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
Flashpoint Venture Capital Reaches USD102m Close for Early-stage VCIII Fund
Flashpoint Venture Capital reached a USD102m final close for its VCIII Fund surpassing its USD100m target. The vehicle focuses on global Series A B2B software companies with founders from CEE… Read More
Sunman Group Acquires Romania’s Noriel Group; Enterprise Investors Exits
Enterprise Investors through its private equity fund Polish Enterprise Fund VII has sold its 100% stake in Romania-based toy manufacturer Noriel Group to Turkey-based Sunman Group for an undisclosed amount.… Read More
Earlybird Digital East, Stride.VC and Launchub Ventures Invest USD4.5m in Seed Round for Romania’s Sessions
Earlybird Digital East, Stride.VC and Launchub Ventures invested USD4.5m in a seed round for Sessions, a Romania-based video conferencing platform. Read More
Creandum Leads USD18.6m Series A for Czech Republic’s Better Stack
Creandum led a USD18.6m Series A for Better Stack, a Czech Republic-based software monitoring platform for developers, with participation from Susa Ventures, K5 Global, Credo Ventures and angels. Read More
Abris-backed GreenGroup Acquires Romania’s SIGAD
Abris Capital Partners acquired SIGAD, a Romania-based developer of environmental reporting software, through its portfolio company GreenGroup for an undisclosed amount. The acquisition launched GroupGroup’s circular innovations division. Read More
Accession Capital Partners Reaches ~USD91m First Close for Credit Fund
Accession Capital Partners reached a EUR90m (~USD91m) first close for its ACP Credit Fund I. The vehicle, which has a target of EUR200m (~USD203m), will provide senior-secured debt to high-growth… Read More
Lightspeed Venture Partners Leads USD25m Series A for UK and Estonia’s Lightyear
Lightspeed Venture Partners led a USD25m Series A for Lightyear, a UK- and Estonia-based multi-currency investment app, with participation from Richard Branson’s Virgin Group and follow-on from Mosaic Ventures, Taavet+Sten,… Read More
The Rohatyn Group Acquires Bugaria’s Leader 96 from KJK Capital
The Rohatyn Group acquired Bulgaria-based electric bike maker Leader 96 from KJK Capital for an undisclosed amount. Read More
Owl Ventures Leads USD50m Series C for Ukraine’s Preply
Owl Ventures led a USD50m Series C for Preply, a Ukraine-based language learning marketplace, with participation from Swisscom Ventures, Orbit Capital and Przemyslaw Gacek (Grupa Pracuj) and follow-on from Diligent… Read More
Re-Pie Portfolio Leads a USD20m Bridge Round for Turkey’s Modanisa
Re-Pie Portfolio led a USD20m bridge round for Modanisa, a Turkey-based Muslim fashion retailer, with follow-on from EBRD, Goldman Sachs and Wamda Capital. The funding will be used to expand… Read More
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures Invest in ~USD3.5m Seed Round for Poland’s The Village Network
500 Global, Credo Ventures, Movens Capital and Tilia Impact Ventures invested in a EUR3.4m (~USD3.5m) seed round for The Village Network, a Poland-based women-led edtech startup. Read More
BlackPeak Capital Reaches ~USD132.1m Final Close for SEE Growth Equity Fund
BlackPeak Capital reached a USD132.1m (EUR126m) final close for its Luxembourg-based Southeast Europe Growth Equity Fund. The vehicle will focus on growth equity SMEs in Bulgaria, Romania, Slovenia, Croatia and… Read More