Venture investments in Russian startups in 2024 decreased by 23% compared to 2023 and amounted to $91.7 million, according to data from the Venture Guide analytical platform.
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In total, 153 transactions were closed last year, 17% less than the previous year. The average investment volume per transaction was $0.7 million, while in 2023 this figure was $0.9 million.
Most of the investments were made in startups that develop business software: 14 deals worth $18.45 million were closed in this segment.
In terms of investment volume, the consumer goods and services segment ranks second: the volume of funds raised amounted to $16.21 million in nine transactions. In this case, the Twinby dating service received the largest funding ($4.8 million).
“[Восстановлению рынка] Geopolitical tensions continue to hinder the situation: sanctions affect the conditions for attracting foreign capital and limit opportunities for startups,” Elena Volotovskaya, CEO of Softline Venture Partners, shared in an interview with Kommersant.
The Central Bank’s high official rate also “makes borrowed funds more expensive and less accessible,” Volotovskaya added. At the same time, according to his forecast, the market is unlikely to return to the pre-crisis level of 2021 before 2027, and this year the most important trend will be a shift in the focus of investors’ attention towards young companies.
The number of mergers and acquisitions will also decrease in 2025. However, a possible interest rate reduction between now and the end of the year could facilitate the transfer of investors’ funds from deposits to the stock market and risky investments, it concluded. Volotovskaya.
Author:
Anastasia Kossakovskaya
Source: RB

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