Russia
Europe · Pop. 143.5M · #29 startup ecosystem by EV · WithinWorldCommonwealth of Independent StatesEMEAEurope incl IsraelG20High Income Countries (UN definition)EuropeBaltic Sea RegionRussia
1 Startup funnel
Russia's startup funnel
Companies headquartered in Russia at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
2 Latest quarter
Russia's latest quarter in venture capital
Venture capital raised by Russia-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Russia-headquartered companies…
3 Enterprise value
How much Russia’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Russia, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
4 VC investment
How much venture capital flows into Russia
VC investment into Russia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Largest rounds
Largest funding rounds in Russia
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Russia, grouped by Dealroom sector.
Largest rounds in Russia - 2024–2026
6 Startup hubs
Inside Russia: 1 startup hub, 374 universities
Hubs are sized by combined enterprise value; universities and research institutes by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.
7 Founder origins
Where Russia's unicorn founders build
97 founders born in Russia are behind 66 unicorns; 56% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.
8 Location comparison
How Russia stacks up
Compare Russia with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Russia's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.7× | 230 | $27.3B | 21K |
| 2 | Germany | $409B | 4.2× | 99 | $8.3B | 9,034 |
| 3 | France | $404B | 5.4× | 69 | $8.3B | 9,103 |
| 4 | Netherlands | $376B | 3.3× | 48 | $3.4B | 3,957 |
| 5 | Sweden | $264B | 5.4× | 56 | $3.5B | 3,393 |
| 6 | Switzerland | $220B | 3.7× | 50 | $4.2B | 3,135 |
| 7 | Denmark | $141B | 4.3× | 24 | $1.9B | 1,749 |
| 8 | Belgium | $113B | 7.5× | 13 | $1.1B | 1,990 |
| 9 | Ireland | $107B | 4.7× | 26 | $1.2B | 1,975 |
| 10 | Spain | $105B | 4.7× | 18 | $3.3B | 4,636 |
| 11 | Finland | $80.6B | 4.0× | 14 | $2.2B | 1,810 |
| 14 | Russia | $53.2B | 2.3× | 10 | $1.7B | 1,763 |
9 Patent intelligence
Russia startup IP portfolio: 369 patent families
Granted patent families assigned to startups headquartered in Russia. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
More data
Explore Dealroom data →Get the full Russia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.