Russia-focused technology venture investor Almaz Capital has posted a US$102 million total for its second fund according to one of the company's securities filing.
One of the two founding partners, Alexander Galitsky is a reputed venture investor and serial entrepreneur who co-founed Almaz in 2007 alongisde Peter Loukianoff. Only Galitsky remains listed as founder on the firm's board of directors.
In September, the investment firm announced that Loukianoff sold his controlling stake in the company, retained a passive minority share and was leaving Almaz in order to "pursue new opportunities." Loukianoff will continue to serve on the board of Almaz portfolio company nScaled, the firm added.
Past issues concerning the fund involved Loukianoff suing Galitsky, the former claiming his partner allegedly begun raising funds using the Almaz name without including him.
Almaz was not available for a statement regarding the company's latest fund filing so it remains unconfirmed whether the amount garnered represents the final sum.
The Russian firm's first fund which totaled US$90 million closed in 2008, according to Reuters. Investors for the first fund included the European Bank and Reconstruction and Development and Cisco.
Almaz has made a few exits to date, most notably the Russian language search engine Yandex which is currently worth around US$10 billion.
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