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Top 10 Marketplace VC Funds & Investors in Belarus (October 2026)

The most active venture capital funds investing in Belarus Marketplace startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belarus Marketplace startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
RBF Ventures
VC Fund
2 United States, Russian Federation, Belarus Seed, Pre-Seed, Series A SaaS, Local, Video $430k–$500k
JOINT JOURNEY
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $30k–$4.1M
Network VC Syndicate Fund
VC Fund
1 United States, Israel, Belarus Seed, Series A, Series B Software, Artificial Intelligence, Machine Learning $232k–$27M
Activat VC
VC Fund
1 United States, Kazakhstan, Uzbekistan Seed, Pre-Seed Software, Artificial Intelligence, SaaS $80k–$2M
VEB Ventures
VC Fund
1 Russian Federation, United States, Belarus Venture - Series Unknown, Seed, Series A Software, Transportation, Artificial Intelligence $2M–$35M
Smart Partnership Capital.
VC Fund
1 United States, United Kingdom, Belarus Seed, Pre-Seed, Series A SaaS, Software, Marketing Automation $700k–$2.4M
The Untitled Venture Company
VC Fund
1 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Analytics $100k–$1.6M
Advance Capital
VC Fund
1 Belarus Seed DIY, Software, Home Improvement
Network.VC
VC Fund
1 United States, Israel, Ukraine Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $350k–$22M
Fores Ventures
VC Fund
1 United Kingdom, Russian Federation, Canada Seed, Series A E-Commerce, Delivery, Grocery $1.2M–$28M
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Investor list

RBF Ventures
VC Fund · Minsk, Minsk, Belarus · 2 investments in Belarus Marketplace startups

RBF Ventures is the first venture fund in Belarus. Managing partners are Belarusian Innovation Fund and RVC Infrafund. Investment focus of the fund is technological startups at the seed stage and the growth stage (Series A-B).

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Investment focus

  • Industry: SaaS, Local, Video
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, Belarus

Investor stats

  • Total investments: 6
  • Round size: Seed $430k–$500k
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • APIBank — APIBank is an open banking platform for creating digital ecosystems and the interaction of banks with fintech and non-financial companies. The platform is used to create embedded financial instruments that are complex, hybrid banking products. It standardizes the data exchange process between banks and non-financial companies. The platform is a"one window" through which a bank can work with different companies, as well as companies cooperate with different banks through a single interface.APIBank was founded in 2018 and is based in Moscow, Russia.
  • Cinemood — Cinemood museum and new announces blog. Click to read Cinemood Blog, by Mike Bukhovtsev, a Substack publication. Launched 4 days ago.
  • DentalPro — DentalPro solution is a dental clinic information system with a marketplace for additional integrations. Ready-to-use business processes, ranging from treatment plans to the initiation of advertising campaigns. Patients, administrators, doctors, coordinators, and managers are all involved.
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JOINT JOURNEY
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Belarus Marketplace startups

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

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Investment focus

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

Investor stats

  • Total investments: 120
  • Round size: Seed $40k–$4.1M; Pre-Seed $30k–$621k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Renova — AI-driven no-code platform for insurance industry.
  • Whizz — Whizz is a provider of subscription-based rental services intended to offer monthly rental of last-mile vehicles to delivery drivers. The company also provides technical service and support during the entire subscription period enabling users to rent a handheld vehicle without having to worry about maintenance and repair. Whizz's e-bikes aredesigned to make delivery fast and easy.
  • inspace — inspace is the innovative platform that streamlines workplace management and optimizes space utilization. Elevate your workplace experience with inspace.
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Network VC Syndicate Fund
VC Fund · Hermosa Beach, California, United States · 1 investments in Belarus Marketplace startups

Venture Funds and Operating System for Independent VC Professionals. Join as a partner and invest in great startups.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, Israel, Belarus

Investor stats

  • Total investments: 38
  • Round size: Seed $232k–$2M; Series A $6.1M–$22M; Series B $20M–$27M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Zibra AI — Zibra Liquids is a real-time and cross-platform physically correct fluid simulation plugin for game developers
  • NameCoach — NameCoach is a platform for cultural and gender inclusion, which empowers organizations to easily collect audio name recordings, gender identity, and other identity-related info via customized links or widgets - and embed this critical info in online systems through a web application, API, and 3rd party integrations. It was founded in 2014 and isbased in Palo Alto, California.
  • Mesh — Mesh enables safer, easier crypto transfers and payments from 300+ leading exchanges and wallets, all without leaving your platform
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Activat VC
VC Fund · 1 investments in Belarus Marketplace startups

Venture Fund

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: United States, Kazakhstan, Uzbekistan

Investor stats

  • Total investments: 28
  • Round size: Seed $250k–$2M; Pre-Seed $80k–$2M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Behype — Behype is a marketplace platform that help the creators to create content, promoting and advertising projects.
  • Aino — Aino is a location intelligence tool that enables businesses to analyze spatial data in just minutes. Aino saves hundreds of hours on data work for real estate, retail, urban planning, and geo-marketing companies.
  • MoonAI Inc — MoonAI enables businesses to deploy no-code AI agents—referred to as “AI salespersons”—within one day, with no installation cost. These agents automate lead qualification, escalate warm leads to managers, schedule meetings, and integrate with CRMs, messaging platforms.The solution operates 24/7, supports multiple languages (includingRussian, English, and informal Kazakh), and processes customer interactions in just seconds. It has helped companies double the volume of processed inquiries, reduce response times from minutes to seconds, and even autonomously close a portion of leads—all while reducing sales team workload and improving customer satisfaction.
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VEB Ventures
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Belarus Marketplace startups

