Russian Internet Deal Book is a regular research by Fastlane Ventures studying investments in Russian internet. We analyze hundreds of deals and evaluate market volume and dynamics. Russian Internet Deal Book is the most comprehensive research on Russian venture capital which has become an important tool for professional investors.

Russian Internet Deal Book 2012-2013

• The Russia tech investment market is maturing: deals in later stages (C, D, E) accounted for 45% of total investment volume in 2013, while in 2011 there were only 13% of these more “mature” deals.

• There has been more investment in financial and advertising services, as well as games. At the same time, e-commerce is becoming less popular as an investment.

• The share of Russian money in RuNet increased. Some 53% of all investments in the RuNet were of Russian origin in 2013, compared to 42% in 2012.

Russian Internet Deal Book 2010-2011

• Investors are interested in internet startups at the seed stage. The total value of seed investment amounted to $8.7 million in 2010 and $14.1 million in 2011.

• An unprecedented growth of grant funding was observed. 61 startups have received more than $20 million in grants (before 2010 this figure had tended towards zero).

• Where the seed stage has seen this significant increase in investments, funding in the subsequent rounds and business exits did not follow this high investment trend.