The latest report highlights a significant increase in venture funding in Central and Eastern Europe, with investments reaching €940 million across over 150 rounds, despite ongoing challenges and persisting market uncertainties.
While the total funding value saw a substantial rise from €560 million in Q2 2023 to €940 million in Q2 2024, the number of funding rounds decreased by 35%, from over 250 in Q2 2023 to over 150 rounds this quarter.
"This dichotomy signals the CEE ecosystem’s continued reliance on fewer, larger deals, which accounted for nearly 70% of the raised capital," according to Vestbee, which authored the report.
The countries with the highest number of funding rounds were Estonia (31 rounds), Poland (30), and Czechia (18). These countries also dominated in terms of total funding amounts, securing nearly 60% of the total funding for the quarter.
The full report can be found here.
