# Sverdlovsk Venture Fund

Sverdlovsk Venture Fund is a Venture Capital based in Yekaterinburg, Russia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Yekaterinburg, Russia
- **Region:** Europe
- **Address:** Yekaterinburg, Sverdlovsk Region, Russia
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The Sverdlovsk Venture Fund is a public-private partnership established in 2006 by the Ministry of Economic Development and the Government of the Sverdlovsk Region. It focuses on venture investments in small scientific and technical enterprises in the Sverdlovsk Region. The fund has made one investment, in Zibus, on October 19, 2017.

## Sectors

- Industrial Tech
- Enterprise Software

## People

- Denis Skomorokhov — Director and CEO
- Eduard Shumakov — Head of the Accelerator

## Questions

### Who runs investment decisions at the Sverdlovsk Venture Fund?

Denis Skomorokhov serves as Director and CEO and is the primary decision-maker for the fund's investment activities. Eduard Shumakov leads the fund's accelerator program, which operates as the main deal-sourcing pipeline for early-stage companies. The fund's strategic alignment is overseen in coordination with the regional government under Governor Yevgeny Kuivashev.

### How is the Sverdlovsk Venture Fund connected to the regional government?

The fund was established through development agreements signed by Yevgeny Kuivashev, the Governor of the Sverdlovsk Region. This makes the fund an instrument of regional industrial policy, tasked with commercializing technology developed within the region's universities and research institutions. Its mandate is explicitly tied to the economic development roadmap of the Sverdlovsk Region.

### What is the Universitetsky Technopark and how does it relate to the fund?

The Universitetsky Technopark is a commercial innovation hub in Yekaterinburg affiliated with the fund. It houses resident startups and provides shared R&D infrastructure, reducing capital expenditure for early-stage companies. The technopark functions as both a pipeline for the fund's accelerator program and a resource network for existing portfolio companies.

### Does the Sverdlovsk Venture Fund invest directly or through an accelerator?

The fund operates both an in-house accelerator led by Eduard Shumakov and direct early-stage investment capacity. The accelerator serves as the primary sourcing and vetting mechanism, graduating companies into the fund's direct investment portfolio. This hybrid model allows the fund to cultivate deal flow from the regional university and technopark ecosystem.

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- [Sven Von Loh Entrepreneurial Partners](https://altss.com/profile/sven-von-loh-entrepreneurial-partners)
- [Sweet Spot Capital](https://altss.com/profile/sweet-spot-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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