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We can celebrate startup culture, rate and award the most promising ideas, businessess and teams, but which startups make it to the next level: the growth phase? Thanks to Deloitte Fast Growing 500 EMEA ranking, released last week, we know.
Before I dig into the data, here are some interesting facts:
And now more about CEE region.
Poland leads with 15 entries, followed by Czech Republic (8), Romania and Russia (each 4 entries).
While none of the eastern European companies made it to top 10, the closest runner up ER-Telecom fromRussia at number 11, provides broadband, cable and online TV services acros sRussia. The company has 3.5 million subscribers across 42 cities. It started off in 2001, and got a first push at Venture Fair 2003 in Perm (I attended but was too busy looking at military technologies as VCs were investing in Homeland Security startups then). At this provincial venture fair the company raised first investment to build cable and internet network for 200 000 homes inPerm. Now it occupies 20 per cent of the market segment in Russia.
Romanian Vola.ro Student Adventure SRL (rank 13) offers low cost travel deals. The flights can be booked for travelers outside of Romania too, but I am not sure the price will be as attractive as elsewhere (I checked a sample trip from Germany to Finland, but the price was about 80 per cent higher than what I got when booking from a German online shop). Provided that not everyone in Romania can pay for their trip online, the company offers offline payment mechanism. It was founded in 2000.
Czech LiveSport (information, entertainment and betting for sports fans) is on the position 17, and Internet Shop s.r.o. (rank 24) sells perfume and makeup online in Czech Republic.
Below is the list of eastern European companies which made it to the top 500. The full list of companies can be found on Deloitte website.
And if you must know, the fastest growing company in EMEA is Turkish Logic Bilişim, which grew at almost 29 000 per cent this year, offers bread-and-butter telephony services.
11 ER-Telecom Russia
13 Vola.ro Student Adventure SRL Romania
17 LiveSport s.r.o. Czech Republic
24 Internet Shop s.r.o. Czech Republic
26 Netmedia S.A. Poland
41 Inwestycje.pl S.A. Poland
64 Teamnet International S.A. Romania
67 Datera S.A. Poland
84 Kompan.pl Sp. z o.o. Poland
89 Technitel Polska SJ Poland
95 Ideo Sp. z o.o. Poland
102 Kentico software s.r.o. Czech Republic
134 GEM System a.s. Czech Republic
156 Sygic a.s. Slovak Republic
161 Martinus.sk, s.r.o. Slovak Republic
165 Euro-Tax.pl Sp. z o.o. Poland
183 Sunrise System Sp. z o.o. Poland
185 Kaspersky Labs Russia
211 Active Vision Kft. Hungary
219 Hawe S.A. Poland
249 Future Processing Sp. z o.o. Poland
268 Rosservice Russia
290 Synergium UAB Lithuania
315 Viala Kft. Hungary
333 Crys Computers SRL Romania
334 Sare S.A. Poland
340 ZOOM International s.r.o. Czech Republic
357 Investor.BG AD Bulgaria
358 INSIA a.s. Czech Republic
387 E-Card Ltd. Bulgaria
454 Telerik Corp. Bulgaria
456 Grupa Integer.pl Poland
465 Partners In Progress Sp. z o.o. Poland
486 Nowoczesna Firma S.A. Poland
489 eo Networks S.A. Poland
490 Mainstream Technologies, s.r.o. Czech Republic
492 Logio s.r.o. Czech Republic
493 Center of Financial Technologies (CFT) Russia
497 Fortech SRL Romania
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vita at goaleurope dot com