# Top 50 Health Care Startup Investors in Russian Federation in May 2026

## Moscow Seed Fund
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 8
- Stages: Seed, Debt Financing, Series A
- Focus: Software, Information Technology, Advertising

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.

## Skolkovo Foundation
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 6
- Stages: Grant, Seed, Pre-Seed
- Focus: Software, Information Technology, Robotics

Skolkovo Foundation is a Russian organization that fosters startups and venture capitals focused on the areas of energy, IT, biomedicine, nuclear, and space. The IT cluster develops strategic directions of information technologies, including search systems and cloud calculations. The biomed cluster supports and develops innovations in the field ofbiomedical technologies. The energy Efficiency cluster supports innovations and advanced technologies, aimed at the reduction of energy consumption by industrial and residential objects as well as lower energy consumption by communal services and municipal infrastructure facilities. The space technologies cluster handles space projects and the development of telecommunication technologies based on space tourism, satellite navigation systems, and more. The nuclear technology cluster supports the creation of new products for power markets, development of new materials, and designing of complex technological systems.In order to carry out its operations, Skolkovo Foundation manages Skolkovo Innovation Center, Technopark, Skolkovo Institute of Technology (Skoltech), and Skolkovo city.Several companies, including Boeing, Cisco Systems, EADS, GE, Johnson & Johnson, IBM, Intel, Microsoft, Siemens, Nokia, and Samsung have signed R&D partnership agreements with Skolkovo Foundation.Skolkovo Foundation was founded in September 2010 and is based in Moscow, Russia.

## AddVenture
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Internet, E-Commerce, Software

AddVenture is a region & stage agnostic venture capital fund with a Russian origin. Our investment range is $1-10M.

## TealTech Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Health Care, E-Commerce, Fashion

invests in the advancement of innovative start-ups .

## FASIE
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 3
- Stages: Grant, Seed, Pre-Seed
- Focus: Software, Information Technology, Health Care

Foundation’s main tasks include the implementation of government policy for the development and support of small innovative enterprises (SME); offering direct financial, informational and other aid to small innovative enterprises, implementation of projects to develop and produce new high-tech products; and creating and developing an infrastructurefor SME.

## Baring Vostok Capital Partners
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 2
- Stages: Private Equity, Series B
- Focus: Internet, Software, E-Commerce

Baring Vostok Capital Partners Limited is a venture capital and private equity firm based in Russia. It invests on early venture, acquisitions, buy-outs, growth capital, later-stage, mid-market, and medium-sized enterprises that operate in sectors such as natural resource extraction, particularly oil and gas; competitive industrial companiesthat operate in local or export markets; mass media and telecommunications; utilities; construction materials; specialty manufacturing; real estate development; residential real estate development; internet; software; retail; and service management. Baring Vostok Capital Partners was founded in 1994 and is based in Moscow, Russia with additional offices in Limassol, Cyprus and Gernsi, Channel Islands.

## Xploration Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, Delivery, Software

ploration backs ambitious founders building next-generation platforms, digital ecosystems and SaaS companies worldwide.We go at great length to study markets, gain consumer and competitive insights and market intelligence. This enables us to identify hidden opportunities and be a knowledgeable, and valuable partner to early stage companiesWeare hands on, where founders need us the most and we support our best portfolio companies in subsequent rounds, making us a meaningful partner and a long term partnerXploration Capital is founded by a group of dreamers, idealists and in some way misfits.
With more than 50 years of combined experience in investing, consutling and fudraising for entrepreneurs and companies from early stages to IPO, we decided to embark on an Xploratory journey into the future.We deeply care about how life is going to look like for next generations, as Lincoln once said, “The best way to predict your future, is to create it”, so we decided to make our lives mission in helping those who want to change the world - succeed.We have invested, exited and advised on more than US$5 billion worth of transactions, helping some of the most iconic companies launch, sacale and exit

## LVL1 Group
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Health Care, Apps

LVL1 Group is a private investment management firm, operating across different asset classes and geographies. We were founded with entrepreneurial spirit at our core, with a natural passion for venture investing, working closely with founders to forge meaningful strategic relationships and helping them to succeed. We are not bound by mandates andinvestment periods, which allows us to be flexible and opportunistic. We look for companies that aim to make a strong global impact, particularly in Online Travel, Gaming, eSports, Content and Community Platforms.

