On August 15, 2025, the venture market showcases strong growth: mega-funds return with record sums, the artificial intelligence sector generates new "unicorns," and successful IPOs open an exit window for investors. The fintech, biotechnology, climate, and defense technologies sectors are actively developing. The number of M&A deals is increasing while the geography of investments expands from the USA and Europe to the Middle East and Asia....

... driving startup valuations to record levels, particularly in the field of artificial intelligence. Revival of the IPO Market. The successful public listings of technology companies and new applications confirm that the long-awaited "window" for exits remains open. Diversification of Sector Focus. Venture capital is being directed not only into AI but also into fintech, climate projects, biotechnology, defense, and even crypto startups, broadening market horizons. Wave of Consolidation and M&A ...

... driving startup valuations to record levels, primarily in the field of artificial intelligence. Revival of the IPO market. Successful public offerings of technology companies and new applications confirm that the long-awaited "window" for exits remains open. Diversification of sector focus. Venture capital is being directed not only into AI but also into fintech, climate projects, biotechnology, defense, and even crypto startups, broadening the market's horizons. A wave of consolidation ...

... rounds are driving startup valuations to unprecedented heights, particularly in the artificial intelligence segment. Resurgence of the IPO Market. Successful public offerings from several tech companies and new applications confirm that the long-awaited exit "window" remains open. Diversification of Sector Focus. Venture capital is directed not only towards AI but also in fintech, climate and environmental projects, biotechnology, defense developments, and even crypto startups. A Wave of Consolidation ...

... initial years did not exceed several hundred million rubles. However, by 2023, the market had grown to several billion rubles, with the total transaction volume reaching approximately five billion rubles. This growth is attributed to several factors: the exit of traditional investors from risky markets, the challenges of raising capital through bond issuances amid high key interest rates, and the increased attractiveness of pre-IPO for promising companies under conditions of limited demand for conventional ...