russian venture capital market overview 1h2015
TRANSCRIPT
IN COOPERATION WITH
Russian Venture Capital Market Overview
1H 2015
IN COOPERATION WITH
Contents
2
Greeting 3
About RMG Partners 4 Two-Minute Tour of the Russian Venture Capital Market 5
Key Findings 6
VC Market Overview 7
Exits and Large Deals 8
Market Structure 9
Soft / Internet - B2B 13
Soft / Internet - B2C 14
Venture Fund Survey 15
Methodology 16
Deal List for 1H2015 17
Calendar of Events 2015 27
Contacts 50
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Dear Colleagues,
We are pleased to present out latest regular report. As autumn moves on toward the New Year I can say with confidence that the Russian venture capital market is in a better place than most sectors of the Russian economy, though it has not yet returned to growth. Positive signs include a substantial commitment by government to support early-stage projects. In particular, the Generation S accelerator is selecting projects right across Russia and putting them in touch with strategic customers.
Another interesting development is the appearance of interest in the venture industry from top and middle managers of the non-technology corporate sector, who are seeing venture investments as an alternative to (currently depressed) real estate as an object for investment of their company’s spare cash.
Nobody doubts that technologies have penetrated or will penetrate almost every sector of the economy. This means that investments in venture projects make sense both for private investors and also for corporations. The latter may view such investments as purely financial or may be in search of new technologies that can update their business.
This appearance of corporate venture capital funds clearly shows that corporations have grasped the importance of technologies developed out-of-house for the future of their main business. Large corporations in many different sectors have now launched their own accelerators or opened venture investment divisions, from OMZ in metallurgy to NPO Saturn in the aerospace industry, Alfa-Bank in finance, and Inter RAO and Rosatom in the energy sector. However, the jury is still out as regards efficiency of these initiatives. We will follow trades and exits from portfolio companies by new corporate funds and accelerators.
As usual our regular report contains new opinions and interviews by market experts as well as main indicators for the venture capital industry.
I will be very glad to receive your comments, remarks and suggestions on the Report.
Please send an e-mail to [email protected].
Arseniy Dabbakh Chief Executive Officer RMG Partners
3
Greeting
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About RMG Partners
RMG Partners is an independent Russian investment company. In 20 years of work the Company has built an impeccable reputation among clients and professional market players as a reliable partner.
RMG Partners provides Russian and foreign companies with a wide range of services in the field of venture capital investments: - search for promising target assets; - capital raising, including government or private offerings; - search for strategic investors and support to M&A deals; - support for venture projects, including strategy development and steps to
boost capital-raising potential; - recommendations on deal structure and financing methods. Analysis and
discussion of deal terms and conditions, as well as due diligence.
RMG Partners is an active member of the National Association of Alternative Investors (NAURAN). NAURAN is a non-profit partnership created to draw attention to the market of direct and venture capital investments in Russia, to form a favorable legal environment, to assist in fund raising and promote the Russian investment market on the international scene. Other members of NAURAN include:
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Two-Minute Tour of the Russian Venture Capital Market
Seed
Start-up
Growth
Expansion
Total
Transaction numbers
Investment value, $M
Average deal amount, $M
Investor structure
106 132
65.4 27.4
0.6 0.21
56 39
41.8 52.5
0.8 1.35
6 28
7.3 60.4
1.2 2.2
10 14
46.8 99.8
4.7 7.13
178 215
161 272
0.9 1.3
1H2015
1H2014
2 20 Exits
9.5 184
PrivateStateCorporationPPPBusiness angel
5
Maturity 0 2
0 32
0 16
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Key Findings
The Russian venture capital market shrank by one third y-o-y during 1H2015 in absolute investment amounts (USD). Deal numbers were down by over a quarter.
The only growth of deal numbers was for start-up projects (with measurable results in terms of product/service marketing).
The most active investors over the period were state funds, private funds and business angels (the latter investing either alone or as a part of a syndicate).
There were only two reported exits from projects (Sapato and PayOnline) in 1H2015.
There were only handful of active players left on the Russian non-state VC market by the end of the first half. At the end of June 2015 no more than 10 private funds were ready to invest in local projects and around 3-4 funds were ready to consider investment.
Investors still give preference to B2C projects and the classic IT and telecom segments.
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VC Market Overview
7
Source: RMG partners
158 222
385
142 151 139 165 197 262
193 221 213 78 93
101 90
86 97
73 53
101 129
134
101
116 110
90
90
0
50
100
150
-
100
200
300
400
500
1Q2012
2Q2012
3Q2012
4Q2012
1Q2013
2Q2013
3Q2013
4Q2013
1Q2014
2Q2014
3Q2014
4Q2014
1Q2015
2Q2015
Value, $M (left axis) Number of deals (right axis)
In this highly challenging year for the Russian innovation industry, those investors who stay committed to the local market have become very selective in their choice of both early-stage and relatively mature projects. Investors are making tougher demands on make-up of the project team, which must include businessmen who push product/service marketing from the outset, and they are also insisting on a definite development horizon and proven business model. But this more cautious approach has not averted failures: there was a spate of delays and closures of start-ups in the first half (Boomy, Mamagazin, Sotmarket, Molotok.ru, Completing, Chooos, MyRooms and Witget, to name but a few). Ruble decline added to the woes of investors in local projects, who saw their assets lose 30-50% of their value for this reason alone. However, investment amounts per project were almost changed y-o-y in 1H2015. This was because ruble devaluation was offset by growth of investments in ruble terms. Investments in early-stage projects were between $25,000 and $100,000 (1.5 to 7-8 million rubles) and took equity stakes between 7% and 30% on average, according to our findings. Over-valuations of early-stage startups have disappeared in the new harsher environment. There were only 16 investments in Russian projects at the expansion and growth stage in 1H2015. The strong preference for (relatively inexpensive) start-ups and for projects abroad reflects the overall cooling of interest in the Russian innovation market this year.
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Exits and Large Deals
8
Source: RMG partners
272 161
184
0
200
400
600
1H2014 1H2015
Investments, $M
Base market Exits
There were almost no exits from projects by Russian investors in 1H2015 and this is explained by devaluation of assets. Negative sentiment, which dominated since the summer of 2014, led many investment funds to cease portfolio expansion, and funds that offered assets on the market had to accept sales at knock-down prices to non-specialized buyers. Successful M&A operations were limited in number (Ozon.ru-Sapato-KupiVIP, Payonline-SD Ventures-NetElement). As investors focused on limiting losses and saving their reputation, “exotic" (for Russia) investment schemes such as Media4Equity (Prostor Capital), sweat money (MetaBeta, The Founder Institute), etc. disappeared from the scene.
“We have taken a tougher approach to rating of Russian start-ups, ruble revenue has become much less attractive due to the unpredictable exchange rate and low liquidity of these companies. But, we are still investing in Russian companies that earn dollars. We focus on technological innovation – management innovation is not particularly interesting to us. We are ready to take risks, but not at the seed stage. The Fund monitors firms emerging from foreign accelerators (Y Combinator, TechStars , etc.) and, in Russia, from the IIDF (Internet Initiative Development Fund). Konstantin Vinogradov, Investment manager, Runa Capital
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Market Structure: Stages
9
45
22
7 1
29
15
5 3
61
22
4 7
98
14 8 6
1
85
22
10 2 2
47
17 18 12
73
22
7 10
66
21 13
5
38 42
3 6 0
68
14
3 4 0
Seed Start Up Growth Expansion Maturity
Number of venture deals by development stages
1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015Source: RMG partners
Most investments in 1H2015 were made by government funds, private funds and business angels operating either alone or in syndicates. At the end of June 2015 only 10 private funds were ready to invest in local projects and about 3-4 more would consider investing (according to findings of the survey by RMG Partners among active venture investors). Other non-government investors either refocused on Western markets or suspended their activity indefinitely. This left the field open to government, which has broadened the range of subsidies and grants to innovative start-ups, doubling overall funding through the “Start” and "Development" programmes and removing limits on the number of applications from one company (this applies to micro grants from the Skolkovo Foundation). However, the government is now imposing more restrictions on funding applicants. Criteria include location of intellectual property, biography and employment history of participants, letters of support from other government agencies, specific forms of contract reporting, non-government co-funding, etc. The recent market traumas have brought changes in the management teams of government funds and development institutions (the Skolkovo Foundation, Ingria, Kazan IT-Park, Moscow IDC) and also of private funds (Life Sreda, QIWI Venture, Flint Capital).
