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Modern condition of venture capital market in Russia and in the world

Vol. 26, Iss. 2, FEBRUARY 2020

Received: 25 November 2019

Received in revised form: 18 December 2019

Accepted: 13 January 2020

Available online: 28 February 2020

Subject Heading: INVESTING

JEL Classification: G24

Pages: 430–441

Korsheva M.A. Financial University under Government of Russian Federation, Moscow, Russian Federation

Subject The article reviews major trends in the global venture capital market for 2018.
Objectives The interrelated objectives of this study include identifying the categories of innovation that are of priority for investments, analyzing global trends in the venture capital market in Russia and in the world, considering the structure of investments in Russia by categories of investors and their activities.
Methods The study draws on methods of comparative evaluation and differentiated approach to analysis, analysis and synthesis of information collected in newspaper articles and earlier studies on the issue.
Results The findings show that in the Russian market, the most significant investment volumes are in the corporate sector. The segment of private clients is stagnating. The most popular categories for investing are business solutions, virtual and augmented reality, transport, marketplaces, logistics, finance, and medicine.
Conclusions and Relevance Investor activity has increased significantly as compared to the previous year. This points to further development of the venture capital market in Russia.

Keywords: venture capital fund, venture investment, business angel, private investor, corporation


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