Regions
Emerging Europe (CEE/CIS)
Featured
CEE & CIS Data Insights (Mid-Year 2020)
EMPEA 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
Latest From EMPEA
Industry News
Horizon Capital’s Datagroup to Acquire Ukrainian Broadband Cable Service Provider Voila
Horizon Capital-backed Datagroup has agreed to acquire 100% of Volia, a Ukraine-based broadband cable service provider. The transaction is subject to regulatory approvals. Read more
Read MoreLearn Capital Leads USD80m Series D for Polish Edtech Brainly
Learn Capital led a USD80m Series D for Brainly, a Poland-based peer-to-peer learning platform, with follow-on from Prosus Ventures, Runa Capital, MantaRay, and General Catalyst Partners. Read more
Read MoreFlashpoint Venture Capital Reaches USD50m First Close for CEE & CIS VC Fund
Flashpoint Venture Capital has reached a USD50m first close for its third VC fund. The vehicle, which targets USD75-100m, will invest in international companies founded by management teams from CEE
Read MoreD1 Capital Partners Leads USD182m Round for Estonian Ridesharing and Food Delivery App Bolt
D1 Capital Partners led a EUR150m (approximately USD182m) equity round for Estonia-based ridesharing and food delivery app Bolt, with participation from Darsana Capital Partners. Read more
Read MoreEnterprise Investors Invests USD30.5m in Poland’s Software Mind
Enterprise Investors invested EUR25m (approximately USD30.5m) for 50.2% stake in Polish Software Company Software Mind. Read more
Read MoreKarma Ventures and BlackFin Lead USD4m Seed Round for Estonian Core Banking Platform Modularbank
Karma Ventures and BlackFin Capital Partners led a USD4m late seed round for Estonia-based core banking platform Modularbank, with participation from Plug and Play Ventures, Siena Capital, and former Twilio
Read MoreHorizon Capital Exits Moldovan Glass Packaging Companies GCC via Sale to Vetropack
Western NIS Enterprise Fund, a fund managed by Horizon Capital, has agreed to sell its stakes in Moldova-based Glass Container Company and Glass Container Prim (GCC) to Vetropack Group for
Read MoreTarget Global and Palta Lead USD5m Series A for Cyprus’ Nutrition Platform Simple
Target Global and Palta led a USD5m Series A for Cyprus-based nutrition platform Simple, with participation from S16 Angel Fund and Supernova. Read more
Read MoreMid Europa to Acquire Polish Cloud Business Management Solutions Company Sage
Mid Europa Partners has entered into an agreement to acquire Sage Poland, a Polish cloud business management solutions company for SMEs, from The Sage Group. The transaction is subject to
Read MoreAndreessen Horowitz Leads USD5.5m Seed Round for Ukrainian Face-Swap Video App Reface
Andreessen Horowitz led a USD5.5m seed round for Reface, a Ukraine-based app for video and GIF face-swaps, with participation from angel investors. Read more
Read More3TS-Backed Catalyst Romania Reaches First Close for Second VC Fund
3TS Capital Partners-backed Catalyst Romania has reached a EUR26m (approximately USD31.2m) first close for Catalyst Romania Fund II, its second VC fund. The vehicle, which targets EUR40-50m, will invest in
Read MoreKartesia Provides EI-Backed Nu-Med with USD38m Refinancing Package
Kartesia, through its Kartesia Credit Opportunities (KCO) IV and V funds, has provided Nu-Med, a Poland-based oncology center operator backed by Enterprise Investors, with a EUR32m (approximately USD38m) refinancing package.
