Top Startups / February 16, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Russian Startups To Watch in 2022

Despite hitting a bump in the round during the pandemic, the Russian startups ecosystem has been steadily growing and expanding, becoming a larger player on both sides of the country. The increased availability of VC funding and increased confidence, top startups in the country are able to put their ideas into reality. This helps to create more top Russian startups.


1. NoCodeSetup

Year Founded: 2020

HQ: Moscow, Russian Federation

Size: 1-10

Founders: Andrew Ladoshkin

NoCodeSetup is a Russian startup working in the information technology and software industries. It is a tool that enables its users to create an app without the use of programming. NoCodeSetup will find the best no-code tools that are matched to help and are personalised for the type of app a customer wants to build. It is a great service for people to use if they want to understand the costs of building an app, as you are presented with the different prices for different tools alongside the pros and cons.

The Russian tech startup was founded in 2020 by Andrew Ladoshkin. It currently has between one and ten employees and has its headquarters based in Moscow, Russian Federation.

2. Advengene

Year Founded: 2019

HQ: Moscow, Russia

Size: 1-10

Founders: Iiuliya Rykovskaya, Nataliya Rykovskaya

Advengene is a Russian startup that was founded in 2019 and is currently based in Moscow, Russia. The company makes its money through the provision of a service that allows them to get a quick look into their genetic history.

Since the company was founded, it has gone through two rounds of startup funding, with a single investor taking part. These founding rounds have allowed the company to raise a figure of $400,000.

3. Dsight

Year Founded: 2019

HQ: Moscow, Russian Federation

Size: 1-10

Founders: Arseniy Dabbakh, Sergei Kantserov

The next one in the list of top Russian startups, Dsight, operates within the analytics and business intelligence industries. The company has created a platform that provides its customers with databases aimed to help VC\Hi-Tech market players. The analytical and consulting services offered enable customers to get a full understanding of the scene and current trends. Dsight gives its customers access to databases on start-ups, investors and events.

Dsight was founded by Arseniy Dabbakh and Sergei Kantserov in 2019. Moscow, Russian Federation is where the company of between one and ten employees has its headquarters located.

4. Bitrobotics Industrial Automation

Year Founded: 2018

HQ: Moscow, Russian Federation

Size: 11-50

Founders: Sergey Belavskiy, Svyat Stesin

Bitrobotics Industrial Automation is a Russian startup that makes high-tech industrial automation systems. The company operates within the machinery manufacturing and robotics sectors, making robots for fast moving consumer goods. They produce machines designed with 3D machine vision. The high speed industrial robots are made for manufacturing lines, stacking and packaging. The technology includes the production of conveyor systems, grips, bitrobotics software and much more and the client can pick and choose depending on what suits their needs.

The company was founded in 2018 by Sergey Belavskiy and Svyat Stesin. Since then, $2M was raised in one funding round in 2019. Bitrobotics Industrial Automation has its headquarters based in Moscow, Russian Federation and currently has between eleven and fifty employees.

5. BitRussia

Year Founded: 2019

HQ: Moscow, Russian Federation

Size: 1-10

Founders: Ivan Rodionov

BitRussia is a finance technology company from Russia. The startup is a digital platform offering its users access to its investment operator and it prides itself on being the first Russian legal investment operator and platform that has embedded DLT and smart-contracts. The company also allows its customers to start projects in banking, crowdfunding, insurance, human resources and much more.

BitRussia was founded in 2019 by Ivan Rodionov. The company currently operates with between one and ten employees and has its headquarters in Moscow, Russian Federation. Since being founded in 2019, the startup has completed one funding round and has raised RUB100M.

6. Moscow Institute for Development

Year Founded: 2017

HQ: Moscow, Russian Federation

Size: 1-10

Moscow Institute for Development is a technology startup from Russia that works in the biomass energy, clean energy, recycling and clean technology sectors. Moscow Institute for Development is also referred to as MID. The startup has created new technology to recycle biomass. The company is also in the process of researching electricity transmitting technology.

This Russian tech start-up was founded in 2017 and currently has between one and ten employees, and its headquarters are located in Moscow, Russian Federation.

7. Maxilect

Year Founded: 2015

HQ: Saint Petersburg, Saint Petersburg City, Russian Federation

Size: 51-100

Founders: Kirill Antonov, Maxim Korotkov

Maxilect is another one of the Russian startups in the technology space. It specialises in the ad technology or ad network, blockchain, finetech and software industries. The company's aim is to connect the best IT professionals to combine their skills for complicated and intricate projects from their high-tech customers. The process involves a dedicated team of specialists and the right materials all within a set timeline and fixed price. With more than thirty previous international projects to provide proof of success, customers can feel secure working with Maxilect.

