Venture Market statistics
The truth and nothing but the truth
The seventh meeting of the Joint Analytical Group (OAG), a special advisory body organized jointly by RAVI and RVC, was held in Moscow, at which RAVI, J'son & Partners Consulting, Rai, Man & Gore Securities presented their research on the Russian VC market for the first half of 2015. The meeting was attended by Natalia Podsosonnaya, General Director of CJSC UK "Sberinvest", Svetlana Vodianova, General Director of J'son & Partners Consulting, Alexey Solovyov, Managing Director of Prostor Capital, Margarita Zobnina, Head of the Research Department of the FRII, Alexandra Rasskazova, Portfolio manager BV Capital (E.ventures) and others.According to the presented studies, the market picture has developed extremely unambiguous – the market has taken a wait-and-see position.
Thus, according to the RAVI Analytical Report for the first half of 2015, both the volume and the number of investments have significantly decreased – they make up a quarter and a third of the indicators of 2014, respectively. However, it should be noted that the amount of capital in the market has not changed much, which, taking into account the forced withdrawal of a number of major foreign players from the industry, suggests that the industry of Russian – in the long term – innovations remains attractive and interesting for investors.
The presented studies were based on the data of the Expert Database of transactions of the Russian PE&VC market. At the moment, the database is a resource available only to OAS participants, on which an array of open information on current market transactions is accumulated. OAS experts – JSC RVC, RAVI, LLC RMG Partners, Skolkovo Rusinnovations, LLC Jason and Partners, LLC Prekveka, LLC ipiO Board, LLC Venture Database, LLC O2Consulting – verified each transaction entered into the database. In the future, the possibility of access to the database of a wider range of venture investors operating in the Russian market will be considered.
The representatives of venture funds present at the Meeting noted the importance of obtaining "objective information about the trends of the venture market," because the availability of statistical data, as Natalia Podsosonnaya noted, is extremely important for funds, including "when negotiating with investors." Methodical verification of data and industry expertise of the created transaction database made it possible to coordinate the positions of market participants on the assessment of some key industry events, which means that the interpretation of venture market events will become more unambiguous and transparent for all its participants.
The next OAS meeting is scheduled for November 2015. The central event will be the presentation and discussion of the Analytical Report prepared by RAVI on the results of the review of the private equity and venture capital investment market for the three quarters of 2015. A special place on the agenda will be the issue of harmonization of Russian methods of collecting information on the Russian market with foreign practices.
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15.10.2015