Almaz Capital

Last updated
Almaz Capital
Company type Private
Industry Venture capital
Founded2008
Headquarters Portola Valley, California, United States
Key people
Managing Partner: Alexander Galitsky, General Partners: Geoffrey Baehr, Pavel Bogdanov, Charles E. Ryan, Aniruddha Nazaré
Website https://almazcapital.com/

Almaz Capital is a global VC fund headquartered in Portola Valley, California, United States investing in early stage, capital efficient technology companies in high-growth sectors. Almaz Capital focuses on disruptive deep tech companies in b2b software space, including AI/ML and Blockchain applications, IoT and Edge Computing Enablers, Cybersecurity, etc. Since its foundation the firm's portfolio has included about 50 companies, with more than 300 million US dollars invested in them. [1]

Contents

The fund's investors include European Investment Fund (EIF), Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group.

Almaz Capital is headquartered in Portola Valley, California, has an office in Berlin and representative offices in offices in Kyiv (Ukraine), Warsaw (Poland) and other Central and Eastern European countries. [2] Almaz Capital's partners are Alexander Galitsky, Geoffrey Baehr, Pavel Bogdanov, Charles E. Ryan and Aniruddha Nazaré.

History

In 2004, Cisco approached Alexander Galitsky, former scientist and technological entrepreneur who was appointed as president of the first Tech Tour [3] in East Europe — a specialized forum in which international investors visited countries with growing venture markets and got to know local startups, [4] and offered him financing to establish a venture fund to invest into East European startup companies. Galitsky selected the bridge fund model and has focused on investing in and connecting Eastern European startups creating promising technologies for global markets with western companies that can benefit from engineering resources in Eastern Europe. [5] [6] [7]

Alexander Galitsky founded Almaz Capital in 2008 together with three partners: Charles Emmitt Ryan, founder of United Financial Group  [ ru ], senior advisor at Deutsche Bank and former CEO of Deutsche Bank Russia; Peter Loukianoff who was working for Alloy Ventures and Pavel Bogdanov. Geoffrey Baehr, [8] a former General Partner at US Venture Partners (USVP), who used to curate joint projects with Galitsky in the 1990s when he was CNO at Sun Microsystems later joined Almaz Capital as advisor. In 2011, Loukianoff resigned from Almaz Capital and Baehr became fund's fourth general partner. [6] [9] [10]

Funds

Almaz Capital Fund I was backed in 2008 with a capital of $72 mln. Among its investors, Almaz Capital I attracted $30 million from Cisco and more $20 million were given by UFG partners. After a year, a third investor appeared in the Fund — Еuropean Bank for Reconstruction and Development (EBRD) who invested around $20 mln. The first fund’s activity was focused on the search for interesting projects within the territory of CIS countries to be in demand in the global market. [6] [11] [12]

In 2013, Almaz Capital II was established. It raised around $200 million from its limited partners. [5] [13] Cisco remained Almaz Capital's major investor in fund II with other major investment coming from UFG, EBRD and the International Finance Corporation. In an interview for the Vedomosti newspaper, Galitsky noted that Almaz Capital II attracted money from several family offices. [5] [6] [7] The second fund excluded Russia’s originated companies from the list of new investments and expanded the geography of its activity to cover not only CIS countries but also some regions of East Europe.[ citation needed ]

Almaz Fund’s III with a capital of $191 mln final close was in 2021. EBRD still remained the main investor enriched by European International Fund (EIF). [14] The geographical focus mostly moved to the Eastern European countries, although CIS is still in the scope of interest of the Fund. [15]

Investments

Almaz Capital I was focused on startups from CIS and the United States and the second fund extended its geography to Eastern European countries. [5] [6] [7] [16] From 2008 to 2022 Almaz Capital invested over 300 million dollars in over 50 companies. [17] [18] [6]

Main co-investors of the fund: Andreessen Horowitz, [19] Bessemer Ventures, [20] Founders Fund, [21] [22] Foundry Group, [23] General Catalyst, [21] [24] GGV Capital, [21] [24] Google Ventures, [25] Insight Partners, Khosla Ventures, [26] Tiger Global Management. [27] [28] [29]

The fund's key portfolio companies include:

