Russia
Europe · Pop. 143.5M · #31 startup ecosystem by EV
1 Overview
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
2 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
3 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.
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 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.
6 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 | 4.5× | 226 | $27.5B | 20.9K |
| 2 | Germany | $406B | 4.2× | 95 | $8.3B | 8,888 |
| 3 | France | $401B | 5.4× | 67 | $8.4B | 9,256 |
| 4 | Netherlands | $327B | 2.8× | 45 | $3.6B | 3,978 |
| 5 | Sweden | $279B | 5.7× | 56 | $3.5B | 3,331 |
| 6 | Switzerland | $223B | 3.7× | 50 | $4.2B | 3,086 |
| 7 | Denmark | $140B | 4.3× | 24 | $1.8B | 1,721 |
| 8 | Belgium | $107B | 7.1× | 12 | $907.7M | 1,935 |
| 9 | Ireland | $106B | 4.7× | 26 | $1.2B | 2,001 |
| 10 | Spain | $106B | 4.7× | 18 | $3.3B | 4,647 |
| 11 | Finland | $79.5B | 3.9× | 11 | $2.2B | 1,775 |
| 14 | Russia | $51.8B | 2.4× | 10 | $1.7B | 1,740 |
7 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.