2021: A Record Year For The Growing Greek Startup Scene

  • by XpatAthens
  • Monday, 20 June 2022
2021: A Record Year For The Growing Greek Startup Scene
2021 has been a remarkable year for the startup ecosystem in Greece as the country climbed six places to 48th in the world according to StartupBlink’s “Startup Blink Global Ecosystem Report for 2022”. At the same time, Greek startups raised over €500M in 2021 -almost triple compared to last year’s disclosed investments- while the country entered for the first time the “unicorn” club. Unicorn companies are those that reach a valuation of $1 billion without being listed on the stock market and two Greek companies have recently reached this status.

StartupBlink Global Startup Ecosystem Map

According to the StartupBlink world index, Greece ranked number 48 globally climbing 6 places since last year with an upward trend that is expected to be recorded in the next report. Greece’s rise is mainly due to the rising startup ecosystem of Athens, as the Greek capital is high on the list of the top 100 ecosystems in the field of recreation, in 51st place. Athens is the top-ranked Greek city in an index of 1,000 cities ranking at 132. Greece also ranks at number 18 for startups in Western Europe and is an ideal place to locate Social & Leisure, Transportation, and Foodtech startups.

According to the Startup Blink report, Greece remains resilient, despite the financial crisis of 2008 and the pandemic of 2020. Greece is an EU country located at the intersection of Europe, Asia, the Middle East, and North Africa having at the same time the advantage of a highly-skilled English-speaking workforce. In 2021 startup funding was increased and important exits were registered including two unicorn companies. This has attracted worldwide attention to the Greek startup ecosystem and its technological capabilities as the country has the potential to become a regional technology hub.

To read this article in full, please visit: greeknewsagenda.com