Russian Investments in Foreign Startups More Than Double in First Half of 2019

The figure is 3.5 times higher than the $248 million of Russian investments into the Russian market.

The average investment size increased from $11 million to $24 million.Sergei Kiselyov / Moskva News Agency

Russians invested $860 million in foreign startups in the first half of 2019, more than double the $418 million seen in the same period last year, the Vedomosti daily reported on Friday. The figure is 3.5 times higher than the $248 million of Russian investments into the Russian market over the same period.

The average investment size also increased from $11 million to $24 million, and more than 99% of the cash went into IT projects. 

Such integration into the global venture industry is a positive factor, investment director at the MoneyTree Russian Venture Company, Alexei Basov, told Vedomosti. “

The paper cited him as saying that while they say western markets are closed to Russian investors, Russian funds are active in the West and taking part in good deals. 

An exodus of investors from the Russian market took place in 2015, but investments by Russian funds into foreign companies have remained fairly stable every year, venture capitalist Alexei Solovyev, told Vedomosti. The sharp rise this year may have been caused by a few large transactions, he added.

(C) MOSCOW TIMES 2019

Advertisements

2 comments

  • Russians dont invest in Russia. And that investment abroad in no doubt ‘black’ money.

    Study: Ukraine’s tech sets record, attracts $323 million in 2018………thats even more than in The Russia.

    Liked by 1 person

    • You can always see the truth when you look at investments. People with money are not stupid and they know how to make good investments. Why would anyone freely invest in a backwards, corrupt gulag toilet that hasn’t turned the calendar for 70 years?

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.