Central and Eastern Europe has gained 25 new digital champions in the last year, confirming the region's dynamic technological development. The valuation of the companies has also increased significantly, although it is still almost 20 per cent below the 2021 valuation peak. This year's Digital Champions CEE 2024 ranking of the 100 biggest tech companies shows that Poland has maintained its leadership position in terms of company value, with a share of more than 38% of total capitalisation. With the ongoing war in Ukraine, interest in security and cyber-security companies, as well as dual-use technologies, has increased significantly. Artificial intelligence is no longer just a fashionable buzzword and has become a key element of growth and transformation in many industries, creating new opportunities and challenges for digital champions in the region.
- Total value of phoenixes, dragons and wolves, the largest technology companies that are growing the CEE digital economy, has exceeded USD 106.95 billion. This is almost 5 per cent of CEE's GDP.
- In this year's edition of the Digital Champions CEE ranking, 25 companies debuted (3 phoenixes, 13 dragons, 7 wolves). Most new champions are Fintech (10) and SaaS (6).
- Poland remains the region's leader in terms of the value of companies, with a total capitalisation of USD 40.67 billion, representing 38.03% of the ranking. The highest valued champions are UiPath, Wise, Allegro, Inpost and Nord Security.
- Lithuania saw the largest increase in the number of champions in this year's ranking (up 60%).
- Digital Phoenixes - 31 companies with valuations in excess of US$1bn
- Digital Dragons - 47 companies with a valuation of $250 million - $1 billion
- Digital Wolves - 22 companies with valuations between $100-250 million
Champion capitalisation and key categories
![Digital Champions CEE 2024](https://prowly-prod.s3.eu-west-1.amazonaws.com/uploads/8788/assets/653186/large-22cc925a6f6b2db5053c1ffa1e98c59d.png)
Digital Champions CEE 2024