Top 10 Hardware Startup Investors in Belarus (July 2026)

Kirill Voloshin is the Co-Founder of TUT.BY. He was a Co-Founder at Hoster.by. He attended NIMA, Nederlands Instituut voor Marketing.

Investment focus

Industry: Mobile Apps, Software, Education
Stage:Pre-Seed, Seed, Series A
Geography: United States, Belarus, Cyprus

Investor stats

Total investments: 18
Round size: Seed $2M–$2.4M; Pre-Seed $265k–$660k
Lead/follow: 6% lead, 94% follow

Portfolio highlights

VOCHI (acq. by Pinterest) — Made for creative video editing
Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
Cashew — Cashew is a platform for banks and merchants that enables payments through mobile banking application with Point-of-Sale financing functionality. Cashew allows banks to easily upgrade their mobile applications and turn them into payment tools with value-added services for their customers thereby to initiate online and offline purchases andprovide bank's clients with point-of-sale financing.Thanks to direct payments to lower commission for transaction to 0.5%.

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

Investment focus

Industry: Software, Information Technology, Artificial Intelligence
Stage:Seed, Pre-Seed
Geography: United States, Russian Federation, United Kingdom

Investor stats

Total investments: 103
Round size: Seed $30k–$3.4M; Pre-Seed $31k–$621k
Lead/follow: 3% lead, 97% follow

Portfolio highlights

Renova — AI-driven no-code platform for insurance industry.
SoMin.ai — A unique SaaS solution designed to supercharge and automate your digital ad performance through the power of Artificial Intelligence.
inspace — inspace is the innovative platform that streamlines workplace management and optimizes space utilization. Elevate your workplace experience with inspace.

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BRISE Capital is a family office specialized in MarTech and E-commerce verticals, SaaS and Marketplace business models. We help teams according to their current needs starting from business idea clarification and strategy planning till raising Round A. Also, we practice a hands-on approach in most cases when one of the partners can be deep insideof a chosen project. BRISE operates in Ukraine and scouts local teams with regional and global ambitions. Our typical ticket is in the range of 50k-75k USD. And our goal is to add 5-7 new companies annually. Currently, we have 10 portfolio companies among which are Finmap, VOCHI, Getpin, Workee, Disqover, and others.

Investment focus

Industry: E-Commerce, Advertising, SEO
Stage:Pre-Seed, Seed
Geography: Ukraine, Belarus, Estonia

Investor stats

Total investments: 8
Round size: Seed $350k–$2.4M; Pre-Seed $253k–$600k
Lead/follow: 50% lead, 50% follow

Portfolio highlights

VOCHI (acq. by Pinterest) — Made for creative video editing
Finmap — Finmap is financial management tool that allows business owners to see the state of their company without special knowledge of finance and studying of complex systems. By using 3 simple buttons - income, outcome and transfer - all analytics appears in a few clicks at a glance: how much the company earned, which projects more profitable, astatement of cash flows, accounts receivable and payable of the company. Finmap makes it possible to see the business situation on one sheet, removes chaos in financial management and gives the business owner the opportunity to make the right decisions
Workee — Workee is a back-office for freelancers. We are helping appointment led professionals (such as coaches, health experts, tutors, lawyers) to manage their accounting, invoices, client and work management in one place out of the box. We save at least 4 hours per week and at least $200-$400 per month.

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TA Ventures is a global, network-driven VC firm investing in early-stage tech startups that redefine the industries of tomorrow. We typically write initial checks of $100-250K for Pre-Seed and Seed companies and actively provide follow-on investments. We pride ourselves on swift execution, hands-on support, and leveraging our extensiveinternational network. By connecting our portfolio companies with growth-oriented co-investors, we help them scale effectively through subsequent funding rounds. Additionally, we draw on our deep industry expertise to offer portfolio companies and partner VCs access to top-tier, cost-efficient R&D talent.

Investment focus

Industry: E-Commerce, Software, Health Care
Stage:Seed, Series A, Pre-Seed
Geography: United States, Germany, India

Investor stats

Total investments: 200
Round size: Seed $580k–$6.4M; Pre-Seed $150k–$3M; Series A $2.5M–$24M
Lead/follow: 7% lead, 93% follow
Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

MoonPay — MoonPay offers a fast and simple way to buy and sell cryptocurrencies. Buy crypto with credit card, bank transfers or Apple Pay today.
Blossom Health —
SpeedLabs — SpeedLabs is a real-time market engine for sports and creates and prices new markets in seconds.

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A.Partners invests globally in early-stage startups. We believe that successful business models arise in different regions often simultaneously and we can leverage this phenomenon. Nonetheless, we are especially keen on emerging markets, such as LatAm, MENA, and SEA.