Read MoreAbris Acquires Polish Health Care Network Operator Scanmed
Abris Capital Partners, through its Abris CEE Mid-Market III fund, has acquired 100% of Poland-based health care network operator Scanmed from Life Healthcare Group for an undisclosed amount. The transaction
Read MoreBaring Vostok and Winter Capital Invest in Russian Edtech Skyeng
Baring Vostok and Winter Capital have invested an undisclosed amount in Russia-based edtech Skyeng. Read more
Read MoreHorizon Capital Increases Stake in Ukrainian Digital Services Provider Datagroup
Horizon Capital’s EEGF II has increased its stake in Ukraine-based fiber infrastructure and digital services provider Datagroup from 73.46% to 96.13%. As a result of the transaction, the company’s founder
Read MoreApollo Global to Invest USD591 in Czech Lottery Company Sazka Entertainment
Apollo Global Management has agreed to invest EUR500m (approximately USD591m) in Czech Republic-based lottery company Sazka Entertainment. The transaction reportedly brings the company’s valuation to EUR4.2b (approximately USD5b). Read more
Read MoreElbrus Capital- and Winter Capital-Led Consortium Acquires 60% of Russian Bank and Insurance Marketplace Banki.ru
A consortium of investors led by Elbrus Capital and Winter Capital has acquired a 60% stake in Russia-based bank and insurance marketplace Banki.ru from the company’s founders. Read more
Read MoreInnova Capital Invests in Polish Cosmetics Company Bielenda Kosmetyki
Innova Capital has invested an undisclosed amount in Poland-based cosmetics company Bielenda Kosmetyki. Innova Capital will also support the company in the acquisition of the Dermika and Soraya brands from
Read MoreEIT InnoEnergy, FirstFloor, MM Grupp, and Harju Elekter Invest USD48m Series D for Estonian Energy Storage Products Manufacturer Skeleton
Existing investors EIT InnoEnergy, FirstFloor Capital, MM Grupp, and Harju Elekter have invested a EUR41.3m (approximately USD48m) Series D for Skeleton Technologies, an Estonian manufacturer of ultracapacitor-based energy storage products.
Read MoreMid Europa to Acquire Majority Stake in Polish Online Metal Prints Marketplace GWD
Mid Europa Partners has agreed to acquire a majority stake in Poland-based online metal prints marketplace GWD Concept from the company’s founders, Credo Ventures, and Miton Capital. The transaction is
Read MoreSierra Ventures Leads USD1.75m Seed Round for Armenian Text-to-Podcast Conversion Startup Podcastle
Sierra Ventures led a USD1.75m seed round for Podcastle, an Armenia-based text-to-speech converter that uses artificial intelligence to convert news into podcasts, with participation from AI fund and Correlation VC.
Read MoreFil Rouge Capital Invests ~USD1.4m in Slovenian Translation Startup TAIA
VC Fil Rouge Capital invested a EUR1.2m (~USD1.4m) seed round for Slovenian machine translation platform TAIA. Read more
Read MoreMacquarie Acquires ČEZ Group’s Romanian Power Assets
A consortium led by Macquarie Infrastructure and Real Assets (“MIRA”) acquired a portfolio of Romanian power assets owned by ČEZ Group, including electricity distribution networks, energy supply, and the Fantanele
Read MoreAbris Exits Polish Locomotive Leasing Company Cargounit to Three Seas
Abris Capital Partners has agreed to sell its stake in Poland-based locomotive leasing company Cargounit to Three Seas Initiative Investment Fund. The transaction is expected to close by year-end 2020.
