The 10 Greek startups with the most funding in 2024
Greek Startups Soar with Record-Breaking Achievements
Funding Surge and EATE's Role
The Greek startup scene is experiencing unprecedented growth, fueled by the strategic support of the Hellenic Development Bank of Greece (EATE). With EATE backing 30 funds and 16 active Venture Capital funds targeting startups, angel investors and family offices are playing a growing role in funding rounds.
"EATE's investment has been a game-changer for Greek startups, providing crucial funding and support at every stage of their growth." - Giorgos Angelopoulos, EATE Chairman
Ecosystem Investment on the Rise
Greek startups raised over €555 million in 2024, a 15% increase from the previous year, despite a 5% decline in European investments during the same period.
Investments covered all stages, with Series C and D rounds exceeding €190 million, reflecting the ecosystem's growing maturity. However, early-stage investments require further attention.
Strategic Sectors Garnering Attention
Artificial Intelligence, Biotechnology, and Health Technology emerged as the most heavily funded sectors in 2024, reflecting global innovation trends.
These sectors are attracting the world's leading innovators, solidifying Greece's position as a hub for cutting-edge technology.
Gender Equality Challenges Persist
Despite the progress, only 24% of startups had female founders, highlighting the need for continued efforts to improve gender equality and encourage women's participation in entrepreneurship.
Foreign Investors Flock to Greece
Over 156 unique foreign investors supported Greek startups in 2024, with 36% hailing from the US. This influx of international capital underscores Greece's appeal as an investment destination for global innovation.
Innovation Exports and Unicorn Status
The $1.24 billion acquisition of BETA CAE Systems, the largest acquisition of a Greek technology company to date, showcased the international competitiveness of Greek innovation.
Viva Wallet remained a unicorn, while the top Greek startups were valued at an estimated €4.9-6.5 billion, representing 60% of the ecosystem's worth.
Top 10 Greek Startups by Funding
The following 10 Greek startups secured the highest funding in 2024:
- D-Orbit: € 150 million
- Axelera AI: € 60.82 million
- Blueground: € 40.25 million
- Hellas Direct: € 30 million
- Numa: € 28.98 million
- Deepcure: € 22 million
- iCOMAT: € 20.13 million
- Plum: € 19 million
- Connectly.ai: € 17.89 million
- Kinvent: € 15.5 million
These companies exemplify the innovation and potential of the Greek startup ecosystem, attracting significant investment and driving the country's economic growth.