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Single Family OfficePuts its own capital into companiesLAST VERIFIED Oct 2026 · 3 SOURCES

DFG Elements

Venture capital arm of Dobrov & Family Group

Venture arm of the Dobrov family's Dobrov & Family Group, investing in seed to Series A AI, fintech, cleantech and proptech start-ups and in VC funds.

USEFUL FOR Fund managers raising capital · Founders · Co-investors

Family & background

FAMILY
Dobrov
WEALTH ORIGIN
Belon mining group (sold 2010)
HEADQUARTERS
London, United Kingdom
FOUNDED
2019

Investment approach

SECTORS
Artificial IntelligenceFintechClimate & EnergyReal Estate & PropTech
STAGES
SeedSeries A
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Venture capital
INBOUND
Accepts submissions

Overview

DFG Elements is the venture capital arm of Dobrov & Family Group, a family-run group founded by Andrey Dobrov with his sons Evgeny and Dmitriy after he sold the mining company Belon in 2010. The group says it launched an internal corporate venture programme and its first VC fund commitment in 2019. Elements invests in seed to Series A technology companies in cleantech, fintech, proptech and AI, and its site lists about 20 direct holdings and five fund commitments. The wider group also operates in real estate, renewable energy and hospitality across Europe and the UAE.

Investment thesis

Best-in-class technology companies at seed to Series A in AI (application layer), fintech, cleantech and proptech, favouring low-capex, scalable businesses with early traction.

Holdings & investments (26)

People

  • Alexey Korablev
    Senior Investment Analyst · source
  • Andrey Dobrov
    Founder, Dobrov & Family Group · source
  • Alexandra Kosovtsova
    Head of Legal · source
  • Laura Raicinskyte
    Head of Finance · source
  • Prashant Gulati
    Adviser · source

Frequently asked questions

DFG Elements is a single family office based in London, the United Kingdom, founded in 2019.

DFG Elements invests on behalf of the Dobrov family (Belon mining group (sold 2010)).

DFG Elements invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes venture capital.

DFG Elements invests at Seed and Series A stages in Artificial Intelligence, Fintech, Climate & Energy and Real Estate & PropTech.

Key people at DFG Elements include Andrey Dobrov (Founder, Dobrov & Family Group), Alexey Korablev (Senior Investment Analyst), Alexandra Kosovtsova (Head of Legal) and Laura Raicinskyte (Head of Finance).

DFG Elements's holdings and investments include Perovskia Solar, ProLogium, Spin.AI, Palabra.ai, Runna, AMFG, Docplanner and Finxone, among others.

DFG Elements states that it accepts submissions through its official contact page.