  • 3DLOOK (Mobile based body scanning technology that implements user measurement and shape data to optimize the fit of clothing purchased online); [30] [31] [32]
  • Acronis (ownership received in 2014 following Acronis acquisition of Almaz portfolio company, nScaled); [33] [34] [35]
  • GoodData (round syndicated with Andreessen Horowitz, Intel Capital and Tenaya Capital in 2014); [36] [37]
  • GridGain (joint round with Sberbank, MoneyTime Ventures and RTP Ventures); [38] [39] [40]
  • DMarket (An in-game item trading platform and a player-owned economy solution); [41] [42]
  • Minut (Manufactures and provides security devices designed to offer home security. Its product Point recognizes things like alarms, windows breaking or unexpected activity and combines sound and sensor data to recognize events); [43] [44] [45]
  • Refurbed (Marketplace for refurbished electronics); [46] [47]
  • Mobalytics (The company is developing a Gamer Performance Index (GPI) that involves using in-game data available from game APIs and crunching it through machine learning algorithms to analyze and improve player performance); [48] [49] [50]
  • Neptune (Metadata store for MLOps, built for research and production teams that run a lot of experiments); [51] [52] [53]
  • OneSoil (OneSoil builds mobile and web apps that use satellite imagery for agricultural analytics and provides field insights for farmers and agricultural consultants); [54] [55] [56]
  • Virtuozzo (Software company, specializing in virtualization software) [57] [58] [59]
  • Hover (3D modelling platform for property, several rounds since 2012 together with Alsop Louie Partners, Google Ventures, The Home Depot); [60] [61]
  • Petcube (joint round with Y Combinator, Cabra.vc and AVentures in 2015); [62] [63] [64]

Exits

As of May 2022 the fund had 18 exit transactions: [29] [18]

Among the most notable exits of the fund:

Company

General Partners

Advisors

Almaz Capital's advisors are Java language author James Gosling, Diffie-Hellman protocol author Whitfield Diffie, Duane Northcutt, and astronaut Ed Lu. [88]

Related Research Articles

Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs in over 900 ventures, including America Online, Amazon.com, Tandem Computers, Compaq, Electronic Arts, JD.com, Square, Genentech, Google, Netscape, Sun Microsystems, Nest, Palo Alto Networks, Synack, Snap, AppDynamics, and Twitter. By 2019 it had raised around $9 billion in 19 venture capital funds and four growth funds.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Mayfield (company)</span> Venture capital firm

Mayfield, also known as Mayfield Fund, is a US-based venture capital firm that focuses on early-stage to growth-stage investments in enterprise and consumer technology companies. Founded in 1969 and based in Menlo Park, California, it is one of Silicon Valley's oldest venture capital firms.

<span class="mw-page-title-main">Index Ventures</span> European worldwide venture capital firm


Index Ventures is a European venture capital firm with headquarters in both San Francisco and London. It invests primarily in tech companies.

<span class="mw-page-title-main">Accel (company)</span> Venture capital firm

Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.

Lightspeed Venture Partners is a global venture capital firm focusing on seed stage, early stage investments and growth stage investments in the enterprise, fintech, consumer and healthcare sectors. Lightspeed has eleven offices globally and as of 2023 had approximately US$25 billion in assets under management.

<span class="mw-page-title-main">Skype Qik</span> Video messaging service from Skype

Skype Qik was a video messaging service by Skype. It was created by the company, Skype Technologies, who acquired Qik. The service, offered for Android, iOS, and Windows Phone devices, allowed users to exchange video messages between individuals or within a group.

Klaus Hommels is a German venture capitalist. He focuses on early and growth-stage investments and has founded his own venture capital fund by the name of Lakestar, through which he has been investing mainly in digital businesses. He has been invested in Facebook, Skype and Xing; other examples are Klarna and Revolut.

Balderton Capital is a venture capital firm based in London, UK, that invests in early-stage, technology and internet startup companies in Europe. It is considered to be among the four-biggest venture capital firms in the English capital.

