VC for AI/AR/VR endeavors

We take early great tech projects a major level up: refining ideas, developing teams and scaling fast. To reach traction.

Haxus is a venture fund focused on artificial intelligence, augmented reality and virtual reality startups at the seed or even pre-seed stage. We identify and partner with top teams, helping turn great ideas into brilliant ones and transform major market potential into reality.

We’re very hands-on in supporting investees with strategy, financial reporting, legal matters, HR needs, communications and more.

Our co-founders have a solid track record in building up leading international businesses and bringing tech startups to the world. Registered in Cyprus, Haxus is ready to back visionary initiatives in AI, AR and VR wherever they emerge around the globe.

Doing what nobody’s done

We invest in and partner with startup teams to transform great new ideas into brilliant ones that work 100%.

Haxus provides seed (and sometimes pre-seed) capital plus very strong business support to tech startup teams with the potential to succeed on a large international scale.

Our focus is on AI, AR and VR ideas which can do something totally new. We are very active partners. We help teams with strategy, finance and reporting, legal matters, sourcing the new talent they need, and communicating both intensively and effectively.

$300,000 to $2 million
Equity stake
10% to 25%

Current portfolio


Prisma transforms photos and videos into works of art. The app uses AI to learn and apply the styles of famous painters. It’s been featured by The New York Times, CNN, Bloomberg, The Guardian and other international media.

My Emoji uses AI to create animated emoticons of a user’s own face, based on a simple selfie. The personalized emoticons work in all social networks and messenger apps.

Toonbox is developing AR/VR games for children based on the popular Qumi-Qumi comics and cartoon series.

OWHealth is a U.S.-based digital health company. Its mobile apps let young women track and improve their health and prepare for pregnancy based on their habits and lifestyle.

Previous investments

Masquerade’s MSQRD app enables 3D face-swapping in photos and videos, using machine learning, face detection, expression recognition and more. It rose quickly on the App Store and Facebook bought the company in March 2016. provides offline mobile maps and navigation services based on OpenStreetMap data. After 7 mln downloads, it was acquired by Mail.Ru in 2014 to bolster the Russian internet company’s international expansion.

Experience and expertise

Haxus’s team comprises hands-on experienced investors and professionals with stellar IT-industry records and distinctive technology vision. We’re able to help with all aspects of developing a rapidly growing business.

Founding partner

Yuri Gurski has been building international IT and media businesses for many years as an executive, entrepreneur, investor and startup mentor. His areas of special expertise include strategy, operations, marketing, and management training.

Tech firms that Yuri founded, funded and advised have been acquired by Facebook (MSQRD live selfie video filtering, 2016), Russian internet giant Mail.Ru ( navigation services, 2014), the world’s largest online gaming firm Playtech (mobile fitness pioneer, 2013) and Israel’s Teddy Sagi (iPhone app developer Viaden Media, 2012). He is the founder and owner of the publishing house Ideanomix and the app developer Ideanomix Digital.

Yuri is a distinguished MBA alumnus of Kozminski University and was formerly a best-selling author of technology books in Russian. He’s been repeatedly recognized by the Belarus startup community as Entrepreneur-of- the-Year and Mentor-of- the-Year.

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Founding partner

Aleksej Gubarev has run and invested in dozens of IT companies. His major strengths include business-model scaling and global expansion, strategic acquisitions, and talent identification. He believes starting with the right people is crucial for business success.

In 2005, at the age of 25, Aleksej co-founded XBT, a hosting, data and web-development group which now has hundreds of employees on three continents and Fortune 100 clients. He remains the CEO. XBT is the parent of, the Dallas, Texas-based provider of IaaS hosting with data centers in the USA, the Netherlands, Luxembourg, Russia and Singapore. Aleksej is a long-time resident of Cyprus.

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Venture partner

Alexander Chekan is an experienced media executive, an active mentor of IT startups and an organizer of events for the e-commerce industry.

As the CEO of TUT.BY, now the largest private media group in Belarus,Alexander has overseen numerous M&A deals mainly for web products involving public companies as well as private equity and venture funds. He’s a member of the Coordination Council of the HTP High Tech Park incubator in Minsk and a mentor at the TechMinsk accelerator.

Alexander holds an International Executive MBA degree from HEC Paris-affiliate BMI. He has also completed further studies in management and venture financing at Stanford University Graduate School of Business and other business schools in the European Union and the USA.

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Venture partner

Dmitry Gurski is an entrepreneur, mentor, and investor with a focus on the launch and development of innovative software businesses.

He is a co-founder and the CEO of Ideanomix Digital, a developer of home and entertainment apps that have ranked well around the world. He is also a co-founder of the separate Ideanomix publishing house, whose books include more than 1200 educational and technology titles.

Dmitry holds an MBA degree. He has authored several books on computer programming and related mathematics.

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Legal counsel

Panos Georgiou is an experienced legal advisor to international corporations and former CEO with special expertise in IT law.

He holds a first degree in law from Bristol Law School and a master’s in EU Commercial Law from the University of Leicester. He has trained in Information Technology & Telecommunications Law at the University of Strathclyde.

Panos is also certified as an internal auditor under the ISO 9001:2008 quality management standard.

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Haxus launches venture fund for AI, AR and VR projects

Haxus Ltd has launched a new venture capital fund focused on early-stage startups working with artificial intelligence, augmented reality and virtualreality. The fund is based in Cyprus.


Contact us

Do you have a new way to create value and change the world with artificial intelligence, augmented reality and/or virtual reality? If so, please get in touch. Write us at

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