Firrma’s VC market study: 167 Russian start-ups invested thus far in 2015
51 projects raised investments from the government-owned Internet Initiatives Development Fund, accounted for an estimated 30.5% of all Russian projects that attracted funding in the three quarters of this year
Nov 25, 2015
67 Russian start-ups raised investment between January and September 2015. These are the interim results of a Russian venture market study conducted by Firrma.ru.
Over the nine-month period, a total of 266 venture capital transactions were announced, in which Russian investors or start-ups took part. Of the total, 51 projects raised investments from the government-owned Internet Initiatives Development Fund (FRII), which accounted for an estimated 30.5% of all Russian projects that attracted funding in the three quarters of this year.
Firrma said it had collected data from public sources, including articles in the Russian and international press and databases of deals offered by Crunchbase and AngelList.
Earlier this year, analysts at Russia’s Association of Electronic Communications and Higher School of Economics published their own report covering the national VC market in 2014. According to the report, there were a total of 282 deals at various stages of project development last year, with the pre-seed stage driving the 2014 market.
Over the nine-month period, a total of 266 venture capital transactions were announced, in which Russian investors or start-ups took part. Of the total, 51 projects raised investments from the government-owned Internet Initiatives Development Fund (FRII), which accounted for an estimated 30.5% of all Russian projects that attracted funding in the three quarters of this year.
Firrma said it had collected data from public sources, including articles in the Russian and international press and databases of deals offered by Crunchbase and AngelList.
Earlier this year, analysts at Russia’s Association of Electronic Communications and Higher School of Economics published their own report covering the national VC market in 2014. According to the report, there were a total of 282 deals at various stages of project development last year, with the pre-seed stage driving the 2014 market.