Top 5 Android Startup Investors in Russian Federation (May 2026)

Black River Ventures (BRV) is committed to supporting passionate entrepreneurs who build disruptive, world-changing companies. We believe that only exceptional and capable teams can turn great ideas into outstanding businesses.Black River Ventures is investing into innovative companies across the European technology space, primarily in the IT andInternet segments. We are convinced that the European online audience of 400M+ people, the second largest market after China, provides appealing opportunities for Europe-born global companies.We partner with early and growth stage visionary companies aiming to become industry leaders. Our mission is to provide smart capital for long-term growth by leveraging the collective experience and expertise of the BRV team based in the EU and US.

Investment focus

Industry: FinTech, E-Commerce, SaaS
Stage:Series C, Series B
Geography: United States, Germany, United Kingdom

Investor stats

Total investments: 16
Round size: Series B $1.7M–$4M; Series C $5M–$50M
Lead/follow: 25% lead, 75% follow

Portfolio highlights

TransferGo — Send & receive money from over 30 countries with TransferGo, either online or through our app. Transfer money at low cost, quickly & safely.
Vesttoo — We connect the insurance industry and the capital markets by combining proprietary AI-powered technology with expertise in data science, insurance and finance so that insurers have the capacity they need and investors have opportunities to diversify with confidence.
MarketFinance — MarketFinance is a business finance company with offices in London and Manchester. The online platform enables businesses to access a range of flexible finance solutions — quickly and easily. This smart technology is backed by help from real people so business owners can save time and focus on growing their business.Since 2011, MarketFinance hasadvanced over £2.6 billion to companies across a range of sizes and sectors, providing working capital and finance for everything from paying staff and suppliers to launching new products or services and accelerating growth.MarketFinance is backed by Barclays, Santander InnoVentures, European venture capital fund Northzone (invested in Klarna, iZettle, and Trustpilot), private equity group MCI Capital (also invested in iZettle, Azimo, and Gett), and Viola Credit.

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Russian Internet Technology Fund is an investment firm specializing in companies innovating in the internet technology sector.

Investment focus

Industry: iOS, SaaS, EBooks
Stage:Series A, Series C
Geography: Russian Federation

Investor stats

Total investments: 2
Lead/follow: no public data

Portfolio highlights

LitRes — LITRES.ru – the eBooks store #1 in Russia with more than 60% market share. LITRES.ru contains 260k eBooks on board. LITRES.ru presented in mobile phones and tablet PCs with iPhone, iPad, Android and Windows Phone 7 applications. iOS apps are in the top 5 list. LITRES.ru has more than 1,5 million unique visitors per month, buying more than 150keBooks.
Moe Delo — Online accounting SaaS company focused on Russian market. Provides small and medium businesses with online accounting and tax services, supported with professional consulting.

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The Fund for the Promotion of Venture Investment in Small Enterprises in the Scientific and Technical Sphere of Moscow was established by the Department of Entrepreneurship and Innovation Policy of Moscow.

Investment focus

Industry: Software, Information Technology, Advertising
Stage:Seed, Debt Financing, Series A
Geography: Russian Federation, United States, Israel

Investor stats

Total investments: 80
Round size: Seed $40k–$380k; Series A $87k–$10M; Debt Financing $80k–$267k
Lead/follow: 30% lead, 70% follow

Portfolio highlights

4Blind — Help to socialize and improve the health and well-being of people with visual disabilities with the help of technologies.
Tamburin — Tamburin is a platform which allows marketers to evaluate and predict the effectiveness of advertising and optimize budgets.
Refin.online — online mortgaging platform

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Pavel Cherkashin is the Managing Partner at Mindrock Capital.

Investment focus

Industry: Machine Learning, Artificial Intelligence, iOS
Stage:Seed
Geography: United States, Russian Federation, Cyprus

Investor stats

Total investments: 7
Round size: Seed $100k–$1.2M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

AdWired — AdWired is a mobile ads media network that works on every mobile platform.AdWired mobile media networks lets you find and engage the most receptive audience: smartphone and tablet users. Unique targeting features together with interactive banners lets you to reach highest ROI.Let your apps earn money for you right now! Join AdWired networkand show rich media banners to your customers. Leave sales to us or sale ads to your own advertisers.It takes only one hour to integrate AdWired to your app. SDK is available for all mobile platforms: iOS, Android, Windows Phone 7, Bada, Symbian, Blackberry. Full HTML5 support allows you to create fully interactive banners with audio and video clips.Using AdWired SDK you can not only deliver ads but also collect detailed app usage stats. You can setup any targeting you want based on that data.
GdeSlon — GdeSlon.ru is a Russia-based affiliate marketing network. On the advertisers' side we've got companies from Russia, USA and Europe. We are focusing on e-commerce but also accepting lead-based offers (such as registrations, surveys, etc). Our affiliates are primarily driving Russian and Ukrainian traffic.
GBooking — Easy-to-use and efficient online scheduling system in the cloud. Booking Widget for your site. Automated reminders for your clients.

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