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Almaz Capital

From EverybodyWiki Bios & Wiki




@K.e.coffman:. Simply referring to the rule Wikipedia:NCORP is not enough, I think. I believe that the application needs a more careful consideration and the refusal should be justified in more detail. For my part, I will try to help you as much as possible.
First of all, the article has never gone through the deletion process through WP:AFD. That is, the possible insignificance of the topic was never discussed within en-wiki. The article was deleted “quickly”, but my version of the article has nothing to do with the text which had been deleted earlier.
Secondly, I will try to show that the company is significant for the venture capital market and it should be reflected in the media.
Almaz Capital is notable if it has been the subject of significant coverage in multiple reliable secondary sources that are independent of the subject. The history of the fund has received significant coverage in multiple, independent, reliable, secondary sources. The leading business and technological mass media of Russia wrote about the fund in detail (the fund appeared in Russia and most of the time worked with Russia). For example, the oldest business publication Kommersant extensively covered the life of the fund - both its transactions (2009 - investment in Parallels, 2015 - investments in data centers) and its internal life (2012 - detailed publication about the conflict between its founders). Another established publication - Vedomosti - has also been covering the activities of the foundation for all 10 years. There were publications about the establishment of the fund, fundraising, internal conflict and a variety of fund transactions. In particular, in the context of the transaction for the purchase of a stake in Yandex, the publication called the fund “one of the largest IT investors in Russia”. And if you take, for example, Forbes, the editors devoted a huge editorial article to the history of the fund - it is entitled “How the Alexander Galitsky Foundation became the leader of the venture capital market” (it explores the history of the fund, its principles, the specialization of partners, and describes remarkable deals).
Thus, these links clearly indicate that the topic corresponds to Wikipedia:NCORP. And that’s why the article should be moved from the draft to the main space. If you would like to draw attention of other editors to the article, then you can still transfer the article to the main space and consider its significance in the framework of the WP:AFD procedure. Gruznov (talk) 18:05, 2 April 2019 (UTC)
Almaz Capital
Private
ISIN🆔
IndustryVenture capital
Founded 📆2008
Founder 👔
Headquarters 🏙️Portola Valley, California, United States and Berlin, Germany
Area served 🗺️
Members
Number of employees
🌐 Website[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] 
📇 Address
📞 telephone

Almaz Capital is an international venture fund which invests in young companies developing software and SaaS solutions. The portfolio base is made up of startups created by entrepreneurs from Eastern and Central Europe and developing their businesses in the global market, in the United States mostly. Almaz Capital I fund was established in 2008.

Almaz Capital has offices in Portola Valley, California, and Berlin, as well as representative offices in Moscow and Kiev. Alexander Galitsky is its managing partner.

History

Alexander Galitsky, a technology entrepreneur and the founder of "ELVIS +", was inspired by the Cisco company to create his own investment fund. In 2004 Galitsky took on the role of the president of the Russian Tech Tour, a series of event during which promising regional startups were presented to international investors. It was then that Cisco representatives offered Galitsky to create a venture capital fund with their capital to invest in Russian projects. For the American corporation it was a part of a strategy for entering new markets: a growing venture economy and an increase in the number of high-tech companies ultimately contributed to the demand for its technology. A bridge model, which had been successfully realized by Galitsky before, has formed the basis of the fund.[1][2]

Almaz Capital was created in 2008 by the Galitsky together with his partners Charles Ryan (at that time the founder and head of the United Financial Group [ru], as well as the head of Deutsche Bank in Russia), Peter Lukyanov (an American of Russian origin, who worked in the Alloy venture capital fund) and Pavel Bogdanov (partner from Russian Technologies) became Galitsky’s partners. Geoffrey Baehr, an old friend of Alexander Galitsky from the 1990s, was invited for a position of the advisor​​. Due to disagreements with Galitsky, Lukyanov left the company in 2011, and Geoffrey Baehr became a partner.[2][3][4]

Funds

Cisco became the anchor investor of Almaz Capital I with $30 million, another $20 million was contributed by UFG partners, and the following year the European Bank for Reconstruction and Development invested $20 million.[2][5][6]

In July 2013 Almaz Capital II raised a total of more than $100 million.[7]. Cisco remained the main investor with $60 million, the main partners of Almaz Capital increased their personal investment to 7% of the fund, the remaining funds were made by UFG, EBRD and the International Finance Corporation. In an interview with the Vedomosti newspaper, Galitsky noted that the second fund also contained money for family offices.[1][2][8]

Investments

The first fund focused on finding interesting projects in the CIS, which could be in demand in the global market. The second fund expanded its geography, adding the countries of Eastern Europe.[1][2][8][9] In 2017 Galitsky said that Almaz Capital was interested in companies with roots in Eastern Europe and promising technologies for the global market, as well as in western startups using engineering resources from Eastern Europe. This is how the bridge model works.[8]

Since its foundation Almaz Capital's portfolio has included about 30 companies, with more than 200 million US dollars invested in them.[10][11]

Key investments of Almaz Capital Fund:

