Top 10 Unicorns In Russia
Russia’s economic status is well known to us. The economy of Russia is ranked 11th in the world. In addition to the 63% of total employees in the workforce, the service sector accounts for 62.3% of its economy. In contrast, Europe is Russia’s largest trading partner and has supported it for years.
Russia has some major advantages in the startup culture, such as access to shipping routes, geographical location, and natural resources. Despite this, Moscow and St. Petersburg are home to an impressive number of Russian startups.
The startup culture of Eurasian countries has its nerve center in Russia in the modern era of millennials. More than 3.8K startups are registered in Russia, including nine public companies. Therefore, we have listed both the top in-progress “Soonicorn” Russian startups and the Russian unicorn startups.
The East-West Digital News (EWDN) reports that Russian-speaking entrepreneurs flourish far from their countries of origin – throughout Silicon Valley, Western Europe, and South-East Asia.
Y Combinator, 500 Startups, and Techstars are among the top accelerators these entrepreneurs have colonized. Alchemist’s latest batch reportedly included 40%, Russian-speaking entrepreneurs.
Several unicorns founded by Eastern European entrepreneurs have achieved international success in the past few years, including Veeam Software, Badoo, Arrival, inDriver, Personio, Nexters, TradingView, and Wrike name a few.
Now valued at $17.5 billion, Miro, Telegram, founded by Pavel Durov, and Revolut, founded by Nikolay Storonsky, are all Russian decacorns. In addition to GitLab ($11bn), Grammarly ($13bn) is owned by Ukrainians.
Research agency DSight, in collaboration with Forbes Russia, identified 10 “future unicorns” based in Russia earlier this year. In addition to the company’s growth, international market penetration, growth of the target segment, and team experience, it took these factors into account in the…
