In 2014, the Russian venture capital market declined by 26%
Over the past year, the Russian venture capital market fell by 26%, to $ 480.9 million, Vedomosti reports, citing a joint study by PwC and the Russian Venture Company (RVC). However, cumulative investments at earlier stages of projects reached $ 141 million, which is 4% more than last year. And in relation to the total mass of investments, their share increased to 30%.
In addition, the rate of investor exits from projects increased by 43% in quantitative terms and by 51% in monetary terms. According to analysts of PBK and PwC, this is the most important achievement for the year. Investors received revenue of $ 731.5 million, closing 30 transactions. Last year there were 5 largest exits, in 3 of which Yandex participated.
“In past years, the funds focused on the later stages of investment, so a bottleneck emerged from seed-stage projects (up to 15 million rubles), and in 2014, high-quality start-ups were in short supply,” explains Maxim Steigerwald, investment director of the Internet Development Fund initiatives.
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The IT sector continues to attract most venture capital investments. Since IT investments accounted for 89.3% of all transactions and 91.6% of transactions.
In the field of industrial and biotechnology, the number of transactions was reduced, but thanks to one very large transaction, $ 40.3 million was invested in them. This amount is comparable to the 2013 level.
It is worth noting that at the beginning of 2014 there was a reduction in venture capital investments by more than 50% compared with 2013.
“Now the engine of the market is the pre-seed stage projects (presowing, up to 1 million rubles); thanks to them, we can solve the problem of lack and low quality of startups at further stages and level the market in 2015–2016, ”Steigerwald is sure.
In addition, the rate of investor exits from projects increased by 43% in quantitative terms and by 51% in monetary terms. According to analysts of PBK and PwC, this is the most important achievement for the year. Investors received revenue of $ 731.5 million, closing 30 transactions. Last year there were 5 largest exits, in 3 of which Yandex participated.
“In past years, the funds focused on the later stages of investment, so a bottleneck emerged from seed-stage projects (up to 15 million rubles), and in 2014, high-quality start-ups were in short supply,” explains Maxim Steigerwald, investment director of the Internet Development Fund initiatives.
')
The IT sector continues to attract most venture capital investments. Since IT investments accounted for 89.3% of all transactions and 91.6% of transactions.
In the field of industrial and biotechnology, the number of transactions was reduced, but thanks to one very large transaction, $ 40.3 million was invested in them. This amount is comparable to the 2013 level.
It is worth noting that at the beginning of 2014 there was a reduction in venture capital investments by more than 50% compared with 2013.
“Now the engine of the market is the pre-seed stage projects (presowing, up to 1 million rubles); thanks to them, we can solve the problem of lack and low quality of startups at further stages and level the market in 2015–2016, ”Steigerwald is sure.
Source: https://habr.com/ru/post/286844/
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