In Q3 2023, the Central and Eastern European investment landscape remained stable, with 255 investment rounds totaling €560 million, mirroring Q2's figures. This steadiness suggests a pause in the downward financing trend but remains below the high levels of early 2022. The role of public funds is crucial, yet many programs are ending, and new ones are pending, potentially making Q4 challenging for startups. Notably, the Smart Growth Operational Programme will conclude its investment period by year-end, transitioning to the FENG program. The region awaits renewed investor excitement and opportunities in the upcoming quarters.

Number of funding rounds: 255 (170 fully disclosed in terms of amount, month, investors, and company details) 

Total value of funding closed  in CEE: over €560M*Countries with the highest number of funding rounds: Poland - 95 rounds, Estonia - 35, Czechia - 24 rounds

The most popular industries: Energy, AI, Fintech, Cyber-security, SaaS, Analytics, Biotech.

*59 rounds undisclosed in terms of transaction value

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CEE VC funding report q3 2023

4 Dec 2023

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