Tech Unicorns of CEE - September 2025
Last updated on 26 September 2025
CEE unicorns update - as 26th September 2025, there are at least 44 tech unicorns in Central and Eastern Europe
β‘οΈ 52% of CEE unicorns remain private, yet to realize an exit
β‘οΈ 30% were acquired, 18% chose the IPO route and went public
β‘οΈ Most unicorns were born in πͺπͺ Estonia (23%) and π΅π± Poland (20%)
β‘οΈ Wise, founded by Estonian founders, is the largest company originating from CEE, followed by the Polish e-commerce giant Allegro and the Czech antivirus maker Avast
β‘οΈ Ride-sharing platform Bolt is the highest-valued privately owned unicorn, followed by JetBrains, ElevenLabs, and Vinted
β‘οΈ AI voice startup ElevenLabs is definitely the π₯ hottest company in the ranking
Methodology: this ranking includes both exited and still private companies. Most valuations are last reported or recently rumoured. On ZIRP-era valuations: we exclude companies that latest reported valuation would be most likely enough to hit the list, but it is expected that the company is now valued significantly lower.
Company | HQ | Valuation ($ billions) | Revenue ($ billions) | Revenue multiple | Description | Ownership |
---|---|---|---|---|---|---|
Wise | :ee: | 14.8 | 1.9 | 7.8 | Neobank that enables international payments and currency exchange services, allowing users to send money globally at competitive exchange rates. Wise operates across multiple countries and provides multi-currency accounts for individuals and businesses seeking cost-effective cross-border financial transactions. | π Public |
Allegro | :pl: | 9.8 | 3.3 | 3.0 | Polish e-commerce marketplace operating primarily in Central and Eastern European markets, facilitating online retail transactions between sellers and buyers. The platform connects merchants with consumers across various product categories, offering integrated payment processing and logistics solutions for streamlined online commerce operations. | π Public |
Avast Software | :cz: | 8.6 | 0.9 | 9.1 | Cybersecurity company developing antivirus and internet security solutions for consumer and enterprise markets worldwide. Avast Software provides comprehensive digital protection services including malware detection, privacy tools, and network security features through both free and premium software offerings distributed globally. | π€ Acquired |
Skype | :ee: | 8.6 | 0.9 | 10.0 | VOIP service that revolutionized digital communication by enabling video calls, messaging, and voice communications over internet connections. Skype connects users worldwide through its telecommunications platform, supporting both personal and business communications with features including screen sharing and conference calling capabilities. | π€ Acquired |
Bolt | :ee: | 7.4 | 2.3 | 3.2 | On-demand transportation and delivery platform operating across European and African markets, connecting passengers with drivers through mobile applications. Bolt provides ride-hailing services alongside food delivery and micro-mobility solutions including electric scooters, competing directly with established mobility service providers in urban markets. | π Private |
CD Projekt | :pl: | 7.1 | 0.3 | 27.5 | Polish video game development studio renowned for creating narrative-driven role-playing games including The Witcher series and Cyberpunk 2077. CD Projekt operates both game development and digital distribution through GOG platform, focusing on PC gaming market with DRM-free game sales and immersive storytelling experiences. | π Public |
Jetbrains | :cz: | 7.0 | 0.4 | 17.5 | DevTools company creating integrated development environments and productivity software for programmers and development teams. JetBrains produces popular IDEs including IntelliJ IDEA, PyCharm, and WebStorm, serving software developers across various programming languages with intelligent coding assistance and project management features. | π Private |
ElevenLabs | :pl: | 6.6 | 0.2 | 33.0 | Voice AI company specializing in voice synthesis technology that generates realistic human speech from text input. ElevenLabs develops advanced text-to-speech solutions serving content creators, developers, and enterprises requiring high-quality voice generation for applications including audiobooks, podcasts, and interactive voice systems. | π Private |
UiPath | :ro: | 6.54 | 1.5 | 4.5 | Robotic process automation software provider enabling businesses to automate repetitive digital tasks through intelligent software robots. UiPath offers enterprise automation platform combining artificial intelligence with workflow automation, helping organizations streamline operations and reduce manual work across various business processes and departments. | π Public |
InPost | :pl: | 6.4 | 0.9 | 7.2 | European parcel delivery network operating automated parcel machines and courier services across Poland and neighboring countries. InPost provides last-mile delivery solutions through strategically placed locker systems, enabling convenient package pickup and drop-off services for e-commerce customers and retail businesses. | π Public |
Vinted | :lt: | 5.7 | 0.9 | 6.2 | Online marketplace for second-hand fashion and lifestyle products, connecting sellers with buyers across European markets through mobile and web platforms. Vinted facilitates peer-to-peer transactions for pre-owned clothing, accessories, and home goods, promoting sustainable consumption through its commission-free selling model and integrated shipping solutions. | π Private |
LogMeIn | :hu: | 4.3 | 1.3 | 3.3 | Remote access and connectivity software company providing secure solutions for remote computer control and IT support services. LogMeIn develops tools enabling users to access computers, files, and applications from remote locations, serving both individual consumers and enterprise customers requiring reliable remote connectivity solutions. | π€ Acquired |
NordVPN | :lt: | 3.0 | 0.4 | 8.0 | Virtual private network service provider offering encrypted internet connections and online privacy protection for consumers worldwide. NordVPN operates extensive server network across global locations, providing secure browsing, geo-restriction bypassing, and cybersecurity features through subscription-based privacy software for various devices and platforms. | π Private |
