πŸŽ‰ M&A multiples are live!
Check it out!

Tech Unicorns of CEE - September 2025

Last updated on 26 September 2025
Tech Unicorns of CEE - September 2025

CEE unicorns update - as 26th September 2025, there are at least 44 tech unicorns in Central and Eastern Europe

➑️ 52% of CEE unicorns remain private, yet to realize an exit

➑️ 30% were acquired, 18% chose the IPO route and went public

➑️ Most unicorns were born in πŸ‡ͺπŸ‡ͺ Estonia (23%) and πŸ‡΅πŸ‡± Poland (20%)

➑️ 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

➑️ Ride-sharing platform Bolt is the highest-valued privately owned unicorn, followed by JetBrains, ElevenLabs, and Vinted

➑️ AI voice startup ElevenLabs is definitely the πŸ”₯ 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.