These are the US startups that Russian investors are backing

A taxi-hailing app. A transplant device developer. An online mortgage provider.

Those businesses may have little in common, but one shared thread is that U.S. startups in these sectors have all secured large funding rounds led by Russia-based investors.

They’re not alone. Over the past seven years, Russia-based strategic and venture investors have participated in more than 300 funding rounds for U.S.-based startups, according to Crunchbase data. Investments span all stages, major sectors and round sizes, and include both equity and debt financings. (See deal list here.)

The cross-border deal-making isn’t limited to Russian investors backing U.S. startups. Venture firms based in the U.S. have invested in more than 150 funding rounds for Russian startups over the past decade, with a particular focus on e-commerce and consumer internet deals. We’ll look at those trends in the second installment of this two-part series.

Continue Reading: https://techcrunch.com/2017/11/11/these-are-the-us-startups-that-russian-investors-are-backing/

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