# Elbrus Capital

> Elbrus Capital is a VC fund in George Town backing Digital Marketing and News. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: George Town, Cayman Islands
- Total investments: 3
- Last investment: Dec 2021
- Lead investor: 67%
- Fund size: $550M
- Last fund: Feb 2014
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/elbrus-capital
- Website: http://elbcp.com

Elbrus Capital is a VC fund in George Town focused on Digital Marketing and News. Elbrus Capital Funds are CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquirecontrolling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development.Since the foundation, Elbrus Capital Funds have invested in 18 platforms across different industries, including the leading players in the digital area (HeadHunter, Mail.ru Group, CIAN Group), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management, Intercomp), private healthcare (National Medical Network), media (UTH, Vyberi Radio) and others.

## Contacts

5 contacts available for Elbrus Capital. Shizune tracks 4 team members at Elbrus Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/elbrus-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Digital Marketing | 2 | 67% |
| News | 1 | 33% |
| SaaS | 1 | 33% |
| Travel | 1 | 33% |
| Finance | 1 | 33% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 33% |
| Private Equity | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Russian Federation | 2 | 67% |
| Thailand | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Alexander Savin | Senior Partner | 1 | https://shizune.co/investors/profile/alexander-savin |
| Dmitri Krukov | Founder and Senior Partner | 2 | https://shizune.co/investors/profile/dmitri-krukov |
| Rob Thielen | Founder | 0 | https://shizune.co/investors/profile/rob-thielen-6981 |
| Rob Thielen | Senior Partner | 0 | https://shizune.co/investors/profile/rob-thielen |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Breffi | Breffi (BHL LLC) is your trusted partner in evidence-based pharmaceutical marketing. Since 2012, we have been building meaningful communication between pharmaceutical brands and the medical community, guided by data, technology, and deep industry expertise. At the heart of everything we do is a commitment to high ethical standards and the value ofinformation for healthcare professionals. We blend digital channels with traditional tools, develop our analytics platforms and CRM solutions — all to deliver marketing that’s transparent, measurable, and effective. |  | Venture - Series Unknown | Dec 29, 2021 |  |
| Aviasales | Aviasales is the leading travel metasearch company in Eastern Europe and Central Asia — allowing users to search for air tickets, hotel accommodation and car rental.In 2021 the company achieved a gross merchandise value (GMV) of over $1.6bn and held a market share in Russia of almost 20% of all air ticket sales. During 2021 the companyattracted a series B investment round worth $43m from iTech Capital and Elbrus Capital. Since it was founded in 2007 the company now employs around 500 staff in its main offices in Thailand and Russia.In addition to its main Aviasales brand, the company also has a B2B travel technology offering including Travelpayouts (a partnership platform) and Aviastats (revenue optimisation data for airlines). | $43M | Series B | Aug 04, 2021 |  |
| Banki.ru | Banki.ru, according to all rating systems in Russia, is the number one bank information website which is profitable and growing rapidly. The Company was founded in 2005. Today, the Company focuses on building a database for deposit information, mortgages, credit cards, consumer loans, car loans, business loans and others. This is the key valueproposition for the visitor as he does not need to search different websites but can find all the information he needs in one place. Users can send a request for all types of loans to the bank through the Banki.ru. The database is regularly monitored and updated every month.Banki.ru gives an opportunity to the visitors to write reviews about banks - Public Rating of Banki.ru, popular among Russians, consists of 30,000 clients' reviews. Banks in their turn quickly respond to the customers complaints in Public Ranking, solve their problems and answer the questions by means of Hot lines. Audience of Banki.ru is equal to over 1 million unique visitors per month. About 150-200 Russian banks place an advertisment on Banki.ru per year. In 2010 Russian investment fund Finam Capital invested Banki.ru, but its original founders still have a majority interest. In 2011 Banki.ru aquired Ukrainian site Banki.ua The auditor of the Company is Grant Thornton Russia. |  | Private Equity | Nov 10, 2020 |  |

3 of 3 investments shown.

## Co-investors
- [iTech Capital](https://shizune.co/investors/profile/itech-capital) — VC Fund, 3 deals together
- [Winter Capital](https://shizune.co/investors/profile/winter-capital) — VC Fund, 1 deal together

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## FAQ

### What does Elbrus Capital invest in?

Elbrus Capital invests primarily in Digital Marketing, News and SaaS startups, most often at Series B and Private Equity stage. Most of the 3 investments tracked by Shizune back companies in Russian Federation. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Elbrus Capital?

Public channels for Elbrus Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Elbrus Capital?

The team at Elbrus Capital includes Alexander Savin (Senior Partner), Dmitri Krukov (Founder and Senior Partner) and Rob Thielen (Founder). The Team section lists each member with their title, investment count and links.

### 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.

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