The total number of startups funded this year is about 70, ie 30% more than last year, while the total investments they secured exceed 500 million euros.
This is one of the conclusions of the report -published this year for the 4th year- with the aim of recording the funding opportunities and the profile of “startups in Greece 2020/21”.
The report was prepared by Found.ation, in collaboration with EIT Digital and Velocity.Partners VC, one of the EquiFund funds, and was published with the support of the Hellenic Investment Bank.
At today’s event where the conclusions of the report were presented and discussed, the Deputy Minister of Development and Investment, Giannis Tsakiris, underlined that the goal in the next 5 years is that the numbers of the start-up ecosystem have exceeded the numbers of the European average. new programs are being planned and that the aim is not to have a financial gap in the financial products.
He also mentioned his assessment that the startup market in our country is going through its “post-adolescent” stage with several profits and new jobs.
Regarding the report, all the investments made under the EquiFund financing program are recorded and the profile of the companies that have been supported is analyzed. Also, the lists of the most successful Greek startups are updated, both those that have received the most funding in 2020 and overall, as well as those that have reached the best acquisition agreements and the characteristics of Greek startup companies that are in the early stages are analyzed. of their development (pre-seed and seed stages).
Some of the findings of the attack are:
– The top 10 Greek start-ups this year raised a total of 397 million euros, more than three times the amount raised last year.
– The startups financed this year, in total, are about 70.30% more than last year, while the total investments they secured exceed 500 million euros.
– In 2021 there were significant starting exits, where 3 of them entered directly into the list of top 10 of all time. This is also the year that we managed to recognize the first “Unicorns” – that is, unlisted companies with a valuation of more than 1 billion dollars – who were born and raised in Greece.
It is recalled that last year we had a record in terms of outputs. 2020 saw the largest acquisition of a Greek startup (Instashop for 307 million euros), another outlet that exceeded 100 million euros was the acquisition of Softomotive by Microsoft), but also the first acquisitions of companies financed through EquiFund ( Pushme, Instashop, Think Silicon, GuestFlip).
– The participation of non-Greek investors in investment rounds of Greek companies rises to an impressive 84.9%, validating the development of the local ecosystem and creating the ground for more extroversion activities.
Finally, it is noted, as far as women are concerned, that the data are not encouraging as it only appears that 1.5 out of 10 startups have a female co-founder or with a small representation, but it should be noted that the European average is also low.
Source: AMPE
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Source From: Capital
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