TLDR: Eastern European startups raised over €1.85 billion in venture capital in 2023, despite a 57% drop in venture deals compared to the previous year. The top six countries contributing to the investment volume were Poland, Greece, Lithuania, Czech Republic, Estonia, and Romania. Series A and B investments dominated, comprising over 75% of the total investment volume. The key industries driving investment were Energy, Health, Heavy Industry, Big Data, Cybersecurity, and Dev Tools.
The recently launched “Venture in Eastern Europe Report” by How to Web provides insights into the dynamic landscape of Eastern European venture deals, highlighting the strength and resilience of the region’s entrepreneurs. The report examines the evolving patterns and unique dynamics of the startup ecosystems in each Eastern European country. It also showcases notable companies leading the way and analyzes the implications for the region’s startup landscape.
Key points from the report include:
- Eastern European startups raised over €1.85 billion in venture capital in 2023.
- There was a 57% drop in venture deals compared to 2022.
- Poland, Greece, Lithuania, Czech Republic, Estonia, and Romania were the top six countries contributing to the investment volume.
- Series A and B investments dominated, comprising over 75% of the total investment volume.
- The key industries driving investment were Energy, Health, Heavy Industry, Big Data, Cybersecurity, and Dev Tools.
The report celebrates the collective achievements of Eastern European startups and their role in shaping the global tech narrative. It highlights the transformative power of Eastern European entrepreneurs and envisions a future where technology empowers every corner of the community.
