According to A.Partners estimates, Russian investment funds have concluded 31 deals with IT startups from January to August, while during the same period of 2021, 121 deals were concluded. The average deal value has grown from 10.5 million dollars (630 million rubles, Central Bank exchange rate for September 16) in 2021 to 14 million dollars (840 million rubles) in 2022. The venture capital deals of institutional and large industry investors account for a significant share of all deals, without them the “average check decreases significantly”.

One of the investment funds confirms to have lowered the bottom limit of the average check. Previously it had been of 300-500 million rubles (4.74-7.9 million dollars) for investing in an IT startup, and the investment rounds of B2C projects had been up to 2 billion rubles (31.6 million dollars). At the moment the average deal value is of 20-30 million rubles (316,000-474,000 dollars).

MTS venture fund also says, the number of investment deals has decreased. The fund keeps the bottom limit at 0.5 million dollars (29.8 million rubles), but has raised the upper limit to 5 million dollars (298.1 million rubles), while in 2021 it was of 2 million dollars (191.2 million rubles).

Russoft previously reported that the percentage of Russian companies developing software that raised or plan to raise investment had grown from 21% in 2021 to 34% in 2022.

Original in Russian