Monday, September 3, 2012

CEE venture capital 'strong and resilient' in 2011 | Cleantech Poland

The European Venture Capital Association reported this week that CEE private equity remained ?strong and resilient? through 2011.

According to spokesperson Anna Mierzejewska, private equity and venture capital in new funds amounted to ?941 million in 2011, an increase of 48% from 2010 and 135% from 2009.

Poland accounted for the largest share of equity investment, nearly 55% of the total CEE investment volume.

A total of ?1.24 billion was invested in 195 companies in the CEE region in 2011, a 17% increase in the number of recipients compared to 2010.

Divestment activity ? the volume of exits made by investors ? rose to nearly ?1.83 billion, the highest total ever.

Interestingly, half of all investments were made into companies in the ?start up stage,? known as angel funding or early stage venture capital.

This increase in startup funding of nearly 85% from 2010 suggests startups are having an easier time finding financing than in any year since the financial crisis.

According to D?rte H?ppner, EVCA?s secretary-general, ?Private equity and venture capital can be a major provider of finance, driving Europe?s economic recovery. CEE positive dynamics in 2011 demonstrates this much.?

Consumer goods and retail posted the highest sector volume, while energy & environment fell from 7% to 4% over the last year.

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