Teaser Almaz_capital CMF. VC

1. Venture fund focused on innovative technological companies from Russia, CIS.
Established: 2008 | AlmazCapital.com
Placement: Russia, Moscow; USA, San-Francisco
Key facts
Top Russian venture fund:
- in top-5 venture capital funds in
Russia
Key investors are:
- Cisco
- International Financial Corporation
- European Bank for Reconstruction and
Development
Key numbers:
- $270 mln. under management
- $4-6 mln. average check
- 17 projects in current portfolio
- 4 exits
International сoverage:
- Represented in Silicion Valley
- Some projects are funded aloong with
top US funds, such as Greylock Partners
and Mohr Davidow Ventur
> Top-VC fund with strong
relationships with big investors
in Russia and USA
> Team consists of well-experienced and educated professionals
from different spheres of business and science
Team
Alexander Galitsky
- Managing
partner
- Board Member
of the
Skolkovo Fund
Geoffrey Baehr
- General
partner
- ex-top
manager in Sun
Microsystems
Pavel Bogdanov
- Managing partner
- on the boards of
Alawar Entertainment,
AlterGeo, Flirtic and
Nival
Charles Ryan
- General partner
- chairman of UFG
Asset Management
and a senior advisor
to Deutsche Bank
Ross Hangebrauck
- Managing
partner
- ex-start-up CEO
- ex-financial
advisor at Merill
Lynch
Daniil Stolyarov
- Investment
Director
- ex-investment
banker from
Renaissance
Source: Сrunchbas, Rusbase, Vedomosti, official site

2. The fund have good investment history, growing activity during last years
> The fund made 4 successful exits (the most successful is Yandex with 1000% profit), 32 deals,
most investments were made in early stages Source: Russbase, Forbes, Crunchbase
2 2
6
7
5
8
2
0510
0
10
20
30
40
50
60
70
80
2009 2010 2011 2012 2013 2014 Q1 2015
Numberofdeals
Investments,$mln.
Round E
Round C
Round B
Round A
Seed Round
Deals
2010 2011 2012 2013 2014 INV, mln $ EXIT, mln $ Buyer
Yandex 0,66 4,5 IPO
Qik 6,3 120-150 Skype
Vyatta 4 12-18 Brocade
nScaled 7 - Acronis
IPO
Acquisition
History of investments, split by round
Exits

3. The fund have diversified portfolio, 64% of investments were made in seed
or A round
First online travel company focused on
B2B corporate and B2C market
segments, offering package holidays
from 70 package tour
operators. Number of bookings grew
too slowly.
In April 2013 TravelMenu closed
and technology service was sold
to a rough estimate
of $ 80 thousand.
The biggest fail – Travel Menu
18%
46%
25%
7% 4% Seed Round
Round A
Round B
Round C
Round E
26%
16%
11%
21%
16%
5% 5% saas
games
social
consumer web
business
mobile
online education
Current portfolio
Portfolio analysis
Source: Сrunchbas, Rusbase, Vedomosti, The Village, RBC, Cossa
> There was only a single failure, investment portfolio is widely diversified by sectors
split by sector split by stage

4. > Current value of fund is $250-260 mln., the fund prefers to hold its share, focused on IT-
companies in Eastern Europe
0
50
100
150
200
250
300
2010 2011 2012 2013 2014 2015q1
Assets mln. $ Yearly inv.
Value of fund Strategy
Key criteria in search for companies :
- strong management team
- large market opportunities
- a proprietary technology
- defensible and sustainable competitive advantage
Other criteria:
- companies placed in Eastern Europe
According to the history of deals
- the fund prefers to hold its share in companies
during long term period
- have diversified portfolio
- focused on early and
expansion stage venture investments in high-
growth tech sectors
Press
Source: Сrunchbas, Rusbase, Vedomosti, The Village, RBC, Cossa
The fund have very good press portrait during its
history. Last articles in press:
- Petcube Raises $1.1 Million to Let Owners Interact
With Pets Remotely, The WSJ
- Successful Cloud Concept Comes in a Box: dogado,
Dell and Jelastic, Jelastic
The fund value increased last three years because trust in the fund`s
strategy and good historical performance

5. The team released this investment tizer (team 4)
Anna Petrova
- Deals analysis
- Exits analysis
Artem Nikulshin
- Fund valuation
- company research
Akim Nikitenko
- Press search
Lev Feofanov
- Deals analysis
- Company
analysis
Artur Kinyagulov
- portfolio
analysis
- Presentation
drawing