... broadening market horizons. Consolidation and M&A deals. A wave of large mergers, acquisitions, and strategic investments is reshaping the industry landscape, opening new avenues for exits and company scaling. Global expansion of venture capital. The investment boom is reaching new markets — from Gulf states and South Asia to Africa and Latin America — forming their own tech ecosystems. Local focus (Russia and CIS). Despite constraints, new funds and initiatives for developing startup ecosystems are emerging in the region, capturing ...

... mid-2025, the venture capital industry is moving toward a new growth cycle, combining lessons learned over the past years with emerging opportunities in the post-crisis era. If current trends continue, we can expect further advances in innovation and investment, bringing the market closer to new record heights.

... emergence. In places where authorities view tech companies as economic drivers and partners, the startup ecosystem flourishes considerably more. The Role of Private and Institutional Investors The presence of diverse types of investors and the depth of the investment market in a country is a key element for unicorn success. In developed ecosystems, a full spectrum of financial players is involved: Private Venture Funds. Classic VC funds (managing the capital of private investors, corporations, and pension funds) are ...

... levels of investment are elevating startup valuations to multi-billion-dollar levels, particularly in the artificial intelligence sector. Return of major investors and mega funds. Leading players are launching large-scale venture funds and ramping up investments, refilling the market with capital and increasing risk appetite. Industry diversification of investments. Venture capital is flowing into not only AI but also fintech, climate projects, biotechnology, defense technologies, and even crypto startups, broadening market ...

... their own tech ecosystems. Local Focus: Russia and the CIS. Despite constraints, new funds and initiatives are emerging to develop local startup ecosystems, increasing investor interest in the region. The Return of Mega Funds: Big Money Back on the Market The largest investment players are making a triumphant return to the venture arena, indicating a renewed appetite for risk. Japanese conglomerate SoftBank, after a period of dormancy, is back at the forefront, announcing the establishment of the Vision Fund III with ...