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6 4 23 25
51
82
36
0
5,0
0 0
20
40
60
80
100
120
1H2014 1H2015 1H2014 1H2015 1H2014 1H2015 1H2014 1H2015 1H2014 1H2015
Private Funds Gvt. Funds Corporations PPP Business Angels
60.4
Maturity
Investor types at development stages, $M
Source: RMG partners
Seed Start Up Growth Expansion
27.4
64.8 52.5
41.8
7.3
99.8
46.8
32
10
Market Structure: Stages
Private investors kept their focus on software, Internet (B2B and B2C) and other IT in 1H2015, mainly because it is easier to agree terms with such projects (thanks to new legislation concerning deal structuring). Industrial technologies and bio-technologies remained less popular overall and were of interest only to institutional investors (including corporates). Corporates that need innovation inputs for their own business often lack knowledge and contacts to find providers and government is trying to meet this need by organizing national contests (Generation Start as part of the START programme of the Support Fund; WebReady organized by the Skolkovo Foundation). Innovation companies that take part in such contests obtain preference for subsidies, grants and residency at innovation centers. Prize money is provided entirely by government.
“We have almost completely stopped investing in Russian projects and have started investing in Silicon Valley. That means that we have stopped making pre-seed investments and focused on the seed and round A stages. The average valuation of companies has increased because they are at a later stage and the size of the rounds has increased. But our average investment has not changed, or has even decreased a little, enabling us to diversify more. I see that the number of projects, which work for export or migrate, is increasing, and there is growing interest from Russian investors in venture capital investment as a way of taking money out of the country legally.” Pavel Cherkashin, Business Angel, Vestor.In partner
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Market structure: Investors
11
Private funds still dominant in 1H2015
Источник: RMG partners
0
20
40
60
80
100
120
Seed A B C+ Exit
VC investments by round, 1H2015, $M
Business angels Corporations Gvt. fundsPrivate funds PPP
Source: RMG partners
$M, without exits
- 10,00 20,00 30,00 40,00 50,00 60,00 70,00 80,00
PPP
Private funds
Gvt. funds
Corporations
Business angelsBiotech
Industrial tech
Other tech
Computer equipment
Soft and Internet B2B
Other IT
Soft and Internet B2C
Demand for Russian projects focused on the local market had decreased sharply by the end of 1H2015. Investors (other than state development institutions) find the risk of failure of such projects too high in the current climate. Interest has therefore shifted to start-ups which are suitable for global expansion (different funds are interested in different global regions, depending on their knowledge), with founders who can easily transfer their teams abroad and scale up their businesses, operating from one of the international start-up hubs (Singapore, London, Taiwan, San-Francisco, New York, Tel Aviv, Santiago, etc.). However, the number of Russian projects that can meet these criteria has declined significantly, for two main reasons: 1) businesses with government participation usually cannot attract a foreign partner for further development; 2) there is no established system for technology transfer from Russia to the rest of the world.
0.2 1.4 2,2
7
16
1,3 0,62 0,8 1,2
4,7
0 0,9
1H2014
1H2015
Average deal amount by stage
Source: RMG partners
$M
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Market Structure: Segments
12
Source: RMG partners
161
Biotech Hardware
Industrial tech
Other tech
Other IT
Software and Internet B2B
Enterprise management systems
Marketing and Advertising
Platforms
Other B2B/business solutions
Software and Internet
B2C
Content providers
Other B2C- solutions
0 6 8
1 1
56
3 9
12
32
89
27
3
60
-20
0
20
40
60
80
100
120
140
160
180 VC investments by sector, 1H2015 Investments without exits, $M
Total Tech 10% IT 90%
E-commerce
“Funds have definitively understood that capital is not bound by the borders of one country and have practically stopped investing in Russia. We are seeing more activity by business angels (especially micro angels), which have grown in numbers. The market is looking for an alternative to the Silicon valley model, which hasn’t worked in Russia. Regardless of any external events we’ve decided to increase our check, switch to later-stage projects and raise the bar for start-ups. We are ready to invest in technology start-ups, even if demand is unclear, provided that they are managed by an experienced team and the expected return correlates with the level of risk. Market size and potential demand are the most important things for us. The type of innovation is always secondary.” Dmitry Firskin, investment manager AltairVC.
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Enterprise management
systems 0,2%
Marketing and advertising
40,1%
Other business software 38,0%
Platform 11,9%
Other B2B solutions 9,7%
Enterprise management
systems 2,6%
Marketing and Advertising
47,5%
Other business software 16,2%
Platform 22,9%
Other B2B solutions 10,8%
Soft and Internet B2B
1H2015 $13.6M
1H2014 $48.9M
11
0,03
4
1
1H2014 1H2015
Amount, $M Quantity
23
5
21
11
1H2014 1H2015
8 5.2
10
5
1H2014 1H2015
5.3
1.3
9 9
1H2014 1H2015
11
1.6
8
4
1H2014 1H2015
Enterprise management systems Marketing and Advertising Other business software
Other B2B solutions Platform
13
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Content providers 15%
E-commerce 61%
Education 5%
Games 5%
Search and recommendations
6%
Social media 6%
Finance 67%
E-commerce 8%
Social media 1%
Other 22%
Soft and Internet B2C
18
0 7
1H2014 1H2015
Amount, $M Quantity
Content providers 72
5
29
6
1H2014 1H2015
E-commerce
6
1
14
2
1H2014 1H2015
Education
6 0.5
17
6
1H2014 1H2015
Search and recommendations
7 1
14
4
1H2014 1H2015
2
15
13 11
1H2014 1H2015
Social media Other
7
3
1
1H2014 1H2015
Games
1H2015 $70.3M
1H2014 $118.5M
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Venture Fund Survey
15
As shown by the survey of active venture funds, 1H2015 brought no good news for Russian investors trying to sell their assets or seeking additional capital for portfolio companies. The market situation was almost unchanged from the end of 2014. Most funds that stayed in Russia switched their focus to projects that ticked the following boxes: first sales already made; a clear market for the product/service; potential for extensive growth on foreign markets; and break-even point in sight. The survey found that over 50% of funds had raised their requirements for the project team, making the presence of strong managers into the key criteria and rejecting science start-ups that lack clear demand for their products. There has been clear growth in the number of deals sponsored by business angels, including co-financing by angel syndicates operating as micro-funds at the seed stage. But the increase of deal numbers has implied reduction of the average amount invested and fragmentation of the seed stage into sub-stages as investors seek to mitigate risks of start-up bankruptcy. Three quarters of the funds interviewed by RMG Partners said that they do not use online services to assess projects, but prefer to attend demonstration events by graduates from business-incubators and accelerators and to take part in selection and assessment processes. Most of the respondents believe that the crisis has made them more careful when taking investment decisions and when entering into partnerships with other market players and development institutions (including institutional investors and strategic buyers). The following funds took part in the survey: IIDF, Target Ventures, Maxfield Capital, Moscow Seed Fund, RMG Partners, VentureClub, Runa Capital, AltairVC, IT-Online Ventures, Starta Capital.
RB Partners (www.rbpartners.ru) provides investment banking services as well as investing in innovative IT projects at seed and early-growth stages via its affiliate, RB Capital . Since 2004 RB Partners has successfully closed more than 60 M&A deals with total value in excess of USD 1.7 billion and invested in 3 IT ventures in Moscow and Saint-Petersburg.
Since 2010 RB Partners has been a member of the Globalscope international association (www.globalscopepartners.com), which includes 45 investment consulting firms from 37 different countries, specializing in M&A and corporate finance.
RB Partners group currently comprises the holding company RB Partners and several portfolio companies, which together employ more than 100 professionals.
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Methodology
Methods used in this research are based on recommendations developed by the Russian Venture Capital Association (RVCA) with the help of Russian VC market players. “Venture capital investments” are defined as investments of up to 100 million dollars in high-risk, high-tech and potentially highly profitable projects, targeting IRR of at least 15%. “Investments” are defined as acquisition of equity in a non-public company in return for investments and/or long-term financing with the possibility of equity conversion (including with suspensive conditions). Investments may be made by funds (Russian or foreign legal entities raising capital from more than one source for direct investment in non-public companies), individuals or groups of individuals. Only investments in companies working mainly on the Russian market were taken into account. Companies financed by Russian investors, but oriented mostly to foreign markets were not included the measurement of Russian VC investments. In this report “corporations” mean corporate funds (funds that are financed by their founding organizations from internal sources, but which may invest in venture companies not affiliated with the founding organization). Investments in market infrastructure and exits were not taken into account. Investments in market infrastructure mean investments in VC funds, business incubators, business accelerators, technoparks and other institutions that work in the venture market but are not venture companies. Our estimate of VC investment market size includes grants and investment loans. These sums were included in the total market size (even though a grant is a non-repayable subsidy for research and development), since, like repayable investments, they are used to finance commercial VC projects. This Report distinguishes four main stages in the development of VC projects, as follows Seed: the project exists only on paper or as a result of laboratory research. Start-up: a company is being set up or has been operating already for a short time, but it has not yet sold its products for money. Growth: commercial production, first turnover from sales. Expansion: expansion of sales, market share, output, office space, etc. In the deal list below we also define project advancement by the funding stage reached in 1H2015. We refer to the first round of investments as “Seed”, followed by rounds A, B, C, and denote any further stages as C+ We group all VC projects into 7 sectors: biotechnologies; industrial technologies; computer technologies and hardware; other technologies; B2B software/Internet; B2C
software/Internet; other IT. Biotechnologies: healthcare, pharmaceuticals, diagnostics and medical equipment development. Industrial technologies: laser, energy, aerospace technologies, robotics, green and other technologies for industrial use. Computer technologies and hardware: telecommunications, data storage, mobile technologies and computer hardware. Software/Internet – B2B: applications and web services whose clients are enterprises (business management, marketing, IT product development solutions, etc.). Software/Internet – B2C: applications and web services whose clients are individuals (e-commerce, content provision, search engines, consumer finance solutions, education, games, social networks, etc.). The information used in the table of deals below was taken from mass media, open databases (Rusbase, AngelList, etc.), and internal sources of RMG Partners.
