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Zubr Capital

General contacts

Investor type

PE / VC

Founded

2010

AUM

$150 M

Location

Belarus

$1-5 m

Investment Ticket

3-5 years

Investment Horizon

Series B, Series A

Investment Stage

Exit Strategy

Investor profile last updated: 06 December, 2025

Profile

Zubr Capital is the first company managing private equity funds in the Republic of Belarus. The company was established by the top-management of Atlant-M Holding in 2009. Atlant-M Holding is a group formed by 28 portfolio companies, which operate in Russia, Belarus and Ukraine, with a total annual turnover more than $1 billion.

Zubr Capital Invests in different sectors of Belarusian economy including telecommunications, IT, retail, durable goods, innovative technologies.

Zubr Capital manages two funds: SMH (launched in 2010) and Zubr Capital Fund I (launched in 2016). Oleg Khusaenov is the Chief Executive Officer of Zubr Capital.

Zubr Capital Investment Company raised funds of such institutional investors and companies as European Bank of Reconstruction and Development, Dutch Development Fund (FMO).

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

Region of investment

Europe

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