## Yandex
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 2
- Stages: Series A, Series B, Corporate Round
- Focus: Apps, EdTech, Medical

Yandex is a multinational technology company that provides internet-related services and operates a search engine platform in Russia. It is one of the largest internet companies in Europe, operating Russia’s most popular search engine and its most visited website.According to LiveInternet, for the three months ended September 30, 2015, theygenerated 57.1% of all search traffic in Russia. They also operate in Ukraine, Kazakhstan, Belarus, and Turkey.

## ExpoCapital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Information Technology

ExpoCapital is a private equity fund focused on investments in businesses on Russian and global markets with high growth potential.
Investment sectors: artificial intelligence (AI), new materials, entertainment/edutainment, HoReCa, space, medicine, robotics, etc.
Search criteria: risk/return, project team experience, scalability, marketsize.
Mission: provide LPs with returns on investments exceeding deposit rates at a moderate risk, as well as become part of the new economy and fast-growing industries.

## Mark Chang Mun Kee
- Type: Angel
- Relevant deals: 2
- Focus: Medical, Internet, Health Care

Mark Chang Mun Kee

## VNV Global
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: E-Commerce, Health Care, Marketplace

VNV Global is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The common shares of VNV Global are listed onNasdaq Stockholm, Mid Cap segment, with the ticker VNV.

## Altergate.vc
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Medical, Education, Health Care

Altergate.vc investing in technology startups at an early stage.

## Elbrus Capital
- Type: VC Fund
- Location: George Town, Midland, Cayman Islands
- Relevant deals: 1
- Stages: Private Equity, Series B
- Focus: B2B, Information Technology, Advertising

Elbrus Capital Funds are CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquirecontrolling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development.Since the foundation, Elbrus Capital Funds have invested in 18 platforms across different industries, including the leading players in the digital area (HeadHunter, Mail.ru Group, CIAN Group), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management, Intercomp), private healthcare (National Medical Network), media (UTH, Vyberi Radio) and others.

## Ivan Tavrin
- Type: Angel
- Location: Burbank, California, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Fashion, Wellness, Service Industry

Ivan Tavrin

## Maria Aksenova
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Medical, Health Care

Maria Aksenova

## Pavel Yunin
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Wellness, Psychology, Health Care

Pavel Yunin - Managing Director @ Guard Capital

## SYGMA.Novosibirsk
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Biotechnology, Health Diagnostics

Material-based startups building and selling. A subsidiary of JSC RUSNANO.

## Igor Gurkovsky
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: Mobile, Medical, Health Care

Igor Gurkovsky

## Vershina Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Secondary Market, Series A
- Focus: Software, EdTech, Education

Vershina Capital is a venture capital fund with the focus on innovative business models and growing markets. We provide our financing and expertise to early stage startups in online education, foodtech, e-commerce and saas business models.

## Universe Ventures
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: Big Data, Genetics, Biotechnology

Universe Ventures provides its clients with early-stage venture capital and startup acceleration services. It actively works with entrepreneurs on a daily basis.Universe Ventures conducts a joint acceleration program with MSU Business Incubator, while supporting its customers in hiring, fundraising, sales, marketing, and design. It was founded in2013 by Alexey Zhestkov.Universe Ventures is headquartered in Moscow, Russia.

## Modernization and Technology Development Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Health Care, Health Diagnostics

Modernization and Technology Development Fund

## Guard Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1

Private equity and venture capital fund, specializes in investments in telecom and Internet projects with investment volumes of US$ 2 to 5 million.

## Maxim Basov
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Health Care, Apps, Health Diagnostics

Maxim Basov

## Alexander Katalov
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Series B
- Focus: Medical, Software, Aerospace

Alexander Katalov - President @ ElcomSoft Co. Ltd

## Ascent Venture Partners
- Type: VC Fund
- Location: Boston, Massachusetts, United States
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Software, Enterprise Software, SaaS

Ascent is a venture capital firm that invests in early stage, emerging technology companies.At Ascent, they don’t jump on the latest trends in general technology. Instead, they remain dedicated to investing in a singular space with enormous market potential -- enterprise IT innovation.Their singular focus on enterprise IT, combined withtheir 28 years of experience and over 100 early stage investments, has yielded powerful results that speak to their deep knowledge, expertise, commitments and networks. Today, enterprise IT is in the midst of tremendous disruption. Between the shift to the cloud, mobility, consumerization of IT, data analytics and entirely new security architectures, both major challenges and tremendous opportunities abound. Over the next decade, the enterprise IT market will be transformed by these disruptive trends, providing lucrative opportunities for innovative early stage companies to emerge, develop new markets, and become the dominant IT companies of the future.They have a firm-wide commitment to backing companies that have courageous ideas about how technology can transform business and create market-leading companies along the way. Their partners, funds and extensive network are dedicated entirely to supporting companies in the enterprise IT arena, and helping them to be the best they can be.Ascent invests in early stage companies in the east coast with initial investment ranging from $2 million to $5 million.

