EY and RVC: Russian venture capital industry has grown tenfold since 2007

EY and Russian Venture Company have issued a survey on Russian and global VC markets in 2007?2013, showing a robust growth in the Russian market

EY, the leading services provider for strategic growth markets, and RVC, the key Russian institute for venture industry development, have issued a survey on Russian and global VC markets in 2007?2013, RVC announced. According to the study, the Russian VC industry has shown triple-digit growth over the last seven years, reaching the volume of $1.213bn in 2012 (compared to just $108.3m in 2007). The record-breaking volume of deals in 2012 made the Russian venture market the second largest in Europe and the fifth largest in the world. The amount of incubators, angel investors, angel clubs, start-ups and early stage deals has also significantly increased over the period. Investors are clearly showing trust in the Russian venture market...