AliExchange | :ee: | 2.9 | Estonian operator of cryptocurrency exchange | π€ Acquired | ||
Rimac Automobil | :hr: | 2.2 | Croatian automotive technology company developing high-performance electric vehicles and advanced battery systems for luxury car market. Rimac Automobili creates cutting-edge electric supercars while supplying electric vehicle components and battery technology to major automotive manufacturers, positioning itself as innovation leader in electric mobility sector. | π Private | ||
Techland | :pl: | 2.2 | Polish video game developer creating action and survival games including Dying Light series and Dead Island franchise. Techland specializes in first-person perspective games featuring zombie themes and cooperative multiplayer gameplay, serving global gaming audience through digital and retail distribution across multiple gaming platforms. | π€ Acquired | ||
Baltic Classifieds Group | :lt: | 2.1 | 0.1 | 23.6 | Digital classifieds company operating online marketplaces for real estate, automotive, and general classified listings across Baltic region. BCG manages leading classified platforms in Estonia, Latvia, and Lithuania, connecting buyers and sellers through comprehensive online advertising solutions and marketplace services. | π Public |
Rohlik.cz | :cz: | 2.0 | 0.8 | 2.4 | Czech online grocery delivery service providing fresh food and household products directly to customers' homes through e-commerce platform and logistics network. Rohlik.cz operates dark stores and delivery fleet to ensure rapid fulfillment of grocery orders, serving urban markets with emphasis on product quality and delivery speed. | π Private |
ID.me | :ee: | 2.0 | 0.2 | 13.3 | Digital identity verification platform providing secure authentication services for government agencies, healthcare providers, and financial institutions. ID.me offers identity proofing solutions combining biometric verification with document authentication, enabling secure access to sensitive services while protecting against identity fraud and unauthorized access attempts. | π Private |
Productboard | :cz: | 1.7 | 0.0 | 77.7 | Product management software company creating collaboration tools for product development teams and stakeholders across various industries. Productboard provides roadmap planning, feature prioritization, and customer feedback management solutions, helping product managers make data-driven decisions and align development efforts with market demands and user requirements. | π Private |
eObuwie.pl | :pl: | 1.7 | 0.8 | 2.1 | Polish online footwear retailer specializing in shoes, bags, and accessories through e-commerce platform serving Central European markets. eObuwie.pl operates comprehensive online store with extensive product catalog from various brands, providing customers with convenient shopping experience and efficient delivery services for fashion footwear and accessories. | π€ Acquired |
Playtech | :ee: | 1.5 | 0.8 | 1.8 | Gaming technology company developing software platforms and services for online gambling, sports betting, and casino operators worldwide. Playtech creates comprehensive gaming solutions including slot games, live casino platforms, and sports betting technology, serving regulated gambling markets through business-to-business software licensing and platform services. | π Public |
Veriff | :ee: | 1.5 | Identity verification company providing automated identity authentication services for businesses requiring customer onboarding and compliance solutions. Veriff offers real-time identity verification combining artificial intelligence with human oversight, helping companies prevent fraud while meeting regulatory requirements across financial services, sharing economy, and e-commerce sectors. | π Private | ||
Pipedrive | :ee: | 1.5 | Customer relationship management software provider offering sales automation and pipeline management tools for businesses across various industries. Pipedrive creates user-friendly CRM solutions designed specifically for sales teams, featuring activity-based selling methodology, sales reporting, and integration capabilities with popular business applications and communication tools. | π€ Acquired | ||
AVG | :cz: | 1.3 | Cybersecurity company developing antivirus and internet security products for consumer and business markets globally. AVG provides comprehensive digital protection solutions including malware detection, email security, and privacy tools through both free and premium software offerings, serving millions of users seeking reliable cybersecurity protection. | π€ Acquired | ||
Grupa Pracuj | :pl: | 1.3 | 0.2 | 5.7 | Polish online recruitment platform connecting job seekers with employers across various industries and career levels throughout Central European markets. Grupa Pracuj operates comprehensive job search websites and recruitment services, providing career development resources, salary information, and employer branding solutions for efficient talent acquisition and job placement. | π Public |
airSlate | :ua: | 1.3 | 0.1 | 8.9 | Business process automation platform enabling organizations to digitize and streamline document workflows through cloud-based software solutions. airSlate provides no-code automation tools for creating, managing, and tracking business documents, helping companies reduce manual paperwork while improving compliance and operational efficiency across various departments and processes. | π Private |
inDrive | :ru: | 1.2 | Ride-hailing platform operating across emerging markets in Asia, Africa, and Latin America, connecting passengers with drivers through mobile application technology. inDrive features unique fare negotiation model allowing passengers and drivers to agree on trip prices, differentiating itself from traditional ride-sharing services through flexible pricing mechanisms. | π Private | ||
Easybrain | :by: | 1.2 | 0.3 | 3.9 | Mobile game development company creating puzzle and brain training games for smartphones and tablets across global markets. Easybrain develops popular mobile gaming titles including Sudoku and other logic-based games, focusing on engaging gameplay mechanics and user-friendly interfaces that appeal to casual gaming audiences worldwide. | π€ Acquired |
