# Enterprise Software investors in Central and Eastern Europe (2026 list)

> 20 enterprise Software investors in Central and Eastern Europe, 70% active in the last 12 months. Led by Index Ventures, FJ Labs, Balderton Capital.

Source: https://millionrounds.com/lists/enterprise-software-investors-in-cee (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Enterprise Software investors in Central and Eastern Europe

Updated 7 November 2026

Firms observed backing an enterprise Software company in Central and Eastern Europe in the last two years, wherever the firm is based.

[See all 20 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fenterprise-software-investors-in-cee)The top 20

**20** investors on the list No change this week

**418** cheques in 12 months *-9%* against the market

**$30M** median round they joined *+270%* against the market median

**70%** wrote a cheque in 12 months

**50%** have led a round

## The Top 20

Ordered by cheques observed, never by anything anyone paid for

Deploying now (14)

- 1 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen
- 2 [FJ Labs](https://millionrounds.com/fund/fj-labs) *Deploying now* VC firm · United States **849** **$11M** median round **Oct 2026** last seen
- 3 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen
- 4 [Northzone](https://millionrounds.com/fund/northzone) *Deploying now* VC firm · United Kingdom **240** **$22M** median round **Oct 2026** last seen
- 5 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen
- 6 [Creandum](https://millionrounds.com/fund/creandum) *Deploying now* VC firm · Sweden **224** **$20M** median round **Oct 2026** last seen
- 7 [Atomico](https://millionrounds.com/fund/atomico) *Deploying now* VC firm · United Kingdom **215** **$30M** median round **Oct 2026** last seen
- 8 [Credo Ventures](https://millionrounds.com/fund/credo-ventures) *Deploying now* VC firm · Czechia **89** **$4M** median round **Nov 2026** last seen
- 9 [42CAP](https://millionrounds.com/fund/42cap) *Deploying now* VC firm · Germany **56** **$4.8M** median round **Oct 2026** last seen
- 10 [Lightrock](https://millionrounds.com/fund/lightrock) *Deploying now* VC firm · United Kingdom **55** **$53M** median round **Sept 2026** last seen
- 11 [Smok Ventures](https://millionrounds.com/fund/smok-vc) *Deploying now* VC firm · Poland **35** **$1.1M** median round **Jul 2026** last seen
- 12 [Dig Ventures](https://millionrounds.com/fund/dig-ventures) *Deploying now* VC firm · United Kingdom **29** **$7.5M** median round **Oct 2026** last seen
- 13 [Evantic Capital](https://millionrounds.com/fund/evantic-capital) *Deploying now* VC firm · United Kingdom **8** **$175M** median round **Oct 2026** last seen
- 14 [Cogito Capital Partners](https://millionrounds.com/fund/cogito-capital-partners) *Deploying now* VC firm · Poland **5** **$50M** median round **Apr 2026** last seen
- 15 [CEO of Datadog](https://millionrounds.com/fund/ceo-of-datadog) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 16 [CEO of Klarna](https://millionrounds.com/fund/ceo-of-klarna) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 17 [CEO of Supercell](https://millionrounds.com/fund/ceo-of-supercell) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 18 [CEO of Wix](https://millionrounds.com/fund/ceo-of-wix) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 19 [CEOs of Datadog, Klarna, Supercell, and Wix](https://millionrounds.com/fund/ceos-of-datadog-klarna-supercell-and-wix) quiet VC firm **1** **$35M** median round **Oct 2025** last seen
- 20 [Fenton/Greer Family Trust](https://millionrounds.com/fund/fenton-greer-family-trust) quiet Growth equity **1** **$16M** median round **Oct 2025** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Phaze Inc.](https://millionrounds.com/company/phaze-inc)** Seed · $8.8M *With* [Index Ventures](https://millionrounds.com/fund/index-ventures)
- **3** Nov **[e2e](https://millionrounds.com/company/e2e)** Seed · $8M *With* [Credo Ventures](https://millionrounds.com/fund/credo-ventures)
- **30** Oct **[Ares Intelligence](https://millionrounds.com/company/ares-intelligence)** Seed · $3.2M *With* [Creandum](https://millionrounds.com/fund/creandum)
- **30** Oct **[Serval](https://millionrounds.com/company/serval)** Series C · $150M *With* [Evantic Capital](https://millionrounds.com/fund/evantic-capital)
- **28** Oct **[Casap](https://millionrounds.com/company/casap)** Series B · $56M *With* [Index Ventures](https://millionrounds.com/fund/index-ventures)
- **27** Oct **[Atlas Bio](https://millionrounds.com/company/atlas-bio)** Seed · $13M *Led by* [Creandum](https://millionrounds.com/fund/creandum)

## Stages This Year

385 rounds

- Series A **17%**
- Seed **16%**
- Venture **16%**
- Series B **13%**
- Series C **9%**
- Other **28%**

## What They Backed

Sectors, last 12 months

- AI **207**
- Fintech **40**
- Software **21**
- Cybersecurity **21**
- Financial Services **19**
- Healthcare **18**

## Cheques by Quarter

Led Joined

126 Q1 25

112 Q2 25

114 Q3 25

148 Q4 25

131 Q1 26

104 Q2 26

101 Q3 26

29 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in b2b software and saas

- Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible
- The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible
- Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible
- Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about enterprise Software investors in Central and Eastern Europe

### Who are the most active enterprise Software investors in Central and Eastern Europe?

By cheques observed, the most active are Index Ventures, FJ Labs, Balderton Capital, Northzone and Startup Wise Guys.

### How many enterprise Software investors in Central and Eastern Europe are there?

20 are on record. 70% made an investment in the last 12 months and 50% have led a round.

### Which stages do enterprise Software investors in Central and Eastern Europe back?

Of the rounds with a named stage in the last 12 months, mostly Series A (22%) and Seed (21%).

### How big are the rounds enterprise Software investors in Central and Eastern Europe join?

The typical (median) round among the leading investors here is $30M.

### Which sectors do enterprise Software investors in Central and Eastern Europe back most?

In the last 12 months, mostly AI, Fintech and Software.

### Which enterprise Software investors in Central and Eastern Europe lead the most rounds?

Index Ventures (62 led), Balderton Capital (22 led) and Atomico (19 led).

### Where are enterprise Software investors in Central and Eastern Europe based?

Among the most active, most are based in the United Kingdom (7), Poland (2) and the United States (1).

### What have enterprise Software investors in Central and Eastern Europe invested in recently?

Recent rounds include Phaze Inc. (Seed, Nov 2026, with Index Ventures), e2e (Seed, Nov 2026, with Credo Ventures) and Ares Intelligence (Seed, Oct 2026, with Creandum).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)