Alternative Financing for Innovative Startups
A survey of 500 Russian technology companies by Baza.vc showed that 62% had not raised external financing, 29% received investments, and 10% obtained loans.
Rounds
Company · RU · 3 documents
Key number
90 deals
SME crowdinvesting transactions in 2024. MIR (Modernization Innovation Research) p.6
Key number
$3 billion USD
Russian venture capital investment volume in 2021. Theoretical economics p.3
Key number
2.405 billion RUB
Total equity crowdfunding volume in Russia (2024). The world of new economy p.2
Crowdinvesting: Challenges of Market Development
Crowdinvesting was legally established in Russia in 2020 as a digital mechanism for early-stage companies to raise equity financing from external investors.
The Impact of the Institutional Environment on the Development of Equity Crowdfunding in Russia: The UK Experience
In 2025, the global volume of crowdfunding exceeded $20 billion, driven by donation, reward, equity, and lending platforms.