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    Baring Vostok

    Moscow, RussiaFounded 1994

    Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. Founded in 1994, the firm has invested over $1.8 billion in more than 60 companies, with notable early investments in Yandex and Ozon. Following Russia's 2022 invasion of Ukraine, the firm began exiting the Russian market and pivoting to emerging-market opportunities outside Russia under the Baring Ventures brand.

    They made 1 investment in the last 12 months. Average disclosed round size is $129.4M (across 22 rounds with reported amounts).

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    Portfolio

    19

    Fund Size

    $1.1B

    Top Stage

    Unknown

    Last 12 Mo

    1

    Team

    HN

    Holly Nielsen

    Partner

    IS

    Igor Samsonov

    Partner

    ML

    Maxim Loginov

    Partner

    MC

    Michael Calvey

    Founder and Co-Senior Partner

    AU

    Artem Udalov

    Investment Director

    MV

    Matvey Vinokurov

    Investment Director

    VV

    Vasily Veldyaksov

    Investment Director

    DP

    Dmitriy Piskorsky

    Investment Manager

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    23 investments
    CompanyRoundAmountDate
    Tonik logoTonikSeries B$12MDec 2025
    Kodland logoKodlandSeries A$9MJan 2022
    Food Rocket logoFood RocketSeed$2MMay 2021
    EBAC Online School logoEBAC Online SchoolSeries A$11MJan 2021
    MMuverUnknown$1.2MJan 2021
    IIVISeries D$250MJan 2021
    SKB Kontur logoSKB KonturUnknown$1.5BJan 2020
    DOC+ logoDOC+Seed—Aug 2018
    DOC+ logoDOC+Series B$5MJun 2017
    Busfor logoBusforGrowth$20MOct 2016
    Ozon logoOzonUnknown$150MJan 2014
    Ivi.ru logoIvi.ruSeries C$40MSep 2012
    IIVIUnknown$40MJan 2012
    Avito logoAvitoGrowth$75M—
    AAvito.ruSeed$75M—
    Voximplant logoVoximplantSeries B$10M—
    TTinkoff Credit SystemsUnknown$200M—
    GetCourse logoGetCourseUnknown$50M—
    RRenaissance InsuranceUnknown$250M—
    DOC+ logoDOC+Series A$5.5M—
    CarPrice logoCarPriceSeries B$40M—
    CarPrice logoCarPriceSeed$2M—
    OOzon.ruUnknown$100M—

    Top Co-Investors

    Last updated: 20 October 2026