In 2015, Kirill Antonov and Maxim Korotkov founded the Russian tech start up Maxilect and have since grown the company to having an employee size of between fifty one and one hundred people. The headquarters are based in the historic city Saint Petersburg, in the Russian Federation.

8. DeNet

Year Founded: 2017

HQ: Kazan, Tatarstan, Russian Federation

Size: 1-10

Founders: Den Shelestov, Rafik Singatullin

DeNet is a startup from Russia from the technology sector. The company works within multiple industries including cloud storage, cryptocurrency, database and information technology. The start-up's system is designed ideally for NFTs, which stands for non-fungible token. DeNet claims to create a platform with an experience similar to using Google Drive, but is accessible for different budgets whilst offering high levels of data protection and security.

This Russian start-up was founded in 2017 by Den Shelestov and Rafik Singatullin. Since then, the company has managed to raise $2.5M in two funding rounds with eleven investors. The employee size sits between one and ten individuals and is based in Kazan, Tatarstan.

9. NTechLab

Year Founded: 2015

HQ: Moscow, Russian Federation

Size: 11-50

Founders: Artem Kuharenko

NTechLab is another Russian start-up in the artificial intelligence industry. The company builds software using artificial neural network techniques and machine learning. NTechLab is producing this software and developing and using artificial intelligent algorithms, to help aid their aim to make the world a safer place.

Artem Kuharenko founded NTechLab in 2015 and the technology start-up currently has between eleven and fifty employees. Its headquarters are based in Moscow, Russian Federation. Since 2015, a very impressive $17.6M has been invested into the company by six investors. The money was made in four funding rounds.

10. UVL Robotics

Year Founded: 2018

HQ: Moskva, Russian Federation

Size: 11-50

Founders: Eugene Grankin

The next Russian start-up company is UVL Robotics that also works within the artificial intelligence industry as well as working with drones, logistics and in the retail and machine learning sectors. The company's aim is to help their customers improve their productivity by using artificial intelligence and drone based inventory solutions that automate routines. The faster way of working also helps cut costs dramatically for their customers.

UVL Robotics was founded in 2018 by Eugene Grankin. The headquarters are located in Moskva, Russian Federation and the company size is between eleven and fifty employees. Since 2018, the start-up has raised $2M. This was raised through five funding rounds with five investors.

11. Barogo

Year Founded: 2014

HQ: Adygeysk, Russian Federation

****Size: 51-100

Founders: Tae-kwon Lee

Barogo is an information technology start-up. The Russian company operates within the e-commerce, food delivery and logistics industries. Barogo provides delivery services for its customers. The Russian base start-up calls themselves a last mile delivery company as well as an IT platform company.

Barogo was founded in 2014 and has since completed one funding round raising 80B won. This took place in June 2021. Tae-kwon Lee founded the company and it currently operates with between fifty one and one hundred employees.

12. ProgKids

Year Founded: 2017

HQ: Moscow, Russian Federation

Size: 11-50

Founders: Sergei Zhuchkov

The next Russian start-up company is ProgKids. This start-up works within the education technology sector but more specifically works to make learning tools for children. The company provides online courses for children to learn how to code. This knowledge is taught through play; there are games offered by ProgKids to make learning more fun. The aim is to make Minecraft worlds with code.

Founded in 2017, the company has since grown to employ between eleven and fifty people. Sergei Zhuchkov founded the company that now has its headquarters based in Moscow, Russian Federation. In just one funding round, the Russian tech start-up managed to raise $1.5M with one investor.

13. SF Education

Year Founded: 2014

HQ: Moscow, Russian Federation

Size: 51-100

Founders: Alexander Valtsev, Alisher Fozilov

SF Education is another Russian start-up that works within the education technology sector. It is an online university with lessons presented as videos that can be accessed at any time of day. The online format allows university level education to be more accessible for different students; for those that work in the day, they can still study in the evenings or at weekends. There is also the tool to talk to teachers on webinars and chats. SF Education offers multiple courses as well as career planning support.

SF Education was founded in 2014 by Alexander Valtsev and Alisher Fozilov. It is currently made up of between fifty one and one hundred employees with a base in Moscow, Russian Federation. Since 2014, the edtech start-up has completed one funding round and raised $500K with two investors.

14. Welny

Year Founded: 2016

HQ: Moscow, Russia

Size: 1-10

Founders: Olga Sokolova

Welny is a Russian startup that was founded in 2016 and is currently based in Moscow, Russia. The company makes its money through the provision of an on demand platform where people can book massages and only allows the hire of qualified, professional therapists.

Since being founded, the company has gone through a single round of funding, which allowed the business to raise a figure of $350,000.

