Market Insights Financial Capital Raising Traditional Capital Raising

Venture Capital - North Macedonia

North Macedonia

The country in North Macedonia is projected to reach a Total Capital Raised of US$27.07m in the Venture Capital market market by 2024.
In the same year, the Later Stage market is set to dominate the market with a projected market volume of US$12.93m.
When compared globally, the United States is expected to generate the most Capital Raised, reaching US$136,600.0m in 2024.
North Macedonia's Venture Capital market is gaining momentum, with a growing interest from investors in tech startups and innovative business models.

Key regions: Europe, United States, United Kingdom, Australia, Brazil

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Analyst Opinion

The Venture Capital market in North Macedonia has experienced significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in North Macedonia have shifted towards entrepreneurship and innovation.

Young professionals are increasingly seeking opportunities to start their own businesses and develop innovative ideas. This has created a demand for venture capital funding to support these ventures and help them grow. Additionally, there is a growing interest in technology and digital solutions, which has further fueled the need for venture capital investments in the country.

Trends in the market have also played a role in the development of the Venture Capital market in North Macedonia. The country has seen a rise in the number of startup incubators and accelerators, which provide support and resources to early-stage companies. These organizations often attract venture capital investors who are looking for promising startups to invest in.

Furthermore, there has been an increase in the number of angel investors and crowdfunding platforms, which have made it easier for entrepreneurs to access funding. Local special circumstances have also contributed to the growth of the Venture Capital market in North Macedonia. The government has implemented various initiatives to support entrepreneurship and innovation, including tax incentives for investors and the establishment of innovation hubs.

These efforts have created a favorable environment for venture capital investments and have attracted both local and foreign investors to the country. Underlying macroeconomic factors have also played a role in the development of the Venture Capital market in North Macedonia. The country has experienced stable economic growth in recent years, which has increased investor confidence and willingness to invest in riskier assets such as startups.

Additionally, the government has implemented reforms to improve the business environment and attract foreign direct investment, which has further stimulated the Venture Capital market. Overall, the Venture Capital market in North Macedonia has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The country's focus on entrepreneurship and innovation, the rise of startup incubators and accelerators, government initiatives to support entrepreneurship, and stable economic growth have all contributed to the development of a thriving Venture Capital market in North Macedonia.

Methodology

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on the amount of capital raised, the average of deal size and the number of deals.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use data from OECD, annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, CPI, number of small and medium-sized enterprises (SME), new businesses registered (number) . This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.