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
My.Games VC Invests USD3m in Voxter, Tworogue Games & Wideview
My.Games Venture Capital invested USD3m in three Eastern European game studios: Voxter, Tworogue Games and WideView Games. Read More
Revo Capital Reaches ~USD105m Final Close for Turkey & Eastern Europe VC Fund
Revo Capital reached a EUR90m (~USD105m) final close for its second fund targeting investments in tech-driven and growth-stage startups in Turkey and Eastern Europe. IFC, EBRD and DEG are among… Read More
Re-Pie Leads USD30m Series A for Turkish Fintech Colendi
Re-Pie Asset Management led a USD30m Series A for Colendi, a Turkey-based payment solution and micro-crediting platform. Re-Pie invested USD12m through its Colendi Private Equity Investment Fund. Read More
Lighthouse Ventures Leads USD1m Pre-Seed Round for Lithuania’s Kernolab
Lighthouse Ventures led a EUR855k (~USD1m) pre-seed round for Lithuanian fintech Kernolab, with follow-on from Startup Wise Guys. Read More
Octopus Ventures Leads ~USD2.8m Round for Turkey- and UK-Based Integrated Finance
Octopus Ventures led a GBP2m (~USD2.8m) round for Turkey- and UK-based fintech infrastructure provider Integrated Finance, with participation from 500 Istanbul, SuperSeed Ventures and angel investors. Read More
3TS Reaches First Close for Central Europe Tech Fund
3TS Capital Partners reached an undisclosed first close for its fourth growth fund focused on tech investments across Central Europe. The vehicle has a target size of EUR150m (USD177m). Read… Read More
Aqua Spark, Nutreco and PFR Life Science Lead ~USD24.6m Investment in Poland’s Proteon
Aqua Spark, Nutreco and PFR Life Science, a specialist vehicle of the Polish Development Fund, led a EUR21m (~USD24.6m) in Proteon Pharmaceuticals, a Poland-based biotech aiming to reduce reliance on… Read More
Index Ventures Leads USD45m Series A for Latvia’s Printify
Index Ventures led a USD45m Series A for Latvia-based on-demand custom printing company Printify, with participation from H&M Group, Virgin Group, Dreamers VC and the founders of TransferWise, Vinted, Squarespace… Read More
TMT Investments Leads ~USD6.9m Series A for Estonia’s EstateGuru
TMT Investments led a EUR5.8m (~USD6.9m) Series A for Estonia-based property lending platform EstateGuru, with participation from Verve Ventures, Swiss Immo Lab and J&T IB and Capital Markets, the investment… Read More
Mubadala Leads USD35m Series C for Russia’s Borzo
Mubadala led a USD35m Series C for Borzo, a Russia-founded crowdsourced same-day delivery service, with participation from VNV Global, RDIF, Flashpoint Venture Capital and others. Read More
Kaya Leads USD3.2m Seed Round for Poland’s Cardiomatics
Kaya led a USD3.2m seed round for Poland-based healthtech Cardiomatics, with participation from Nina Capital, Nova Capital and Innovation Nest. Read More
Elbrus and iTech Capital Invest USD43m in Russian Traveltech Aviasales
Elbrus Capital and iTech Capital invested USD43m in Russia-based traveltech Aviasales. Read More