Angelico Ventures

Angelico Ventures

Angelico Ventures places Seed and early Startup investments in Russian-founded technology companies, focusing on the gap left by Western venture pullback since 2022. The firm's strategy spans general Venture, with a preference for product-stage teams that have progressed beyond concept and need first institutional capital to scale. Geographically, Moscow anchors the portfolio, though deal flow extends into CIS markets where Russian-speaking founders operate. Deployment concentrates on direct equity rounds in the $200,000 to $1 million range, with the firm positioned as lead or co-lead for unproven but technically sound founding groups. The asset-class mix is concentrated in Venture (General), though the specific sector tags remain unconfirmed in public disclosures. The firm's structural setup mirrors the rise of locally-funded micro VCs that emerged as international LPs withdrew mandatory allocations to the region. Team size and partnership structure are not publicly detailed. No adjacent vehicles, philanthropic foundations, or operating companies are cited in public record as of mid-2026. The firm maintains a deliberately low profile, with no corporate website or social presence captured, consistent with many Moscow-based investment boutiques that rely solely on founder networks and referrals. Angelico's structural differentiator is situational: it allocates where few Western VC firms now tread. This creates a protected sourcing model — domestic founders with limited international alternatives, and a mandate untethered from global LP sentiment. The firm's architecture remains opaque, suggesting a single-GP or tight partnership without the governance complexity of multi-backer institutional vehicles.