The total value of Greek start-ups is estimated at €8 billion, the second highest in the Southeastern European region after Romania.
The top role belongs to 10 start-ups, some of which are no longer start-ups as they are in the mature stage of development. According to the report “Greek Startups 2022/2023”, its total value on average he approaches 5.8 billion euros. By the Foundation.ation team.
Co-authored with EIT Digital, the report is the first to publish a list of the 10 most valuable technology companies based on a range of value estimates.
No. 1 is Viva Wallet, which announced a few days ago that after months of tough negotiations, US multinational JP Morgan acquired a 48.5% stake in the company. According to research, the company is worth €1.7 billion to €2 billion, making it officially the first unicorn (a technology company worth more than €1 billion). Skroutz, a similarly mature tech company, seems to be moving in the same vein. According to research, its value is now over €1 billion. On the other hand, Persado follows him at a value of €700m to €1.2bn.
Startups like real estate firm Blueground, valued at close to €1 billion, are characterized as ‘Soonikorn’, followed by Workable with a valuation between €300m and €500m.
Blueground’s final $180 million funding round ($40 million of which was debt-financed) announced in 2021 puts the company at a valuation of over €700 million. His ADQ National Fund in Abu Dhabi also participated in this particular round. This is also the company’s final funding round (Series C).
FlexCar, a flexible car leasing company, takes sixth place with a capitalization of nearly €200-300 million, followed by Hellas Direct with a valuation in the €100-200 million range. Finally, his final third place in the top 10 with a valuation of €100-150 million is occupied by Spotawheel, TileDB, and financial services technology company (fintech) Plum.
Greek start-up officials estimate the local industry’s valuation to be fairly reasonable, but it faced challenges to secure funding and sustainability that year.
