Signal Radar

Russian Venture Capital Investments Hit Record 285 Billion Rubles in 2025

February 17, 2026 at 10:37 PM756 views

Venture Landscape

Russian venture capital investments reached a record 285 billion rubles in 2025, with domestic funds filling the gap left by departing international investors.

Top Sectors

  • Enterprise SaaS: 72 billion rubles (25%)
  • Fintech: 57 billion rubles (20%)
  • AI/ML: 43 billion rubles (15%)
  • EdTech: 34 billion rubles (12%)
  • HealthTech: 28 billion rubles (10%)

Notable Deals

  • Astra Linux: 18 billion ruble Series C
  • MyOffice: 12 billion ruble growth round
  • Naumen: 8.5 billion ruble expansion capital

The Russian Venture Company (RVC) deployed 45 billion rubles through its fund-of-funds program, catalyzing an additional 120 billion in private capital.

Related Dispatches