Investment activity of ESTVCA members surged 385% in 2016
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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