# Bulba Ventures

Bulba Ventures is a Venture Capital based in Minsk, Belarus.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Minsk, Belarus
- **Region:** Europe
- **Address:** Minsk, Belarus
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** bulbaventures.com
- **LinkedIn:** https://www.linkedin.com/company/bulba-ventures

## Regulatory record

- **Reports private funds:** No

## About

Bulba Ventures is an investment company focused on Belarusian and Minsk-based startups with a strong competitive edge and technical excellence. It concentrates on machine learning startups at the intersection of the real economy and IT, health, and life science. The firm has made 10 investments, including a Series A investment in OneSoil on April 21, 2021, and has facilitated 2 portfolio exits, with the latest being Wanna on April 05, 2022.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Deep Tech
- Robotics & Automation

## Offices

- Moscow, Russia

## People

- Ivan Charnyshou — Managing Partner
- Vladimir Poulikov — General Partner

## Questions

### Who leads investment decisions at Bulba Ventures?

Managing Partner Ivan Charnyshou and General Partner Vladimir Poulikov jointly lead deal selection. Both have prior investing experience in Eastern European venture markets.

### What investment stages does Bulba Ventures typically target?

The firm mostly leads or co-leads seed and Series A rounds. Ticket sizes commonly fall between $200K and $2 million per company.

### Does Bulba Ventures focus on any particular sectors?

Yes — enterprise software, AI/ML, and fintech are core verticals. The firm also explores deep tech and robotics startups from the region.

### How does Bulba Ventures source deal flow?

The firm draws on a network of local accelerators, university spinouts, and co-investment relationships with other Eastern European VCs like Flint Capital and Runa Capital.

### Where does Bulba Ventures invest geographically?

The primary focus is Belarus, with additional activity in Moscow and adjacent markets such as Ukraine and Poland. The firm rarely invests outside Eastern Europe.

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- [Sovereign Health System](https://altss.com/profile/sovereign-health-system)
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Last updated: 2026-06-03T20:00:00.000Z

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