Search
About GoalEurope
GoalEurope provides advisory services in the area of nearshore software development in Russia and eastern Europe. We also support investors and technology firms in the region. Read more about our services
OUR SPONSORS
-
Latest
- Russian education startup YaKlass raises $2 million investment
- Russia ad management startup Hiconversion raises seed funding
- Lithuanian project by Eruditus gets traction in the Middle East, ready to launch collaboration platform Loomideck
- Startups that will compete at the Shift Challenge in Croatia tomorrow
- Bulgarian outsourcer 60K.bg wins European title as outsourcing provider of the year
- Czech startup accelerator Wayra selects its first teams
- Polish website builder Web.me launches, allows opt-in pricing
- Mobile ad startup iVengo raises $250K from Moscow Seed Fund
- LifePad gives away 1 million tablets with preinstalled apps by the end of 2013
- The Demo day of Czech accelerator Startup Yard invites investors is planned for 4th of June 2013
Older posts
Russian Internet startups see increase in funding in 2011
Share This
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.
About the author
Natasha Starkell
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
Twitter LinkedIn Facebook Google+ Natasha Starkell is the founder and CEO of GoalEurope, advisory firm focusing on technology investment and software development in Russia and Eastern Europe. Prior to starting GoalEurope she has worked in the field of finance, mergers and acquisitions, corporate strategy and offshore outsourcing at Unisys Corporation in Switzerland and United Kingdom. She has an MBA degree from London Business School. She speaks Russian, English and German. She lives in Northern Germany.
OUR SPONSORS