Baltic Private Equity and Venture Capital Report 2023

KPMG Baltics Deals team and the Baltic VCAs are honoured to present the Baltic Private Equity and Venture Capital Market Overview 2023. The report has been prepared for the fifth year running, previously with Deloitte and now for the second year with KPMG Baltics.  

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.