Includes SEE-born (relocated) and SEE-based startups.
The study includes the following countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, Montenegro, Kosovo, North Macedonia, Romania, Serbia, Slovenia.
Startups in Southeast Europe (SEE) had a combined enterprise value of **** billion euros in the first half of 2022. Over the observed period, the highest annual enterprise value of startups in the region was recorded in 2021 at over ** billion euros.
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Bulgarian Private Equity and Venture Capital Association. (November 8, 2022). Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 1st half 2022 (in billion euros) [Graph]. In ÀÖ²¥´«Ã½app×îа汾. Retrieved August 14, 2026, from /statistics/1404408/see-startup-enterprise-value/
Bulgarian Private Equity and Venture Capital Association. "Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 1st half 2022 (in billion euros)." Chart. November 8, 2022. ÀÖ²¥´«Ã½app×îа汾. Accessed August 14, 2026. /statistics/1404408/see-startup-enterprise-value/
Bulgarian Private Equity and Venture Capital Association. (2022). Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 1st half 2022 (in billion euros). ÀÖ²¥´«Ã½app×îа汾. ÀÖ²¥´«Ã½app×îа汾 Inc.. Accessed: August 14, 2026. /statistics/1404408/see-startup-enterprise-value/
Bulgarian Private Equity and Venture Capital Association. "Total Enterprise Value of Startups in Southeast Europe (See) from 2017 to 1st Half 2022 (in Billion Euros)." ÀÖ²¥´«Ã½app×îа汾, ÀÖ²¥´«Ã½app×îа汾 Inc., 8 Nov 2022, /statistics/1404408/see-startup-enterprise-value/
Bulgarian Private Equity and Venture Capital Association, Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 1st half 2022 (in billion euros) ÀÖ²¥´«Ã½app×îа汾, /statistics/1404408/see-startup-enterprise-value/ (last visited August 14, 2026)
Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 1st half 2022 (in billion euros) [Graph], Bulgarian Private Equity and Venture Capital Association, November 8, 2022. [Online]. Available: /statistics/1404408/see-startup-enterprise-value/