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List of Deals in 1H2015
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№ Deal date Project Investor Investor
type
Deal value,
$M
Company developme
nt stage
Investment round Sector Sub-sector
1 Jan Optoguard Nanotech Skolkovo PPP 1.23 Seed Seed Industrial_Tech Laser Tech
2 Jan Anews TMT Investments, Run Capital, 101Startup Private 2.7 Startup C+
Software_Internet_B2C Content Providers
3 Jan Dental Cloud Imperious Group Private 0.047 Seed Seed Software_Internet_B2B Platform/Middleware
4 Jan GeoCV Starta Capital (0,03); Moscow Seed Fund (0,062) PPP 0.092 Seed Seed
Software_Internet_B2C
Other B2C Internet services/software
5 Jan Pinxter Private investors Private 0.5 Expansion A Software_Internet_B2C
Search/Recommendations
6 Jan Ros.Taxi Yandex Corporate 1.8 Expansion A Software_Internet_B2B Other B2B software
7 Jan PostgreSQL Anton Suschkevich Angel 5 Expansion A Software_Internet_B2B Other B2B software
8 Jan Box2Box QIWI Corporate 0.5 Seed Seed Software_Internet_B2C E-commerce
9 Jan Rentmania FASIE Gvt. 0.015 Startup Seed Software_Internet_B2C
E-commerce
10 Feb Netology group Buran Venture Capital, InVenture Partners Private 2.1 Growth A
Software_Internet_B2C Education
11 Feb
Energy exploration technology, Arkadiy Zlobinskiy FASIE Gvt. 0.015 Seed Seed Industrial_Tech Other Industrial Tech
12 Feb
Med. Equipment sterilizer, Sergey Kavetskiy FASIE Gvt. 0.015 Seed Seed Biotechnology Medical Equipment
13 Feb
Laser cutting and welding, Vitaliy Alekseenko FASIE Gvt. 0.015 Seed Seed IIndustrial_Tech Laser Tech
14 Feb Bicycle security system,
FASIE Gvt. 0.4 Seed Seed
Software_Internet_B2C
Other B2C Internet services/software
15 Feb Big data analyzer DIRECTUAL
FASIE Gvt. 0.4 Seed Seed
Software_Internet_B2B
Other business software
16 Feb Virtual reality analyzer FASIE Gvt. 0.4 Seed Seed
Other_Technologies Other_Technologies
17 Feb Ficus FASIE Gvt. 0.4 Seed Seed Other_Technologies Other_Technologies
18 Feb RocketCallback Private investor Angel 0.06 Startup A Software_Internet_B2B Other B2B software
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№ Deal date Project Investor Investor
type
Deal value,
$M
Company developme
nt stage
Investment round Sector Sub-sector
19 Feb RoboCV I2BF Global Private 3 Expansion A Industrial_Tech Robotics
20 Feb Mamsy ru-Net, Baring Private
15 Expansion A Software_Internet_B2C E-commerce
21 Feb Wicron Ashmanov and partners
Private 0.08 Startup Seed Industrial_Tech Robotics
22 Feb Wicron Skolkovo Foundation
Gvt. 0.08 Startup Seed Industrial_Tech Robotics
23 Feb Netologia Group Venture Capital, Inventure Partners
Private 2.1 Startup C+ Software_Internet_B2C Education
24 Feb Vse evakuatoryi Rossii FASIE
Gvt. 0.02
Seed
Seed
Software_Internet_B2C Other B2C Internet services/software
25 Feb PromoAtlas FASIE Gvt.
0.02 Startup Seed
Software_Internet_B2C Other B2C Internet services/software
26 Feb Tictag.ru
Rostislav Kishenkov, Robot Food and Tech Angel 0.6 Startup Seed Software_Internet_B2C E-commerce
27 Feb MobilityLab IT Private 3 Startup A Software_Internet_B2B
Enterprise management software
28 Feb Bagazh iz ruk v ruki
Alexandr Borodich, Bogdan Yarovoi, private investors Angel 0.2 Seed Seed Software_Internet_B2B Other B2B software
29 Feb Stealthy Messenger Nikita Khalyavin Angel 0.0001 Seed Seed Software_Internet_B2C Social Media
30 Feb Adaperio Rustam Baekenov Angel 0.03 Startup Seed Software_Internet_B2C E-commerce
31 Feb GetIntent AltairVC Private 0.4 Growth Seed Software_Internet_B2C Other B2C Internet services/software
32 Feb Poblizosti.pro Alexandr Timoshenko Angel 0.2 Startup A Software_Internet_B2C E-commerce
33 Feb Lobster
Bogdan, Yarovoyi, Igor Yatrovoi, Igor Kaloshin, Ilya Mirochnik Angel 0.15 Startup Seed Software_Internet_B2C Social Media
34 Feb BigPicture Oleg Zakharchenko Angel 0.2 Growth Seed Software_Internet_B2C Social media
35 Feb Аvtoplanshet IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2C
Other B2C Internet services/software
36 Feb ASU Bankomatyi IIDF Gvt. 0.022 Startup Seed Other_Technologies Other_Technologies
37 Feb AFK IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Other_Technologies Other_Technologies
38 Feb NDFLka IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Other_Technologies Other_Technologies
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№ Deal date Project Investor Investor
type
Deal value,
$M
Company developme
nt stage
Investment round Sector Sub-sector
39 Feb Bez Pyili IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
40 Feb Instruktor po pokupke kvartir IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
41 Feb Moi Mechanik IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C Search/Recommendations
42 Feb Teledacha IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2C
Other B2C Internet services/software
43 Feb Yu-test IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C Other B2C Internet services/software
44 Feb Appfollow IIDF Gvt. 0.022 Startup Seed Software_Internet_B2B Marketing/Advertising
45 Feb Dreamroomer IIDF, Microsoft Seed Fund Gvt. 0.04 Startup A Software_Internet_B2C E-commerce
46 Feb HappyCart IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
47 Feb Petshotel IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2C E-commerce
48 Feb Promarket IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
49 Feb Scrut IIDF Gvt. 0.022 Startup Seed Software_Internet_B2B Other B2B software
50 Feb WebSemantics IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2B Marketing/Advertising
51 Feb Odarennyie deti IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C Social media
52 Feb Qubequ IIDF Gvt. 0.022 Startup A Software_Internet_B2B Other business software
53 Feb PressIndex IIDF Gvt. 0.022 Startup Seed Software_Internet_B2B Other B2B software
54 Feb Strizh IIDF Gvt. 0.022 Startup Seed Computer_Technologies_Hardware
55 Feb Rentcar IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
56 Feb Robolanding IIDF Gvt. 0.022 Seed Seed Software_Internet_B2B Marketing/Advertising
57 Feb Kartadoma IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
58 Feb CERAmarketing IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2B Marketing/Advertising
59 Feb Good Trade IIDF Gvt. 0.022 Startup Seed Software_Internet_B2C E-commerce
60 Feb Teslawatch IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Other_Technologies Other_Technologies
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№ Deal date Project Investor Investor type
Deal value,
$M
Company developme
nt stage
Investment round Sector Sub-sector
61 Feb IIS Eldis IIDF, Microsoft Seed Fund Gvt. 0.04 Startup Seed Other_Technologies Other_Technologies
