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
Jeff Schlapinski, Managing Director, Research
Sabrina Katz, Manager, Research & Special Projects
Tatia Dzaptashvili, Analyst, Research
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
Aquiline-Backed Everfield To Acquire Latvia’s Blue Bridge Technologies; BaltCap to Exit
Everfield, a software buy-and-build platform established by Aquiline, agreed to acquire a 100% stake in Blue Bridge Technologies, a Latvia-based developer of medical practice management software. The deal will facilitate… Read More
Mubadala Capital and Korelya Capital Lead USD70m Series B for Poland’s Ramp
Mubadala Capital and Korelya Capital led a USD70m Series B for Ramp, a Poland-based cryptocurrency payment platform, with participation from Cogito Capital and follow-on from Balderton Capital. Read More
Sandberg Capital Acquires 75% Stake in Hungary’s Green Fox Academy
Sandberg Capital, through its Sandberg Investment Fund II, acquired a 75% stake in Green Fox Academy, a Hungary-based training platform for developers. Read More
CEECAT Capital Reaches ~USD152m Final Close for Fund II
CEECAT Capital reached a EUR154m (~USD152m) final close for its second flagship fund, which makes growth equity investments in small and mid-cap companies in southeastern Europe. CEECAT Fund II has… Read More
Abris-backed Alsendo Acquires Majority Interest in Romania’s Innoship
Abris Partners-backed digital shipping platform Alsendo acquired a majority stake in Innoship, a Romania-based delivery management software provider. Read More
500 Emerging Europe Invests in Turkey’s Ddosify
500 Emerging Europe invested in Ddosify, a Turkey-based developer of open-source performance testing software. Read More
Estonia’s Sunly Raises ~USD200m
Sunly, an Estonia-based renewable energy provider, raised EUR200m (~USD200m) from Mirova and others. Read More
Evolution Equity Partners led a USD41.5m funding round in Tatum
Evolution Equity Partners led a USD41.5m round for Tatum, a Czech Republic-founded, UK-based blockchain app development platform, with participation from Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund and… Read More
Northzone Leads USD35m Series B for Estonia’s Katana
Northzone led a USD35m Series B for Katana, an Estonia-based manufacturing ERP platform, with participation from Lightrock and follow-on from 42CAP and Atomico. Read More
Evolution Equity Partners Leads USD41.5m Round for UK and Czech Republic’s Tatum
Evolution Equity Partners led a USD41.5m round for Tatum, a Czech Republic-founded, UK-based blockchain app development platform, with participation from Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund and… Read More
Integral Venture Partners Invests in Romania’s Medima Health
Integral Venture Partners, through its Evolving Europe Principal Investments I fund, invested in Medima Health, a Romania-based medical clinic chain specializing in imaging and radiology, through a combined capital increase… Read More
Action Capital Leads USD12m Series A for Estonia’s Klaus
Action Capital led a USD12m Series A for Klaus, an Estonia-based customer service quality management app, with follow-on from Icebreaker, Creandum and Global Founders Capital. Read More