# Veles Capital

> Veles Capital is a VC fund in Moscow backing Retail, Internet and E-Commerce. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Moscow, Russian Federation
- Total investments: 1
- Last investment: Jan 2015
- Lead investor: 0%
- Last updated: Aug 2026
- Website: http://www.veles-capital.ru/en
- Facebook: http://www.facebook.com/VelesCapital

Veles Capital is a VC fund in Moscow focused on Retail and Internet. Veles Capital (Investment Company Veles Capital LLC), one of the oldest investment companies in Russia, has been providing services to large-scale private and corporate investors on the equities market, specializing in direct investments and investments in real estate, since 1995. The company was founded by Dmitry Bugaenko and Alexei Gnedovsky, whohas been managing the company since its creation.With its long history Veles Capital had been participated in all stages of Russian financial market development. The company had passed two financial crises without open commitments and reputation damages thus gaining professional experience in different sectors of Russian market.As a result the company holds the opinion that speculative operations on financial market are less perspective than classical investments which are long term use of funds, generating stable income with the security of the base investment assets.“Real investments” according to Veles Capital are investments in business generating income to its owners; conservative strategies in equities market; real estate investments generating stable cash flow (rent income) Veles Capital believes that key factors of investment decision making proses are stability and predictability, especially in current market situation.Company’s reliability and creditability is acknowledged by authoritative rating agencies thus confirming the effectiveness of Veles Capital’s strategy.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 100% |
| Internet | 1 | 100% |
| E-Commerce | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hopscotch | Hopscotch is an online store offering insider access to baby and kids brands from around the world, at unbeatable prices. F | $10.8M | Series B | Jan 20, 2015 |  |

1 of 1 investments shown.

## Co-investors
- [Jabbar Internet Group](https://shizune.co/investors/profile/jabbar-internet-group) — VC Fund, 1 deal together
- [LionRock Capital](https://shizune.co/investors/profile/lionrock-capital) — VC Fund, 1 deal together
- [Rise Capital](https://shizune.co/investors/profile/rise-capital) — VC Fund, 1 deal together
- [Velos Partners](https://shizune.co/investors/profile/velos-partners) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Veles Capital invest in?

Veles Capital invests primarily in Retail, Internet and E-Commerce startups, most often at Series B stage. Most of the 1 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Veles Capital last invest?

The most recent investment recorded for Veles Capital closed in Jan 2015. Shizune tracks 1 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.

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