62 Feb Chestnaya Cena IIDF Gvt. 0.022 Startup Seed Software_Internet_B2B Marketing/Advertising
63 Mar Oktogo
MCI Management, Mangrove Capital Partners, ABRT Venture Fund, Ventech Private 5 Expansion C+ Software_Internet_B2C E-commerce
64 Mar Ensol Founders Private 0.5 Startup A Industrial_Tech Power Supply Tech
65 Mar Promeo Private 0.018 Seed Seed Software_Internet_B2C Social media
66 Mar Helpmed Private 1 Seed Seed Software_Internet_B2C Other B2C Internet services/software
67 Mar CartPay Co. FASIE Gvt. 0.018 Seed Seed Industrial_Tech Other Industrial Tech
68 Mar CartPay Co. Private 0.06 Seed Seed Industrial_Tech Other Industrial Tech
69 Mar SocialKey Ads Digital Society Laboratory Corporate 3.5 Seed Seed Software_Internet_B2B Marketing/Advertising
70 Mar Promobit kamaFlow Private 0.2 Seed Seed Software_Internet_B2B Other B2B software
71 Mar Codeweb Skolkovo Gvt. 0.33 Seed Seed Software_Internet_B2B Other B2B software
72 Mar Double Data
Columbus Nova, Almaz Capital Partners, Simile, Venture Partners, LETA Capital, I2BF Global Ventures Private 3.3 Startup A Software_Internet_B2B Other B2B software
73 Mar TicketsCloud
2be.lu Investment, Bogdan Yarovoiy Private 0.3 Seed Seed Software_Internet_B2B Platform/Middleware
74 Mar Electronic herd Eco-innovations Corporate 0.414 Seed Seed Software_Internet_B2B Other business software
75 Mar Trucker Path Renren Corporate 1.5 Startup A Software_Internet_B2C Search/Recommendations
76 Mar Wedvice
Doctornet.pro, Alexander Vorobev, Vitaly Fridzon Private 0.042 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
77 Mar Life.film Alexey Karlov Angel 0.02 Seed Seed Software_Internet_B2C Other B2C Internet services/software
78 Mar Smart Wi-Fi Private 0.07 Seed Seed Software_Internet_B2B Marketing/Advertising
79 Mar Vseveda FASIE Gvt. 0.018 Seed Seed Software_Internet_B2C Search/Recommendations
80 Mar Mobiforce FASIE Gvt. 0.018 Seed Seed Software_Internet_B2B Other business software
21
IN COOPERATION WITH
№
Deal
date
Project Investor Investor type Deal
value, $M
Company developme
nt stage
Investment round Sector Sub-sector
81 Mar Solomoto Bloomberg Capital Private 8 Startup A Software_Internet_B2B Platform/Middleware
82 Mar BaseRide Technologies IncuVest Private 0.6 Seed Seed Other_IT Other_IT
83 Mar InstallTracker Angel 1 Seed Seed Software_Internet_B2B Platform/Middleware
84 Mar AMSRus the Untitled Private 0.01 Seed Seed Software_Internet_B2C Social media
85 Mar Tutzhdut the Untitled Private 0.01 Seed Seed Software_Internet_B2B Other business software
86 Mar Ediniy medicinskiy portal Angel 0.3 Seed Seed Software_Internet_B2C
Search/Recommendations
87 Mar Chistaya planeta Venture fund of Promsvyazbank Corporate 0.025 Seed Seed Industrial_Tech Other Industrial Tech
88 Mar RTM Diagnostika
Biofund RVK, Modernization and Technology Development Fund PPP 0.717 Seed A Biotechnology
Diagnostics & Research
89 Mar ArCycle Altair Capital, Almaz Capital Private 0.6 Seed Seed Software_Internet_B2B Other B2B software
90 Mar PayOnline Net Element International Corporate 8.5 Mature Exit Software_Internet_B2B Other B2B software
91 Apr New cloud technologies* Anton Cheglakov Angel 9.5 Startup A Software_Internet_B2B
Other business software
92 Apr Group-IB IIDF Gvt. 4 Expansion A Software_Internet_B2B Other business software
93 Apr Clickky iTech Capital Private 2 Startup A Software_Internet_B2B Marketing/Advertising
94 Apr Comindware angel, Skolkovo PPP 1.18 Startup A Software_Internet_B2C
Other B2C Internet services/software
95 Apr FlowWow Stanislav Kotomkin Angel 0.08 Seed Seed
Software_Internet_B2C E-commerce
96 Apr BabyTask Vasily Voropaev Angel 0.06 Seed Seed Software_Internet_B2C Social Media
97 Apr Scorista
Life.Sreda, Moscow Seed Fund PPP 0.24 Startup Seed
Software_Internet_B2C Finance
98 Apr Sapato KupiVIP Corporate 1 Mature Exit Software_Internet_B2C E-commerce
99 Apr 2Do2Go FASIE Gvt. 0.225 Seed Seed Software_Internet_B2C Social Media
100 Apr WiMark Systems Skolkovo, Ruslan Smelyanskiy PPP 0.12 Seed Seed Software_Internet_B2B
Other business software
101 Apr DigiFabster angels Angel 0.1 Seed Seed Other_Technologies Other_Technologies
102 Apr Roster angels Angel 0.25 Seed Seed Software_Internet_B2C Social Media
22
IN COOPERATION WITH
№ Deal date Project Investor Investor
type Deal
value, $M
Company development
stage
Investment round
Sector Sub-sector
103 Apr Polystock Alexander Khripunov Angel 0.1 Seed Seed Software_Internet_B2B
Other business software
104 Apr Encom Smart Panel FASIE Gvt. 0.02 Seed Seed
Computer_Technologies_Hardware
Computers & Computer Systems
105 Apr Little Gentrys Maxim Faldin Angel 2 Seed Seed Software_Internet_B2C E-commerce
106 Apr iBinom Andrey Afanasiev Angel 0.3 Startup Seed Software_Internet_B2C Other B2C Internet services/software
107 Apr Yaclass
Moscow Seed Fund, Pavel Kovsharov PPP 0.24 Startup Seed Software_Internet_B2C Education
108 Apr MediaSync private investors Private 0.2 Seed Seed Software_Internet_B2B Marketing/Advertising
109 Apr VisionLabs
Moscow School of Management Skolkovo, Fund of Nubar Afeyan Private 0.014 Seed Seed Industrial_Tech Robotics
110 Apr WiMark Systems** Skolkovo Gvt.
0.094 Seed Seed Software_Internet_B2B Other B2B software
111 Apr ETB catalytic technology** Skolkovo Gvt.
0.376 Startup Seed Industrial_Tech Other Industrial Tech
112 Apr VDM-technique** Skolkovo Gvt.
0.466 Startup Seed Industrial_Tech Other Industrial Tech
113 Apr Linguatrip 500 Startups Private 0.100 Seed Seed Software_Internet_B2C E-commerce
114 May Lobster Valley Venture Mentors Private
0.033 Startup Seed Software_Internet_B2C E-commerce
115 May Touch Bank OTP Bank Plc Corporate 40 Seed A Software_Internet_B2C Finance
116 May Level.Travel Sergey Vatutin Angel 0.6 Startup Seed Software_Internet_B2C E-commerce
117 May Kribrum Skolkovo, Infowatch PPP 1 Seed Seed Software_Internet_B2B Other business software
118 May AnyBalance QIWI Venture Corporate 0.15 Seed Seed Software_Internet_B2C Finance
119 May Dogsy Evgeny Gordeev Angel 0.04 Seed Seed Software_Internet_B2C Search/Recommendations
120 May BlackmoonFG Oleg Seidak, Ilya Perekopskiy Angel 1 Seed Seed Software_Internet_B2B Platform/Middleware
121 May TAPKI.COM Angel 0.06 Seed Seed Software_Internet_B2C Search/Recommendations
122 May Gbooking Vestor.in, the Untitled, Altair Private 0.425 Startup Seed Software_Internet_B2B Platform/Middleware
123 May Open platform Sergey Vasiliev Angel 1 Seed Seed Software_Internet_B2B Platform/Middleware
124 May ParkApp Sun Capital Private 0.3 Seed Seed Software_Internet_B2C Search/Recommendations
125 May MoneyMan Emery Capital, Vadim Dymov Private 6 Expansion B Software_Internet_B2C Finance
23
**Ruble sum converted to dollars at the average CBR rate for the month *$9.02M accordnig to Firrma (exchange rate in April 2015)
