Criteria for Inclusion
- Companies must have an enterprise value above $100 million (this year threshold is $170 million).
- Must have a strong presence in the CE region or be funded from the region.
- Must be a digital company.
- Exclusions include companies that have relocated headquarters externally or operate mostly outside CE (e.g., 11 Labs moved to New York).

Company Categorization
- Companies are organized in categories: Digital Phoenix (>$100B), Digital Dragons ($250M - $1B), Unicorns, and six sectors including cybersecurity, e-commerce and fintech.
- Both private and publicly listed companies are included.

Key Findings
- Largest group: 50 Digital Dragons, doubling since 2021.
- Total market capitalization of top 100 tech companies is $170B (+10% since last report) but below the 2021 peak.
- E-commerce is the largest sector by market cap ($40B), followed by Software as a Service (SaaS) with 31 companies and 63% growth in count.
- Four countries (Poland, Estonia, Lithuania, Czechia) hold nearly 80% of the total market cap.
- Poland leads with 39 companies; Estonia notable for very high capitalization and company count per capita, partly due to favorable business environment and ease of remote operations.
- Only Poland and Czechia have balanced ecosystems with a broad range of companies rather than dominance by a few large players.

Venture Capital and Private Equity Pulse
- Private equity faces challenges with lower multiples and fewer exits than in 2021.
- Venture capital remains active with 82 major exits last year, exceeding 2021 despite reduced investment volumes due to geopolitical tensions.
- Total VC investment has dropped from €6-7B in 2021 to €2.25B currently.
- CE region's VC activity growth over 8 years outpaces Nordics and German-speaking Europe, though starting from a smaller base.

Additional Insights
- Serbia and Croatia showed significant percentage growth but from very small bases.
- Sponsors thanked: Arthur DeLittle, Baker McKenzie, private equity associations and funds.

Actionable Items / Tasks
- The official ranking and full report will be published tomorrow on digitalpoland.org.
- For questions or further information about the ranking methodology or companies, contact via LinkedIn or email.
- The presenter is available until 5 PM in Gdańsk for direct discussion.