The Russian venture capital market has fallen by 2 times

In the West, a lot of success stories in the mobile games market are associated with venture investments. In Russia, the very possibility of such plots has always been labeled “science fiction”. And, apparently, there is no need to wait for a change in the situation in the near future: the Russian venture capital investment market has fallen by half.

According to Vedomosti, in the first three months of 2015, only 89 transactions totaling $68.7 million took place in Russia. This is two times less than a year earlier for the same period. Moreover, most of them – 53 transactions – took place with the support of state capital. In general, it has become more difficult to get money from funds today.

Infographics: Vedomosti
Moreover, some investors started talking about selling businesses.

No additional investments were made in mature companies either.

It is clear that against this background, it is not worth waiting for business angels who want to invest in such a high-risk market as gaming.

On the other hand, as Roman Kosyachkov, managing director of RVC, noted in an interview with Vedomosti, it is not worth waiting for a further “multiple fall” of the Russian venture capital market, since the outflow of independent capital is compensated by state investments. This is confirmed by the comment of Maxim Steigerwald, Investment Director of the Internet Initiatives Development Fund, which was created at the initiative of Russian President Vladimir Putin. According to the latter, the FRII did not reduce its activity, despite the crisis.

We also recall that the Skolkovo Foundation recently announced its readiness to invest 5 million rubles in gaming middleware.

A source: http://www.vedomosti.ru