IN COOPERATION WITH
№ Deal date Project Investor Investor
type
Deal value,
$M
Company development
stage
Investment
round Sector Sub-sector
126 May LinguaLeo
Runa Capital, Social Discovery Ventures Private
0.5 Growth B Software_Internet_B2C Education
127 May Healbe
Starta Capital, Dmitry Chaliy, Alexander Tarakanov, Alexey Girin Private
3.5 Growth A Biotechnology Medical Equipment
128 May Medviser Roman Abramovich Angel
0.5 Seed Seed Software_Internet_B2C Other B2C Internet services/software
129 May SMTDP Almaz Capital Partners Private
0.03 Seed Seed Software_Internet_B2B Other B2B software
130 May Whofix Dmitry Sinkevich Private
0.008 Seed Seed Software_Internet_B2C Search/Recommendations
131 May Aizel
Bonum Capital (Suleyman Kerimov) Private
2.5 Startup A Software_Internet_B2C E-commerce
132 May Privet.ru Ilya Perekopskiy Angel
0.3 Seed Seed Software_Internet_B2C Social Media
133 May RealSpeaker Startup Chile Gvt.
0.032 Seed Seed Computer_Technologies_Hardware
Communications, Networking & Storage
134 May
Service for making dentist appointments online FASIE Angel
0.008 Seed Seed Biotechnology Medical Equipment
135 May Developmental mobile game FASIE Angel
0.008 Seed Seed Software_Internet_B2C Gaming
136 May Device for vein visualisation FASIE Angel
0.008 Seed Seed Biotechnology
Diagnostics & Research
137 May
Voice mobile app for people with speech disorders FASIE Angel
0.008 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
138 May Amenity FASIE Angel
0.008 Seed Seed Software_Internet_B2B Other B2B software
139 May 3D-StomPrint FASIE Angel
0.008 Seed Seed Biotechnology Medical Equipment
140 May TransportTV** Skolkovo Gvt.
0.099 Seed Seed Software_Internet_B2B Platform/Middleware
141 May Relex** Skolkovo Gvt.
0.634 Startup Seed Software_Internet_B2B Other B2B software
142 Jun Ivideon Impulse VC Private 4 Expansion B Software_Internet_B2B
Other business software
24
IN COOPERATION WITH
№ Deal date Project Investor Investor
type
Deal value,
$M
Company development
stage
Investment
round Sector Sub-sector
143 Jun 1World Online
ALTAIR CAPITAL, GVA LAUNCHGURUS, DEFTA Partners, Nest HK, business angels from Berkeley Angels, Keiretsu Forum and others Private
2.5 Expansion A Software_Internet_B2B
Marketing/Advertising
144 Jun Turbodealer IIDF, Microsoft PPP
0.031 Seed Seed Software_Internet_B2C Search/Recommendations
145 Jun Technovizor IIDF, Microsoft PPP
0.031 Seed Seed Other_IT Other_IT
146 Jun TeamKey IIDF, Microsoft PPP
0.031 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
147 Jun NitrosBase.js IIDF, Microsoft PPP
0.031 Seed Seed Software_Internet_B2B Other B2B software
148 Jun inHome IIDF, Microsoft PPP
0.031 Seed Seed Computer_Technologies_Hardware
Computers & Computer Systems
149 Jun CloudStats IIDF, Microsoft PPP
0.031 Seed Seed Software_Internet_B2B Other B2B software
150 Jun DOOGLYS IIDF, Microsoft PPP
0.031 Seed Seed Software_Internet_B2B
Enterprise management software
151 Jun BIKEDEFEND IIDF, Microsoft PPP
0.031 Seed Seed Other_IT Other_IT
152 Jun Aeroxo
I2BF Global Ventures, Eldar Razroev, Skolkovo PPP
1.091 Seed Seed Industrial_Tech Robotics
153 Jun RetailCRM Edison.VC Private 0.6 Growth A Software_Internet_B2B Marketing/Advertising
154 Jun Test-lab (khimservice) Skolkovo Gvt. 0.91 Seed Seed Biotechnology Medical Equipment
155 Jun A2 Leasing System IIDF PPP 0.02 Seed Seed Software_Internet_B2B Finance
156 Jun ComfortWay IIDF PPP 0.02 Seed Seed Computer_Technologies_Hardware
Mobile Technology
157 Jun IATRA IIDF PPP 0.02 Seed Seed Software_Internet_B2C Search/Recommendations
158 Jun Inwion IIDF PPP 0.02 Seed Seed Other_IT Other_IT
159 Jun SlideVision IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
160 Jun Supl.biz IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
25
** Ruble sum converted to dollars at the average CBR rate for the month
IN COOPERATION WITH
№ Deal date Project Investor Investor
type
Deal value,
$M
Company development
stage
Investment round Sector Sub-sector
161 Jun Tvil.ru IIDF PPP 0.02 Seed Seed Software_Internet_B2C Finance
162 Jun Aksicredit IIDF PPP 0.02 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
163 Jun Advokat.ru IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
164 Jun Beguchka IIDF PPP 0.02 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
165 Jun Courierra IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
166 Jun Labrika IIDF PPP 0.02 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
167 Jun
Open cemetery (Otkrytoye kladbische) IIDF PPP 0.02 Seed Seed
Software_Internet_B2B Marketing/Advertising
168 Jun Fitness-Clubs.Pro IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
169 Jun SponsorBureau #1 IIDF PPP 0.02 Seed Seed Software_Internet_B2B Marketing/Advertising
170 Jun Teleport IIDF PPP 0.02 Seed Seed Software_Internet_B2B Finance
171 Jun BOOKINNA RMG Partners, VentureClub Private 0.2 Startup Seed
Software_Internet_B2C E-commerce
172 Jun Freee SocialBox Mikhail Klimarev Angel 0.046 Seed Seed Software_Internet_B2C
Other B2C Internet services/software
173 Jun OnlinePatent** Skolkovo Gvt. 0.092 Seed Seed Software_Internet_B2B Platform/Middleware
174 Jun NFWare** Skolkovo Gvt. 0.092 Seed Seed Other_IT Other_IT
175 Jun Digital Loyalty System** Skolkovo Gvt. 0.092 Seed Seed
Software_Internet_B2B Other B2B software
176 Jun MEGARAD** Skolkovo Gvt. 0.092 Seed Seed Industrial_Tech Satellites & Space
177 Jun 3d Bioprinting solutions** Skolkovo Gvt. 0.358 Seed Seed Biotechnology Medical Equipment
178 Jun Membrany - NC** Skolkovo Gvt. 0.380 Seed Seed Other_Technologies Other_Technologies
179 Jun Marineco** Skolkovo Gvt. 0.516 Seed Seed Industrial_Tech Other Industrial Tech
180 Jun WebKontrol** Skolkovo Gvt. 0.092 Seed Seed Software_Internet_B2B Other B2B software
26
** Ruble sum converted to dollars at the average CBR rate for the month
IN COOPERATION WITH
Calendar of Events 2015
27
IN COOPERATION WITH
Event Calendar: January
28
Event City Date Organizer Institutional modernization of
Russia - what is role of innovations?
Moscow 14 RVC
Gaidar Forum – 2015, Russia and the world: new vector*
Moscow 14 Russian Academy of the National Economy and State Service, Gaidar Institute of Economic
Policy, Gaidar Foundation
Institutional modernization of Russia - what is the role of
innovation ?
Moscow 14 RBC
Brand&Retail Session at the Konsumexpo-2015
Moscow 19 В2В Сontact
World Economic Forum Annual Meeting 2015
Davos-Klosters 21-24 World Economic Forum
Winter scientific school, Modern Biology & Biotechnology of the
Future, 2015
Moscow 25 Future Biotech
Innovation policy of Russia and development of the regions,
Innovation in the new economic realities (first national
conference)
Skolkovo 28 Skolkovo Foundation
StartupLynch — project evaluation
St. Petersburg 30 Ingria Business Incubator
IN COOPERATION WITH
Event Calendar: February
29
Event City Date Organizer Summit on the information
society Abu Dhabi 1-3 Interactive Communications in
Advertising (IKRA) Open day at IKRA school Moscow 1 Interactive Communications in
Advertising (IKRA) Russian Startup Tour Rostov-on-Don 3 Skolkovo Foundation
Robocenter in Rostov-on-Don Rostov-on-Don 3
Cbonds Presentation in Hong Kong
Hong Kong 6 Cbonds
Russian conference of developers and users of
PostgreSQL
Moscow 6-7 RAEC
SuperInvestor U.S. 2015 San Francisco 9-11 NVCA
Russian Startup Tour Tomsk 11-12 Skolkovo Foundation 4th European conference on
science, technology and innovation(Transfiere)*
Malaga 11-12
Cyber Security Forum 2015 Moscow 12 RAEC LP-GP Forum: Clean Energy &
Sustainability London 12 AltAssets
Electronic trading platforms in Russia: who's who
Moscow 12 Expert RA
3d Print Conference Baku Baku 12 Smile Expo
TEDxMoscow Moscow 15 Skolkovo Foundation Russian Startup Tour Nizhny Novgorod 17 Skolkovo Foundation
Russian Mortgage Congress Moscow 19 Cbonds
The crisis of corporate debt . Technology for resolution of difficult situations between
lenders and borrowers
Moscow 19 Vedomosti
14th project selection. Business Incubator IT park (Naberezhnye
Chelny)
Naberezhnye Chelny 21 IT Park Kazan
IN COOPERATION WITH 30
Event Calendar: February
Event City Date Organizer Belarus Startup 2015 Minsk 21
The Ministry of Education of
Belarus, IT House The Ninth International
Conference on Digital Society Lisbon 22-27 IARIA
Internet of Things - IT Challenge
Moscow 25 Skolkovo Foundation
Meeting between leading experts of Skolkovo Foundation
and developers of innovative projects
Skolkovo 25 Skolkovo Foundation
5th stage of KRITBI incubator acceleration program
Krasnoyarsk
25 LOGA Group, KGAU KRITBI
Krasnoyarsk Economic Forum - 2015
Krasnoyarsk 26 The government of Krasnoyarsk region
Exhibition, Perspective 2015 St. Petersburg 28 Exhibition Port
Event Calendar: March Event City Date Organizer
Implementation of prototyping tools and software development strategy for international markets
Tel Aviv 02 РВC
Russian Startup Tour Kazan 03
Skolkovo Foundation
Mobile World Congress 2015 Barcelona 2
Communication of scientific breakthroughs (session at the
Communication on TOP conference)
Geneva
09 Top Communications GmbH
Mega-Projects of Russia and the world : Solutions That Work
Cannes 10 Kommersant
Russian Startup Tour Yekaterinburg 11
Skolkovo Foundation
IN COOPERATION WITH 31
Event City Date Organizer Conference Internet of things Moscow 12 Smile Expo
Connected Car Conference Moscow 12 Smile Expo Mobile Application&
Technology Expo (MATE Expo) Moscow 12 Smile Expo
Social Networking Congress &
Expo Moscow 12 Smile Expo
Forum: Innovation ecosystem, universities and research
centers
Moscow 12 RVC, Business Incubator Ingria, MISIS
eTarget: Audience Management and Marketing in
the Internet
Moscow 12-13 Ashmanov and partners, Rambler&Co, PRICE
M-health Conference Moscow 13 Smile Expo Demo Day Faccelerator YSE
{Inc} Moscow 13 HSE Business Incubator
Hong Kong Venture Capital Forum 2015
Hong Kong 15 HKVCA
iCOMference 2015* Moscow 17 The Runet, The Russian Association for Electronic Communications (RAEC)
Russian Startup Tour* Astana 17
Skolkovo Foundation
Roundtable: defaults and restructuring of the corporate
bond market
Moscow 18 Cbonds
TED*SkolkovoLive: Moscow, Vancouver
18 Skolkovo (university)
IV Annual partner conference* Moscow 19 RVC
Go Analytics Moscow 19 Adventum 4th Annual Partner Conference
RBC Moscow 19 RVCA
Skolkovo Robotics 2015* Moscow 20-22 Skolkovo Foundation ITMO Startup Weekend* St. Petersburg 20 St. Petersburg national research
University of information technologies, mechanics and
optics
Event Calendar: March
IN COOPERATION WITH 32
Event Calendar: March
Event City Date Organizer International Powerline forum
Rugrids-Electro* Moscow 20 Rosseti, Expocentre
Russian Start-Up Tour* Almaty 20 Almaty Management University
FINANCES TO A GROWING BUSINESS-2015*
Moscow 22 Expert RA Group
Second international Technological Forum, Innovation.
