CEE is one of the fastest growing regions for VC funding in Europe, growing 7.6x since 2017. Combined enterprise value of CEE startups has quadrupled in the last five years, now totally €190B, after global highs in 2021. And while average funding per startup is decreasing globally, it’s increasing in CEE.
Among CEE countries, Croatia , Lithuania and Ukraine have grown fastest since 2017 in combined enterprise value. Since 2017, Croatia grew by 16.6x to €10B, Lithuania 15.7x to €4.7B, and Ukraine 9.3x to €23.3B.