Read MoreInnova to Acquire Romanian Payments Operator Paypoint Romania
Innova Capital has agreed to acquire Romania-based payments operator PayPoint Romania from LSE-listed PayPoint. The transaction is subject to regulatory approval. Read more
Read MoreBaring Vostok and Goldman Sachs Acquire Stake in Russian Finance and Insurance Marketplace Sravni.ru
Baring Vostok and Goldman Sachs have acquired stakes in Russia-based finance and insurance marketplace Sravni.ru. Read more
Read MorePortfoLion Invests USD2.5m Series A for Polish E-Commerce CRM Platform edrone
Hungarian VC PortfoLion has invested a EUR2.11m (approximately USD2.5m) Series A for edrone, a Poland-based e-commerce CRM platform that provides advanced marketing automation solutions. The capital will fund research and
Read MoreMid Europa Sells Minority Stake in Hungarian Logistics Company Waberer’s to Indotek
Mid Europa Partners has agreed to sell 24% of its interest in Hungary-based freight and logistics company Waberer’s International to real estate investment and development business Indotek. The transaction is
Read MoreInnova Capital Exits Polish Logistics Operator PEKAES via Sale to GEODIS & Buys STX Next
Innova Capital exited logistics operator PEKAES via a sale to France-based global supply chain operator GEODIS. The terms of the transaction were undisclosed. Innova Capital also made an undisclosed investment in
Read MoreEI Acquires Additional 35% Stake in Croatian Bakery Pan-Pek
Enterprise Investors, through its Polish Enterprise Fund VII, has acquired an additional 35% stake in Croatia-based frozen bakery products producer and retailer Pan-Pek from Ivan Parać, the company’s founder. The
Read MoreBaring Vostok-Backed Kaspi.kz Raises USD870m in London IPO
Kaspi, a Kazakhstan-based fintech backed by Baring Vostok and Goldman Sachs, has raised USD870m in its IPO on the London Stock Exchange, reaching a reported valuation of USD6.5b and facilitating
Read MoreMediterra Acquires Majority Stake in Turkish Fintech PayCore
Mediterra Capital has agreed to acquire a majority stake in Turkey-based payment solutions provider PayCore. Read more
Read MoreLead Ventures Leads USD2.5m Series A for Hungarian Server Security Solutions Provider BitNinja
Lead Ventures led a USD2.5m Series A for Hungary-based website server protection solutions provider BitNinja, with participation from Oxo Technologies Holdings. Read more
Read MoreAbris Acquires Majority Stake in Polish E-Commerce Delivery Solutions Provider R2G Polska
Abris Capital Partners has acquired a majority stake in R2G Polska, a Poland-based e-commerce delivery solutions provider operating under the Apaczka brand, from Concordia 21. Read more
Read MoreGiant Ventures Leads USD2m Pre-Seed Investment in Poland- and US-Based Air Quality Data Platform Airly
Giant Ventures led a EUR1.7m (approximately USD2m) pre-seed round for Airly, a Poland- and US-based internet company that specializes in providing hyper-local data about air pollution, with participation from angel
Read MoreEnterprise Estonia Invests USD1.4m in Estonian Production Management Software Eziil
Enterprise Estonia and others have invested EUR1.2m (approximately USD1.4m) in Eziil, an Estonia-based production management software for factories. Read more
Read MoreCogito Invests USD4.3m Series A for Polish Healthtech HomeDoctor
Cogito Capital Partners has invested a EUR3.7m (approximately USD4.3m) Series A for Poland-based healthtech HomeDoctor, with participation from the company’s founders. Read more
Read MoreAllegro Raises USD2.3b in Warsaw IPO, Permira, Mid Europa Partners, and Cinven Exit
Poland-based e-commerce group Allegro has raised USD2.3b in its IPO on the Warsaw Stock Exchange, facilitating a partial exit for shareholders Permira, Cinven, and Mid Europa Partners who originally acquired
Read MoreQuona Capital, Elevator Ventures, Syngenta, and the Collective Spark Fund Lead USD5m Series A for Turkish Fintech Tarfin
Quona Capital, Elevator Ventures, Syngenta Ventures, and the Collective Spark Fund led a USD5m Series A for Turkey-based fintech Tarfin, with participation from Wamda. Read more
