The Russian venture capital market is on the road to recovery

📈 The key growth factors are the development of pre-IPO investments, expansion of venture capital platforms and positive investor sentiment. According to the analytical company Dsight in its report "Venture Eurasia. 2024", the volume of investments in startups in 2024 will reach $177 million, which is 108% more than a year earlier.

The average deal cheque doubled to $1.01m (+124% YoY), which was the main driver of growth as the number of deals remained flat year-on-year.

🔹 What was driving the market in 2024?

- Boom in pre-IPO deals - companies raised over ₽3.8bn before going public.

- The rise of syndicated investments - venture clubs and platforms have become a powerful funding tool.

- Active M&A deals - big players strengthened their position by acquiring startups.

- Focus on AI, Cybersecurity, FinTech and B2B Software - the key niches into which investments have rushed.

🔮 Predictions for 2025:

- Venture capital market growth of 50% in two years.

- Increase in the number of IPOs and pre-IPO deals.

- Increased investment in consumer technologies against the backdrop of rising household incomes.

- Expansion of government support programmes - tax incentives, accelerators, new funds.

Eugene Borisov, Partner at KAMA FLOW, commented: "The Russian venture capital market continues to demonstrate its identity. Despite the challenges, investors are focused on long-term strategies, and DeepTech, AI and Cybersecurity technologies are becoming major growth points. In 2024, KAMA FLOW was ranked among the most active venture capitalists, and for us this is not just a status but a confirmation of our approach: we support projects with strong teams, unique know-how and scalability potential. 2025 will be a year of new opportunities for the market, and our task is to find and develop companies that will change the technological landscape of the country."

Read more: https://dsight.ru/ve2024