Russian Venture Capital Market Overview 1H2015

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Russian Venture Capital
Market Overview
1H 2015

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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 arseniy.dabbakh@rmg-partners.ru.
Arseniy Dabbakh
Chief Executive Officer
RMG Partners
3
Greeting

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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

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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
20Exits
9.5
184
Private
State
Corporation
PPP
Business 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
1Q
2012
2Q
2012
3Q
2012
4Q
2012
1Q
2013
2Q
2013
3Q
2013
4Q
2013
1Q
2014
2Q
2014
3Q
2014
4Q
2014
1Q
2015
2Q
2015
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 2015
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
00
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. funds
Private 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 angels
Biotech
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

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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
14

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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.

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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.
16

IN COOPERATION WITH
List of Deals in 1H2015
17

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/Recommenda
tions
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
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
Other B2C Internet
services/software
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_Technologi
es Other_Technologies
17 Feb Ficus FASIE Gvt. 0.4 Seed Seed
Other_Technologi
es Other_Technologies
18 Feb RocketCallback Private investor Angel 0.06 Startup A
Software_Internet
18

IN COOPERATION WITH
№
Deal
date
Project Investor
Investor
type
Deal
value,
$M
Company
developme
nt stage
Investme
nt round
Sector Sub-sector
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
Other B2C Internet
services/software
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
19

IN COOPERATION WITH
№
Deal
date
Project Investor
Investor
type
Deal
value,
$M
Company
developme
nt stage
Investme
nt round
Sector Sub-sector
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/Recommenda
tions
42 Feb Teledacha
IIDF, Microsoft
Seed Fund Gvt. 0.04 Startup Seed Software_Internet_B2C
Other B2C Internet
services/software
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_Technologie
s_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
20

IN COOPERATION WITH
№
Deal
date
Project Investor Investor type
Deal
value,
$M
Company
developme
nt stage
Investme
nt round
Sector Sub-sector
61 Feb IIS Eldis
IIDF, Microsoft
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/Recommenda
tions
76 Mar Wedvice
Doctornet.pro,
Alexander
Vorobev, Vitaly
Fridzon Private 0.042 Seed Seed Software_Internet_B2C
Other B2C Internet
services/software
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/Recommenda
tions
80 Mar Mobiforce FASIE Gvt. 0.018 Seed Seed Software_Internet_B2B
Other business
software
21

IN COOPERATION WITH
№
Dea
l
dat
e
Project Investor Investor type
Deal
value,
$M
Company
developme
nt stage
Investme
nt round
Sector Sub-sector
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/Recommenda
tions
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
91Apr
New cloud
technologies* Anton Cheglakov Angel 9.5 Startup A Software_Internet_B2B
Other business
software
92Apr Group-IB IIDF Gvt. 4 Expansion A Software_Internet_B2B
Other business
software
93Apr Clickky iTech Capital Private 2 Startup A Software_Internet_B2B Marketing/Advertising
94Apr Comindware angel, Skolkovo PPP 1.18 Startup A
Software_Internet_B2
C
Other B2C Internet
services/software
95Apr FlowWow
Stanislav
Kotomkin Angel 0.08 Seed Seed
C E-commerce
96Apr BabyTask Vasily Voropaev Angel 0.06 Seed Seed
C Social Media
97Apr Scorista
Life.Sreda,
Moscow Seed
Fund PPP 0.24 Startup Seed
C Finance
98Apr Sapato KupiVIP Corporate 1 Mature Exit
C E-commerce
99Apr 2Do2Go FASIE Gvt. 0.225 Seed Seed
C Social Media
100Apr WiMark Systems
Skolkovo, Ruslan
Smelyanskiy PPP 0.12 Seed Seed Software_Internet_B2B
Other business
software
101Apr DigiFabster angels Angel 0.1 Seed Seed Other_Technologies Other_Technologies
102Apr Roster angels Angel 0.25 Seed Seed
C Social Media
22

