Data & Intelligence

Central & Eastern Europe Data Insight (Year-End 2019)

Overall CEE & CIS fundraising was on par with previous years, while VC fundraising grew nearly fourfold

Private capital fund managers targeting Central and Eastern Europe (CEE) & the Commonwealth of Independent States (CIS) raised a total of USD1.5 billion for the region in 2019. Total fundraising for CEE & CIS dipped slightly due to an absence of larger regional funds. However, Turkish GPs capitalized on a stabilized currency and improved economic prospects, with Turkey-dedicated funds raising USD664 million in 2019. CEE & CIS venture capital (VC) funds—which mostly focused on early-stage opportunities—raised USD438 million, the highest total for the strategy since 2011. Led by Earlybird Digital East Fund II’s USD134 million final close and Cogito Fund I’s EUR55 million (USD62 million) final close, VC funds in the region grew in size as well. As local tech ecosystems evolve, fund managers are equipping themselves to invest in fast-growing companies with global potential.

EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company