<span class="mw-page-title-main">Serg Bell</span> Singaporean businessman

Serg Bell is a singaporean businessman born in Leningrad, USSR, entrepreneur, investor and speaker, the founder and chairman of the board of Constructor, formerly known as Schaffhausen Institute of Technology (SIT) and multiple global IT companies, including Acronis, a global data protection company, and was the senior founding partner of Runa Capital, a technology investment firm. He is also executive chairman of the board and chief architect of Parallels, Inc., a virtualization technology company, co-founder and chairman of the board of Acumatica, an enterprise resource planning software (ERP) company, and co-founder of QWave Capital.

The Alchemist Accelerator is a venture-backed accelerator focused on the development of seed-stage ventures that monetize from enterprises. Alchemist's backers include Khosla Ventures, DFJ, Cisco, Siemens, GE, and Salesforce, among others. The accelerator seeds around 75 enterprise-monetizing ventures per year.

Runa Capital is an international venture capital firm headquartered in Luxembourg that invests in deep tech, enterprise software, and fintech infractructure early-stage startups. From 2010 through 2022, Runa Capital raised around $500 million in 4 funds and invested in over 100 companies in more than 14 countries of Europe and North America, including Nginx, MariaDB, Zopa, Brainly, drchrono, Smava, and Mambu.

Looker Data Sciences, Inc. is an American computer software company headquartered in Santa Cruz, California. It was acquired by Google in 2019 and is now part of the Google Cloud Platform. Looker markets a data exploration and discovery business intelligence platform.

<span class="mw-page-title-main">Oregon Venture Fund</span> Venture capital fund

Oregon Venture Fund makes venture investments in the Portland, Oregon area and throughout Oregon and SW Washington. The fund consists of 180 institutional and angel investors, of whom 85% have run or founded a business. The fund evaluates up to 300 business plans per year, selecting five to seven to invest in annually. In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund. Since its inception, Oregon Venture Fund has generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.

ThousandEyes, Inc. is a network intelligence company headquartered in San Francisco with offices in Dublin, London, Mexico City, Kraków, Lisbon, Sydney and Austin, Texas. The company produces software that analyzes the performance of local and wide area networks, servers and applications. On May 29, 2020, Cisco announced it would be acquiring ThousandEyes.

Sapphire Ventures is a venture capital firm with offices in Menlo Park, San Francisco, Austin, and London. The firm is considered one of the world's premier venture capital firms.

Yadin B. Kaufmann is an Israeli-American technology investor, social entrepreneur and writer.

<span class="mw-page-title-main">Alexander Galitsky</span>

Alexander "Sasha" Galitsky is an international technology entrepreneur. He is the founder of ELVIS-PLUS and the founder and managing partner of Almaz Capital, and involved in many technology companies in Europe and the USA. In the Soviet years, he was a defense scientist in the Soviet space industry. Alexander Galitsky identities himself a Ukrainian.

CB Insights is a private company with a business analytics platform and global database that provides market intelligence on private companies and investor activities. The platform is targeted at private equity, venture capital, investment banking, angel investing, and consulting professionals by providing insights about high growth private companies.

Mobalytics is an American Esports company based in Marina Del Rey, California. It specializes in providing visual analytics and performance data to competitive gamers, aimed at improving gaming performance. The software uses in-game data and machine learning algorithms to detect weaknesses of the players and provide methods of enhancing player performance through visual analysis and insights.

