Russia startup funding in H2 2011

European tech funding raised by Russia startups during H2 2011.

In H2 2011, 15 startups in Russia closed 15 funding rounds and raised €81M in equity funding (excluding debt and grants), up 423.2% versus H2 2010. Software was the most active sector, and Christoph Janz was the most active investor. Data as of 6 Nov 2026.

Equity funding

€81M

+423.2% vs H2 2010 · excl. debt & grants

Funding rounds

+36.4% vs H2 2010

Companies

Top sector

Software

Rank in Europe

5.5% of European funding

Top-10 round share

99.9%

of disclosed capital

Funding by month

€ raised vs rounds, by month

Data table

	Funding	Rounds
Jul	€0	1
Aug	€105k	2
Sep	€71M	4
Oct	€8.2M	5
Nov	€107k	1
Dec	€1.1M	2

Top sectors

by € raised

Data table

	Russia — top sectors by capital, H2 2011
Software	€72M
Media	€70M
Cybersecurity	€69M
E-commerce	€69M
Consumer	€69M
Gaming	€3.7M
Travel	€2.1M
Fintech	€0

Stage mix

by € raised

Data table

	Russia — stage mix, H2 2011
Growth/Late	€73M
Seed	€5.9M
Series A	€2.2M

Top deals

largest disclosed rounds in H2 2011

Company	Stage	Date	Amount
Ozon	Growth/Late	Sep 2011	€69M
Pixonic	Growth/Late	Oct 2011	€3.7M
Nginx	Series A	Oct 2011	€2.2M
HipWay	Seed	Oct 2011	€2.0M
Surfingbird	Seed	Sep 2011	€1.7M
uBank	Seed	Dec 2011	€1.1M
Balakam	Seed	Sep 2011	€554k
FreeBrie	Seed	Oct 2011	€111k
Cutetown	Seed	Oct 2011	€111k
BeatTheBushes	Seed	Nov 2011	€107k
App in the Air	Seed	Aug 2011	€105k

View all 15 Russia deals in H2 2011 →

Top investors

most active in H2 2011, by deal count

← All 2011 Russia funding