Veeam Software Group

Veeam Software Group

Veeam Software Group GmbH was established in 2016 by Ratmir Timashev and Andrei Baronov, the co-founders of the data-management company Veeam Software. The firm formalized as a single-family office following the 2020 sale of Veeam to Insight Partners at a $5 billion valuation, concentrating the founders' liquidity into a dedicated investment vehicle domiciled in Baar, Switzerland. Timashev had previously co-founded Aelita Software, sold to Quest Software in 2004, creating a pattern of enterprise-software exits that seeded this family office. The office invests across three primary asset classes: venture capital, growth equity, and real estate. Its venture exposure flows through ABRT Venture Fund, a vehicle launched by Baronov in 2005 that backs B2B software and internet companies at seed and Series A stages. Direct investments skew toward cybersecurity, cloud infrastructure, and developer tools — sectors where the principals bring genuine operating leverage. Real-asset commitments are anchored by Hewland Properties, a US-focused commercial real estate platform controlled by Baronov that acquires office and industrial assets. Co-investors in ABRT deals have historically included a rotating group of technology angels and Russia-based family offices. Timashev and Baronov operate from distinct hubs — Timashev primarily in Connecticut, Baronov in Switzerland — and the office does not publicly disclose total commitment figures. ABRT Venture Fund has backed more than 30 portfolio companies since inception, including Acronis and Infrascale, and Timashev has separately committed capital to Ohio State University's Center for Software Innovation, naming a building and funding academic programs. The office does not maintain a public-facing investment team roster and appears to rely on a lean internal staff supplemented by ABRT's fund-management infrastructure. What structurally differentiates Veeam Software Group is its dual-anchor architecture: Timashev and Baronov run parallel but interleaved investment platforms without consolidating them into a single-brand family office. One principal leans into venture via a named fund, the other into real assets via a property company, and both maintain discretion over liquid and private-market allocations. This design preserves autonomy for each founder while allowing co-investment on large technology deals, sidestepping the governance friction that often arises when multiple wealth creators share a single family-office entity.