corel in November 2018 completely bought the company from its previous shareholders [39] .

Company

Partners

  • Alexander "Sasha" Galitsky - founder and managing partner. In the past - MIET graduate, inventor, defense scientist, pioneer of Wi-Fi and VPN technologies, founder and leader of a number of international technology companies, serial venture investor [40] .
  • Charles Emmit "Charlie" Ryan is a co-founder and general partner. Honorary graduate of Harvard College , founder of UFG and president of UFG Asset Management, senior adviser to Deutsche Bank , in the past - chief executive officer of his Russian division [41] .
  • Jeffrey "Jeff" Baer - general partner. Bachelor of Biochemistry and Natural Sciences, University of Fordham , formerly a top manager at a number of technology companies at Sun Microsystems , general partner and venture partner [42] .
  • Pavel "Pasha" Bogdanov is a co-founder and general partner. He holds a bachelor’s degree from the Moscow Institute of Physics and Technology , Ph.D. at Stanford University and a Master of Business Administration with a diploma from INSEAD Business School, formerly investment director of Sistema Telecom, top manager at , partner in the Russian Technologies Foundation " [43] .

Advisors

Advisers to the Almaz Capital Foundation are Java author James Gosling , author of the Diffie-Hellman Whitfield Diffie protocol , Duane Northcutt, and astronaut Ed Lou [44] .

