April 30, 2026
Central and Eastern European startups – 2025 in review
Keynote presented at Vestbee CEE VC Summit, Warsaw March 2026.
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Selected charts
Companion charts derived from this report — open any chart in full-screen on the right side.
CEE VC transformed: Hardware 7×, Marketplace collapsed
Sector mix of CEE VC funding from 2020 to 2025 — hardware grew 7×, while marketplace and consumer slumped.
7 new tech unicorns from CEE since 2025
The seven new CEE unicorns minted from 2025 onwards — five countries, five sectors. Headline tally from the 2025 in review.
Top rounds in CEE in 2025–2026 to date
Ukraine, Czechia and Austria led CEE fundraising — €2.2B across 20 mega-rounds. Treemap of the largest checks by company and country.