Investment focus

Industry: Education, EdTech, Software
Stage:Seed, Pre-Seed
Geography: United States, Russian Federation, Mexico

Investor stats

Total investments: 18
Round size: Seed $1.1M–$6.4M; Pre-Seed $700k–$700k
Lead/follow: 0% lead, 100% follow

Portfolio highlights

InTone — We Reduce Accent. In a single click.
Refocus — Making people in SEA master new skills from scratch and land their first job in IT
Crabi — Full stack, digital car insurance

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Yuri Gurski has been building international IT and media businesses for more than 15 years as an executive, entrepreneur, investor, and startup mentor. Yuri is acclaimed for his extraordinary number of business exits: the firms that Yuri funded and advised have been acquired by Google, Facebook, Farfetch, Playtech.Yuri is a Co-founder & CEOat Palta, a health & well-being technology company led by entrepreneurs on a mission to create a global positive impact. Across its consumer-centric health products, Palta already has more than 300 million users in apps like Flo, Simple, Zing, and others. It has also set an ambitious goal to empower more than 1 billion health-aware people with innovative health and wellness products. Headquartered in London with offices also in Vilnius, Limassol, and Warsaw, Palta has over 800 employees across its product companies. In 2021, Palta raised $100 million in a Series B funding round led by Per Brillioth at VNV Global, with the participation of Target Global and other existing and new investors. Yuri Gurski is a distinguished MBA alumnus of Kozminski University (in Warsaw/Poland). Yuri has received numerous awards, including Belarus Entrepreneur of the Year (2010 and 2011); Startup Mentor of the Year (2014), and Best Belarusian Entrepreneur Under 40 (2016).

Investment focus

Industry: Artificial Intelligence, Women's, Software
Stage:Seed, Pre-Seed, Series A
Geography: United States, Poland, Belarus

Investor stats

Total investments: 11
Round size: Seed $840k–$5.5M; Series A $7.5M–$12M
Lead/follow: 9% lead, 91% follow

Portfolio highlights

AIMatter — Photo & Video Segmentation, Style Transfer, Face Tracking, Facial Landmark Detection, 3D Landmarks, De-noise, De-blur, Face warping.
MAPS.ME — MAPS.ME (MapsWithMe) are offline maps of the whole world. Map of the USA: New York, San Francisco, Washington. France Paris. Italy: Rome, Venice, Florence, Rimini. Spain: Barcelona, Madrid. Japan, Great Britain, Turkey, Russia, India. For Android and iOS devices.
Masquerade — Masquerade allows users to record video selfie animations, change the way you look and send it to friends via your favorite messengers and social networks.

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Flyer One Ventures is an international early-stage venture capital firm focused on early-stage startups from CEE region. The fund invests in future-proof startups, founded by exceptional teams, and operating on global markets worth more than $10 billion. Flyer One Ventures funds startups in Mobile, Health Tech, EdTech, Fitness & Wellness, B2BSaaS, Gaming, FoodTech, and AI/ML industries and helps them scale on international markets. Founded by the co-founder of BetterMe and supported by Genesis Tech, Flyer One Ventures has deep expertise in Digital Marketing, Product, PR, Branding, and Recruiting. Along with the financial investment, Flyer One Ventures actively supports its portfolio companies, helping them optimize Digital Marketing campaigns, hire R&D staff, build user-friendly products, and fundraise Series A and Series B rounds. Flyer One Ventures' ultimate goal is to support early-stage startups in the geographies with low access to early financing and help them become global leaders by mentorship and daily support.

Investment focus

Industry: Software, Artificial Intelligence, Information Technology
Stage:Seed, Pre-Seed, Series A
Geography: United States, Cyprus, United Kingdom

Investor stats

Total investments: 87
Round size: Seed $550k–$8M; Pre-Seed $455k–$1.6M; Series A $1M–$15M
Lead/follow: 24% lead, 76% follow
Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

GRAI — GRAI is an AI music research company building the intelligence layer for musical intent — transforming music from passive listening into social participation.
Tower.dev — Data flow orchestrator for pipelines and agents with optional data management in Iceberg-based lakehouses
Cooper Pet Care — Just Russel honden- en kattenvoeding op maat. Op basis van ras, leeftijd, gezondheid en gewicht. Makkelijker voor jou, beter voor je huisdier!

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Belarusian tech entrepreneur and investor. Founded MAPS.ME (sold to Mail.Ru Group, November 2014) and AIMATTER (sold to Google, August 2017). In 2018 Yuri, together with his partner Andrey Avsievich, launched Bulba Ventures, Belarus-based startup investment company. Bulba Ventures will focus on Belarusian and ready-to relocate to Minsk startupswith a strong competitive edge and technical excellence in machine learning.

Investment focus

Industry: Artificial Intelligence, Software, Computer Vision
Stage:Seed, Pre-Seed, Series A
Geography: Belarus, Lithuania, Singapore

Investor stats

Total investments: 8
Lead/follow: 63% lead, 37% follow

Portfolio highlights

OneSoil — OneSoil helps agricultural professionals monitor their fields and help them increase their yields. OneSoil builds mobile and web apps that use satellite imagery for agricultural analytics and provides field insights for farmers and agricultural consultants.
WANNA — Virtual Try On solutions for fashion industry.
AIMatter — Photo & Video Segmentation, Style Transfer, Face Tracking, Facial Landmark Detection, 3D Landmarks, De-noise, De-blur, Face warping.

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ICLUB VC is a global network of private investors, established by a leading European VC fund TA Ventures.

Investment focus

Industry: Software, Health Care, Food and Beverage
Stage:Seed, Venture - Series Unknown, Pre-Seed
Geography: United States, United Kingdom, France

Investor stats

Total investments: 19
Round size: Seed $10k–$8.2M
Lead/follow: 5% lead, 95% follow

Portfolio highlights

Liki24 — Liki24 is a logistics company that features a software platform that utilizes deep integration with partner pharmacies, clinics, and insurance companies. Its software is designed for logistics team coordination, task management, and data management.
Cube3.ai — CUBE3.AI is a web3 security platform that provides real-time transaction protection for smart contracts, safeguarding against cyber exploits, fraud, and compliance risks.
Berry Street — Get personalized nutrition therapy from registered dietitians, covered by your insurance. Book an online 1:1 session today.

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