In recent years, investors have poured billions into the burgeoning region of central and eastern Europe. Here's why they're so excited about this startup hotbed.
Investors like Lightspeed partner Anoushka Vaswani tell Insider that the geographic area has increasingly become a hotbed for up-and-coming tech startups.
"Eastern Europe is the former Communist Bloc, and during communism, one of the dangerous things for the communist regimes were humanistic subjects," Bartos said."So they encouraged technical majors like maths, computer science, physics, so in the region we actually have pretty good technical education."
And flexibility, a crucial trait for founders who are constantly forced to adapt, is second nature for central and eastern European entrepreneurs, Max Lytvyn, cofounder and head of revenue at online writing assistant company Grammarly, says. "Especially because I focus on growth-stage investments, having the DNA to commercially go pan-European or enter the US is very important," Vaswani said.
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