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Geographies/Russia/2011

Russia startup funding in 2011

European tech funding raised by Russia startups during 2011.

In 2011, 27 startups in Russia closed 28 funding rounds and raised €108M in equity funding (excluding debt and grants). Travel was the most active sector, and Kite Ventures was the most active investor. Data as of 6 Nov 2026.

Equity funding
€108M
excl. debt & grants
Funding rounds
28
Companies
27
Top sector
Travel

Russia: last three years

change vs the year before
YearEquityChangeRoundsChangeDebt
2009€2.2M+249.1%5+150.0%—
2010€22M+884.6%21+320.0%—
2011€108M+395.3%28+33.3%—
Break down 2011 by period
Half-year
H2
Rank in Europe
#8
3.5% of European funding
Top-10 round share
95.9%
of disclosed capital

Funding by month

€ raised vs rounds, by month
Russia — funding by month, 2011 — interactive chart.
Data table
FundingRounds
Jan€3.7M2
Feb€730k2
May€14M5
Jun€8.8M4
Jul€01
Aug€105k2
Sep€71M4
Oct€8.2M5
Nov€107k1
Dec€1.1M2

Top sectors

by € raised
Russia — top sectors by capital, 2011 — interactive chart.
Data table
Russia — top sectors by capital, 2011
E-commerce€76M
Software€72M
Media€70M
Consumer€69M
Cybersecurity€69M
Travel€14M
Gaming€7.1M
Fintech€67k

Stage mix

by € raised
Russia — stage mix, 2011 — interactive chart.
Data table
Russia — stage mix, 2011
Growth/Late€73M
Series A€16M
Seed€8.6M
Early VC€7.0M
Series C€3.4M

Largest equity rounds

by disclosed amount, 2011
CompanyStageDateAmount
OzonGrowth/LateSep 2011€69M
OstrovokSeries AMay 2011€9.2M
AlterGeoEarly VCJun 2011€7.0M
VigodaSeries AJan 2011€3.7M
PixonicGrowth/LateOct 2011€3.7M
PixonicSeries CMay 2011€3.4M
NginxSeries AOct 2011€2.2M
HipWaySeedOct 2011€2.0M
SurfingbirdSeedSep 2011€1.7M
TravolverSeedJun 2011€1.4M
View all 28 Russia deals in 2011 →

Top investors

most active in 2011, by deal count

Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology

← All-time Russia funding