## TechnoSpark
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: Robotics, Logistics, Health Care

TechnoSpark creates from scratch, grows and sells companies in a wide range of technology domains: robotics, medical equipment, artificial diamonds, composites, optical coatings, genomics, microbiology, photovoltaics, additive technologies, flexible electronics.

## Biofund
- Type: VC Fund
- Location: Siena, Toscana, Italy
- Relevant deals: 1
- Stages: Seed
- Focus: Genetics, Medical, Health Care

BIOFUND SpA, established by Fondazione Monte dei Paschi, Bank Monte dei Paschi , Finanziaria Senese di Sviluppo e Fidi Toscana, provides the initial seed capital for companies located in the incubator of Toscana Life Sciences in Siena.

## Denis Smetnev
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Gaming, Internet, Software

Denis Smetnev - Co-Founder @ Vimbox

## Reuters Venture Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series B, Seed
- Focus: Internet, Information Technology, Software

Reuters is the world's leading source of intelligent information for businesses and professionals. They combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax & accounting, scientific, healthcare and media markets, powered by the world's mosttrusted news organization.RVC, the former venture capital arm of Reuters, was set up in 1994 and began investing RVC I (originally known as The Greenhouse Fund) in Palo Alto, California in 1995. In 1997, RVC expanded the focus of its operations to Europe, bringing its significant Silicon Valley experience to a market with relatively few venture capitalists focused on early stage information technology companies.In September 2001, RVC became independent from Reuters and is now wholly owned by its Investment Partners and Chairman. It was awarded the contract to continue managing RVC I on behalf of Reuters. In establishing its investment independence, RVC has retained its strong relationships with Reuters, its affiliates (Tibco, Factiva, Instinet, Radianz) and its customers, which are primarily financial services and media companies who were amongst the first to be impacted by and adopt new technology. Building on RVC’s relationship with Reuters in financial services, RVC is developing similar relationships with leading corporations in other verticals, and acquiring deeper understanding of the needs and challenges CIOs and business decision makers have in increasing efficiency and/or revenues through their leverage of IT investments.
In early 2004, after 10 years of successful technology investments, Reuters announced a strategy of refocusing on its core activities and away from venture technology investments. Over the ensuing few months, the partners at RVC explored the opportunity of buying RGF and successfully obtained debt financing for the purchase. On 22 June 2004, Norman Fiore, Martin Stapleton and John Taysom along with Chairman Sir David Walker became the new owners of RGF via their new vehicle Sofius Capital. RVC will remain the manager of the RGF and will continue to invest in RGF portfolio companies to maximise the overall return on the committed capital of the fund.Since inception, RVC I has invested €449 million in 82 companies, including Yahoo!, Verisign, Phone.com (now Openwave Systems), Digimarc, Infoseek, Orchestream, and Metamerge, amongst others. With 16 IPOs and 27 trade sales or other cash realisations, and a first fund that is 94% returned, they believe they have one of the strongest track records in Europe. Today, RVC has 11 staff located in London and the Silicon Valley.

## Pulsar Venture Capital
- Type: VC Fund
- Location: Kazan, Tatarstan, Russian Federation
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Internet, Information Technology

Pulsar Venture Capital, a business acceleration program, offers financing and mentorship to clean tech, robotics, and electronics startups.

## Softline Venture Partners
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Internet

Softline Venture Partners is a corporate venture fund of Softline Group. Since 2008, Softline Venture Partners have invested about US$20 million in 20 portfolio companies on Russia&CIS market. The amount of investment to one project is from $100 thousand to $1 million. As a stage agnostic investor, the firm works with companies across a widerange of technologies, such as cybersecurity, cloud computing, Big Data, Artificial Intelligence, Internet of Things и Edge Computing.The possibilities and competencies of Softline Group as a service provider operating in 50 countries with more than 60000 customers and leading IT vendors, allows unique opportunities for the Fund's portfolio companies to scale business model and boost sales through developed Softline’s sales channels across the globe.

