Foreign startups with Russian founders collectively raised $1.2 billion as a result of closed venture deals in the first half of 2024, according to a report “Venture Eurasia” prepared by the analytics company Dsight.
Author:
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The most important transactions were distributed as follows:
- Sila: $375 million (founders Evgeny Berdichevsky and Gleb Yushin). The startup’s field of work is EnergyTech.
- Raise: $252 million (founder Igor Ostrovsky). Field of work: AI / Neural Networks.
- inDrive: $150 million (founder Arsen Tomsky). Field of work: Transport and Logistics.
- Uzum: $100 million (founder Khasur Dzhumaev). Field of work: e-commerce.
- Zededa: $72 million (founder Roman Shaposhnik). Field of work: B2B software.
In the first six months, 39 deals were made on the foreign venture market with startups created by founders with Russian roots in the following areas:
- AI/neural network: 7 transactions;
- Games: 6 offers;
- Fintech: 5 transactions;
- B2B Software: 4 offers;
- Blockchain / Cryptocurrency: 3 transactions;
- E-commerce: 3 transactions;
- Other areas: 11 transactions.
“The most attractive solutions for Russian founders to invest abroad are generative AI for the media, investment, education and gaming industries,” Dsight noted.
According to a study by Dsight, the average control in the Russian venture capital market will increase by 30% in the first half of 2024.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