Read MoreVentureFriends Leads USD12m Investment in Greece- and Poland-Based Used Car Marketplace Spotawheel
VentureFriends led a EUR10m (approximately USD12m) debt and equity funding for Spotawheel, a used car marketplace with operations in Greece and Poland, with participation from existing investors Velocity Partners and
Read MoreTiga Investments, OTB Ventures, and TDJ Pitango Lead USD15m Series A for Poland- and China-Based Data Analytics Platform Cosmose AI
Tiga Investments, OTB Ventures, and TDJ Pitango led a USD15m Series A for Cosmose AI, a Poland- and China-based data analytics platform focused on predicting consumers’ offline shopping behavior. Read
Read MoreQnbeyond Ventures Invests Undisclosed Amount in Turkey-Based Retail Management Startup Ikas
Qnbeyond Ventures, the investment arm of Turkish bank QNB Finansbank, invested an undisclosed amount in Ikas, a Turkish marketplace solution, at a reported USD6m post-money valuation. Read more
Read MoreInnova Capital Exits Slovenia’s Trimo via Sale to Kingspan Group
Innova Capital sold its 100% stake in Trimo, a Slovenia-based producer of high quality façade and building envelope solutions, to Kingspan Group for an undisclosed amount. Read more
Read MoreHorizon Capital Leads USD5m Investment in Ukranian Medicine Delivery E-Commerce Platform Liki24
Horizon Capital led a USD5m investment in Liki24, an Ukraine-based e-commerce platform for medicine delivery, with participation from existing investors Genesis Investments and TA Ventures. Read more
Read MoreTrind Ventures, Presto Ventures, Koha Capital, and Others Invest USD1.2m in Estonian Virtual Identity Platform Wolf3D
Trind Ventures, Presto Ventures, Koha Capital, Spring Capital, and Contriber Ventures have invested EUR1m (approximately USD1.2m) in Wolf3D, an Estonia-based virtual identity platform focused on VR and games, with participation
Read MoreGenesis Capital Acquires Majority Stake in Czech Digital Advertising Company R2B2
Genesis Growth Equity Fund I has completed the acquisition of a majority stake in Czech Republic-based digital advertising company R2B2. Read more
Read MoreEBRD and Heal Capital Lead USD10m Series A for Polish Healthtech Infermedica
EBRD and Heal Capital led a USD10m Series A for Infermedica, a Poland-based healhtech focused on providing AI-enabled solutions for preliminary diagnosis and patient triage, with participation from existing investors
Read MoreEnterprise Investors Sells Polish Wind Farm to PGE for USD59m
Enterprise Investors (EI) has sold Poland-based Skoczykłody wind farm to PGE Energia Odnawialna for EUR50m (approximately USD59m). The wind farm was developed by EI’s portfolio company Wento. Read more
Read MoreOne Equity Partners Invests USD200m Series A for Croatian Cloud Communications Startup Infobip
One Equity Partners has invested a USD200m Series A for Croatia-based cloud communications platform Infobip in a deal which reportedly values the company at over USD1b. Read more
Read MoreCreandum and Highland Europe Lead USD15m Series A for Turkish-German Meditation Startup Meditopia
Creandum and Highland Europe led a USD15m Series A for Turkey- and Germany-based meditation startup Meditopia. Read more
Read MoreV4C-Backed Kom-Eko Acquires 69.46% Stake in Polish Waste Management Company Lubelska Agencja Ochrony Srodowiska
Value4Capital-backed Kom-Eko has acquired a 69.46% stake in Poland-based environmental protection and waste management company Lubelska Agencja Ochrony Srodowiska for an undisclosed amount. Read more
Read MoreTakarék VC Invests USD2.3m Pre-Series A for Hungarian Digital Aircraft Maintenance Solutions Company AerniX
Takarék VC has invested a EUR2m (approximately USD2.3m) pre-Series A for Hungary-based digital aircraft maintenance solutions company AerniX through Takarék Venture Capital Fund I. Read more
Read MoreAddVenture and Target Global Lead USD4.5m Series B for Russian Insurtech BestDoctor
AddVenture and Target Global led a USD4.5m Series B for Russia-based insurtech BestDoctor, with participation from returning investor LVL1 Group. Read more
Read More