## YellowRockets
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Education, B2B, Software

Venture Capital Fund

## NP Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Series A
- Focus: Apps, Fashion, Wellness

NP Capital is an international venture capital fund that invests in early-stage technology companies reshaping traditional industries, including finance, education, tourism, and gaming, as well as startups from AI/ML and blockchain industries.

## Sergey Vassilyev
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Apps, Health Care, Consumer Electronics

Sergey Vassilyev - COO @ DSU Project

## RBV Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Therapeutics, Artificial Intelligence

RBV Capital is a dedicated life sciences venture fund based in Moscow, Russia with partnership office in Wilen, Switzerland. We invest into diversified assets in pharmaceuticals, biologics, digital healthcare products and medical devices answering to an unmet medical and market need and with a potential for global outreach.

## Atlas Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Information Technology, E-Commerce, Health Care

Atlas Ventures is an early-stage venture fund based in Singapore.
Atlas Ventures is affiliated to Atlas Asset Management Pte. Ltd., a diversified asset manager regulated by the Monetary Authority of Singapore as a holder of a Capital Markets Services licence.

## AltaIR Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, SaaS, Information Technology

We foster innovation and work together to find and grow breakthroughs all over the world

## Sergey Solonin
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Angel, Series A
- Focus: Education, Video, Health Care

Sergey Solonin is the Chief Executive Officer of Russian FinTech Association.

## Orbita Capital Partners
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Advertising

We bring into focus the most disruptive technologies which radically change human's life.

## Alexander Rabinovich
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: Mobile, Medical, Health Care

Alexander Rabinovich

## Dmitry Korobkov
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: SaaS, Fashion, Software

Dmitry is a Mad Tech Investor, Entrepreneur and Chairman of Board of Directors at ADV, a commonwealth of agencies uniting more than 40 agencies operating on the advertising markets of Russia, Ukraine, Kazakhstan, Belarus, Uzbekistan and Azerbaijan for 20 yearsADV unites over 40 communications agencies, both independent and those representingmajor international advertising holding companies The Interpublic Group of Companies (NYSE: IPG) and Havas. Subdivisions of international networks don't depend on each other but they realize common purchasing function and can consolidate on behalf of their clients.The ADV team is made up of over 2,200 talented people: both experienced experts in marketing communications and young ambitious specialists brimming with unconventional solutions and creativity. ADV expertise includes all existing advertising disciplines.

## Konstantin Stiskin
- Type: Angel
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Apps, Health Care

Konstantin Stiskin is the Co-Founder and Supervisory Board member at Finom.

## Sergey Dashkov
- Type: Angel
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Training, E-Learning

Sergey Dashkov

## Target Global
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: FinTech, Financial Services, Software

Target Global is a venture capital firm that invests in tech companies across their lifecycles. Target Global follows a lifecycle approach, investing in tech companies. Their partners have been investing for more than 15 years in the digital technology space, backing some of the European success stories.

## Phystech Leadership Fund
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: B2B, FinTech, Payments

PLF - an early-stage fund with focus on tech companies founded by alumni of physics and technology universities

## Human stem cells institute PJSC
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Genetics, Biotechnology

Human Stem Cell Institute (PJSC "HSCI") - a Russian public company founded in 2003 and works in the field of modern biomedical technology and health care.
HSCI develops and implements in medical practice (commercialization and promotion of the market), innovative medicines, as well as high-tech medical services.

## Flashpoint
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, SaaS, Enterprise Software

Flashpoint is an international technology investment firm that manages venture capital, secondary buy-out and venture debt funds.

## Winter Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Series C, Series A, Series B
- Focus: Internet, Education, EdTech

Winter Capital is an international growth markets investment firm focusing on consumer industries going through technology-enabled change. Winter Capital invests in growth equity in South & South-East Asia, the Middle East and MENA in four core verticals: EduTech, FinTech, HealthTech, and RetailTech.Funds advised by WCA, with over $1bn inassets and invested across 3 funds in over 40 portfolio companies. Winter Capital provide portfolio companies with deep market knowledge and expertise.
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## JOINT JOURNEY
- Type: VC Fund
- Location: Limassol, Limassol, Cyprus
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Active investment firm that calling founders with a great product vision across diverse industries

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