
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
Tatia Dzaptashvili, Analyst
Central & Eastern Europe Research
2022 Global Private Capital Industry Data & Analysis
February 16, 2022GPCA members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle… Read More
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
2021 Climate Data Insight
November 2, 2021Based on GPCA’s newly developed taxonomy of climate-dedicated businesses, the 2021 Climate Data Insight covers climate-focused private capital activity in Asia, Latin America, Africa, Central & Eastern Europe and the… Read More
2021 Trends In Global Tech
May 25, 2021Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and… Read More
Central & Eastern Europe News
SIBF and Nati Harpaz Lead USD6m Seed Round for Cyprus’ BridgerPay
Nati Harpaz (Catch Group) and SIBF led a USD6m seed round for BridgerPay, a Cyprus-based payment operations platform provider. Read More
Accel Leads USD65m Series A for Lithuania’s Kevin
Accel led a USD65m Series A for Kevin, a Lithuania-based payments fintech for online and retail stores, with participation from Eurazeo, OTB Ventures, Speedinvest, OpenOcean and Global Paytech Ventures. Read… Read More
Karma Ventures and Hoxton Ventures Lead a USD15m Series A for Romania’s Druid
Karma Ventures and Hoxton Ventures led a USD15m Series A for Druid, a Romania-based developer of enterprise chatbots. Read More
EC Investments and J&T Capital Lead ~USD63m Series B for Czech Republic’s DoDo Group
EC Investments and J&T Capital led a EUR60m (~USD63m) Series B for DoDo Group, a last-mile B2B logistics tech company based in Czech Republic. Read More
VentureFriends Lead ~USD107m Round for Spotawheel
VentureFriends led a EUR100m (~USD107m) equity and debt round for Spotawheel, a Greece-based used car marketplace with operations in CEE, with participation from Adevinta Ventures, UNIQA Ventures, Rockaway Ventures, Velocity… Read More
Connected Capital Leads USD40m Series A for Estonia’s Eurora Solutions
Connected Capital led a USD40m Series A for Eurora Solutions, an Estonia-based cross-border e-commerce compliance platform, with participation from Change Ventures and Equity United. Read More
Early Game Ventures and RocaX Ventures Invest USD4m in Romania’s Bunnyshell
Early Game Ventures and RocaX Ventures invested USD4m in Bunnyshell, a Romania-based cloud infrastructure startup. Read More
Enterprise Investors-backed Studenac Acquires Croatia’s Kordun
Studenac, a Croatia-based retail chain backed by Enterprise Investors, acquired Crotian retail chain Kordun for an undisclosed amount. Read More
Almaz Capital Leads USD8m Series A for Poland’s Neptune.ai
Almaz Capital led a USD8m Series A for Neptune.ai, a Poland-based startup that helps companies manage model metadata, with follow-on from btov Partners, Rheingau Founders and TDJ Pitango. Read More
Index Ventures Leads ~USD12m Series A for Estonia’s Montonio
Index Ventures led a ~USD12m Series A for Montonio, an Estonia-based finance platform for online merchants, with follow-on from Tera Ventures, ffVC and Superangel. Read More
500 Global, Revo Capital, OYAK Investment, Others Invest USD3.5m Seed Round for Turkey’s ikas
ikas, a Turkey-based provider of e-commerce and e-export solutions to SMEs, raised a USD3.5m seed round from 500 Global, Revo Capital, OYAK Investment, Finberg and QNBEYOND Ventures. Read More
Message from Lenna Koszarny, Founding Partner & CEO of Horizon Capital
My dear partners and friends, I wish I could be with you today. I am in Ukraine with my team, and could not be in New York at this time.… Read More