About three quarters of startups in Russia were funded by own capital of their founder at the launch stage as of 2021. Approximately eight percent of new companies received grants for starting business activities.
Most common funding sources at the time of launching the startup in Russia in 2021
Characteristic
Share of respondents
Own capital
75%
Grant
8%
Private non-core investor and/or friends&family
7%
Strategic investor
4%
Accelerator
2%
Venture fund
2%
Professional business angel*
1%
Other (crowdfunding, etc.)
1%
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Sources
Rostelecom PJSC; Internet Initiatives Development Fund; VC Barometer
Survey by
VC Barometer
Survey name
Research of the Market of Technological Entrepreneurship in Russia 2020
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VC Barometer. (June 15, 2021). Most common funding sources at the time of launching the startup in Russia in 2021 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/
VC Barometer. "Most common funding sources at the time of launching the startup in Russia in 2021." Chart. June 15, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/
VC Barometer. (2021). Most common funding sources at the time of launching the startup in Russia in 2021. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/
VC Barometer. "Most Common Funding Sources at The Time of Launching The Startup in Russia in 2021." Statista, Statista Inc., 15 Jun 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/
VC Barometer, Most common funding sources at the time of launching the startup in Russia in 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/ (last visited November 10, 2024)
Most common funding sources at the time of launching the startup in Russia in 2021 [Graph], VC Barometer, June 15, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1202368/funding-sources-at-launch-of-startups-in-russia/
