-- From Budapest to Istanbul, from Tallinn to Zagreb, founders from Emerging Europe are quietly rewriting the global startup map. While most emerging markets produce local or regional champions, this region builds companies that go global from day one. In the past nine years, e2vc has backed four unicorns and its portfolio companies have attracted more than $3 billion in follow on capital. Despite political and economic turbulence, the region’s startup ecosystem continues to strengthen, turning volatility into momentum.
Today, e2vc’s portfolio spans 60 companies, primarily across AI, developer tools, and mobile gaming. Together, these companies employ more than 4,000 people and generate over $1 billion in annual revenue. The firm’s investments include global success stories such as Insider, Carbon Health, and Fal AI, each scaling internationally while keeping their technical roots in the region.
Because Emerging Europe’s success stories are global rather than local, their upside potential is significantly higher. Unlike other emerging markets that produce regional champions, the most ambitious founders from Emerging Europe target U.S. IPOs and global category leadership from the start.
“What makes Emerging Europe unique,” says Enis Hulli, General Partner of e2vc, “is that our founders keep their technical roots in the region, but everything else, from customers and revenue to fundraising and exits, is global. They build with local talent and global ambition.”
e2vc anchors its talent strategy on two pillars. The first is the deep technical talent pool spread across Central & Eastern Europe, the Baltics, and Turkey, a region that produces some of the world’s top-ranked developers. The second is mobile gaming, where Turkey has emerged as a global hub. Around 20% of e2vc’s capital is invested in gaming studios, leveraging the country’s creative and data driven talent base.
As e2vc enters its next chapter, the firm aims to back the next generation of global founders from Emerging Europe, building the future from a region that has proven impossible to break. “We’ve seen founders turn every crisis into an opportunity,” Hulli adds. “That’s the spirit of Emerging Europe, and that’s why we believe the next decade will belong to its entrepreneurs.”
For more visit Enis Hulli LinkedIn Profile and e2vc website.
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Name: Gianmarco
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Organization: Xraised
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