Technology. Production *
Rybinsk 23 Department of industrial policy (Yaroslavl region)
Big data Russia Moscow 24 Open systems Gvt.ations
Russian Startup Tour* St. Petersburg 25-26 Skolkovo Foundation
IT-school of Southern federal district
Maikop 27 Initiative Development Agency
Spring start-up school Stavropol 28 Plug & Play Dagestan
Tech Trends Expo Moscow 28 IIDF
Skolkovo Hackathon and IBM on Mobile Apps (Bluemix
Hackathon)
Skolkovo 28 IBM, Skolkovo Foundation, Apps4All
Scientific-practical seminar, Management of territorial clusters: best international
practices
Moscow 30 HSE
IN COOPERATION WITH
Event Calendar: April
33
Event City Date Organizer
Russian Startup Tour* Vladivostok 2 Skolkovo Foundation
Robocentre in Vladivostok* Vladivostok 2 Robocentre of Skolkovo Foundation
IT- school of the North-Western federal district
Vologda 3 IDA
Russian Startup Tour* Krasnoyarsk 6 Skolkovo Foundation
BIO KOREA 2015 Seoul 8 RVC
SAP Startup Forum* Krasnogorsk 9 RVC
IT-school of Central federal district
Yaroslavl 10 IDA
Smart City - Innovations for Life Hanover 13 Vedomosti
Regulation and management of innovation in medicine and private health (conference)
Oxford, UK
13 Synapse Intelligence
RBCC Just Networking London, UK 14 RBCC
IT- Outsourcing : anti-crisis optimization
Moscow 14 CNews Conferences
World Bank Briefing St. Petersburg 14 АЕВ
Russian Startup Tour* Minsk 14
Skolkovo Foundation
CEE private equity forum* Warsaw 16 Incisive Events
3d Print Conference Almaty Almaty 16 Smile Expo
North Caucasian Federal District IT- School
Stavropol 17 ANO Agency of Innovation Development
IN COOPERATION WITH 34
Event Calendar: April Event City Date Organizer
Taxation of oil companies Moscow 17 Russian Business Forum
HackDay #37 Ekaterinburg Ekaterinburg 17 HackDay
HRPR CAMP — 2015 Minsk 18
Invest Show Almaty 18 IRBIS
Imagine Cup Moscow 18 Microsoft
World Economic Forum on East Asia 2015*
Jakarta 19-21 The World Econ. Forum
Legal issues of the pharmaceutical industry : the interaction of government and
business in the new environment
Moscow 21 The Moscow Times
ICT in the energy industry in 2015 Moscow 21 CNews Conferences и CNews Analytics
Russian ICT-companies in Germany: a strategy for success
Düsseldorf 21 NRW.INVEST, CNews Conferences
RBCC Expats Forum* St. Petersburg 22 RBCC
Russian Forum Of Sales 2015 Moscow 22 Prime Time Forums
Russian Startup Tour* Ufa 22 Skolkovo Foundation
Navitech -2015 and IX international navigation Forum*
Moscow 22-24 Expocentre
Bankruptcy proceedings in Russia. Financial and legal aspects
Moscow 22 The Moscow Times
Russian Startup Tour * Ufa 22
Skolkovo Foundation
Russian electronics: substitution of import and prospects of
development
Moscow 22 Vedomosti
RIF+KIB 2015* Moscow 22-24 RAEC
IN COOPERATION WITH
Event Calendar: April
35
Event City Date Organizer
Mobile Show Asia 2015 Singapore 22-23 terrapinn
DEMO Traction San Francisco 22 IDG
Seminar on optimizing business processes
Moscow 22-23 Andrey Koptelov, CNews Conferences
Finance 2015: managing in condition of turbulence
Moscow 23 Kommersant
ICT in health care: successes and obstacles
Moscow 23 CNews Conferences
TNW Europe Conference 2015* Amsterdam 23-24 The Next Web
X Russian and XV Kazan venture fair *
Kazan 23-24 RVCA
IT-school of the Siberian Federal district
Ulan-Ude 24 Innovation development agency
Startup Day* Stockholm 25 GeekWire
Regional session of practical consulting
Rostov-on-Don 27 LOGA Group
Regional session of practical consulting
Yakutsk 28 Moscow Technological Institute
Wearable Technologies Conference 2015*
Milan 29 The WT Group
Russian Startup Tour* Moscow region 29
Skolkovo Foundation
IN COOPERATION WITH 36
Event City Date Organizer TechCrunch Disrupt New York
4-6 TechCrunch
World Economic Forum on Latin America 2015*
Mexico City 6-8 The World Economic Forum
2nd international scientific conference, Modern application of
nanotechnology*
Minsk 6-8 The National Academy of Sciences
of Belarus
Svyaz-Expocomm-2015* Moscow 12-15 RAEC Regional session of practical
consulting Omsk 13 LOGA Group
Management of corporate debt. Anti-crisis measures
Moscow 14 Kommersant
Startup Expo Eurasia
Moscow 15 People's Friendship University of Russia, Launch Gurus, RusBase
IT-school of Volga Federal district Ulyanovsk 15 Innovation development agency
Regional session of practical consulting
Voronezh 18 LOGA Group
The annual award, Impulse of Good Moscow 19 OUR FUTURE Fund
Investment in Russia: prospects, challenges and opportunities of the
real estate market
Tokyo 20 Kommersant
ITEX’15 Kuala Lumpur 21 C.I.S NETWORK SDN BHD
Russian conference, Best practices of project management – 2015*
Tomsk 21-22 Business Partners (non-commercial partnership)
Event Calendar: May
IN COOPERATION WITH
Event Calendar: May
37
Event City Date Organizer Investfunds Forum VI – Institutional
Investors Conference* St. Petersburg 21-25 Cbonds Congress
XII Bond Congress of CIS and Baltic States*
Baku 21-22 Cbonds Congress
The Russian market of CRM: trends 2015
Moscow 21 CNews Conferences
Corporate debt and financial restructuring
Moscow 21 Russian Business Forum
IT-school of the Ural Federal district Ekaterinburg 22 Innovation development agency
M&A 2015risks and opportunities in terms of sanctions
Moscow 22 The Moscow Times
HackDay #38 ТOmsk Tomsk 22 HackDay
BioSciencesWorld 2015 Rome 24-29 IARIA 13th Annual International Conference on Finance*
Athens 25-28 ATINER
Regional session of practical consulting
Perm 26 LOGA Group
Bank equipment: new opportunities Moscow 26 RBC
12th Flagship Conference - Russian Economy: Quo Vadis*
Moscow 27 АЕВ
III Venture investors forum* Moscow 28 Cbonds Congress, Preoveca
Corporate communication 2015: New solutions
Moscow 28 CNews Conferences
SPIK 2015 St. Petersburg 28 RAEC
St. Petersburg Internet conference St. Petersburg 28-29 RAEC, Trinet Group
IX International Conference on European Science and Technology*
Munhen 28-29 Organizing commetee ICEST
Production efficiency: strategy, management and technology
Moscow 29 The Moscow Times
Tax strategies in Russia. Aime at deoffshorization.