Notes

  1. ↑ 1 2 3 Elena Krauzova. Investor Alexander Galitsky: from space to "Diamond" (neopr.) . Firrma (October 21, 2014). Date of treatment February 14, 2019.
  2. ↑ 1 2 3 4 5 6 Elena Tofanyuk. How did the Alexander Galitsky fund become the leader in the venture capital market (neopr.) . Forbes (November 26, 2013). Date of treatment February 14, 2018.
  3. ↑ Vladislav Novy. Alexander Galitsky cut Almaz Capital (neopr.) . Kommersant (September 3, 2012). Date of treatment February 14, 2019.
  4. ↑ Roman Dorokhov, Anastasia Golitsyina. The founders of Almaz Capital Partners quarreled among themselves (neopr.) . Vedomosti (June 27, 2012). Date of treatment February 14, 2019.
  5. ↑ Ritsuko Ando. Cisco to invest in Russian tech startups (neopr.) . Reuters (July 2, 2008). Date of treatment February 14, 2019.
  6. ↑ Cisco Systems will raise Russian startups (neopr.) . Rusbase (July 2, 2008). Date of treatment February 14, 2019.
  7. ↑ Almaz Capital invests in US big data solution provider and launches new $ 102 million fund (neopr.) . East-West Digital News (August 9, 2013). Date of treatment February 14, 2019.
  8. ↑ 1 2 3 Pavel Kantyshev. “We are interested in teams that target the global market” (neopr.) . Vedomosti (January 23, 2017). Date of treatment February 14, 2019.
  9. ↑ 1 2 Natalya Suvorova. Almaz Capital founder Alexander Galitsky: how to invest in the Internet of things and what is wrong with Russian startups (neopr.) . Inc. Russia (June 5, 2017). Date of treatment February 14, 2019.
  10. ↑ Rating of venture capital funds in 2016 (neopr.) . Firrma (December 13, 2016). Date of treatment February 14, 2019.
  11. ↑ 1 2 Our companies (neopr.) . Almaz Capital. Date of treatment February 14, 2019.
  12. ↑ 1 2 Svetlana Alekseeva. Acronis bought Almaz Capital portfolio company (Neopr.) . Firrma (September 18, 2014). Date of treatment February 14, 2019.
  13. ↑ Almaz Capital, Fastlane Ventures and e.Venture inject $ 2 million in CarPrice.ru (neopr.) . East-West Digital News (October 28, 2014). Date of treatment February 14, 2019.
  14. ↑ Roman Rozhkov, Vladislav Novy. Investors got into used cars (neopr.) . Kommersant (July 23, 2015). Date of treatment February 14, 2019.
  15. ↑ Sramana Mitra. Is GoodData Ready To Go Public? (unspecified) . Yahoo Finance (April 12, 2018). Date of treatment February 14, 2019.
  16. ↑ Russian funds invest $ 15 million in US company GridGain to “revolutionize real-time data access and processing” (unspecified) . East-West Digital News (February 24, 2016). Date of treatment February 14, 2019.
  17. ↑ Robin Wauters. Hover raises millions to create 'living 3D maps' - with the help of a former NASA astronaut (neopr.) . The Next Web (December 26, 2012). Date of treatment February 14, 2019.
  18. ↑ Hover (neopr.) . Crunchbase Date of treatment February 14, 2019.
  19. ↑ Ekaterina Zagorskaya. Almaz Capital is an investor in the startups Octonion (PIQ) and FinalPrice (neopr.) . Firrma (January 24, 2017). Date of treatment February 14, 2019.
  20. ↑ Denis Legezo. Parallels CEO and Cisco Fund Invest in New SaaS Service (Neopr.) Cnews (November 5, 2009). Date of treatment February 14, 2019.
  21. ↑ Alexander Malakhov. Almaz Capital has embarked on software (neopr.) . Kommersant (April 24, 2009). Date of treatment February 14, 2019.
  22. ↑ Petcube raised $ 1 million from AVentures Capital and Almaz Capital (neopr.) . Delo.ua (March 17, 2015). Date of treatment February 14, 2019.
  23. ↑ Igor Korolev. Yandex raised $ 1.3 billion on the stock exchange: who sold and who kept the shares - SCHEMA (neopr.) . CNews (May 24, 2011). Date of treatment February 14, 2019.
  24. ↑ Anastasia Golitsyna. The Almaz Capital fund of Alexander Galitsky sold a third of its stake in Yandex (neopr.) . Vedomosti (November 23, 2012). Date of treatment February 14, 2019.
  25. ↑ Nadezhda Balovsyak. Skype acquires Russian project Qik (neopr.) . East-West Digital News (January 7, 2011). Date of treatment February 14, 2019.
  26. ↑ Microsoft launched Skype Qik, a share in which it bought three years ago from Almaz Capital Partners for ~ $ 30 million (unopened) . Roem (October 14, 2014). Date of treatment February 14, 2019.
  27. ↑ Qik: Zelenograd startup bought by Skype (unopened) . Zelenograd.ru (February 24, 2011). Date of treatment February 14, 2019.
  28. ↑ Third successful exit of Almaz. Details from Alexander Galitsky (neopr.) . Firrma (November 7, 2012). Date of treatment February 14, 2019.
  29. ↑ Roman Rozhkov. Almaz Capital Partners, the Russian venture capital fund, withdrew from the shareholders of the American company Vyatta (Neopr.) . Kommersant (November 7, 2012). Date of treatment February 14, 2019.
  30. ↑ Almaz Capital's Vyatta sold to US industry player (neopr.) . East-West Digital News (November 10, 2012). Date of treatment February 14, 2019.
  31. ↑ Max Smolaks. Ingram Micro acquires Odin Service Automation platform from Parallels (Neopr.) (December 21, 2015).
  32. ↑ Svetlana Alekseeva. Ingram Micro bought Odin Service Automation from Parallels for $ 163.9 million (neopr.) . Firrma (February 29, 2016). Date of treatment February 14, 2019.
  33. ↑ Svetlana Alekseeva. Almaz Capital, IMI.VC and Impulse VC quit AppScotch startup (neopr.) . Firrma (March 14, 2016). Date of treatment February 14, 2019.
  34. ↑ Alexander Plitman. Almaz Capital announced its largest deal (neopr.) . CRN (September 26, 2016). Date of treatment February 14, 2019.
  35. ↑ Ekaterina Zagorskaya. Almaz Capital left the American company Sensity Systems (Neopr.) . Firrma (September 12, 2016). Date of treatment February 14, 2019.
  36. ↑ Pavel Kantyshev. Parallels sold the developer of hosting software for $ 27.4 million (neopr.) . Vedomosti (May 5, 2017). Date of treatment February 14, 2019.
  37. ↑ Angelina Krechetova. Oakley Capital bought control in the Plesk platform from Novosibirsk for $ 27 million (neopr.) . Forbes (May 5, 2017). Date of treatment February 14, 2019.
  38. ↑ Ekaterina Zagorskaya. RuTaxi and Fasten teamed up and raised less than $ 100 million from UFG Private Equity (neopr.) . Firrma (May 3, 2017). Date of treatment February 14, 2019.
  39. ↑ Ingrid Lunden. Canada's Corel is acquiring virtualization specialist Parallels in an all-cash deal (neopr.) . TechCrunch (November 27, 2018). Date of treatment February 14, 2019.
  40. ↑ Alexander Vladimirovich Galitsky (neopr.) . Bloomberg. Date of treatment February 14, 2019.
  41. ↑ Charles Emmitt Ryan (neopr.) . Bloomberg. Date of treatment February 14, 2019.
  42. ↑ Geoffrey Baehr (neopr.) . Bloomberg. Date of treatment February 14, 2019.
  43. ↑ Pavel V. Bogdanov (neopr.) . Bloomberg. Date of treatment February 14, 2019.
  44. ↑ Advisor team (neopr.) . Almaz Capital. Date of treatment February 14, 2019.

Links

  • Official site
Source - https://ru.wikipedia.org/w/index.php?title=Almaz_Capital_Partners&oldid=98995352


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Clever Geek | 2019