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Consolidation of Participants in the Venture Capital Market Tends to Continue
02.07.2020
On June 30, the 11th annual forum of innovative InfoSpace technologies, organized by the Initiative Center for Business Support and Development, took place. Deputy General Director - Investment Director of RVC Aleksei Basov spoke at the plenary session “Digital Leadership. Strategies, Human Resources, Technologies” with a report on the current situation in the venture capital market and on measures to support RVC for technology companies.
RVC has provided its annual report for 2019. It reveals the main results of the company's activities in developing the venture capital market, supporting the National Technology Initiative, and implementing the national program “Digital Economy of the Russian Federation”.
During 2019, subsidiaries of the Russian Venture Company (RVC), managed by the RVC Infrafund, left 28 venture projects. Total revenues from exits and remaining in the portfolio of companies exceeded 430 million rubles. Promised assets in fund portfolios rose by more than 90% over the year.
The export revenue of portfolio companies of funds with the RVC capital participation in 2019 amounted to 96.6 million US dollars, up 9% from 88.4 million US dollars in 2018. Products are most in-demand in the markets of Japan, the USA, South Korea, China, and the UK.
RVC presents an annual rating of venture capital investors activity that identifies key players and significant trends in the Russian venture capital industry. The rating considers three types of investors: venture capital funds, business angels, and corporations.
The Far East High Technology Fund (DFVT), created by RVC, RUSNANO and the Far East and the Arctic Development Fund, has invested 200 million roubles in the largest producer of service robots in Europe, the Russian company Promobot.
The Bioprocess Capital Ventures Fund, established with the participation of RVC capital, withdrew from Axion — Rare and Precious Metals (ARPM), selling its stake in the project with an investment return of 22.5% (IRR). The buyer of the Fund's share was the country's largest precious metals processor — Krastsvetmet.
On February 4, at the initiative of RVC, a meeting of the committee under the ASI Working Group was held as part of the execution of an order of the President of the Russian Federation, dedicated to the analysis of law enforcement practice in the field of venture investments and the consolidation of proposals from market participants to change the regulatory framework that determine permissible cases and the amount of non-return of venture investments.
The New Industry Venture Fund (New Industry Ventures — a joint venture fund of Gazprom Neft, Gazprombank, the Russian Venture Company (RVC) and VEB Ventures) launched the first investment project aimed at the development of technology in the field of multi-well completion.
The critical areas of the company's work were the formation of a mature venture investment market and the creation of tools for accelerated technological development of Russia.
TechLab by PepsiCo, a laboratory aimed at exploring, testing, and introducing new technologies into the business of PepsiCo and GenerationS, a platform for developing corporate acceleration from RVC, announced a search for start-ups representing solutions based on big data technologies in FMCG.
On November 20, as part of Transport Week 2019, Russian Railways and RVC signed a memorandum on the preparation of two joint venture funds for investment in industrial and digital projects. The document was signed by Oleg Belozerov, General Director and Chairman of the Board of Russian Railways, and Alexander Povalko, General Director of RVC.
On November 19, as part of the XIII International Forum “Transport of Russia 2019” in Moscow, an agreement of intent was signed between the State Transport Leasing Company (STLC) and RVC to create a joint venture fund.
The RVC National BioService Biofund portfolio company (NBS) took the second place in the national stage of the All-Russian Award in the field of international cooperation and export “Exporter of the Year” in the category “Exporter of the Year in the Service Sector” in the category “Small and Medium Enterprises”.
The Terra VC venture capital fund, created with the participation of RVC capital, announces the sale of its stake in Syntacore, a leading domestic developer of microprocessor and microcontroller cores based on the open RISC-V architecture.


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