Moscow 29 The Moscow Times
Social hackathon Moscow 30 HSE Busines Incubator
IN COOPERATION WITH
Event Calendar: June
38
Event City Date Organizer Infosecurity Europe 2015* London 2 Reed Exhibitions
Summer meeting of technoparks Moscow 2 Skolkovo Foundation RBCC Business Forum 2015: London 2-3 RBCC
Russian Gaming Week Moscow 3 Smile Expo ANAPLAN 2015 Moscow 3 Digital October
IX Siberian Venture Fair* Novosibirsk 4-5 The government of Novosibirsk region, RVCA,
Information security of businesses and government
institutions: development in new conditions
Moscow 4 CNews Conferences
Technoprom-2015* Novosibirsk 4-5 The government of Novosibirsk region
Corporate fraud Moscow 5 Russian business Forum IT-school Far Eastern Federal
district Vladivostok 5 Innovation development agency
MixAR Moscow 6 26dotss INOTEX 2015 – 4th international
exhibition of innovations and technologies
Teheran 8 Pardis Technology Park
Optimization of expenses for IT infrastructure in 2015: how to get
out of the crisis
Moscow 9 CNews Conferences
Topical issues of intellectual property
Moscow 10 The Moscow Times
ICT in insurance: effectiveness in the new environment
Moscow 10 CNews Conferences
Payment services of the future Moscow 10 Digital October, B2B Event
Regional session of practical consulting
Ekaterinburg 10 LOGA Group
Rapid.Tech 2015* Erfurt 10 Messe Erfurt GmbH
IN COOPERATION WITH
Event Calendar: June
39
Event City Date Organizer Festival FUTUR EN in Paris – the
sixth fascicle Paris 11 Cap Digital
Factor Acceleration Program of the Ural region
Chelyabinsk 15 Non-commercial partnership BAUR (Ural)
Bio International Convention
2015*
Philadelphia
16 Biotechnology Industry Organization
International military-technical forum, ARMY-2015*
Kubinka 16 The Ministry of Defence of Russia
BI: market of new opportunities Moscow 16 CNews Conferences Meeting, open digital labs St. Petersburg 17 Fab Lab Polytech
Factor Acceleration Program of the Ural region
Tyumen 17 Non-commercial partnership BAUR
Position of authority and card management stakeholders in the process of internal negotiations
Moscow region 17 Moscow School of Management, Skolkovo
Regional session of practical
consulting Sevastopol 17 Moscow Technological Institute
Regional session of practical consulting
Tyumen 17 LOGA Group
Accelerator for technology startups in the framework of the
youth forum of Volga Federal district, iVolga-2015
Samara region,
18 The government of Samara region
Webinar “Intangible assets” Online 18 Skolkovo Foundation
IN COOPERATION WITH 40
Event Calendar: June
Event City Date Organizer
Regional session of practical consulting
Arkhangelsk 18 St. Petersburg International Economic forum
IT-school of the Crimean Federal district
Sevastopol 19 Innovation development agency
Investment Session VC&Demo Day Ingria IT SEED*
St. Petersburg 19 INGRIA Business incubator
Regional session of practical consulting
Naberezhnye Chelny
22 LOGA Group
Russia and CIS Investment Forum
Zurich 24 Hansa Fincom
Business Breakfast for the residents of Technopark, Strogino
Moscow 24 LOGA Group
IV International Assembly of Business Angels*
St. Petersburg 24 Union organization of Business angels (SOBA)
Young technicians and inventors Moscow 25 The Association of innovative regions of Russia
Start in Garage Minsk 27-28 RIS Ventures
IN COOPERATION WITH
Event Calendar: July
41
Event City Date Organizer Regional session of practical
consulting Velikiy Novgorod 1 Moscow Technological Institute
Exhebition Innorobo 2015* Lion 1-2 Innoecho
NANO KOREA 2015* Seoul 1 Nanokorea
Educational program for business angels in Samara
Samara 2 VentureClub
INNOPROM – 2015* Ekaterinburg The government of Sverdlovsk region, The Ministry of Industry and Trade of
the Russian Federation
Regional session of practical consulting
Ulan-Ude 8 Moscow Technological Institute
ROBOCROSS-2015* Nizhniy Novgorod 13 Skolkovo TechnoPark
3rd International conference on quantum technologies*
Moscow 13-18 Russian quantum center (RQC)
GSMA Mobile World Congress Shanghai 2015*
Shanghai 15 GSMA
Russian Day on Mobile World Congress
Shanghai
15 RUSSOFT, RVC
#hruMoscow: Future of Work Moscow 17 GlobalHRU LTD
III Summer school on bioinformatics 2015*
Moscow 20 Moscow State University, St. Petersburg Academic University,
Institute of Bioinformatics
ICT-BDC S 2015 Singapore 27 Global Science and Technology Forum
Seminar Dentons
Moscow 29 Dentons, Russoft, RVC
Robotics& Artificial Intelligence Camp 2015 (RAIC 2015)*
Dolgoprudniy 30 RAICamp
IN COOPERATION WITH 42
Event Calendar: August Event City Date Organizer
IT SUMMER Barnaul 1 RVC
Ready for Equity Weekend Kaliningrad 1 SmartHub, National Association Business Angels
Game Developers Conference 2015
Cologne 3 United Business Media LLC
Gamescom 2015
Cologne 5 BIU
ITCE 2015 Daegu 19 KOTRA XIII Triple Helix International
Conference 2015* Pekin 21-23 Tsinghua University
16th selection at Business-incubator of IT-Park*
Naberezhnye Chelny
22 IT-park (Naberezhnye Chelny)
Festival of innovation and creativity Make it! Show
Skolkovo 22 Smile Expo
Event Calendar: September Event City Date Organizer
Competition Web& Tech Ready Moscow 1 WebReady, Skolkovo Foundation
Startup Sauna Moscow 2 Startup Sauna, HSE Business Incubator
XIII international banking forum, Russian Banks -21 century
Sochi 2-5 Association of Regional Banks of Russia
Startup Debate: The path of a Russian businessman
Moscow 3 GVA LaunchGurus, Moscow Youth Multifunctional Center (MYMC)
IN COOPERATION WITH
Event Calendar: September
43
Event City Date Organizer
RIF* Ulyanovsk 4 The Internet Initiatives Development Fund, RAEC
Startup Sauna Kazan 4 Startup Sauna, IT-park (Kazan)
VC Bootcamp Moscow 5 GVA LaunchGurus
DLD Tel-Aviv Tel Aviv 6-12 Yossi Vardi
Annual Meeting of the New Champions 2015*
Dalian 9-11 The World Economic Forum
Seoul Business Week Seoul 8 Skolkovo Foundation, RVC, Korea Techno-Venture Foundation, Korea
Institute for The Advancement of Technology, Korea Electrotechnology
Research Institute
CTIA Super Mobility Week Las Vegas 9-11 CTIA Baikal Internet Forum 2015 Irkutsk 9 Medvedev Marketing
World communication forum, Davos-Kiev session 2015
Kiev 10 WCF-Davos
IV Interbank conference ,Money and promissory note market *
Yaroslavl 11 Cbonds congress
RIF 2015* Voronezh 11 Smile Expo
3d Print Conference, Kiev
Kiev 11 Smile Expo
EdCrunch 2015 Moscow 13 Digital October, MISIS
Video surveillance: Analytics, cloud and others
Moscow 15 CNews Conferences
Innovation forum, NEFTEGASDEM Tumen 16-17 The government of Tyumen Region
Conference, National program of the Russian Federation
St. Petersburg 17 St. Petersburg Foundation for SME Development, RIC (St. Petersburg),
RUSSOFT
IN COOPERATION WITH 44
Event City Date Organizer
International investment forum, Sochi-2015
Sochi 17-20 The Government of Russia
II Big Internet Forum BIF 2015* Almaty 18-19 Internet Avenue
Start Up Marathon* Chelyabinsk 19 The Internet Initiatives Development
Fund TechVenture 2015 - Singapore Singapore 21 The National Research Foundation
(NRF), Prime Minister's Office, Singapore; Agency for Science and
Technology’s Exploit Technologies Pte Ltd (ETPL); SPRING Singapore
8th International conference, Beam technologies and laser application*
St. Petersburg 21-23 St. Petersburg Polytechnic University, Institute of laser and welding
technologies
The 9th Annual Asian PE & VC Conference*
Hong Kong 21-24 SuperReturn Asia
Regional session of practical consulting
Krasnodar 21 LOGA Group
TechInnovation 2015 Singapore 22 IPI Singapore
CROWDMAP 2015 Moscow 23 CROWDALL
RIF Sochi 2015* Sochi 24 RAEC
II International conference, The role of intelligent transport systems in the network of toll roads of the Russian
Federation. Modern trends in national development"*
St. Petersburg 24-26 Avtodor
Event Calendar: September
IN COOPERATION WITH 45
Event City Date Organizer
Wearable Tech Moscow 25 Smile Expo
Droidcon Moscow 2015 Moscow 25 Apps4All
South Fest 2015 Sochi 25 IT61, Creative Space. PRO
Russian science festival 2015 Ufa 25-27 The Russian Ministry of Education and Science
mixAR 2015 Moscow 26 26dotss
Bitcoin Conference Kiev Kiev 26 Smile Expo
