Private capital fund managers deployed USD2b in Central & Eastern Europe (CEE) in 2020; USD1.1b went to venture investments, followed by growth equity and buy-out transactions. It was a record year for exits, with USD5b in public market activity and USD7.8b in total exit value.
GPCA’s research on CEE includes Turkey, Russia and neighboring CIS markets.
An archive of CEE research reports can be found here.
Members can access GPC Analytics for a ten-year archive of CEE private capital transactions and data cuts.
Research Team
Katherine Stepanian, Senior Analyst
Central & Eastern Europe Research
Mid-Year 2021 Global Private Capital Industry Data & Analysis
September 16, 2021GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: All major markets posted year-over-year gains… Read More
CEE 2021 Data Insight
March 31, 2021Total CEE exit value disclosed to EMPEA reached USD7.8b in 2020, bolstered by public markets transactions Total exit value in Central & Eastern Europe (CEE)—inclusive of Turkey, Russia, and neighboring… Read More
CEE & CIS Data Insights (Mid-Year 2020)
September 10, 2020EMPEA Members can log in to receive exclusive access to the full detailed report (PDF) and underlying data (Excel). Buyout-focused GPs raised USD783m for CEE & CIS in 1H 2020, becoming poised… Read More
Central & Eastern Europe News
Eleven Ventures Reaches ~USD68m Final Close for Southeastern Europe Fund
Eleven Ventures reached a EUR60m (~USD68m) final close for its third fund focused on early-stage investments in fintech, healthtech, e-commerce and the future of work and food in Southeastern Europe.… Read More
Sequoia and Fidelity Lead ~USD711m Round for Estonia’s Bolt
Sequoia Capital and Fidelity Management led a EUR628m (~USD711m) round for Bolt, an Estonia-based ridesharing and food delivery services company, with participation from Whale Rock, Owl Rock, D1, G Squared,… Read More
Redseed Leads USD9m Series A for Russia’s Kodland
Redseed Ventures led a USD9m Series A for Kodland, a UK-headquartered edtech founded in Russia, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky (I2BF). Read More
ICONIQ Growth, Accel, Dragoneer, Others Invest USD400m Series C for Russia-Founded Miro
Miro, a US-based online visual collaboration platform founded in Russia, raised a USD400m Series C from ICONIQ Growth, Accel, Atlassian, Dragoneer Investment Group, GIC, Salesforce Ventures and TCV at a… Read More
CRV Leads USD50m Series B for Latvia’s Lokalise
CRV led a USD50m Series B for Latvia-based continuous localization platform Lokalise, with participation from Creandum and Dawn Capital, and follow-on from Chalfen VC, 3VC and S16VC. Read More
LAUNCHub Ventures Reaches ~USD84m Final Close for Second Fund
LAUNCHub Ventures reached a EUR74m (~USD84m) final close for its second fund targeting seed-to-Series A investments in SaaS, fintech, proptech, big data, AI, marketplaces, digital health and blockchain startups from… Read More
Baring Vostok Invests USD13m in Russia’s Mindbox
Baring Vostok invested USD13m in Mindbox, a Russia-based marketing automation platform. Read More
TCV-backed Grupa Pracuj Lists on Warsaw Stock Exchange at ~USD1.23b Valuation
Grupa Pracuj, a Poland-based online recruitment company, listed on the Warsaw Stock Exchange at a EUR1.09b (~USD1.23b) valuation, facilitating a partial exit for TCV and other shareholders. Read More
IPM Group Leads USD21m Series B for Slovakia’s Photoneo
IPM Group led a USD21m Series B for Slovakia-based robotic vision and intelligence maker Photoneo, with participation from Venture to Future Fund, Earlybird, AI Capital and Credo Ventures. Read More
3TS Capital Exits Polands SALESmanago via Sale to SilverTree Equity and Perwyn
3TS Capital exited SALESmanago, a Poland-based SaaS marketing automation platform, via a sale to SilverTree Equity and Perwyn for an undisclosed amount. Read More
Insight Partners Leads USD60m Series C for Hungary’s Bitrise
Insight Partners led a USD60m Series C for Hungary-based mobile DevOps platform Britrise, with follow-on from Partech, Open Ocean, Zobito, Fiedler Capital, Y Combinator and H14. Read More
Greenoaks Leads USD112m Series B for Bulgaria’s Payhawk
Greenoaks led a USD112m Series B for Bulgaria-based payments and expense management provider Payhawk, with follow-on from Earlybird Digital East, QED Investors and Eleven Ventures. Read More