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
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
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
General Atlantic and SoftBank Lead USD1.5b Round for Turkish E-Commerce Trendyol
General Atlantic and SoftBank Vision Fund 2 led a USD1.5b round for Turkey-based e-commerce platform Trendyol, with participation from Qatar Investment Authority, Abu Dhabi sovereign fund ADQ and Princeville Capital,… Read More
Owl Ventures and Goodwater Capital Lead USD35m Series B for Polish Edtech Novakid
Owl Ventures and Goodwater Capital led a USD35m Series B for Novakid, an Poland-based edtech platform for learning English as a second language for children, with follow-on from investors including… Read More
Sequoia, Tekne, Ghisallo, Others Invest ~USD712m in Estonia’s Bolt
Estonia-based ridesharing and food delivery services company Bolt raised a EUR600m (~USD712m) round from Sequoia Capital, Tekne and Ghisallo, and existing backers G Squared, D1 Capital and Naya, at a… Read More
Inovo Venture Partners Leads ~USD7m Seed Round for Polish Healthcare Startup Jutro Medical
Inovo Venture Partners led a EUR6m (~USD7m) seed round for Jutro Medical, a Poland-based hybrid telemedicine and in-person health platform, with participation from Rheingau Founders. Read More
Baring Vostok, Winter Capital and Goldman Invest USD50m in Russian Edtech GetCourse
Baring Vostok, Winter Capital Partners and Goldman Sachs invested USD50m in Russia-based edtech GetCourse. Read More