15. Insurion

Year Founded: 2017

HQ: Moscow, Russian Federation

Size: 1-10

Founders: Artem Kokorin

Insurion is a Russian start-up that was founded in 2017 and is currently based in Moscow. The company uses information technology and operates in the insurance tech industry. Insurion uses parametric insurance for multiple sectors including tourism, logistics and agriculture. Parametric insurance works by automatically detecting insured events and allows instant claim settlements to be made. They work with both insurance companies and partners.

Since Artem Kokorin founded Insurion in 2017, the tech start-up has raised $400K in funding. This was made in just one funding round in December 2021 with one investor. The Russian company has its headquarters in Moscow and employs between one and ten people.

16. Eyebuy

Year Founded: 2020

HQ: Moscow, Russian Federation

Size: 1-10

Founders: Ruslan Krylov, Sergey Vart

The next company is an e-commerce start-up from Russia. Eyebuy is a platform for live video shopping. The business uses bloggers and influencers to sell products virtually, via livestreams. It is a popular and growing sales technique that has proved to make money with the rise of social media. Large platforms can be made meaning large audiences are reached through the use of bloggers and influencers.

Eyebuy was founded in 2020 by Ruslan Krylov and Sergey Vart. The company currently has an employee size of between one and ten people. The headquarters are located in Moscow in the Russian Federation. Since 2020, the company has completed one funding round. This took place in December 2021 and $95K was raised.

17. JuniStat

Year Founded: 2019

HQ: Moscow, Russian Federation

Size: 11-50

Founders: Gleb Shaportov

JuniStat is a Russian start-up that operates within the artificial intelligence industry. It is a mobile app that can help young football players to improve their skills. With tests available to take on the app too, a player can send off applications to football schools and academies. It works the other way round too; scouts and academies can sort through the rankings on the app as well to find the highest skilled players.

This Russian artificial intelligence start-up was founded in 2019 by Gleb Shaportov. The company has between eleven and fifty employees with its headquarters in Moscow, Russian Federation. $560K has been raised so far in two funding rounds with two investors.

18. SoFits.Me

Year Founded: 2012

HQ: Moscow, Russia

Size: 1-10

Founders: Nataly Kotlyarevska, Oleg Minaev

SoFits.Me is a Russian startup that was founded in 2012 and is currently based in Moscow, Russia. They company makes its money through the provision of a fashion platform that gives item and style recommendations based on preferences, colours and more.

Since being founded, the company has gone through a sole round of funding where it managed to raise $50,000.

19. Proaction

Year Founded: 2012

HQ: Saint Petersburg, Russian Federation

Size: 11-50

Founders: Aleksei Litvinov

Proaction or otherwise known as Proaction.pro, is a start-up from Russia that works within the  human resources sector. The platform gives access to online staff assessment. The evaluations of applicants, candidates and employees through all stages of HR are accurate. The aim for Proaction is to make recruitment and personnel management more efficient.

Since being founded in 2012 by Aleksei Litvinov, the company has managed to raise $379.7K. Three funding rounds have been completed between May 2018 and January 2022, with four investors. The headquarters are located in Saint Petersburg and the company size sits between eleven and fifty employees.

20. Talerock Studio

Year Founded: 2017

HQ: Moscow, Russian Federation

Size: 11-50

Founders: Unknown

The next Russian start-up is Talerock Studio and it works within the gaming and software industries. The team has over ten years of experience in the gaming industry and specialises in game production. The company is an art outsourcing studio and indie game developer. They offer clients many services including 2D illustrations and concept art, 3D modelling and sculpting, VFX and lighting, storyboarding and much more.

Talerock Studio was founded in 2017 and has since managed to raise an impressive $1M in just one funding round. This funding round took place in December 2021 and involved one investor. The company employs between eleven and fifty individuals and has its headquarters based in Moscow, Russia.

21.Welldone

Year Founded: 2019

HQ: Moscow, Russia

Size: 11-50

Founders: Alexander Kiselev

Welldone or also known as Welldone green is a biotechnology start-up company from Russia. The company is working on creating plant based meat for a large consumer audience. This year, the company is aiming to be able to price match meat to make this diet option an accessible alternative, therefore reaching an even larger market. Welldone is specialising in producing plant based mince meat and burgers.

The Russian biotechnology start-up was founded in 2019 and has its headquarters in Moscow, Russia. The company has an employee size of eleven to fifty people and was founded by Alexander Kiselev. In July 2021, the company completed a funding round raising $1.5M with two investors.


FAQs

How Many Startups Are There In Russia?

As it stands, estimates place the number of startups in the country at over two-thousand.

What Are The Strongest Industries in Russia?

The strongest industries in Russia are oil and gas, mining, aviation, manufacturing, transport, construction and more.

Top Russian Startups To Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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