Zubr Capital

Q: When was Zubr Capital last fund created?

Zubr Capital last fund was created/launched in 2022-10-06.

General contacts

Investor type

PE / VC

Founded

2010

AUM

$150 M

Location

Limassol, Limassol, Cyprus

Investment Ticket

$10-50 m

Investment Stage

Series B Series A

Region of investment

Europe

Investor profile last updated: 25 August, 2026

Profile

Zubr Capital Investment Company is a private equity firm based in Minsk, Belarus, founded in 2009. It was established as a spin-off from Atlant-M Holding and is recognized as the first company managing private equity funds in Belarus. The firm focuses on transforming local IT companies into international players, particularly in Eastern Europe, and has a strong emphasis on responsible investments that balance growth with the interests of employees and society.

With a team of experienced professionals, Zubr Capital has made over 25 investments and achieved 5 exits, supporting portfolio companies that employ more than 14,000 people. The firm targets technology-driven sectors, including IT, e-commerce, fintech, and SaaS, investing in high-demand products at various growth stages. Notable portfolio companies include Mediacube, Palta, and NOVENTIQ. Zubr Capital aims to improve the world through its investment activities while delivering compelling returns to its investors.

Industry

Consumer Products Consumer Services (B2C) Digital Education Edtech E-commerce/Marketplace Fintech Food and Beverage Foodtech Internet and Web Services IT Services Media and Entertainment SaaS Software Telecommunications Financial Services Healthcare Services Marketing and Advertising HealthTech Security

Zubr Capital Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Zubr Capital Fund I	Private Equity (PE)	Financial Services Fintech Healthcare Services Marketing and Advertising Media and Entertainment Telecommunications HealthTech	Series B	Europe	$5-10 m	$91 M	October 2022
Zubr Capital Fund II	Private Equity (PE)	Financial Services Fintech Healthcare Services SaaS Security Software Telecommunications HealthTech	Series B	North America	$5-10 m	$96 M	October 2022

Contacts

Name

Title

Social Networks

Nikolay Shestak Managing Partner

Managing Partner

n•••@•••

Oleg Khusaenov CEO

CEO

b•••@•••

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Investment-team contacts for Zubr Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Zubr Capital

Is Zubr Capital a venture capital or private equity firm?

Zubr Capital is a venture capital and private equity firm. It backs companies at Series B and Series A, writing tickets of $10-50 m.

Where is Zubr Capital located?

Zubr Capital is located in Limassol, Limassol, Cyprus.

When was Zubr Capital founded?

Zubr Capital was founded in 2010.

What sectors and industries does Zubr Capital invest in?

Zubr Capital invests in companies and startups in Consumer Products, Consumer Services (B2C), Digital, Education, Edtech, E-commerce/Marketplace, Fintech, Food and Beverage, Foodtech, Internet and Web Services, IT Services, Media and Entertainment, SaaS, Software, Telecommunications, Financial Services, Healthcare Services, Marketing and Advertising, HealthTech, Security.

What is Zubr Capital geographical focus of investments?

Zubr Capital invests in companies and startups in Europe.

At what stages of companies and startups does Zubr Capital typically invest in?

Zubr Capital invests in companies and startups at Series B, Series A.

What is the usual amount of Zubr Capital investment?

Zubr Capital usually invests $10-50 m on average.

What is the amount of assets of under management (AUM) for Zubr Capital?

Zubr Capital has around $150m assets under management.

When was Zubr Capital last fund created?

Zubr Capital last fund was created/launched in 2022-10-06

What are the contacts of Zubr Capital?

Zubr Capital can be reached through its website zubrcapital.com and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Zubr Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Zubr Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Zubr Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Zubr Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 25 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.