“The venture capital market in Russia, in principle, is in a coma”

2023-06-12 22:52:10

The economic crisis and the closure of international capital markets reduced the already low interest of private investors in the Russian venture capital market. At the end of 2022, 118 transactions were concluded on the market, which is half as much as a year earlier. However, the market is adapting. Kirill Varlamov, CEO of the Internet Initiatives Development Fund (IIDF), told Vedomosti about his survival strategy in difficult times.