Insight
State of the Startups and VC Ecosystem in CEE
In partnership with Eleven Ventures
An in-depth analysis of the Central and Eastern European startup and venture capital landscape - a region that has emerged as a powerful hub of innovation over the last decade.
Research Note
JEME Capital Research
- Date
- May 1, 2025
- Coverage
- Ecosystem Report
- Sector
- Central & Eastern Europe
About
About This Report
We are proud to present our latest research, developed in collaboration with Eleven Ventures, one of Bulgaria's leading venture capital firms. The report provides an in-depth analysis of the startup and venture capital ecosystem in Central and Eastern Europe (CEE) - a region that has emerged as a powerful hub of innovation over the last decade.
Drawing on comprehensive data and Eleven's strategic insights, the report highlights how CEE has become a rising pole of innovation, home to over 26,000 startups, 52 unicorns, and EUR 213 billion in enterprise value, with deep-dives into key city ecosystems and recent VC case studies.
Highlights
Key Highlights
01
Rising Innovation Hub
CEE is home to 26,000+ startups, 52 unicorns, and EUR 213B in enterprise value - one of Europe's fastest-growing tech frontiers.
02
Capital Shaping Growth
Public and private capital are actively driving startup trajectories across the region, with AI and Climate Tech leading global investor attention.
03
Emerging City Ecosystems
Warsaw, Tallinn, and Sofia are transforming into major entrepreneurial hubs, backed by maturing local ecosystems and increasing cross-border deal activity.
Snapshot
Ecosystem Snapshot
26,000+
Active Startups
52
Unicorns
EUR 213B
Enterprise Value
7
VC Case Studies
Download the Full Report
Access the complete research - including ecosystem data, sector analysis, city deep-dives into Poland and the Czech Republic, and seven landmark VC case studies from across Central and Eastern Europe.
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