The most active venture funds of 2016 have been identified
Public Relations Service of JSC "RVC"
The annual rating of the activity of venture funds in Russia from Firrma, of which RVC is a strategic partner, and EY is a partner, has been published. According to the rating results, in 2016 the funds made 390 transactions – a quarter more than in the previous year.
The rating takes into account funds created by Russians or immigrants from Russia, operating in Russia and having made at least two venture transactions over the past year, of which at least one was made with a Russian company. The basic parameter for assessing the activity of funds is the number of invested companies for the period from December 1, 2015 to December 1, 2016. The rating is divided into four categories: for classic, seed, new and foreign funds. The first place among the classic ones was taken by Target Global, which invested $90 million in 21 projects during the year. The most active investor at the "seed" stage was FRII ($19.2 million in 91 projects). Admitad and Numa Invest funds became the leaders in other categories, respectively.
The RVC Infrafund, RVC Biofund and RVC FPI were also among the most active funds. Thus, at the end of 2015, the RVC Infra-fund bought a stake in the EKAT engineering company, which develops solutions to reduce harmful emissions in the oil and gas industry, and also invested in the creation of the ElTechProgress Engineering Center. The RVC biofund, whose portfolio includes the ExoaThlet company, in turn invested in the RTM Diagnostics company, which specializes in the development and manufacture of devices for the diagnosis of breast cancer.
In addition to the growth in the overall activity of venture funds, an increase in the number of transactions at the seed stage was recorded – from 136 to 207. Classic funds concluded 147 deals, the amount of investments of the top five exceeded $ 160 million. The number of funds launched and started investing this year has decreased slightly. In 2016, only 4 funds started working, in 2015 – 6, in 2014 – 5. The number of foreign funds that entered the Russian venture capital market over the past two years has increased 3.5 times. If in 2014 only five foreign funds invested in startups from Russia, then in 2016 – 17. In total, they made 32 investments in 2016, which is more than 2 times higher than last year. In 2016, Russian funds made 53 exits, which is 2 times more than in 2015 (27).
"The market is starting to regain positions, its condition inspires moderate optimism. Previously, he grew up investing in fairly mature companies, but this flow has weakened, and now he is refocusing on early-stage projects. The funnel is increasing every year and the quality offer of startups is growing. There are a number of positive trends in the university ecosystem that will contribute to the commercialization of technologies. Therefore, in the coming years we expect growth at the expense of new generation companies," Evgeny Kuznetsov, Acting CEO of RVC, commented on the rating results.
Among the key deals of the outgoing year is the partial withdrawal of InVenture Partners from Gett (a deal with Volkswagen for $ 300 million). Also as a result of the purchase by Mail.From the developer of Pixonic mobile games, AddVenture and Kite Ventures left the project. The total amount of the transaction was $30 million.
More information about the rating results can be found at the link.
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19.12.2016