The Baltic Private Equity and Venture Capital Report 2023 has now been launched

For the 5th year in a row, the Baltic VCAs and KPMG Baltics have prepared a thorough report on the Baltic PE/VC Market. This year’s report marks the achievement of an important milestone as the total number of active funds reported surpasses 100 for the first time in the reports' history.

Even though on a global scale 2023 will be remembered as a challenging year for the PE/VC space, the Baltic region showed strong resilience. Total cumulative capital raised by Baltic fund managers exceeded the €3 billion mark reaching a total of €3.4 billion, with close to €800m raised in 2023 alone. It was another strong year for VC fundraising as Baltic fund managers raised €542 million. By the end of 2023, the amount of dry powder still to be invested by Baltic PE/VC funds was close to €1.6 billion.

Baltic PE/VC Market Highlights
>> 3.4B EUR raised since 2010
>> 778M EUR raised in 2023
>> 1.6B EUR dry powder as of the end of 2023
>> 297 Deals involving Baltic companies in 2023
>> 239M EUR amount invested into Baltic companies in 2023
>> 147 investments outside of the Baltics in 2023
>> 95M EUR outbound investments in 2023
>> 101 active funds as of the end of 2023

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