References

  1. Ксения Прудникова (2016-12-15). "Инновации без границ". Comnews. Retrieved 2019-02-19.
  2. "Contacts – Almaz Capital".
  3. "Tech Tour".
  4. "Как фонд Александра Галицкого стал лидером венчурного рынка". Forbes.ru (in Russian). 25 November 2013. Retrieved 2022-06-20.
  5. 1 2 3 4 Elena Krauzova (2014-10-21). "Инвестор Александр Галицкий: от космоса до "Алмаза"" [Investor Alexander Galitsky: from space to Almaz] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  6. 1 2 3 4 5 6 7 Elena Tofanyuk (2013-11-26). "Как фонд Александра Галицкого стал лидером венчурного рынка" [How a fund of Alexander Galitsky has become the leader of the venture capital market]. Forbes (in Russian). Retrieved 2019-08-20.
  7. 1 2 3 Pavel Kantyshev (2017-01-23). "Нас интересуют команды, которые нацелены на глобальный рынок" [‘We are interested in teams that target the global market.’] (in Russian). Vedomosti. Retrieved 2019-08-20.
  8. 1 2 "Geoffrey Baehr – Almaz Capital" . Retrieved 2022-06-20.
  9. Vladislav Novy (2012-09-03). "Александр Галицкий огранил Almaz Capital" [Alexander Galitsky has faceted Almaz Capital] (in Russian). Kommersant. Retrieved 2019-08-20.
  10. Roman Dorokhov, Anastasia Golitsyina (2012-06-27). "Основатели Almaz Capital Partners переругались между собой" [The founders of Almaz Capital Partners fell out with each other] (in Russian). Vedomosti. Retrieved 2019-08-20.
  11. Ritsuko Ando (2008-07-02). "Cisco to invest in Russian tech startups". Reuters. Retrieved 2019-08-20.
  12. "Cisco Systems будет поднимать российские стартапы" [Cisco Systems will boost Russian startups] (in Russian). Rusbase. 2008-07-02. Retrieved 2019-08-20.
  13. "Almaz Capital invests in US big data solution provider and launches new $102 million fund". East-West Digital News. 2013-08-09. Retrieved 2019-08-20.
  14. "EIF" (PDF).
  15. "Almaz Capital Fund III".
  16. 1 2 Natalya Suvorova (2017-06-05). "Основатель Almaz Capital Александр Галицкий: как инвестировать в интернет вещей и что не так с российскими стартапами" [The founder of Almaz Capital, Alexander Galitsky: how to invest in the Internet of Things and what is wrong with Russian startups.] (in Russian). Inc. Russia. Retrieved 2019-08-20.
  17. "Рейтинг венчурных фондов 2016 года" [Rating of venture funds in 2016] (in Russian). Firrma. 2016-12-13. Archived from the original on 2019-02-25. Retrieved 2019-08-20.
  18. 1 2 "Our companies". Almaz Capital. Retrieved 2019-08-20.
  19. "Andreessen Horowitz Leads $15M Round in Cloud Business Intelligence Platform GoodData". 18 August 2011.
  20. "Parallels Raises VC from Bessemer, Russia Partners". 19 February 2010.
  21. 1 2 3 "Almaz Capital and Cabra VC lead $11.25 million round to support "world's best personal gaming assistant"". 27 July 2020.
  22. "Mobalytics Raises $2.6 Million to Analyze and Improve Competitive Gamer Performance" (Press release). 16 November 2016.
  23. "MakeTime Adds $8 Million from Foundry Group and Follow-On Investors" (Press release). 3 May 2016.
  24. 1 2 "Mobalytics secured $11.25M from Almaz Capital, Founders Fund, General Catalyst, and GGV Capital".
  25. "GV leads $25M investment in Hover, a computer vision startup that digitizes your home". 29 January 2018.
  26. "Poland-based Nomagic, which makes pick-and-place warehouse robots, raises a $22M Series a led by Khosla Ventures, Almaz Capital, and European Investment Bank (Ingrid Lunden/TechCrunch) - Times News Network". 27 May 2022.
  27. "Tiger Global: The technology investor ruffling Silicon Valley feathers". Financial Times. 27 July 2021.
  28. "Tiger Global: 9 Yandex NV transactions (Tiger Global Management /".
  29. 1 2 "Our Companies – Almaz Capital".
  30. "3DLOOK announces $6.5 million Series A Round, led by Almaz Capital". PCIAW®. 2021-03-19. Retrieved 2022-06-13.
  31. "About 3DLOOK".
