Investment activity of ESTVCA members surged 385% in 2016

07 July 2017

ESTVCA has published Estonian Private Equity & Venture Capital Review 2016.

2016 market highlights:

  • Market welcomes new player - Karma Ventures with its €40m early stage fund
  • Government signs €100m fund of funds called EstFund
  • Government approves the proposals of ESTVCA to ease the taxation on employee stock options
  • ESTVCA hosts high-level Baltic VC Summit with more than 200 participants in Pärnu
  • Baltic Venture Capital Market unites under single flag - ESTVCA, LVCA and LT VCA sign the agreement to establish Pan-Baltic VCA
  • Reorganisation of SmartCap
  • In co-operation with ESTVCA, government designs new Limited Partnership fund regime which was enacted with the New Investment Fund Act in December

2016 in numbers:

  • Investment activity surged 385% to %74m
  • 35 investments of which 16 were new and 19 follow-on
  • €49m was invested to companies registered in Estonia
  • PE/VC AUM reached €636m
  • 93 active portfolio companies
  • 12 383 employees in portfolio companies
  • combined turnover €1,3bn

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Photo by Tasi Zoltán on Unsplash

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