Polish Ecosystem Report 2025

This report, in partnership with Polski Fundusz Rozwoju S.A. (PFR), explores how Poland is reinforcing its position as the powerhouse of CEE.

Key findings

• Poland's tech ecosystem is worth €56.5B in 2025, but only 37% of that value sits in VC-backed startups, against at least 78% in the UK, Germany and France.
• Poland leads central and eastern Europe with 15 unicorns and $1B+ exits, ahead of Estonia's 12, but ranks 4th in the region per 100 funded startups.
• Polish startups are expected to raise €347M of VC in 2025, the first year above €300M since 2022 and the seventh straight year above €250M.
• Poland leads the selected European countries at 19.8x enterprise value per euro of VC raised since 2019, but ranks 9th of 10 on VC as a share of GDP.
• Polish deep tech and life sciences startups are now worth €6B, 15 times their €398M value in 2015.