According to the report published by Pishgam Bold Fund, Venture capital (VC) and private (PE) funds are established and operate under the supervision of the Stock Exchange and Securities Organization.These funds have a fixed capital and the time of the foundation of the fund, their capital is specified and fixed.
According to Iran digital economy annotation, Fund capital is paid in stages during the life of the fund (mainly during the investment period) according to the timing announced in the fund’s prospectus and the manager’s investment needs.
The capital of PE-VC funds is approximately 64 million dollors
According to this report, currently 21 venture capital (VC) and private (PE) stock exchange funds are operating under the supervision of the Securities and Exchange Organization. The total capital of these funds is 64 million dollors. The amount of approximately 25 million dollors with a market share of 40 percent is operating in the form of 16 VC funds and the amount of almost 38 million dollors with a market share of 60 percent is operating in the form of 5 PE funds.
500 million dollars of capital injection into the ecosystem of technology and innovation
According to the statistics provided by industry activists, in the best case, resources equivalent to 500 million dollars have been injected into the technology and innovation ecosystem in the last ten years. This amount is very small compared to the leading countries that allocate between one and three percent of the gross domestic product to this matter.
According to the minimum of this period, about 3 billion dollars should be invested in Iranian startups every year, and more than 100 venture capital funds and companies are required to manage these investments. The current situation compared to what it should be, shows that the investment and financing arm of the country’s startup ecosystem is in its infancy with seven years of activity.
VC and PE funds
In this report, it is stated that the largest VC fund with a capital of approximately 5 million dollors was established in 2022 (Arghavan Fund) and the largest PE fund with a capital of almost 19 million dollors was established in 2021 (Kaman Fund).
80% of funds resources have been invested
According to this report, so far, out of approximately 30 million dollors of paid capital, about 7 million dollors of surplus value has been created through bank deposit interest. Therefore, the current resources of the funds have reached approximately 36 million dollors. 80 percent of the funds’ paid resources have been invested with a value of almost 30 million dollors.
Investment status by different investable companies
In PE funds, the largest investment in Sepahan Industries and Mining Company in the amount of approximately 3 million dollors was made by Kaman Private Fund and the smallest investment in Petropariz Sabz Alborz Company in the amount of almost 390 thousand dollors was made by Novavar Private Fund.
In VC funds, the largest investment in Fast Helper Pars company with the brand “Miare” in the amount of 901 thousand dollors was made jointly by venture fund Pishgam and Sarv ,and the smallest investment was made in Messanger Hodhod Company in the amount of 480 dollors by Armani venture fund.
The investment in “Tabeeb darman pazhouhesh Ghalb company” is the only joint investment between private and venture fund (Eksir and Pishgam) in the amount of more than 1 million and 150 thousand dollars.
At the end of this report, it is stated that the data and information used in this report are from the latest report of the portfolio status and financial statements of venture and private funds in the Codal system and the status of their transactions on the website of Tehran Stock Exchange Technology Management Company It has been ruled.
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