Analysis

July 9, 2024

Central eastern Europe’s most active early-stage VCs

Bulgaria is home to the most active VCs in the region


Zosia Wanat

5 min read

Andrius Milinavičius, Sandra Golbreich, Erik Bhullar, partners at Baltic Sandbox Ventures. Picture taken by Nadia Romanova

In central eastern Europe’s young startup ecosystem, early-stage investments make up the vast majority of VC transactions. In 2023, 92% of the 818 deals closed in the region were at pre-seed (611) or seed (144), according to data platform Dealroom.

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Zosia Wanat

Zosia Wanat was a senior reporter at Sifted. She covered the CEE region and policy. Follow her on X and LinkedIn

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