VEB Ventures fund was established by Vnesheconombank at the end of 2011 to invest in high technology projects of the Skolkovo Foundation.Key strategic goals of the Fund include support of the Russian government´s innovation programs, creation of innovation infrastructure in Russia, facilitation of advanced technologies transfer to Russia, andpromotion of Russian innovations on the global market.

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Investment focus

  • Industry: Software, Transportation, Artificial Intelligence
  • Stage:Venture - Series Unknown, Seed, Series A
  • Geography: Russian Federation, United States, Belarus

Investor stats

  • Total investments: 16
  • Round size: Seed $2.3M–$3.5M; Series A $2M–$8.9M; Venture - Series Unknown $5.2M–$35M
  • Lead/follow: 69% lead, 31% follow

Portfolio highlights

  • Zyfra — We are IIoT & AI solutions provider. No hype, but the real thing.
  • Profilum — Profilum is an educational technology company that offers innovative career counseling methodologies and IT solutions to teenagers. The company is working on a service that will help school-age children determine the best educational and professional path for them. They assist teenagers in recognizing new opportunities and selecting appropriateprofessions, and parents assist them along the way. It helps schools build systematic professional navigation work and get high results.
  • Urent — Micro-mobility company based in Russia with 30k scooters. Urent is an e-scooter and bike-sharing service provider of e-scooter and bikes for public transportation and urban mobility.
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Smart Partnership Capital.
VC Fund · Wilmington, Delaware, United States · 1 investments in Belarus Marketplace startups

Smart Partnership Capital is a venture capital fund. We invest in top-notch founders with global ambitions and projects, which solve real problems using technology.

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Investment focus

  • Industry: SaaS, Software, Marketing Automation
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Belarus

Investor stats

  • Total investments: 12
  • Round size: Seed $700k–$2.4M; Pre-Seed $704k–$1.7M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely actively investing — fresh fund, raised $2.7M in 2026

Portfolio highlights

  • Chatfuel — Chatfuel is the leading no-code chatbot platform trusted by 7m+ businesses. Acquire new customers, increase sales, and automate support
  • Litero AI — Litero helps you research, write, cite, and polish. Effortlessly.
  • Global Work — Explore 500k+ verified remote, hybrid, and local jobs worldwide. Find your ideal role, compare opportunities, and apply on globalwork.ai!
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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 1 investments in Belarus Marketplace startups

the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 25
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • VAMA — VAMA is a one-stop virtual platform that provides easy access to e-pujas, e-darshans, and astrology services, to devotees from across India and the world.
  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
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Advance Capital
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Belarus Marketplace startups

Advance Capital is the players in the investment banking market for medium-sized companies in Russia and the CIS. We specialize in mergers and acquisitions, investor involvement, financial advisory and direct investment.

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Investment focus

  • Industry: DIY, Software, Home Improvement
  • Stage:Seed
  • Geography: Belarus

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
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Network.VC
VC Fund · San Francisco, California, United States · 1 investments in Belarus Marketplace startups

Venture Funds and Operating System for Independent VC Professionals. Join as a partner and invest in great startups.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Israel, Ukraine

Investor stats

  • Total investments: 106
  • Round size: Seed $1M–$9M; Pre-Seed $350k–$650k; Series A $6.5M–$22M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Swarmer — Swarmer is an AI based mission control center for coordinated drones that acts as Firmware for video streaming, logging and monitoring.
  • Peppr AI — Peppr listens to your calls and surfaces the right answer before your customer finishes asking.
  • Afternoon — Afternoon.co empowers founders with real-time financial metrics and automated bookkeeping, reducing administrative tasks for brands.
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Fores Ventures
VC Fund · Madrid, Madrid, Spain · 1 investments in Belarus Marketplace startups

We help entrepreneurs grow their business using our expertise, network and money

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Investment focus

  • Industry: E-Commerce, Delivery, Grocery
  • Stage:Seed, Series A
  • Geography: United Kingdom, Russian Federation, Canada

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$9.1M; Series A $10M–$28M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tiggy — 15 minute grocery delivery on a mission to forever change the way we buy everyday essentials. Now live in Vancouver
  • Getfaster — GetFaster is an opportunity to buy food, drinks, household chemicals, household goods and everything that you buy in hypermarkets without leaving home.
  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
Show all investments...

Marketplace VC funding in Belarus at a glance

Stats across 11 deals from 14 investors.

14
investors
in Belarus Marketplace startups
11
deals
in Belarus Marketplace startups
$500k
median round
in Belarus Marketplace startups
50%
lead investors
lead at least one round
36%
Seed
most common funding stage

Access all 14 VC funds in Belarus Marketplace startups.

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