UiPath, a Romania-founded robotic process automation company backed by Earlybird Venture Capital, has raised USD1.3b in an IPO on the NYSE. Existing shareholders Earlybird, Accel, Alphabet, among others, exited. Read more… Read More
CEE-focused PE firm KJK has acquired a majority stake in Alwark Group, a Lithuania-based provider of heavy machinery and warehouse equipment, for an undisclosed amount. Read more… Read More
Estonia-based VC Tera Ventures has reached a EUR43m (~USD51.2m) final close for its seed-stage fund targeting investments in startups in the Nordic and Baltic countries. Read more… Read More
IVP and Accel led a USD69m Series B for Veriff, an Estonia-based identity verification platform. Read more… Read More
Kaya VC (formerly Enern) has reached a EUR72m (~USD80m) final close for its fourth fund. The vehicle is sector agnostic and will target investments in startups in Prague, Warsaw and the wider CEE region. Read more here and here… Read More
Mid Europa Partners has agreed to acquire Lithuania-based e-commerce platform UAB Pigu (Pigu) from MCI.Techventures and minority shareholders for an undisclosed amount. Mid Europa has also agreed with MCI.Euroventures and the founding shareholders of Pigu and Finland-based e-commerce platform Hobby Hall Group OÜ (HHG) to combine Pigu and… Read More
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 markets—ballooned to USD7.8b in 2020, with public markets accounting for USD5b of the total. E-commerce companies represented the two largest… Read More
Data Insights The 2021 Data Insights feature data and analysis on private capital activity in China, India, Southeast Asia, Africa and Central & Eastern Europe (CEE) through year-end 2020. This year, members also have access to LAVCA’s 2021 Industry Data & Analysis on private capital activity in Latin America, as… Read More
Finch Capital, through Nomu Pay, has agreed to acquire Wirecard Turkey, a subsidiary of Wirecard, for an undisclosed amount. The acquisition is subject to regulatory approval. Read more… Read More
Sequoia Capital and existing investor Tiger Global Management led a USD300m Series C for Turkey-based grocery delivery platform Getir at a reported USD2.6b valuation. Crankstart Investments and Base Partners led the company’s USD128m Series B in January 2021. Read more… Read More
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