DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Almaz Capital
Almaz Capital
Institutional venture firmPortola Valley, CAalmazcapital.comSEC venture capital fund adviserone firm, 2 filing advisers
This firm files as 2 advisers on almazcapital.com: Almaz Capital Partners, Ltd. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
venture manager, reported GAV $104M across 4 vehicles
Importance
22
moderate
Active deployment
4
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
5
low
Identity and regulatory footprint
- Headquarters
- Portola Valley, CAadviserinfo.sec.gov
- Office address
- 3130 ALPINE ROAD, NO 413, Portola Valley, CA, 94028adviserinfo.sec.gov
- Business phone
- 650-644-4530adviserinfo.sec.gov
- Website
- HTTP://WWW.ALMAZCAPITAL.COM
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 28, 2026
- Private funds reported
- 4 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $65.6Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-644-4530adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- germany, usa
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 50%Other Technology 50%
lead rate 100%follow-on rate n/anew logos, 12 months 1
Funds and vehicles
4 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Almaz Esp, LP | SPV or co-invest vehicle · ADV: Other Private Fund | 2019 adv first reported | Mature | $7.8M Mar 27, 2024 | 4 | unknown | unknown |
| Almaz Hv, LP | SPV or co-invest vehicle · ADV: Other Private Fund | 2017 adv first reported | Harvest | $15.7M Mar 27, 2024 | 1 | unknown | unknown |
| Almaz Capital Affiliate II LP | Feeder or parallel | 2015 adv first reported | Harvest | $4.1M Mar 27, 2024 | 4 | unknown | unknown |
| Almaz Capital Russia Fund II, LP | Fund | 2013 form d first sale | Harvest | $75.9M Mar 27, 2024 | 41 | $102M of $102M | Jul 23, 2013 |
| Almaz Capital Fund III, LP | Fund | 2020 adv first reported | Wound down | $660,000 May 12, 2020 | 12 | unknown | unknown |
| Almaz Capital Affiliate III LP | Feeder or parallel | 2020 adv first reported | Wound down | $150,000 May 12, 2020 | 10 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 0 departed
Charles Emmitt Ryan
PartnerShareholder · since Feb 1, 2013
Geoffrey Baehr
PartnerShareholder-Partner · since Mar 1, 2013
Investments on record
2 edges, 2 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| nomagic.ai | portfolio listing | lead | unknown | unknown | unknown | Sep 14, 2026 | Fact Portfolio company websites (about, investors, press pages) |
| Sonarworks Investments, Inc. | board seat | unknown · board | Geoffrey Baehr (strongly supported) | unknown | unknown | Jan 8, 2025 | Inference SEC EDGAR Form D data sets (quarterly) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
3 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
9 dated events
- Mar 30, 2021Almaz Capital Fund III, LP no longer reported on Form ADV by Almaz CapitalFund no longer reportedFundsInferenceAlmaz Capital Fund III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2021Almaz Capital Affiliate III LP no longer reported on Form ADV by Almaz CapitalFund no longer reportedFundsInferenceAlmaz Capital Affiliate III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 12, 2020Almaz Capital Fund III, LP first reported on Form ADV by Almaz Capital (Venture Capital Fund), GAV $660,000Fund first reported on Form ADVFundsFactAlmaz Capital Fund III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 12, 2020Almaz Capital Affiliate III LP first reported on Form ADV by Almaz Capital (Venture Capital Fund), GAV $150,000Fund first reported on Form ADVFundsFactAlmaz Capital Affiliate III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2019Almaz Esp, LP first reported on Form ADV by Almaz Capital (Other Private Fund), GAV $10,600,000Fund first reported on Form ADVFundsFactAlmaz Esp, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2017Almaz Hv, LP first reported on Form ADV by Almaz Capital (Other Private Fund), GAV $5,000,000Fund first reported on Form ADVFundsFactAlmaz Hv, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 26, 2015Almaz Capital Affiliate II LP first reported on Form ADV by Almaz Capital (Venture Capital Fund), GAV $5,306,897Fund first reported on Form ADVFundsFactAlmaz Capital Affiliate II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2014Almaz Capital first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2014Almaz Capital Russia Fund II, LP first reported on Form ADV by Almaz Capital (Venture Capital Fund), GAV $124,397,872Fund first reported on Form ADVFundsFactAlmaz Capital Russia Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $104M across 4 vehicles
Evidence
50 observations from 3 sources