In the period from January to September 2024, the Russian venture capital market grew by 8% to $53 million. During this period, 105 operations were closed, 10% less than in the same period last year. This follows from data from Venture Guide, which is presented in the review of the Moscow Innovation Agency.
Author:
https://rb.ru/author/pardaeva/
Subscribe to RB.RU on Telegram
According to the agency, in the third quarter the volume of venture investments increased by 85% compared to the same period in 2023, up to $24.9 million from $13.4 million. At the same time, the number of transactions decreased from 48 to 33. Average transaction. The size for this period amounted to 590 thousand dollars.
Despite the decline, early-stage Presemilla and Semilla deals still account for 70% by volume and 60% by volume, confirming their dominant role in the market, the study notes. Of the total transactions concluded, 46% are projects that are just beginning to attract investments.
The report also notes an increase in business angel activity, largely due to government support. For the first time since 2021, the participation of private funds increased, while other investors slightly reduced their activity.
The leader in terms of transaction volume is the healthcare segment ($14.5 million for nine transactions), followed by solutions for people with disabilities ($10.7 million for two transactions) and media development (9 .6 million dollars for 10 transactions). According to the data, investors were especially interested in projects with brain-computer interfaces and robotic prostheses. This year, the top ten included the media, consumer goods and retail sectors for the first time.
The most important transactions were investments in the companies “Motorika”, “City Charges”, Angie, Neiry and “Pogonali”; They represented 49% of the total market volume.
Vladimir Fomchenko, transaction support partner at NEO consulting firm, commenting on the third quarter results, told RB.RU that the venture capital market in Russia remains bubbling. The number of transactions is relatively small and, given current rates, prospects for growth in their number are limited. On the other hand, there is a possibility that the intensity of startup share sale proposals will increase precisely because of the rising cost of alternative sources of financing, he suggested.
Author:
Karina Pardaeva
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.
