Top 20 investors in Central-Eastern Europe that took part in the most Seed funding rounds in Software industry over the recent years

Intro

The top 20 investors according to the total amount of funding rounds. These are VC funds and corporate investors in Central-Eastern Europe that have invested in Seed stage over the last 4 years. They are actively investing in Software industry.
Software develops, maintains, and publishes software used by people and companies. It includes internet and consumer software, operating systems, and desktop apps, as well as gamification, automation, and SaaS.

Amount of Seed funding rounds is 322, which is 76.8% of the total amount of rounds in the Software industry in Central-Eastern Europe over the last 4 years.

Top 20 investors in Central-Eastern Europe that took part in the most Seed funding rounds in Software industry over the recent years
data provided by Unicorn Nest

Key takeaways

• Funds Geography – The most common countries among top VCs are Poland and Estonia. They host 7 VCs each. There are also funds from Hungary and Ukraine. The most common city is Tallinn which is home to 6 funds. There are also funds from Budapest, Warsaw and Zagreb. VCs tend to invest in startups from Poland, but also invest in startups from Estonia, Hungary, and The United States. For the majority of the funds, the country of the funds’ establishment and the country of their most frequent investments coincide.
• Industry Focus – The funds’ most common field for investments is Finance. They also invest in Gamification, Business Development and Enterprise Software.
• Important Years – The oldest fund in the sample was founded in 1999 and the newest one in 2020. In 1999 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2013 to 2020. For some funds, 2020 was the year with the most amount of deals. 2020 was the peak for successful exits. 2019, 2017, and 2016 are the runner ups.
• Investments – Usually VCs take part in 2 funding rounds per year, sometimes in 2 – 6. The minimum number of funding rounds for VCs in the sample is 8, the maximum is 350. Average number of funding rounds is 48.4 while median is 16.5. The most common amount of funding rounds for VCs in the sample is 9. Minimum amount of lead investments for funds is 1 and maximum is 44. Average amount of lead investments is 6.8 while median is 3.5. The most common amount of lead investments is 1. Index of difference in percentage points of lead investments from the average is between -71.0 and 29.0 for funds in the sample. The average value for this difference is 1.13 and the median is 6.78. It means that these funds act as lead investors more often than other funds. The most common value is -4.33.
• Typical Rounds – VCs usually participate in rounds with 1 – 2 investors. Less often in rounds with 3 – 4 investors. The most common round size for VCs in the sample is less than 100 thousands. Less common range is 100 thousands – 1 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 4.97 at maximum. Average value for this multiplicator is 0.62 and median is close to zero. The most common multiplicator value is close to zero.