Investment and venture fund of Tatarstan topped the rating of Russian market players
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The Investment and Venture Fund of Tatarstan (IVF RT), owned by the government of the republic, invested in 25 domestic startups in 2023, which is 30% of all venture transactions in the Russian Federation, according to a study of the Eurasian venture market conducted by the Dsight business platform.
Thus, IVF RT became the leader in the rating of venture funds in Russia at the end of 2023 according to Dsight. The second place was taken by the Voskhod Fund with 12 transactions over the year, the third place was taken by the Moscow Seed Fund with 11 startups. The fourth position was taken by the Kama Flow fund, which closed nine transactions. In fifth place is Hive beeline ventures and eight transactions, respectively.
According to the business platform, the volume of the Russian venture capital market in 2023 amounted to $84 million, which is 80% less than in 2022. At the same time, the number of transactions increased by 20% due to the activity of business angels. The average investment bill was $0.48 million ($3 million in 2022). Every fourth transaction on the market took place with the participation of government funds, Dsight notes.
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