Gelato | :ee: | 1.1 | On-demand printing and fulfillment platform connecting creators and businesses with global network of production facilities for custom printed products. Gelato enables print-on-demand services for apparel, accessories, and promotional items, providing localized production and shipping solutions that reduce delivery times and environmental impact for e-commerce businesses. | π Private | ||
SiteGround | :bg: | 1.1 | Web hosting and cloud services provider offering shared hosting, WordPress hosting, and cloud infrastructure solutions for websites and online businesses. SiteGround provides managed hosting services with emphasis on performance, security, and customer support, serving small businesses, developers, and enterprises requiring reliable web hosting and domain management services. | π Private | ||
People.ai | :ua: | 1.1 | 0.1 | 17.5 | Sales intelligence and revenue operations platform utilizing artificial intelligence to analyze communication patterns and sales activities for improved business performance. People.ai provides data-driven insights for sales teams and revenue organizations, automatically capturing and analyzing sales interactions to optimize pipeline management and revenue generation strategies. | π Private |
SuperSport | :hr: | 1.1 | Sports broadcasting and media company operating television channels, streaming services, and digital platforms across South African and broader African markets. SuperSport provides comprehensive sports content including live events, analysis, and entertainment programming, serving as leading sports media brand in African television and digital media landscape. | π€ Acquired | ||
Mall.cz | :cz: | 1.0 | Czech e-commerce marketplace offering wide range of consumer products including electronics, fashion, home goods, and services across Central European markets. Mall.cz operates comprehensive online shopping platform with logistics infrastructure and payment solutions, connecting customers with retailers while providing convenient online shopping experience and reliable delivery services. | π€ Acquired | ||
DocPlanner | :pl: | 1.0 | Healthcare marketplace connecting patients with medical professionals through online booking and telemedicine services across European and Latin American markets. DocPlanner operates comprehensive healthcare marketplace enabling appointment scheduling, patient reviews, and practice management tools for healthcare providers while improving healthcare accessibility for patients. | π Private | ||
PayHawk | :bg: | 1.0 | 0.0 | 21.7 | Fintech company providing expense management and corporate card solutions for businesses seeking streamlined financial operations and spending control. PayHawk offers integrated platform combining corporate cards, expense tracking, and approval workflows, helping companies automate expense processes while maintaining financial visibility and compliance requirements. | π Private |
Infobip | :hr: | 1.0 | Cloud communications platform providing messaging, voice, and omnichannel customer engagement solutions for businesses worldwide. Infobip enables companies to communicate with customers through various channels including SMS, email, voice calls, and chatbots, offering reliable messaging infrastructure and customer communication tools for improved engagement and support. | π Private | ||
Printful | :lv: | 1.0 | 0.3 | 3.5 | Print-on-demand fulfillment company providing custom printing and shipping services for e-commerce businesses and individual creators worldwide. Printful integrates with online stores to automatically fulfill orders for custom apparel, accessories, and home decor items, handling production and shipping while enabling entrepreneurs to sell personalized products without inventory management. | π Private |
Gilia | :ee: | 1.0 | Fintech startup developing payment processing and digital banking solutions for emerging markets, focusing on accessible financial services for underserved populations. Gilia creates mobile-first financial products including digital wallets and payment systems, aiming to expand financial inclusion through innovative technology and user-centered design approaches. | π Private | ||
eMAG | :ro: | 1.0 | Romanian e-commerce marketplace operating across Central and Eastern European markets, offering wide selection of consumer electronics, appliances, fashion, and household products. eMAG provides comprehensive online shopping platform with logistics network and payment solutions, serving millions of customers through both online and physical retail presence. | π€ Acquired | ||
Unstoppable Domains | :ua: | 1.0 | Blockchain technology company providing decentralized domain name services and digital identity solutions for Web3 applications and cryptocurrency users. Unstoppable Domains enables users to register blockchain-based domain names that function as cryptocurrency addresses and website identifiers, supporting decentralized internet infrastructure and digital asset management. | π Private | ||
Outfit7 | :si: | 1.0 | Slovenian video game developer, best known as the creator of the Talking Tom & Friends app and media franchise. | π€ Acquired | ||
Grammarly | :ua: | not disclosed, but unicorn | 0.7 | Writing assistance software company developing AI-powered grammar checking, spell checking, and writing enhancement tools for individuals and businesses worldwide. Grammarly provides comprehensive writing support through browser extensions, desktop applications, and mobile apps, helping users improve their written communication across various platforms and professional contexts. | π Private | |
Booksy | :pl: | not disclosed, but unicorn | Appointment scheduling and business management platform serving beauty, wellness, and personal care service providers with booking and customer management solutions. Booksy connects service providers with customers through mobile application, enabling online appointment booking, payment processing, and business operations management for salons, spas, and independent service professionals. | π Private |