Report: €900M of funding was invested in CEE startups in 2Q 2021

Vestbee, the biggest matchmaking platform for startups, VC funds, accelerators, and corporates in Central & Eastern Europe, recently published its VC Funding In CEE Report- 2Q 2021. According to the report, there are over 190 disclosed investments in the CEE region in the 2nd quarter for over €900M in total funding.

VC Funding In CEE Report offers a detailed overview of the CEE startup funding rounds and VC transactions, including month-by-month investment comparison, funding level, and exposure of the most impressive funding rounds. The report provides also a list of TOP 50 startups from the CEE region.

Findings

According to the Vestbee report, the most appreciated industries in 2Q 2021 include:

• Ecommerce
• Fintech
• Analytics
• Cyber Security
• Automotive
• AI & Big Data
• Media

Poland and Estonia appear as the most active countries, securing 118 and 21 rounds respectively. Among startups that received the largest fundings worth mentioning are:

• Vinted (Series F – €250M)
• Rohlik (Series C – €100M) achieved a unicorn status
• Uncapped (Series B – €66M)
• Productboard (Series C – €60.5M)
• Veriff (Series B – €58M).

The most active investors in CEE highlighted in the report are:

• Fil Rouge Capital
• Smok Ventures
• Next Road Ventures
• Knowledge Hub
• Accel
• Early Game Ventures
• Lighthouse Ventures

The next publication of the CEE Startups Funding Report – overview of VC investments in 3Q 2021 in Central & Eastern Europe will be published in October with a detailed overview of the CEE startup & VC Ecosystem.