Last week, RVC, the national fund of funds dedicated to innovation, and PWC presented a report about the Russian VC market in 2012. While in 2011 the total amount of deals reached approximately $400 million, the market more than doubled in 2012, reaching $910.6 million.
The figure includes only those deals which have been made public, with a PWC estimate included whenever their amount remained undisclosed.
Most of the deals (84%) took place in the IT sector, with biotech accounting for only 7% and industrial technologies for 9%. The number of venture funds also notably increased, from 120 at most in 2011 to 160 in 2012.
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