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The Russian Internet startup factory Fast Lane Ventures has released some interesting figures on venture investment of the Internet businesses in Russia. The company analyzed over 270 investments in Russian Internet companies based on the data and funds raised. Here are some results.
If in 2010 there were $1270 million raised, then last year the total amount of funding has almost doubled to $2197 million. Of this, seed funding has increased from $225 to $540 million, and the rest of the funding including IPO placements have increased from $1052 to $1660 million.
The number of funding rounds in 2010 was 59 but it has increased to 213 in 2011 (think about what it does to a blogger who has to cover them all, it is literally a post a day just for Russia).
At the same time according to Andrey Kulikov, the investment analyst at Fast Lane Ventures there are between 100 and 150 seed investments made for which financial information has not been dislosed.
The story was originally reported by RBC Daily.
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