IN COOPERATION WITH
№
Deal
date
Project Investor
Investor
type
Deal
value, $M
Company
development
stage
Invest
ment
round
Sector Sub-sector
103Apr Polystock
Alexander
Khripunov Angel 0.1 Seed Seed Software_Internet_B2B
Other business
software
104Apr
Encom Smart
Panel FASIE Gvt. 0.02 Seed Seed
Computer_Technologies
_Hardware
Computers &
Computer Systems
105Apr Little Gentrys Maxim Faldin Angel 2 Seed Seed Software_Internet_B2C E-commerce
106Apr iBinom Andrey Afanasiev Angel 0.3 Startup Seed Software_Internet_B2C
Other B2C Internet
services/software
107Apr Yaclass
Moscow Seed
Fund, Pavel
Kovsharov PPP 0.24 Startup Seed Software_Internet_B2C Education
108Apr MediaSync private investors Private 0.2 Seed Seed Software_Internet_B2B Marketing/Advertising
109Apr VisionLabs
Moscow School of
Management
Skolkovo, Fund of
Nubar Afeyan Private 0.014 Seed Seed Industrial_Tech Robotics
110Apr
WiMark
Systems** Skolkovo Gvt. 0.094 Seed Seed Software_Internet_B2B Other B2B software
111Apr
ETB catalytic
technology** Skolkovo Gvt. 0.376 Startup Seed Industrial_Tech Other Industrial Tech
112Apr
VDM-
technique** Skolkovo Gvt. 0.466 Startup Seed Industrial_Tech Other Industrial Tech
113Apr Linguatrip 500 Startups Private 0.100 Seed Seed Software_Internet_B2C E-commerce
114May Lobster
Valley Venture
Mentors Private 0.033 Startup Seed Software_Internet_B2C E-commerce
115May Touch Bank OTP Bank Plc Corporate 40 Seed A Software_Internet_B2C Finance
116May Level.Travel Sergey Vatutin Angel 0.6 Startup Seed Software_Internet_B2C E-commerce
117May Kribrum Skolkovo, Infowatch PPP 1 Seed Seed Software_Internet_B2B
Other business
software
118May AnyBalance QIWI Venture Corporate 0.15 Seed Seed Software_Internet_B2C Finance
119May Dogsy Evgeny Gordeev Angel 0.04 Seed Seed Software_Internet_B2C
Search/Recommenda
tions
120May BlackmoonFG
Oleg Seidak, Ilya
Perekopskiy Angel 1 Seed Seed Software_Internet_B2B Platform/Middleware
121May TAPKI.COM Angel 0.06 Seed Seed Software_Internet_B2C
Search/Recommenda
tions
122May Gbooking
Vestor.in, the
Untitled, Altair Private 0.425 Startup Seed Software_Internet_B2B Platform/Middleware
123May Open platform Sergey Vasiliev Angel 1 Seed Seed Software_Internet_B2B Platform/Middleware
124May ParkApp Sun Capital Private 0.3 Seed Seed Software_Internet_B2C
Search/Recommenda
tions
125May 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
№
Deal
date
Project Investor
Investor
type
Deal
value,
$M
Company
development
stage
Investm
ent
round
Sector Sub-sector
126May LinguaLeo
Runa Capital,
Social Discovery
Ventures Private 0.5 Growth B Software_Internet_B2C Education
127May Healbe
Starta Capital,
Dmitry Chaliy,
Alexander
Tarakanov, Alexey
Girin Private 3.5 Growth A Biotechnology Medical Equipment
128May Medviser Roman Abramovich Angel 0.5 Seed Seed Software_Internet_B2C
Other B2C Internet
services/software
129May SMTDP
Almaz Capital
Partners Private 0.03 Seed Seed Software_Internet_B2B Other B2B software
130May Whofix Dmitry Sinkevich Private 0.008 Seed Seed Software_Internet_B2C
Search/Recommen
dations
131May Aizel
Bonum Capital
(Suleyman
Kerimov) Private 2.5 Startup A Software_Internet_B2C E-commerce
132May Privet.ru Ilya Perekopskiy Angel 0.3 Seed Seed Software_Internet_B2C Social Media
133May RealSpeaker Startup Chile Gvt. 0.032 Seed Seed
Computer_Technologies
_Hardware
Communications,
Networking &
Storage
134May
Service for
making dentist
appointments
online FASIE Angel 0.008 Seed Seed Biotechnology Medical Equipment
135May
Developmental
mobile game FASIE Angel 0.008 Seed Seed Software_Internet_B2C Gaming
136May
Device for vein
visualisation FASIE Angel 0.008 Seed Seed Biotechnology
Diagnostics &
Research
137May
Voice mobile app
for people with
speech disorders FASIE Angel 0.008 Seed Seed Software_Internet_B2C
Other B2C Internet
services/software
138May Amenity FASIE Angel 0.008 Seed Seed Software_Internet_B2B Other B2B software
139May 3D-StomPrint FASIE Angel 0.008 Seed Seed Biotechnology Medical Equipment
140May TransportTV** Skolkovo Gvt. 0.099 Seed Seed Software_Internet_B2B
Platform/Middlewar
e
141May Relex** Skolkovo Gvt. 0.634 Startup Seed Software_Internet_B2B Other B2B software
142Jun Ivideon Impulse VC Private 4 Expansion B Software_Internet_B2B
Other business
software
24