  32. Barreira, Alex (18 March 2021), San Mateo personalized apparel startup that guarantees a perfect fit scores $6.5 million Series A, San Francisco Business Times, retrieved 2 June 2021
  33. 1 2 Svetlana Alekseeva (2014-09-18). "Acronis купил портфельную компанию Almaz Capital" [Acronis bought Almaz Capital, a portfolio company] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  34. "Helping the world get #CyberFit for 19 years". aa.acronis.com. Retrieved 2022-06-13.
  35. "nScaled Closes Series A Investment". Acronis. Retrieved 2022-06-13.
  36. Sramana Mitra (2018-04-12). "Is GoodData Ready To Go Public?". Yahoo Finance. Retrieved 2019-08-20.
  37. "GoodData Announces $25M Series E Funding Round Led by Intel Capital". www.gooddata.com. 28 October 2016. Retrieved 2022-06-13.
  38. "Russian funds invest $15 million in US company GridGain to "revolutionize real-time data access and processing"". East-West Digital News. 2016-02-24. Retrieved 2019-08-20.
  39. "Investors in GridGain Systems". GridGain Systems. Retrieved 2022-06-13.
  40. "GridGain Secures $10 Million in Series B Funding". GridGain Systems. 2013-07-30. Retrieved 2022-06-13.
  41. "DMarket – Almaz Capital".
  42. Limited, DMarket. "DMarket Raises $6.5 Million Round Led by Almaz Capital, and Welcomes Electronic Arts Founder Trip Hawkins as Board Member". www.prnewswire.com (Press release). Retrieved 2022-06-13.{{cite press release}}: |last= has generic name (help)
  43. "Minut – Almaz Capital".
  44. "$14M for the Future of Travel | Minut". www.minut.com. Retrieved 2022-06-13.
  45. Novac, Dragos. "Minut closed $14 million in Series B funding led by Almaz Capital". Nordic 9. Retrieved 2022-06-13.
  46. "Refurbed – Almaz Capital".
  47. "European refurbished electronics marketplace Refurbed raises $54M Series B". TechCrunch. 5 August 2021. Retrieved 2022-06-13.
  48. "Mobalytics – Almaz Capital".
  49. Novac, Dragos. "Mobalytics secured $11.25M from Almaz Capital, Founders Fund, General Catalyst, and GGV Capital". Nordic 9. Retrieved 2022-06-13.
  50. "Mobalytics Series A Round Announcement" (PDF).
  51. "Neptune.ai – Almaz Capital".
  52. "We Raised $8M Series A to Continue Building Experiment Tracking and Model Registry That "Just Works"". neptune.ai. 2022-04-13. Retrieved 2022-06-13.
  53. Novac, Dragos. "Neptune AI secures $8 million in a round led by Almaz Capital". Nordic 9. Retrieved 2022-06-13.
  54. "OneSoil – Almaz Capital".
  55. "OneSoil Raises $5M in Series A Funding to Take Its Digital Solutions for Farmers Worldwide". blog.onesoil.ai. Retrieved 2022-06-13.
  56. "OneSoil raises $5 million for its farm monitoring tech". TechCrunch. 21 April 2021. Retrieved 2022-06-13.
  57. "Virtuozzo – Almaz Capital".
  58. "Almaz Capital/Cisco Russia Fund I Announces First investments in Apollo and Parallels". newsroom.cisco.com. Retrieved 2022-06-13.
  59. "Virtuozzo". tracxn.com. Retrieved 2022-06-13.
  60. Robin Wauters (2012-12-26). "Hover raises millions to create 'living 3D maps' — with the help of a former NASA astronaut". The Next Web. Retrieved 2019-08-20.
  61. FinSMEs (2012-12-12). "Hover Raises $3.1M in Seed Funding". FinSMEs. Retrieved 2022-06-13.
  62. "Petcube привлек $1 млн от AVentures Capital и Almaz Capital" [Petcube raised $1 million from AVentures Capital and Almaz Capital] (in Russian). Delo.ua. 2015-03-17. Retrieved 2019-08-20.
  63. "Petcube Raises $10 Million in Series A Funding". Petcube News, Announcements And Updates. 2017-10-25. Retrieved 2022-06-13.
  64. Capital, Almaz (2015-03-17). "Petcube Raises $1.1M Seed Funding to Expand Worldwide Sales Distribution for Its Interactive Pet Camera". GlobeNewswire News Room (Press release). Retrieved 2022-06-13.
  65. Anastasia Golitsyna (2012-11-23). "Фонд Almaz Capital Александра Галицкого продал треть своего пакета в "Яндексе"" [The Almaz Capital Fund of Alexander Galitsky sold a third of its stake in Yandex] (in Russian). Vedomosti. Retrieved 2019-08-20.
