RMG analysts find Q3 ?most successful quarter? this year in VC invested and deals closed

According to Rye, Man and Gor Securities, 3Q proved the most successful quarter in 2013 in Russia in terms of venture capital invested and deals closed, with $163m raised in 98 investment rounds

3Q proved the most successful quarter in 2013 in Russia in terms of venture capital invested and deals closed, with $163m raised in 98 investment rounds, investment analysts from Rye, Man & Gor Securities told Marchmont yesterday, citing excerpts from its most recently issued ?Russian Venture Capital Market Overview? with a rundown of Russia?s venture capital market in the 3rd quarter of 2013. The full version of the report is available at the RMG homepage. Other key takeouts from the report include the following findings: ? There were seven exit deals totaling $93m in 3Q. For comparison, two exits worth $52m were executed in 2Q, whereas there were no exits in 1Q. ? Corporate investors contributed 19% of all VC invested in Russia in 3Q (excluding exits), whereas this figure stood at 2% in 2Q. However, there are still only a few corporate venture funds in Russia. ? Seed financing is still scarce: in 3Q, $15m was invested in seed stage companies, with 38% of this amount granted by state-backed organizations...