Private equity and venture capital funds in Estonia, Latvia and Lithuania raised €750 million in 2025, a 126% increase compared with the previous year, according to an analysis prepared by KPMG. By the end of 2025, Baltic private equity and venture capital funds had €1.4 billion available for new investments.
The analysis, which covers the Baltic region, highlights a significant rebound in fundraising activity. The €750 million raised in 2025 marks a sharp contrast to the previous year, reflecting growing investor confidence in the region's startup and growth-stage companies.
KPMG's report notes that the funds are targeting a range of sectors, including technology, fintech, and green energy. The €1.4 billion in dry powder is expected to support both early-stage ventures and later-stage expansion deals across the three Baltic countries.
The increase in fundraising comes amid broader European trends of rising private capital allocations, but the Baltic region's growth rate outpaces many larger markets. The analysis did not specify the exact number of funds that raised capital in 2025.
