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Almaz Capital Partners is one of the most well-known Russian funds established by one of the global tech pioneers Alexander Galitsky, who created a wireless VPN technology in 1993 and sold it to Sun Microsystems in 1997.
Almaz venture fund, whose current investors include Cisco, cannot invest in the seed stage according to its current mandate. Galitsky in his interview with RBC Daily said that the company sees many very early stage companies that represent attractive investment opportunities.
I suppose it is all about the deal flow funnel, and if the majority of its incoming projects is at the seed stage, to use its evaluation resources well it just makes sense for the venture fund to invest in the seed-stage startups it identifies as attractive.
So the company is in a process of raising a seed fund, which according to RBC Daily speculations can reach $20 million. Hopefully this time it will not only focus on CIS region, but will cover CEE countries as well.
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