Russia came in fourth among European countries in a ranking of venture capital investment in 2012 compiled by Dow Jones VentureSource, Interfax reported.
Overall venture capital investment in Europe slumped 9 percent to 4.4 billion euros in 2012, and the number of venture projects fell 11 percent from 2011.
Britain led the rankings in 2012, followed by Germany, France and the Netherlands. Russia has demonstrated exceptional growth in the amount of venture capital investment in recent years.
Such investment in Russia amounted to just 5 million euros in 2006, VentureSource said. The figure grew to 26 million euros in 2009, 38 million euros in 2010 and 237 million euros in 2011.
VentureSource said a number of major deals were excluded from the calculations, particularly deals in the semiconductor field, because their number was small.