Russian venture capital market fell sharply 2020

RUSSIA / FSU POLITICS - In Brief 31 Mar 2021 by Alex Teddy
Data from Dsight showed that in 2020 venture capital investment fell from USD 869 million to USD 703 million. This is put down to the pandemic and the search for safer investments. The number of deals was up 14% YoY. There were more startups as well. Q3 and Q4 were much better than Q2 2020.Investments are mainly into e commerce, entertainment and health. Edtech, agrotech and fintech grew rapidly 2020. Corporations and corporate funds stepped up their activity in the sector. They participated in 47 deals which is a 50% YoY increase. Corporations invented USD 308 million. Angel investing increased from 37 to 64.There is little foreign presence in the Russian venture capital sector. The pre-IPO American investment in Ozon is a notable exception.Some Russian founded startups are now active in the US and EU. These included British Arrival, Californian Miro and Polish Novakid. 76% of all startup investment in Russia is Moscow based.

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