IN COOPERATION WITH
№
Deal
date
Project Investor
Investor
type
Deal
value,
$M
Company
development
stage
Investm
ent
round
Sector Sub-sector
143Jun 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/Advertis
ing
144Jun Turbodealer IIDF, Microsoft PPP 0.031 Seed Seed Software_Internet_B2C
Search/Recomme
ndations
145Jun Technovizor IIDF, Microsoft PPP 0.031 Seed Seed Other_IT Other_IT
146Jun TeamKey IIDF, Microsoft PPP 0.031 Seed Seed Software_Internet_B2C
Other B2C
Internet
services/software
147Jun NitrosBase.js IIDF, Microsoft PPP 0.031 Seed Seed Software_Internet_B2B
Other B2B
software
148Jun inHome IIDF, Microsoft PPP 0.031 Seed Seed
s_Hardware
Computers &
Computer
Systems
149Jun CloudStats IIDF, Microsoft PPP 0.031 Seed Seed Software_Internet_B2B
Other B2B
software
150Jun DOOGLYS IIDF, Microsoft PPP 0.031 Seed Seed Software_Internet_B2B
Enterprise
management
software
151Jun BIKEDEFEND IIDF, Microsoft PPP 0.031 Seed Seed Other_IT Other_IT
152Jun Aeroxo
I2BF Global
Ventures, Eldar
Razroev, Skolkovo PPP 1.091 Seed Seed Industrial_Tech Robotics
153Jun RetailCRM Edison.VC Private 0.6 Growth A Software_Internet_B2B
Marketing/Advertis
ing
154Jun Test-lab (khimservice) Skolkovo Gvt. 0.91 Seed Seed Biotechnology
Medical
Equipment
155Jun A2 Leasing System IIDF PPP 0.02 Seed Seed Software_Internet_B2B Finance
156Jun ComfortWay IIDF PPP 0.02 Seed Seed
s_Hardware
Mobile
Technology
157Jun IATRA IIDF PPP 0.02 Seed Seed Software_Internet_B2C
Search/Recomme
ndations
158Jun Inwion IIDF PPP 0.02 Seed Seed Other_IT Other_IT
159Jun SlideVision IIDF PPP 0.02 Seed Seed Software_Internet_B2B
Marketing/Advertis
ing
160Jun Supl.biz IIDF PPP 0.02 Seed Seed Software_Internet_B2B
Marketing/Advertis
ing
25
** Ruble sum converted to dollars at the average CBR rate for the month

