russian venture capital market overview 1h2015

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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

mailto:[email protected]







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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:

4

http://www.ucpfund.com/en/

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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.

6

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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


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


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


$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


$M

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Market Structure: Segments

12


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

IN COOPERATION WITH

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.

http://www.rbpartners.ru/





http://www.globalscopepartners.com/





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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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IN COOPERATION WITH

№ 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


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

18

IN COOPERATION WITH


type

Deal value,

$M

Company developme

nt stage


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


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

19

IN COOPERATION WITH


type

Deal value,

$M

Company developme

nt stage


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


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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IN COOPERATION WITH

№ Deal date Project Investor Investor type

Deal value,

$M

Company developme

nt stage


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


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


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


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


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


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


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


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


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


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


138 May Amenity FASIE Angel


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


24

IN COOPERATION WITH


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


147 Jun NitrosBase.js IIDF, Microsoft PPP


148 Jun inHome IIDF, Microsoft PPP

0.031 Seed Seed Computer_Technologies_Hardware

Computers & Computer Systems

149 Jun CloudStats IIDF, Microsoft PPP


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


type

Deal value,

$M

Company development

stage


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


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


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


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


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


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


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


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


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


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


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


Yakutsk 28 Moscow Technological Institute

Wearable Technologies Conference 2015*

Milan 29 The WT Group

Russian Startup Tour* Moscow region 29

Skolkovo Foundation


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


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


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


HackDay #38 ТOmsk Tomsk 22 HackDay

BioSciencesWorld 2015 Rome 24-29 IARIA 13th Annual International Conference on Finance*

Athens 25-28 ATINER


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


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


Tax strategies in Russia. Aime at deoffshorization.


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


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


Topical issues of intellectual property


ICT in insurance: effectiveness in the new environment


Payment services of the future Moscow 10 Digital October, B2B Event


Ekaterinburg 10 LOGA Group

Rapid.Tech 2015* Erfurt 10 Messe Erfurt GmbH

IN COOPERATION WITH


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


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





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


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


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


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


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


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



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


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




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


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


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


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


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]

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