# Dmitry Stepanov

> Dmitry Stepanov is a pre-seed investor at AAL VC (Moscow) backing B2B and SaaS. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [AAL VC](https://shizune.co/investors/profile/aal-vc)
- Location: Moscow, Russian Federation
- Total investments: 4
- Last investment: Mar 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/stepa/?originalSubdomain=ru
- X (Twitter): https://twitter.com/stepa
- Website: https://aal.vc
- Facebook: https://www.facebook.com/dmitriy.stepanov/

Dmitry Stepanov is a pre-seed investor at AAL VC in Moscow focused on B2B and SaaS. GP in AAL VC, LP in s16vc VC, ex-CMO of Yandex, ex-CEO of Yandex media services (Kinopoisk, Yandex.Afisha, Yandex.Music), curator of the Yandex hub in Armenia, serial entrepreneur (Afisha Picnic, Sports.ru, Journey event agency, FRAM travel club), angel investor (Beri Zaryad, Best Doctor, Wowworks, Yasno, iFarm, Chatfuel, etc.), member of theboards of the charitable foundations Helping Hand and Hume, expert at the Skolkovo Business School, lecturer at Universal University.

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $50k–$4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| B2B | 1 | 25% |
| SaaS | 1 | 25% |
| Internet | 1 | 25% |
| Automotive | 1 | 25% |
| IT Infrastructure | 1 | 25% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 2 | 50% |
| Seed | 1 | 25% |
| Series A | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 1 | 25% |
| Russian Federation | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| xmemory | xmemory is an AI‑focused startup working on advanced, structured memory architectures for AI agents and large‑language‑model (LLM) systems. It provides a specialized AI infrastructure layer that enables AI agents to transition from stateless to stateful by implementing a structured, hierarchical memory architecture. | $4M | Pre-Seed | Mar 18, 2026 |  |
| CARL | SaaS platform for the automotive market | $1M | Seed | Jul 12, 2021 |  |
| CARL | SaaS platform for the automotive market | $1M | Series A | Jul 12, 2021 |  |
| CARL | SaaS platform for the automotive market | $50K | Pre-Seed | Apr 03, 2020 |  |

4 of 4 investments shown.

## Co-investors
- [33East](https://shizune.co/investors/profile/33east) — VC Fund, 2 deals together
- [Begin Capital](https://shizune.co/investors/profile/begin-capital) — VC Fund, 2 deals together
- [Fly Ventures](https://shizune.co/investors/profile/fly-ventures) — VC Fund, 2 deals together
- [AVENIR](https://shizune.co/investors/profile/avenir-8d3b) — VC Fund, 1 deal together
- [Avenir Foundation](https://shizune.co/investors/profile/avenir-foundation) — VC Fund, 1 deal together
- [Inovia Capital](https://shizune.co/investors/profile/inovia-capital) — VC Fund, 1 deal together

## About AAL VC

VC Fund · Vancouver, Canada

AAL VC is a VC fund founded by a team of experienced technologists and operators and built on top of a diverse tech community of LPs and experts. AAL VC invests in Seed+ companies across North America and Europe, with a focus on deeply technical founders buidling in AI/ML, devtools, cloud, infra, and open source.

2 contacts available at AAL VC.

| Name | Title | Profile |
| --- | --- | --- |
| Dmitry Stepanov | General Partner | https://shizune.co/investors/profile/dmitry-stepanov |
| Eugene Mikhaylov | GP | https://shizune.co/investors/profile/eugene-mikhaylov |

## Similar investors

### Similar industry
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

### Similar country
- [Moscow Seed Fund](https://shizune.co/investors/profile/moscow-seed-fund) — VC Fund
- [PULSAR](https://shizune.co/investors/profile/pulsar-venture-capital) — VC Fund
- [Softline Venture Partners](https://shizune.co/investors/profile/softline-venture-partners) — VC Fund

## Featured in investor lists
- [All Angel Investors in Russian Federation](https://shizune.co/investors/angel-investors-russian-federation)
- [Automotive Angel Investors in Russian Federation](https://shizune.co/investors/automotive-angel-investors-russian-federation)
- [Consumer Angel Investors in Russian Federation](https://shizune.co/investors/consumer-angel-investors-russian-federation)
- [Transportation Investors in Russian Federation](https://shizune.co/investors/transportation-investors-russian-federation)
- [Transportation Angel Investors in Russian Federation](https://shizune.co/investors/transportation-angel-investors-russian-federation)
- [Automotive Angel Investors](https://shizune.co/investors/automotive-angel-investors)

## FAQ

### What does Dmitry Stepanov invest in?

Dmitry Stepanov invests primarily in B2B, SaaS and Internet startups, most often at Pre-Seed and Seed stage. Most of the 4 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Dmitry Stepanov's check size?

Dmitry Stepanov typically joins rounds of $50k–$4M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Dmitry Stepanov participates in.

### When did Dmitry Stepanov last invest?

The most recent investment recorded for Dmitry Stepanov closed in Mar 2026. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co