Found.ation and EIT Digital, in partnership with Velocity.Partners VC

Found.ation and EIT Digital, in partnership with Velocity.Partners VC, have released the Startups in Greece report for the 5th consecutive year. This report is supported by the Hellenic Development Bank of Investments (HDBI) and sponsored by egg – enter.grow.go and Oracle for Startups.

The report is a study of the Greek startup ecosystem in relation to the country’s financial situation, providing valuable insights of the Greek startup scene and its development over the years.

Highlights:

• Features the top 10 most funded startups and exits in Greece over the last year and of all time.
• Presents the financing landscape, the independently managed funds and the startups that received the investments
• Takes a closer look at the characteristics and the development of local startups in the pre-seed and seed stages, drawing noteworthy conclusions.
• Includes opinion articles from investors, startuppers and stakeholders.
• The top 10 Greek startups this year raised a total of 397 million euros, more than three times the amount raised last year.
• The total number of startups funded this year is about 70, 30% more than last year, while the total investments secured by them exceed €500 million.
• 2021 also saw significant startup exits, where 3 of them directly entered the top 10 list of all-time. This is also the year we managed to identify the first “Unicorns” born and raised in Greek territory.
• Non-Greek investors participation in Greek companies investment rounds rises to the impressive percentage of 84.9%, validating the growth of the local ecosystem and builds the ground for more extroversion activities.
• Documents accelerators, incubators, hackathons and coworking spaces

STARTUPS IN GREECE 2021/2022 REPORT IS

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