Almaz Capital focuses on disruptive deep tech companies in b2b software space, including AI/ML and Blockchain applications, IoT and Edge Computing Enablers, Cybersecurity, etc.

[2] Almaz Capital's partners are Alexander Galitsky, Geoffrey Baehr, Pavel Bogdanov, Charles E. Ryan and Aniruddha Nazaré.

In 2004, Cisco approached Alexander Galitsky, former scientist and technological entrepreneur who was appointed as president of the first Tech Tour [3] in East Europe — a specialized forum in which international investors visited countries with growing venture markets and got to know local startups,[4] and offered him financing to establish a venture fund to invest into East European startup companies.

In an interview for the Vedomosti newspaper, Galitsky noted that Almaz Capital II attracted money from several family offices.

[5][6][7] The second fund excluded Russia’s originated companies from the list of new investments and expanded the geography of its activity to cover not only CIS countries but also some regions of East Europe.