Baltic Private Equity and Venture Capital Market Overview

Baltic Private Equity
and Venture Capital
Market Overview 2025

May 2026

Access the report

Download the
2025 Report

Share your details to receive instant access to the full Baltic PE/VC Market Overview 2025.

This field is required
Please enter a valid email
This field is required
This field is required
Please accept the terms to access the report
In partnership
with
EstVCA — Estonian Private Equity and Venture Capital Association LVCA — Latvian Private Equity and Venture Capital Association LTVCA — Lithuanian Private Equity and Venture Capital Association KPMG Baltics
€4.6B
raised since 2010
€480M
invested in 2025
€1.4B
dry powder as at end of 2025
€671M
expected future investments into the Baltics

About

The Report

The KPMG Baltics Deals team and the Baltic VCAs are pleased to present the Baltic Private Equity and Venture Capital Market Overview 2025. Now in its seventh year, and the fourth in collaboration with KPMG Baltics, this report continues to track key developments across the region’s PE/VC landscape.

2025 marked a strong rebound in fundraising, with Baltic fund managers raising €749 million — more than double the 2024 total. Cumulative capital raised since 2010 surpassed €4.6 billion, and the active fund count reached a new high of 116.

Contact

Estonian Private Equity and Venture Capital Association

info@estvca.ee www.estvca.ee

Latvian Private Equity and Venture Capital Association

info@lvca.lv www.lvca.lv

Lithuanian Private Equity and Venture Capital Association

info@vca.lt www.vca.lt

Privacy Notice

By submitting this form, you provide your name, company, position and email address to enable access to the Baltic PE/VC Market Report and to help us understand its audience.

We process your personal data on the basis of EstVCA’s legitimate interest in distributing its publications and improving their relevance and quality. Such processing is limited to what is strictly necessary and does not unduly affect your rights. We may share your data with affiliated entities and service providers acting on EstVCA’s behalf. Your data will be retained for up to 1 year.

You have the right to access, rectify, or erase your personal data, restrict processing, and object at any time. You also have the right to lodge a complaint with the Andmekaitse Inspektsioon. Providing your data is voluntary.

Controller: Eesti Era- ja Riskikapitali Assotsiatsioon (EstVCA) — info@estvca.ee

With support of
Ekonomikas ministrija Investment and Development Agency of Latvia