Russia came in fourth among European countries in a ranking of venture capital investment in 2012 compiled by Dow Jones VentureSource, Interfax reported.
Overall venture capital investment in Europe slumped 9 percent to 4.4 billion euros in 2012, and the number of venture projects fell 11 percent from 2011.
Britain led the rankings in 2012, followed by Germany, France and the Netherlands. Russia has demonstrated exceptional growth in the amount of venture capital investment in recent years.
Such investment in Russia amounted to just 5 million euros in 2006, VentureSource said. The figure grew to 26 million euros in 2009, 38 million euros in 2010 and 237 million euros in 2011.
VentureSource said a number of major deals were excluded from the calculations, particularly deals in the semiconductor field, because their number was small.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
