Andrey Daleky

Andrey Daleky is a Partner and one of the three co-founders of Black River Ventures (BRV), which he established alongside Managing Partner Evgeny Kaltashev and Partner Sergey Safronov. Based in Barcelona, he focuses on sourcing and evaluating high-potential technology startups, with a stated specialty in market analysis and strategic planning as inputs to the firm's investment decisions.

Before BRV, Daleky held roles at Russian diversified holding company Sistema JSFC (one of the largest publicly-traded conglomerates in Russia/CIS, spanning telecom, technology, and consumer assets) and at Svarog Capital, a private equity/venture advisory firm. His professional skill set is described around corporate finance, valuation, M&A, and team building — consistent with a finance/investing background rather than an operating one.

On the education side, Daleky studied Finance at HSE University (the State University — Higher School of Economics in Moscow), reportedly completing a master's-level program in the mid-2000s (circa 2004–2006). He also carries the CFA (Chartered Financial Analyst) designation, which appears on his LinkedIn profile.

At BRV, the founding trio combines complementary backgrounds: Kaltashev on the managing-partner side, and Safronov — London-based, an IESE Business School alum with prior investment-banking experience at Nomura International and Lehman Brothers. The firm positions itself as providing "smart capital" for long-term growth by leveraging the collective experience of a team split between the EU and the US.

• Invests in disruptive, world-changing technology companies led by "passionate entrepreneurs" with a clear vision, per the firm's own framing.
• Check sizes generally cited in the $3M–$20M range, with a sweet spot around $5M; typically participating from Series A up through later growth rounds (Series C/D).
• Core sectors: FinTech / financial services, Data Analytics & AI, Software/SaaS, and IoT / connected devices & wearables.
• Values "strong leadership teams and innovative business models that can capitalize on emerging trends in technology."
• Geographically spans the US and Europe (including the UK), reflecting the firm's transatlantic team.
• Prefers warm introductions over cold outreach.