| Characteristic | Value per deal in million U.S. dollars |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
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Russia
H1 2022
The stages were defined by the source as follows:
"Development stages for an investable
startup:
Seed: An early development stage between the formulation
of an idea and the building of a team, new hypotheses
verification, and the start of commercial activity.
Startup: An early development stage, at which a company begins
ongoing and full-fledged commercial activity with sales
proceeds and plans for growth.
Growth: A hyperactive company development stage, when
commercial hypotheses are corroborated, and
the business needs external funding for explosive growth.
Expansion: A hyperactive company development stage, when
the company steps up business and enters into new
markets.
Maturity: A stage of sustained and unremitting growth — less
dynamic, perhaps, than at the previous stages, which
reduces investment risks considerably."
