With the support of the Hellenic Development Investment Bank, the exhibition Startups in Greece 2021-2022 was presented on December 7, 2021, by Found.ation and EIT Digital, in collaboration with Velocity.Partners.
The report presents detailed data on the Greek ecosystem, the achievements of start-ups in the country and funding opportunities.
According to the data presented, 2021 is a very interesting year, during which we had a new record for the growing Greek startup scene. Overall, the new capital used in 2021, tripled compared to the previous year, while there was a record follow-on investment.
The report records all the investments that have been made both within the framework of the EquiFund financing program, as well as by investment schemes in Greece and abroad.
At the same time, the profile of the companies that have been strengthened is analyzed, while the lists of the most successful Greek startups are renewed and presented, both of those that have received the most funding, and of those that have achieved the best acquisition agreements.
In his introductory speech, o Deputy Minister of Development and Investment, Mr. Giannis Tsakiris, announced new investment opportunities, emphasizing: “The Ministry of Development and Investment intends to channel an initial capital of over € 200 million from public funds to start-ups, without ruling out further growth, thanks to funds from the National Recovery and Sustainability Fund .
“The total amount that will be available from the state to venture capitalists at the moment is € 1.26 billion.”
Greetings from the podium of the event President of EATE Professor Mr. Harris Lambropoulosstating, inter alia, “if we take into account all types of available financial instruments and resources that can be used, in addition to equity investments at the level of the companies investing, EATE ‘s managed funds can lead to the leverage of total investments in the real economy over € 7- € 10 billion and contribute significantly to the overall development effort “.
Mr. Dimitris Kalavros-Gousiou, co-founder of Found.ation, co-founder and partner of Velocity.Partners, presenting the report stated that 2021 was a year of new records for the growing Greek startup scene in terms of financing from venture capital, exits and unicorns. He also pointed out that the amount of the first ten companies in raising funds is estimated at over 400 million euros, for the current year.
THE Professor of the Athens University of Economics and Business and partner of Uni.Fund Mrs. Katerina Pramatari stressed that both in Greece and at European level, the space around universities and research has a turn to be used. “I think we have a brilliant decade ahead of us in this area,” he said.
THE partner of TECS Capital fund Mr. Antonis Elias, in his position he noticed a collective development of the business strartups sector, which is represented diagrammatically, with an upward curve that is still at an early stage, giving significant investment opportunities for the coming years.
Mr. Apostolos Apostolakis, founder of Venture Friends stated that the people in the ecosystem of startups are experiencing strong growth and expressed the belief that we will soon have startups listed on the stock exchange, something that will contribute to the further development of this sector.
The discussion was moderated by COO & Head of Strategy of the strategic communication company Socialdoo Mr. Panagiotis Kakolyris, who said that the political environment and the economic – technological situation have created an important window of opportunity for Greek startups.
You can see the whole report here
The following are some of the facts presented in the report:
• The total number of startups financed this year is more than 70, by 30% more than last year, while the total investments secured by them exceed € 500 million.
• The top 10 Greek start-ups this year raised a total of 397 million euros, more than double the amount collected last year.
• In 2021 there were also some exits, three of which entered directly into the list of top 10 of all time, in terms of value. It is also the year that we are able to name the first companies that reach the “unicorns” stage of the Greek territory (PeopleCert, Blueground and Viva Wallet).
• Examining the amounts that companies request from the funds, there is a significant increase in the area of ​​€ 100,000 to € 200,000, as well as to € 400,000 to € 500,000. This marks the creation of a new wave of start-ups that will stand out and leave their mark in 2022. In terms of market focus, almost 70% of them focus on B2B.
• The top three areas in which start-ups are active remain Life Sciences, Retail and AgriTech, with the startups of Maritime Tech and Deep Tech continuing to be on the rise, which are expected to remain in 2022.
• 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.
Source From: Capital
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