Editor’s note: This post from East-West Digital News was syndicated with permission.
After two years of apathy, the Russian venture market showed signs of revival in 2016, reveals the latest edition of the Russian venture report (PDF) published annually by RG Partners, in partnership with EY and East-West Digital News.
From the seed stage to maturity deals, venture investment amounted to $894 million last year, up from just $383 million in 2015. “Market growth was essentially driven by a dramatic increase in expansion deals, whereas the volume of seed- and startup-stage deals fell to new lows,” notes Arseniy Dabbakh of RG Partners.
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