OREANDA-NEWS  Last year, the volume of the venture capital market (risky investments) in Russia increased in the number of transactions, but continued to fall in monetary terms. Kommersant writes about this with reference to data from the Dsight investment platform.

During this period, investors concluded 15 percent more deals with IT startups (158) than a year earlier, but their total amount amounted to only $ 71 million. The drop compared to 2022 is 83 percent, and the average investment check is $ 0.46 million.

The situation is best in business software (22 percent of the volume of transactions and 15 percent of the number), followed by educational technologies (10 and 5 percent, respectively) and financial (10 and 11 percent). Almost a third of venture capital investments were made by state funds and corporations.

Analysts note that in 2023, high caution prevailed in the market. Only projects with an established business model made big money, and the rest were interrupted by microchecks. Elena Ivanova, editor-in-chief of Russian Venture, notes that politics has become the causes of negative trends, and there are no objective prerequisites for removing these obstacles in the near future, so there is no need to talk about growth.

Earlier, the head of the Ministry of Economic Development, Maxim Reshetnikov, pointed out that it would be difficult to achieve the necessary level of technological sovereignty of Russia without the development of venture investments.