Russian Science Slam Samara 26 Regional Innovative Center
Iran Telecom 2015 Teheran 26 PALAR Samaneh
Autumn workshop, Biotechnology of the future 2015
Moscow 28
Future Biotech
Conference, International programs St. Petersburg 29 RUSSOFT, Regional Integrative Center – St. Petersburg, St. Petersburg
Foundation for SME Development
Contact center 2015: directions of development
Moscow 29 CNews Conferences
Mediabusiness. Refill Moscow 30 Vedomosti
Workshops, From idea to applications St. Petersburg 30 Regional Integrative Center – St. Petersburg, St. Petersburg
Foundation for SME Development, RUSSOFT
Event Calendar: September
IN COOPERATION WITH
Event Calendar: October
46
Event City Date Organizer Big data 2015 Moscow 1 CNews Conferences
Playground of open communication OPENBIO-2015
Novosibirsk region 1 Innovative Center Koltsovo, Biotechnopark Koltsovo, Biopharm
(non-commercial partnership)
III Annual conference, Clinical research in Russia and abroad*
Moscow 2 OCT Clinical trials
Microsys 2015*
Stuttgart 5 P. E. Schall GmbH & Co. KG
St. Petersburg international gas forum*
St. Petersburg 6-9 LLC Expo Forum - International, LLC FAREXPO
BIOTECHNICA 2015
Hannover 6 Deutsche Messe
St. Petersburg innovative forum 2015*
St. Petersburg 7-9 The Committee on industrial policy and innovation
RACE Fourth international Congress and exhibition of
affiliate programs and marketing in Russia*
Moscow 8 Smile Expo
Meet Magento Russia Moscow 9 Turnkey Ecommerce X Anniversary Russian Congress of Economic - legal regulation of innovation activity 2015 Autumn"*
Moscow 12 ASER Group
Private Client Russia & beyond London 13-15 Adam Smith Conferences VII international forum "ATOMEX
2015"* Moscow 13 LLC «Atomexpo»
International conference on
energy storage and hydrogen technologies
Skolkovo 14 Fund «Skolkovo»
itCOM 2015 Krasnoyarsk 14-16 Closed company «Krasnoyarskaya Yarmorka»
Bio Japan 2015 Yokohama 14
IDCEE 2015 Kiev 15-16 TA Venture VC fund GITEX Technology Week 2015 Dubai 18 Future Cities Asia – Malaysia Kuala Lumpur 20 Worldwide Business Research
IN COOPERATION WITH 47
Event City Date Organizer II Russian-Finnish Symposium ,
current trends in drug development*
St. Petersburg 20 Abo Acadeny
7th Russian international Congress on intelligent transport
systems*
Moscow 21 International Academy of Transport
RIW 2015 Moscow 21 RAEC Summit on the Global Agenda
2015 Abu Dhabi 25-27 The World Economic Forum
Asia Clean Energy Summit (ACES)
Singapore 27 Sustainable Energy Association of Singapore (SEAS)
CeBIT India 2015 Bangalore 28 Open Innovation 2015 Moscow 28 Vnesheconombank, Skolkovo, RVC,
Rosnano, the Moscow government
Cloud Expo Asia 2015 Singapore 28 Infocomm Development Authority of Singapore
The 9th international biotechnological forum
exhibition, Rosbiotech 2015*
Moscow 28-30 The Russian Ministry of Education and Science
AccEssMeeting UAE-Russia: Business Investment Road Show
2015
Abu Dhabi
28-29 Strategy Links
Robotexpo 2015* Moscow 29-31 Expocenter Annual Forum “Retail 2015” Moscow 29 Kommersant
Internet of Things* Moscow 29 Smile Expo IENA 2015 Nuremberg 29
Event Calendar: October
IN COOPERATION WITH
Event Calendar: November
Event City Date Organizer Wealth Innovation Forum
Geneva* Geneva 1 CIS Wealth
Web Summit 2015* Dublin 3 Web Summit
Nordic Private Equity Conference 2015*
Copenhagen 6 Private Equity Conference
The 8th Annual SuperReturn Middle East 2014*
Dubai 8-11 SuperReturn Middle
IV Moscow International Financial Forum*
Moscow 10-11 Hansa Fincom
V Anniversary international partnering forum, Life Sciences
Invest. Partnering Russia*
St. Petersburg 10 Medical-pharmaceutical projects. 21 century,
St. Petersburg State Chemical-
pharmaceutical Academy
Russia Risk Conference 2015* Moscow 12 Cbonds Congress, PRMIA
CNEWS FORUM 2015 Moscow 12 Cnews Conferences
Robotics Expo 2015 Moscow 20 Smile Expo
Discover ICT Ekaterinburg 24-26 LLC Finansova-analiticheskie sistemy
XI annual conference: Retail in Russia*
Moscow 24 Vedomosti
Russian Financial Forum Moscow 26-27 Vedomosti Internet and Business. Russia Moscow 27-28 Ashmanov and partners, RAEC
VI Russian M&A Congress* Moscow Cbonds congress
48
IN COOPERATION WITH 49
Event Calendar: December
Event City Date Organizer Video conference: experience,
technologies, prospects Moscow 1 CNews Conferences
IREX – International Robot Exhibition 2015
Japan 2 Nikkan Kogyo Shimbun, Japan Robot Association (JARA)
XIII Russian Bond Congress* St. Petersburg 3-4 Cbonds Congress
German Private Equity Conference
Frankfurt 5 RVCA
III International conference on regenerative medicine*
Skolkovo 11 Skolkovo Foundation, 3D bioprinting solutions company
CeBIT Bilisim Eurasia 2015*
Istanbul 17 Deutsche Messe
* Events which may take place in 2016.
IN COOPERATION WITH
Contacts
We are very interested in the opinion of our readers, so if you are an investor, a venture entrepreneur or otherwise interested in Russia’s venture capital market, we will be most glad to receive your feedback and suggestions to help us improve our reports. Please send your feedback and suggestions to [email protected] The report was prepared by:
RMG Partners is grateful to all those who helped in the preparation of the report
50
Arseniy Dabbakh Chief Executive Officer RMG Partners [email protected] +7 495 668 13 00 Michael Demidov Expert, analyst [email protected] +7 499 390 88 19 Adrien Henni Founder, Editor-in-Chief EWDN [email protected] Olga Chapaeva Analyst RMG partners [email protected]
IN COOPERATION WITH 51
Any information and opinions contained in this analytical document (hereinafter – the “Analytical Materials”) are published solely for informational purposes and are not and should not be construed as an offer or a solicitation of an offer to buy or sell any securities or other financial instruments mentioned herein. Any investments in securities or other financial instruments may be related to significant risks, appear inefficient or unacceptable for this or that category of investors. Any decision on investments in the securities and other instruments requires significant experience and knowledge in financial matters, and in issues of evaluation of risks and benefits related to investments in this or that financial instrument. The Analytical Materials may be used by investors in the Russian Federation subject to the laws of the Russian Federation. The Analytical Materials are not addressed to residents of the USA, UK, Canada, Australia, Japan and to investors in other jurisdictions, unless this is permitted to particular investors in special circumstances provided for by the laws of their home jurisdiction. RMG partners accepts no liability for use of the Analytical Materials by investors, who are not permitted to do so under the laws of their home jurisdiction. Information has been obtained from reliable sources and any opinions herein are based on sources believed to be reliable, but no representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of such information. Any opinions expressed are the opinion of specialists of RMG partners and subject to change without notice. RMG partners is under no obligation to update or correct any inaccuracies contained in the Analytical Materials. Neither RMG partners nor any of its directors, employees, agents, affiliates or licensees accept any liability for any loss or damage arising from use of the Analytical Materials. Investors should assume that RMG partners does or seeks to do investment business with any of the companies mentioned herein. RMG partners and its directors, employees, agents, affiliates or licensees may, from time to time, have long or short positions in, and buy, sell, make a market or otherwise act as principal or as agents in transactions on securities or other financial instruments related to companies mentioned in the Analytical Materials. The Analytical Materials may not be reproduced, redistributed or any other way used, in whole or in part, without the written permission of RMG partners . The license for commercial use of the image on the title page was acquired from Rangizzz through Stock Shutter.