IN COOPERATION WITH
№
Deal
date
Project Investor
Investor
type
Deal
value,
$M
Company
development
stage
Investment
round
Sector Sub-sector
161Jun Tvil.ru IIDF PPP 0.02 Seed Seed
Software_Internet_
B2C Finance
162Jun Aksicredit IIDF PPP 0.02 Seed Seed
Software_Internet_
B2C
Other B2C Internet
services/software
163Jun Advokat.ru IIDF PPP 0.02 Seed Seed
Software_Internet_
B2B Marketing/Advertising
164Jun Beguchka IIDF PPP 0.02 Seed Seed
Software_Internet_
B2C
Other B2C Internet
services/software
165Jun Courierra IIDF PPP 0.02 Seed Seed
Software_Internet_
166Jun Labrika IIDF PPP 0.02 Seed Seed
Software_Internet_
B2C
Other B2C Internet
services/software
167Jun
Open cemetery
(Otkrytoye
kladbische) IIDF PPP 0.02 Seed Seed
Software_Internet_
168Jun Fitness-Clubs.Pro IIDF PPP 0.02 Seed Seed
Software_Internet_
169Jun SponsorBureau #1 IIDF PPP 0.02 Seed Seed
Software_Internet_
170Jun Teleport IIDF PPP 0.02Seed Seed
Software_Internet_B
2B Finance
171Jun BOOKINNA
RMG Partners,
VentureClub Private 0.2Startup Seed
Software_Internet_B
2C E-commerce
172Jun Freee SocialBox Mikhail Klimarev Angel 0.046Seed Seed
Software_Internet_B
2C
Other B2C Internet
services/software
173Jun OnlinePatent** Skolkovo Gvt. 0.092Seed Seed
Software_Internet_B
2B Platform/Middleware
174Jun NFWare** Skolkovo Gvt. 0.092Seed Seed Other_IT Other_IT
175Jun
Digital Loyalty
System** Skolkovo Gvt. 0.092Seed Seed
Software_Internet_B
2B Other B2B software
176Jun MEGARAD** Skolkovo Gvt. 0.092Seed Seed Industrial_Tech Satellites & Space
177Jun
3d Bioprinting
solutions** Skolkovo Gvt. 0.358Seed Seed Biotechnology Medical Equipment
178Jun Membrany - NC** Skolkovo Gvt. 0.380Seed Seed Other_Technologies Other_Technologies
179Jun Marineco** Skolkovo Gvt. 0.516Seed Seed Industrial_Tech Other Industrial Tech
180Jun WebKontrol** Skolkovo Gvt. 0.092Seed Seed
Software_Internet_B
2B 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
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
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
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

IN COOPERATION WITH
31
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

IN COOPERATION WITH
32
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
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

IN COOPERATION WITH
34
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
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
consulting
Yakutsk 28 Moscow Technological Institute
Wearable Technologies Conference
2015*
Milan 29 The WT Group
Russian Startup Tour* Moscow region 29 Skolkovo Foundation

IN COOPERATION WITH
36
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
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
consulting
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
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
consulting
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
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
consulting
Ekaterinburg 10 LOGA Group
Rapid.Tech 2015* Erfurt 10 Messe Erfurt GmbH

IN COOPERATION WITH
39
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
consulting
Sevastopol 17 Moscow Technological Institute
consulting
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

IN COOPERATION WITH
40
consulting
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
consulting
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
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
consulting
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

IN COOPERATION WITH
42
Event Calendar: August
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
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
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

IN COOPERATION WITH
44
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
consulting
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

IN COOPERATION WITH
45
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
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

IN COOPERATION WITH
47
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
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

IN COOPERATION WITH
49
Event Calendar: December
Video conference: experience,
technologies, prospects
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 info@rmg-partners.ru
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
arseniy.dabbakh@rmg-partners.ru
+7 495 668 13 00
Michael Demidov
Expert, analyst
michael@demidov.vc
+7 499 390 88 19
Adrien Henni
Founder, Editor-in-Chief EWDN
editor@ewdn.com
Olga Chapaeva
Analyst
RMG partners
oc@rmg-partners.ru

IN COOPERATION WITH
51
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Russian Venture Capital Market Overview 1H2015

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