When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups.
Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital has followed.
But as one might expect, geopolitics have created some havoc in the fundraising dynamics. In particular, Russia, an up-and-coming market for U.S. and European VCs roughly a decade ago, is now persona non grata on the term sheet. This begs the question: Are other tech hubs in the region picking up the slack?
Where’s funding going in former Soviet states? Not RussiaRead More
