Changes in the venture capital market
The volume of venture financing in Russian startups fell by 9%
This is reported in its latest quarterly report by Rye, Man and Gor Securities (RMG), an independent Moscow investment company.
The Russian venture capital market is still experiencing difficulties: in 2014, the inflow of investments into the market is decreasing. It is worth noting that in the second quarter of this year, the volume of transactions was higher than in the first, and amounted to 127 million dollars.
Compared to the previous quarter, the number of transactions also increased by 32% to 70, although there was a decline in the average value of transactions. The number of deals and expansion stages also increased significantly (compared to the previous year – by 280% and 166%, respectively), but the total number of investments in startups at the seed stage of development decreased by 71%, and the average cost of transactions fell by 67% year-on-year.
To date, 39% of investments in the Russian market come from the Internet Initiatives Development Fund (FII), which provides financial and expert support to projects in the early stages of development. The number of external sources of financing is becoming less and less for both Russian startups and venture funds due to the difficult international situation.
In the last few years, however, several Russian foundations have opened their representative offices abroad and integrated new LPS from other countries. Among them are DST, Almaz Capital and Runa Capital. Such funds are unlikely to stop active international financing.
Portal "Eternal youth" http://vechnayamolodost.ru23.09.2014