  • Acronis (backup and disaster recovery solutions, secure file sharing and controlled data access) — in 2014 Almaz Capital received a share of the company as a result of Acronis’ acquisition of nScaled — Almaz Capital’s portfolio company;[12]
  • CarPrice (online auction of used cars) — Almaz Capital conducted the first round of investments in 2014, and the company later attracted investments from other funds, including Baring Vostok Capital Partners;[13][14]
  • GoodData (business analytics platform) — joint investment with Andreessen Horowitz, Intel Capital and Tenaya Capital in 2014;[15]
  • GridGain (processing large data arrays in RAM) — joint investments with Sberbank, MoneyTime Ventures and RTP Ventures;[16]
  • Hover (platform for creating an interactive 3D model of a house from photographs, accurate modeling of exterior renewal, and assessment of insurance losses) — Almaz Capital invested in the company in 2012, Alsop Louie Partners, Google Ventures, The Home Depot co-invested in subsequent rounds;[17][18]
  • Octonion (IoT platform for vertically integrated solutions with artificial intelligence functionality, including an ecosystem of motion-based recognition applications under the PIQ brand) — joint investments with Ginko Ventures in 2016;[19]
  • Parallels (cross-platform solutions for virtualization and remote access) — Almaz Capital invested in it in 2009, other company’s investors are Insight Venture Partners, Bessemer Venture Partners, Intel Capital and Cisco;[20][21]
  • Petcube (online cameras and other devices for pets) — joint investments with Y Combinator, Cabra.vc and AVentures in 2015;[22]
  • Yandex (search engine) — invested by Almaz Capital in 2009, Yandex went public in 2011 (at that time it was the largest IPO in the world after Google since 2004);[23]

Exits

As of March 2018, Almaz Capital had 10 exits:[11]

  • Yandex — during the company's IPO and in subsequent years, the fund sold the shares acquired in 2009.[2] One of the sales took place in November 2012, when the fund sold 0.06% of the company for $4.55 million in a deal organized by Morgan Stanley.[24]
  • Qik — in January/February 2011 (a year after the investment), Qik video messenger was acquired by Skype.[25] The fund did not disclose its share, but, according to the media, it earned about $150 million by selling 20% ​​of the company.[26][27]
  • Vyatta (SDN solutions) — in November 2012, the fund sold its share, which was acquired a year earlier, of the network security solutions developer Vyatta to telecommunications company Brocade Communications Systems.[28] The parties did not disclose the details of the transaction, but the media mentioned that the fund gained 3-5 times more than it invested.[29][30]
  • nScaled (cloud backup) — was bought in September 2014 by Acronis, a cloud services developer. Two years earlier the foundation acquired a share of nScaled.[12]
  • Odin (subsidiary of Parallels) — IT-distributor Ingram Micro acquired the platform for managing cloud infrastructure Odin in December 2015. Odin had been marked out as a separate business entity from the portfolio for the fund company Parallels.[31][32]
  • AppScotch (app marketing data) — a platform for mobile analytics and monetization, was bought by App Annie, a developer of analytics and market research for applications, in November 2016.[33]
  • Sensity Systems (platform for LED lighting) — a Californian startup with a development team in Hungary for the production of integrated platforms for the smart city. Sensity Systems was bought by telecommunications giant Verizon Communications in September 2016. At the time of the transaction, the fund consolidated one of the largest shares in the company. The exit of Sensity Systems was the largest investment in the entire history of Almaz Capital and amounted to several hundreds of millions of US dollars.[34][35][9]
  • Plesk (subsidiary of Parallels) — Oakley Capital fund acquired Plesk in May 2017. Previously Plesk was marked out as a separate business entity from the Parallels structure, the Almaz Capital portfolio company.[36][37]
  • Fasten (transportation network company) was bought by Vezet Group in May 2017;[38]
  • Parallels (development of virtualization software for macOS and iOS) — the Canadian software producer Corel bought out the company from its former shareholders in November 2018.[39]

Company

  • Alexander ‘Sasha’ Galitsky is a founder and managing partner. A graduate of National Research University of Electronic Technology, he was an inventor, a defense scientist before becoming an entrepreneur. He pioneered Wi-Fi and VPN technologies, founded and led a number of international technology companies. He has been a venture investor for a number of companies.[2]
  • Charles Emmitt ‘Charlie’ Ryan is a co-founder and general partner. He is a founder of UFG and president of UFG Asset Management, senior advisor at Deutsche Bank, in the past — the CEO of its Russian division.[2]
  • Geoffrey ‘Jeff’ Baehr is a general partner. In the past — a top manager of a number of technology companies CNO at Sun Microsystems, general partner and venture partner of U.S. Venture Partners.[2]
  • Pavel ‘Pasha’ Bogdanov is a co-founder and general partner. In the past — a partner at Russian Technologies Foundation.[2]