  66. Nadezhda Balovsyak (2011-01-07). "Skype acquires Russian project Qik". East-West Digital News. Retrieved 2019-08-20.
  67. "Microsoft запустил сервис Skype Qik, долю в котором выкупил три года назад у Almaz Capital Partners за ~30 млн долларов" [Microsoft launched Skype Qik, a share in which it bought three years ago from Almaz Capital Partners for ~ $ 30 million] (in Russian). Roem. 2014-10-14. Retrieved 2019-08-20.
  68. "Qik: зеленоградский стартап куплен Skype" [Qik: a startup from Zelenograd bought by Skype] (in Russian). Zelenograd.ru. 2011-02-24. Retrieved 2019-08-20.
  69. "Xometry makes $252M IPO, stock soars 64% in early trading". 30 June 2021.
  70. "Третий успешный выход Almaz. Подробности от Александра Галицкого" [The third successful exit of Almaz. Details from Alexander Galitsky] (in Russian). Firrma. 2012-11-07. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  71. Roman Rozhkov (2012-11-07). "Almaz Capital Partners, российский венчурный фонд, вышел из состава акционеров американской компании Vyatta" [Almaz Capital Partners, a Russian venture fund, withdrew from the shareholders of the American company Vyatta] (in Russian). Kommersant. Retrieved 2019-08-20.
  72. "Almaz Capital's Vyatta sold to US industry player". East-West Digital News. 2012-11-10. Retrieved 2019-08-20.
  73. Max Smolaks (2015-12-21). "Ingram Micro acquires Odin Service Automation platform from Parallels".
  74. Svetlana Alekseeva (2016-02-29). "Ingram Micro купил Odin Service Automation у Parallels за $163,9 млн" [Ingram Micro bought Odin Service Automation from Parallels for $ 163.9 million] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  75. Alexander Plitman (2016-09-26). "Almaz Capital объявил о своей самой крупной сделке" [Almaz Capital announced its largest deal] (in Russian). CRN. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  76. Ekaterina Zagorskaya (2016-09-12). "Almaz Capital вышел из американской компании Sensity Systems" [Almaz Capital left the American company Sensity Systems] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-08-20.
  77. Pavel Kantyshev (2017-05-05). "Parallels продала разработчика софта для хостинга за $27,4 млн" [Parallels sold hosting software developer for $ 27.4 million] (in Russian). Vedomosti. Retrieved 2019-08-20.
  78. Angelina Krechetova (2017-05-05). "Oakley Capital купила контроль в платформе Plesk из Новосибирска за $27 млн" [Oakley Capital bought control in the Plesk platform from Novosibirsk for $27 million]. Forbes (in Russian). Retrieved 2019-08-20.
  79. Denis Legeso (2009-11-05). "Глава Parallels и фонд Cisco инвестируют в новый SaaS-сервис" [The head of Parallels and the Cisco Foundation are investing in a new SaaS service.] (in Russian). Cnews. Retrieved 2019-08-20.
  80. Alexander Malakhov (2009-04-24). "Almaz Capital встал на программное обеспечение" [Almaz Capital embarked on software] (in Russian). Kommersant. Retrieved 2019-08-20.
  81. Ingrid Lunden (2018-11-27). "Canada's Corel is acquiring virtualization specialist Parallels in an all-cash deal". TechCrunch. Retrieved 2019-08-20.
  82. Tia Vialva (2018-07-10). "Xometry acquires MakeTime, raises $25 million in funding round". 3D Printing Industry. Retrieved 2019-08-20.
  83. Tony Lystra (2019-06-19). "Acumatica acquired by global private equity firm in bid to take on Oracle, Microsoft and other business software giants". GeekWire. Retrieved 2019-08-20.
  84. "Alexander Galitsky – Almaz Capital" . Retrieved 2022-06-20.
  85. "Charles E. Ryan – Almaz Capital" . Retrieved 2022-06-20.
  86. "Pavel Bogdanov – Almaz Capital" . Retrieved 2022-06-20.
  87. "Aniruddha Nazaré – Almaz Capital" . Retrieved 2022-06-20.
  88. "Advisory – Almaz Capital" . Retrieved 2022-06-20.