Investment Opportunities and Market
Current VC investment opportunities explained with selected examples Alexander Bondar, Partner Kolos Ventures In 2019 the Calvert Journal ranked Minsk as #1 among Eastern European Investment opportunities and Market: Belarus cities with the most developed Startup ecosystem Belarusian IT market shows stable growth dynamics Source: https://www.calvertjournal.com. January 17, 2019 Export growth in Hi-Tech Park (HTP Belarus): # of residents of HTP Belarus jumped from 200 to 979 in 3 years (2 quarter) (full year) Exports surged by $1.2 2018 2019 2020 2020 2017 2018 2019 billion or 30% p.a. on + 268 + 319 + 150 + 243 1.0 billion $ 1.4 billion $ 2.2 billion $ average over 3 years. companies companies companies companies (25%) (38%) (55%) Two IT companies have become "unicorns" exceeding $1 billion IT companies’ growth continued defying COVID-19, e.g. EPAM share price exceeded in capitalization (EPAM, Wargaming) $280 in July 2020 at $15.6 billion capitalization (19x growth since IPO at NYSE in Skyrocketing revenues of GameDev companies (Wargaming, 2012). SayGames, EasyBrain, BelkaGames, VizorGames) Successful international exits of Belarusian companies (MSQRD Solid growth prospects for GameDev, FinTech, EdTech, HealthTech, – Facebook, AIMATTER - Google, Maps.Me – Mail.ru, SaaS, eCommerce, AI SwagMasha – Mail.ru, BelkaGames – AppLovin, VizorGames – Playrix) Over 1000 startups SaaS 11% at various stages of development World renown startups: Flo, PandaDoc, Friendly Data, OneSoil % % 35 Artificial 12 Every third startup Intelligence already earns revenue On a separate note: Political instability in the country following the presidential elections in August 2020 weighs heavily on investors’ interest in FinTech % 85% of startups 14 intend to attract investment startups from Belarus.
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