Advisors

References

  1. ↑ 1.0 1.1 1.2 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 2019-02-17.CS1 maint: Unrecognized language (link)
  2. ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 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] (in Russian). Forbes. Retrieved 2019-02-18.CS1 maint: Unrecognized language (link)
  3. ↑ Vladislav Novy (2012-09-03). "Александр Галицкий огранил Almaz Capital" [Alexander Galitsky has faceted Almaz Capital] (in Russian). Kommersant. Retrieved 2019-02-18.CS1 maint: Unrecognized language (link)
  4. ↑ 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 2019-02-18.CS1 maint: Unrecognized language (link)
  5. ↑ Ritsuko Ando (2008-07-02). "Cisco to invest in Russian tech startups". Reuters. Retrieved 2019-02-17.
  6. ↑ "Cisco Systems будет поднимать российские стартапы" [Cisco Systems will boost Russian startups] (in Russian). Rusbase. 2008-07-02. Archived from the original on 2019-02-15. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  7. ↑ "Almaz Capital invests in US big data solution provider and launches new $102 million fund". East-West Digital News. 2013-08-09. Retrieved 2019-02-17.
  8. ↑ 8.0 8.1 8.2 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 2019-02-17.CS1 maint: Unrecognized language (link)
  9. ↑ 9.0 9.1 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 2019-02-17.CS1 maint: Unrecognized language (link)
  10. ↑ "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 2019-02-17.CS1 maint: Unrecognized language (link)
  11. ↑ 11.0 11.1 "Our companies". Almaz Capital. Retrieved 2019-02-17.
  12. ↑ 12.0 12.1 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 2019-02-17.CS1 maint: Unrecognized language (link)
  13. ↑ "Almaz Capital, Fastlane Ventures and e.Venture inject $2 million in CarPrice.ru". East-West Digital News. 2014-10-28. Retrieved 2019-02-17.
  14. ↑ Roman Rozhkov, Vladislav Novy (2015-07-23). "Инвесторы сели в подержанные машины" [Investors got into used cars.] (in Russian). Kommersant. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  15. ↑ Sramana Mitra (2018-04-12). "Is GoodData Ready To Go Public?". Yahoo Finance. Retrieved 2019-02-17.
  16. ↑ "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 2019-02-17.
  17. ↑ 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 2019-02-17.
  18. ↑ "Hover". Crunchbase. Retrieved 2019-02-17.
  19. ↑ Ekaterina Zagorskaya (2017-01-24). "Almaz Capital оказался инвестором стартапов Octonion (PIQ) и FinalPrice" [Almaz Capital turned out to be an investor in startups Octonion (PIQ) and FinalPrice] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  20. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  21. ↑ Alexander Malakhov (2009-04-24). "Almaz Capital встал на программное обеспечение" [Almaz Capital embarked on software] (in Russian). Kommersant. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  22. ↑ "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 2019-02-17.CS1 maint: Unrecognized language (link)
  23. ↑ Igor Korolev (2011-05-24). "«Яндекс» привлек на бирже $1,3 млрд: кто продал и кто сохранил акции - СХЕМА" [Yandex attracted $1.3 billion: who sold and who kept the shares - SCHEME] (in Russian). CNews. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  24. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  25. ↑ Nadezhda Balovsyak (2011-01-07). "Skype acquires Russian project Qik". East-West Digital News. Retrieved 2019-02-17.
  26. ↑ "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 2019-02-17.CS1 maint: Unrecognized language (link)
  27. ↑ "Qik: зеленоградский стартап куплен Skype" [Qik: a startup from Zelenograd bought by Skype] (in Russian). Zelenograd.ru. 2011-02-24. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  28. ↑ "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 2019-02-17.CS1 maint: Unrecognized language (link)
  29. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  30. ↑ "Almaz Capital's Vyatta sold to US industry player". East-West Digital News. 2012-11-10. Retrieved 2019-02-17.
  31. ↑ Max Smolaks (2015-12-21). "Ingram Micro acquires Odin Service Automation platform from Parallels".
  32. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  33. ↑ Светлана Алексеева (2016-03-14). "Almaz Capital, IMI.VC и Impulse VC вышли из стартапа AppScotch". Firrma. Archived from the original on 2019-02-15. Retrieved 2019-02-17.
  34. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  35. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  36. ↑ 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 2019-02-17.CS1 maint: Unrecognized language (link)
  37. ↑ 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] (in Russian). Forbes. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  38. ↑ Ekaterina Zagorskaya (2017-05-03). "RuTaxi и Fasten объединились и привлекли менее $100 миллионов от UFG Private Equity" [RuTaxi and Fasten merged and attracted less than $ 100 million from UFG Private Equity] (in Russian). Firrma. Archived from the original on 2019-02-15. Retrieved 2019-02-17.CS1 maint: Unrecognized language (link)
  39. ↑ Ingrid Lunden (2018-11-27). "Canada's Corel is acquiring virtualization specialist Parallels in an all-cash deal". TechCrunch. Retrieved 2019-02-17.
  40. ↑ "Advisor team". Almaz Capital. Archived from the original on 2019-07-27. Retrieved 2019-02-17.

*Category:Companies based in California *Category:Venture capital firms of the United States *Category:Venture capital firms of Russia *Category:2008 establishments in Russia


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