Search for...

10 Non-CEE Funds with a Track Record of Investing in CEE Founders

10 Non-CEE Funds with a Track Record of Investing in CEE Founders, TheRecursive.com
Image credit: NYSE
~

The venture capital landscape in Central and Eastern Europe is gaining momentum, drawing increasing interest from global investors. The region’s expanding ecosystem of innovative startups has prompted non-CEE funds to invest in local entrepreneurs, recognizing substantial opportunities for growth and industry disruption. Across sectors such as fintech, health tech, deep tech, and e-commerce, international investors are contributing with essential funding and also engage their networks to support CEE founders in scaling their businesses. 

This listicle highlights some of the leading non-CEE venture capital firms actively investing in CEE founders, outlining their notable investments. More details and information about investors and funding rounds can be found in our State of AI in CEE 2024 report. 

Are we missing anyone from the list? Reach out to us at [email protected]

1. Creandum

Last announced fund value: €500M

Original country/GP location: Sweden

Ticket size: up to €10M+

Key investments: SEON, Sharp3D, Craft Docs (Hungary), Better Stack (Czechia), Alokai (Poland)

2. Endeavor Catalyst

Last announced fund value: €270M

Original country/GP location: US 

Ticket size: €5M+ (Endeavor Entrepreneurs Only)

Key investments: Druid AI, FintechOS (Romania), Payhawk, Alcatraz AI (Bugaria), Blueground, Hack the Box, TileDB, Spotawheel (Greece)

 

3. EBRD VC

Last announced fund value: €250M

Original country/GP location: UK

Ticket size: €2M to €25M

Key investments: Druid AI, FintechOS (Romania), Payhawk, Alcatraz AI (Bugaria), Blueground, Hack the Box, TileDB, Spotawheel (Greece)

 

4. Bek Ventures

Last Announced Fund Value: €236M

Original country/GP location: Turkey

Ticket Size: €2M to €5M  

Key Investments: UiPath, FintechOS (Romania), Payhawk (Bulgaria), Orgnostic, Anari AI(Serbia), Photoneo (Slovakia), Alokai (Poland)

 

5. Point Nine

Last Announced Fund Value: €180M

Original Country/GP location: Germany

Ticket Size: €500k to €5M  

Key Investments: Creatopy (Romania), CloudTalk (Slovakia), DocPlanner, merXu (Poland)

 

6. Seedcamp

Last Announced Fund Value: €166

Original Country/GP location: UK

Ticket Size: €300k to €1M

Read more:  From Metaverse Ecom to Dapps, What to Expect at Tech of Tomorrow

Key Investments: Kubeark, UiPath, Cyscale, Machinations (Romania), Rossum, Resistant AI (Czechia)

 

7. OpenOcean VC

Last Announced Fund Value: €92M

Original Country/GP location: UK/Finland

Ticket Size: €6M

Key Investments: Authologic, Booksy (Poland), Bitrise (Hungary), Lattice Flow (Bulgaria)

 

8. e2vc

Last Announced Fund Value: €70M

Original Country/GP location: Turkey

Ticket Size: €250k to €2M

Key Investments: Daytona, Pythagora (Croatia), Kubeark, Plant an App (Romania), Axoflow (Hungary), Plum (Greece)

 

9. Elevator Ventures

Last Announced Fund Value: €70M

Original Country/GP location: Austria

Ticket Size: €1M to €3M

Key Investments: CloudCart (Bulgaria), Finqware (Romania), Autenti (Poland), Twisto (Czechia)

 

10. Sunfish Partners

Last Announced Fund Value: €15M

Original Country/GP location: Germany/Poland

Ticket Size: €250k to €500k

Key Investments: Zaitra (Czechia), Alphamoon, Pergamin, Liftero, Aether Biomedical, CliniNote(Poland)

If you’ve reached the end of our article, don’t forget to download our State of AI in CEE 2024 report and get the freshest insights.

10 Non-CEE Funds with a Track Record of Investing in CEE Founders, TheRecursive.com

 

Help us grow the emerging innovation hubs in Central and Eastern Europe

Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.

Find out more about how your donation could help us shape the story of the CEE entrepreneurial ecosystem!

One-time donation

You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍

https://therecursive.com/author/elenaghinita/

Elena is a Startup Community Editor at The Recursive. In other words, she keeps close to the startup ecosystem in CEE and makes their stories heard. She creates educational and informational content about innovation, funding and startup growth.