#8 CEE Venture Rounds Review Jan’21
as the saying goes - better late, than never! Here goes my monthly update on the CEE VC activity.
This time, I will only post a short update on Linkedin + a longer one in my email newsletter. 📣 If you would like to be included in the newsletter, please leave a comment.
1. Big month for Revo Capital (congrats guys!) as Getir scored a mega-round from Tiger Global Management. Same for Stanislav Sirakov and the team LAUNCHub Ventures with a $30M for GTMhub.
2. In January we have seen more growth rounds than usual. Many Series As, Bs and Cs.
3. I saw more Polish funds invest in the region. Congrats to Movens Capital (Artur Banach), Corvus Ventures (Maciej Kowalczyk), SMOK Ventures (🌈 Borys Musielak).
So how is it going? Here is a snippet of the key data points for January 2021:
📣 31 rounds announced
💰 ~ €175M raised (all rounds converted into EUR)
🚀 We have seen one mega-round. Getir raised €100M. GTMhub raised $30M, which is also significant.
🌍 CRV, Singular, Insight Partners, Finch Capital, Atlantic Labs were just a few of the international VCs active this month in the region.
🇹🇷 Turkey was the most active country!