Supercharging the CEE Startup Ecosystem: What does 2023 have in store?
Summary
Encompassing Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovenia, Slovakia, Czech Republic, it is a region boasting several startup success stories. It’s a region that has well-consolidated infrastructure, benefits from a highly-developed tech talent pool, there is a well-renowned quality of life, and, with high levels of English and favourable conditions for foreign investors, it’s an attractive place for VC firms and entrepreneurs alike to set up roots. So far, it has invested into 60+ early-stage tech startups (the majority of them being platforms or SaaS), including Docplanner, Brainly, Tier Mobility, Packhelp and Genial.ly We sat down with Michał Mroczkowski, Principal at Market One Capital to see what we can expect to come for the year ahead. Public markets slash valuations preparing for recession that might burst for good in 2023 as we don’t see yet effects of an inflationary environment or next wave of limited bandwidth of supply chains. CEE is continuously growing faster than Western Europe (Real GDP) and is catching up with penetration of digital infrastructure within local economies.