# Top 5 Medical Device VC (Venture Capital) Funds in Russian Federation in May 2026

## Moscow Seed Fund
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 2
- 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.

## 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.

## 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.

## FASIE
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- 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.

## TealTech Capital
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Health Care, E-Commerce, Fashion

invests in the advancement of innovative start-ups .

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