Larnabel Ventures is a venture capital firm based in London, UK. Established in 2016, the firm prioritises investment in innovative tech start-ups, supporting daring entrepreneurs to pioneer new uses for technology and build ground-breaking businesses.

Drawing upon the global business expertise of Founding Partner, Said Gutseriev, and Managing Partner, Eldar Vagapov, Larnabel Ventures makes early-stage and strategic investments across a wide range of sectors. The firm also manages a diverse investment portfolio comprising some of the most exciting start-ups in Europe and the United States, including companies in the finance, retail, gaming, and consumer technologies space.
Investment Team
Said Gutseriev
Founding Partner
Said Gutseriev is a London-based entrepreneur, investor, and philanthropist. He is the Founding Partner of Larnabel Ventures, a Board Director and majority shareholder in PJSC ‘SFI’, and Non-Executive Director of M.VideoEldorado.

A dual British and Russian citizen, Said has a track record of developing profitable technology businesses worldwide. He oversaw the transformation of M.Video’s online marketplace into one of Russia’s largest e-commerce retailers, and he continues to scale up innovative companies through Larnabel Ventures, which prioritises pioneering technological solutions across a number of sectors. As a Non-Executive Director of SFI, he helps oversee SFI’s ownership of Europlan, a leading auto-leasing company; the innovative cloud gaming provider GFN.RU; and its stake in VSK, a full-service insurance company in Russia.

Said also founded the Chingiz Gutseriev Research Fellowship, which was established in collaboration with his alma mater, St. Peter’s College, University of Oxford, to ensure that the archaeological research produced by the college remains at the forefront of global study for years to come. Said holds a Master’s degree in Archaeology and Geology from St. Peter’s College, University of Oxford, and a degree in Oil & Gas Management from Plymouth Business School, University of Plymouth.
Eldar Vagapov
Managing Partner
Eldar Vagapov is a technology entrepreneur and investor, currently serving as Managing Partner of Larnabel Ventures and Chief Executive Officer of GFN.RU.

Following his education at the University of Cambridge and Samara State Aerospace University, where he was awarded a PhD in Economics, Eldar started his career at Pricewaterhousecoopers, focusing on business restructuring, recovery services, and valuation. He then went on to serve as Head of Corporate Finance at Yandex – the largest technology company in Russia. After leaving Yandex, Eldar founded several companies including ERFID, an IoT solution developer and integrator. He currently serves on the boards of GS1 Russia and Technical Committee of Russian Federation on standardization of automatic identification and data collection.
London: +44 207 932 9203
Cyprus: +35722600658
London: 64-65 Vincent Square, London, England, SW1P 2NU

Cyprus: Office 23, 14 Eleftheriou Venizelou Street, Agios Andreas, 1105, Nicosia, 
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