The startup is half empty // The Russian market of venture investments has sharply decreased
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At the end of 2022, investments in developing Russian IT companies dropped sharply: a total of 128 transactions were concluded, while a year earlier – 291. Investments in start-ups fell by 57%, to $ 1.1 billion. This was primarily due to military actions in Ukraine, sanctions and relocation of many projects abroad. Moreover, if we exclude large transactions with US funds made before the outbreak of hostilities, we can see the market drop by more than an order of magnitude. In 2023, given such a low base, investments may begin to grow, experts say, considering the replacement of foreign IT solutions as a promising direction.
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