Baltic Private Equity and Venture Capital Market Overview 2024: Navigating a Transformative Year

The 2024 Baltic Private Equity and Venture Capital Market Overview, collaboratively developed by the Estonian, Latvian, and Lithuanian Private Equity and Venture Capital Associations alongside KPMG Baltics, offers a comprehensive analysis of the region's investment landscape.

Key Highlights:

• Capital Raised: Since 2010, Baltic fund managers have raised a cumulative €3.77B, with €265M raised in 2024 alone. Notably, 70% of this year's capital originated from outside the Baltics, and 54% from non-EU countries, primarily North America.

• Dry Powder: As of the end of 2024, there is €1.08B in unallocated capital, with early-stage VC funds holding the majority, indicating sustained investor interest in nascent ventures.

• Investment Activity: There were 233 deals involving Baltic companies, with €151M invested locally. Early-stage VC investments constituted over 35% of the total, while growth-stage investments saw a 15% year-over-year increase.

• Outbound Investments: Baltic fund managers invested €173M outside the region, showcasing a growing global footprint.

• Exit Activity: While overall exit activity remained subdued, trade sales experienced a rebound. However, there were no secondary PE exits for the first time since 2017.

Outlook:

Despite challenges, the Baltic PE/VC sector exhibits resilience and adaptability. The influx of international capital, coupled with a focus on early-stage investments, positions the region for sustained growth.

For a detailed analysis, access the full report: https://estvca.ee/news/baltic-private-equity-and-venture-capital-market-overview-2024