Russian Venture Capital Association

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10.01.2014

Russian venture capital market development 2013: input of RVC

According to Dow Jones VentureSource data, Russia has become the highest growth venture capital market of Europe, having climbed up the 4th place by venture capital volume in the high-tech sector by the 2012 totals. This trend remained in the 2013 too.

For the first 3 quarters of 2013, by the results of MoneyTreeTM research: "Navigator of the venture capital market", prepared by Center for technologies and innovations of PwC and JSC RVC, the total amount of venture investments in the Russian market in the bio-industrial and information technologies sectors made $551 mln. These investments were received via 157 transactions. In comparison with three quarters of 2012, the number of venture deals for the similar period of 2013 grew by 17%, thus a deal average size decreased and totaled $4.5 mln (against $6.6 mln for the similar period of last year).
Totals of 2013 showed a sustainable development of the venture capital industry having created in Russia. Following the results of the first three quarters 2013, analysts managed to record positive dynamics on a number of essential indicators. Data of the report "MoneyTreeTM: Navigator of the venture market" and the results of NABA research testify that the number of early stage deals in the Russian venture capital market increased by 65% in 2013. Volume of the business angels’ deals increased by 70% in comparison with the 2012 level. Total investment volume in the early stage projects with the Russian business angels’ participation made $116.5 mln following the results of 11 months of 2013 that was nearly 4.5 times more than for 2012.

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