Krakow, Poland

Members can access the Data Room for a ten-year archive of CEE private capital transactions and data cuts.

Research Team

Jeff Schlapinski, Managing Director, Research

Tatia Dzaptashvili, Analyst, Research

Central & Eastern Europe Research

Mid-Year 2024 Industry Data & Analysis

28 August 2024
Overall private capital invested across GPCA’s markets – including Asia, Latin America, Africa, CEE and the Middle East – fell to USD17.3b in Q2, despite deal count increasing slightly to… Read More

2024 Trends in Global Tech

21 March 2024
GPCA markets are searching for a new normal. After an unprecedented wave of activity during COVID-19, venture capital (VC) deal value and count fell for the second straight year in… Read More

2024 Industry Data & Analysis

20 February 2024
GPCA’s 2024 Industry Data & Analysis features in-depth private capital data, commentary and analysis on key trends across global markets.   Key data takeaways:   Overall private capital deal value across GPCA’s markets… Read More

Private Capital in CEE: Building Businesses Against the Backdrop of a War

6 February 2024
For private capital investors in Central & Eastern Europe (CEE), the economic and geopolitical developments of the last several years – including Russia’s invasion of Ukraine – have presented a unique set… Read More

2023 Industry Data & Analysis

21 February 2023
Private capital investment activity across GPCA’s markets remained strong by historical standards in 2022, with fund managers deploying USD208b.  Overall deal value declined 22% from 2021, yet 2022 was still… Read More

2023 Trends in Global Tech

21 February 2023
Overview GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central & Eastern Europe and the Middle East. Amidst a… Read More

2022 CEE Data Insight

15 December 2022
Private capital deal activity in CEE declined in Q3 2022 amidst a global tech slowdown and the Russia-Ukraine war. Still, opportunities in tech and the energy transition continue to attract… Read More

2022 Global Private Capital Industry Data & Analysis

16 February 2022
GPCA 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

16 September 2021
GPC 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

31 March 2021
Total 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)

10 September 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

2021 Climate Data Insight

2 November 2021
Based 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

25 May 2021
Investments 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

3TS Capital Partners-backed Catalyst Romania Exits Romania’s 123FormBuilder

3TS Capital Partners‘ affiliate Catalyst Romania fully exited 123FormBuilder, a Romania-based online form builder, via a sale to Kiteworks. Read More

L Catterton Acquires Majority Stake in Latvia’s Stenders 

L Catterton acquired a majority stake in Stenders, a Latvia-based bath and body care company. Read More

NJJ Capital Acquires and Merges Horizon Capital’s Datagroup-Volia and Lifecell

A consortium led by NJJ Holding acquired and merged Ukraine-based TV provider Datagroup-Volia and mobile operator Lifecell, facilitating a partial exit for Horizon Capital. Read More

CEECAT Capital, EBRD and Morphosis Capital To Provide Growth Financing to Romania’s La Cocos

CEECAT Capital, EBRD and Morphosis Capital agreed to provide growth financing to La Cocos, a Romana-based supermarket chain. Read More

Innova Capital Acquires Controlling Stake in Poland’s Tutore

Innova Capital acquired a controlling stake in Poland-based education platform Tutore. Read More

Cerberus, EBRD and IFC Acquire Poland’s VeloBank

Cerberus, EBRD and IFC fully acquired Poland-based universal bank VeloBank from the Bank Guarantee Fund. Read More

Value4Capital Reaches ~USD119.7m First Close for V4C Poland Plus Fund II

Value4Capital reached a EUR110m (~USD119.7m) first close for its second V4C Poland Plus Fund focused on lower mid-market companies in Poland, Romania and broader CEE. Read More

Innova Capital and EBRD Invests ~USD21.8m in Poland’s R-Gol To Acquire Denmark’s Unisport

EBRD and Innova Capital invested EUR20m (~USD21.8m) in Poland-based football products retailer R-Gol to support its acquisition of Denmark-based football products retailer Unisport. Read More

Innova Capital and EBRD Invests ~USD21.8m in Poland’s R-Gol To Acquire Denmark’s Unisport

EBRD and Innova Capital invested EUR20m (~USD21.8m) in Poland-based football products retailer R-Gol to support its acquisition of Denmark-based football products retailer Unisport. Read More

Earlybird Digital East Leads a USD3m Pre-Seed Round for Turkey’s Grand Games

Earlybird Digital East led a USD3m pre-seed round for Grand Games, a Turkey-based mobile game developer, with participation from Laton Ventures.  Read More

EBRD Leads USD170m Investment in Czech Republic’s Rohlik

EBRD led a USD170m investment in Rohlik Group, a Czech Republic-based grocery delivery platform, with participation from European Investment Bank, as well as follow-on from Sofina, Index Ventures, Quadrille and… Read More

Sapphire Ventures Leads USD200m for Ukraine’s Creatio

Sapphire Ventures led a USD200m investment in Creatio, a Ukraine-based CRM and workflow platform, at a reported USD1.2b valuation, with participation from StepStone Group, as well as follow-on from Horizon… Read More