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.
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Enterprise value of startups in SEE 2017-2022, by country
Startups in Romania had the total enterprise value of over ** euros in 2022, nearly times more than in 2017. Furthermore, Romania had the highest enterprise value in Southeast Europe (SEE), followed by Greece and Bulgaria. The total combined enterprise value of startups in the SEE region reached nearly euros in 2022.
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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 2022, by country (in billion euros) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 24, 2026, from /statistics/1404401/see-startup-enterprise-value-by-country/
Bulgarian Private Equity and Venture Capital Association. "Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 2022, by country (in billion euros)." Chart. November 8, 2022. ÌÇÐÄÆƽâ°æ. Accessed July 24, 2026. /statistics/1404401/see-startup-enterprise-value-by-country/
Bulgarian Private Equity and Venture Capital Association. (2022). Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 2022, by country (in billion euros). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 24, 2026. /statistics/1404401/see-startup-enterprise-value-by-country/
Bulgarian Private Equity and Venture Capital Association. "Total Enterprise Value of Startups in Southeast Europe (See) from 2017 to 2022, by Country (in Billion Euros)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 8 Nov 2022, /statistics/1404401/see-startup-enterprise-value-by-country/
Bulgarian Private Equity and Venture Capital Association, Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 2022, by country (in billion euros) ÌÇÐÄÆƽâ°æ, /statistics/1404401/see-startup-enterprise-value-by-country/ (last visited July 24, 2026)
Total enterprise value of startups in Southeast Europe (SEE) from 2017 to 2022, by country (in billion euros) [Graph], Bulgarian Private Equity and Venture Capital Association, November 8, 2022. [Online]. Available: /statistics/1404401/see-startup-enterprise-value-by-country/
