STARTUP FUNDING

SEE startup radar: Which are the top-funded tech startups in Southeast Europe?

Pepi Stojanovski on ©Unsplash

Startup funding rounds in SEE have been gaining speed with several companies from the region attracting some serious investment, according to a recent report by CBI Insights.

Of the 37 companies featured in the list, there are eight from the region, attracting total equity funding worth nearly $300m.

Turkey’s rapid delivery provider Getir leads the gang with total equity funding of $168m, followed by Greece’s monitoring startup Netdata with $35m and Cyprus-based fintech startup Capital.com with $25m.  Also on the list are Bulgaria’s Software Group ith total equity funding worth $17m, Romania’s FintechOS with $16m, Slovenia’s Eligma with $9.3m, Albania’s Gjirafa with $8.7m, and Croatia’s Gideon with $5.73m.

The analysis ranks well-funded VC-backed tech companies based on total disclosed equity funding and only includes companies that have raised an equity round since 2016. Companies must have raised a minimum of $1m.

The list also includes some CEE startups, including Estonia’s Bolt with total equity funding worth $493m, Lithuania’s Vinted with $260m, Czech Republic’s Rohlik.cz with $229, Poland’s Brainly with $149m, Hungary’s Almotive with $71m, Latvia’s Mintos with $17m, and Slovakia’s Mint with $11m.

+++Invest Europe: In CEE One-Third of the VC and Private Equity Funds Capital Comes from Government Agencies+++

European landscape

©CB Insights

In Europe as a whole, nearly $130B has been invested across more than 23,600 equity deals to tech startups since 2015. The top-funded startups on the Continent are UK’s broadband satellite company OneWeb with nearly $3.9b in disclosed equity funding, Sweden-based buy now, pay-later provider Klarna with $2.8b, and challenger bank N26 from Germany with $822m.

Nine of the companies in CB Insights’ list are unicorns with disclosed valuations of over $1 billion: Klarna (valuation of $31b, Sweden), Bolt ($4.3b, Estonia), N26 ($3.5b, Germany), Collibra ($2.4b, Belgium), Deezer ($1.4b, France), Vinted ($1.1b, Lithuania), Nexthing ($1.1b, Switzerland), and Glovo ($1b, Spain).

Europe is home to 18 countries where the most well-funded tech startups raising over $100m in equity funding each.

See last year’s landscape here: Top Well-Funded Startups In Europe By Country!

 

Advertisement
Advertisement
Das Cover von Ausgabe 2. © Visnjic / Trending Topics

Specials from our Partners

Top Posts from our Network

Powered by This price ticker contains affiliate links to Bitpanda.

Deep Dives

Europe's Top Unicorn Investments 2023

The full list of companies that reached a valuation of € 1B+ this year
© Behnam Norouzi on Unsplash

Crypto Investment Tracker 2022

The biggest deals in the industry, ranked by Trending Topics

Russia vs. Ukraine

#EuropeansAgainstWar
ThisisEngineering RAEng on Unsplash

Technology explained

Powered by PwC
© addendum

Inside the Blockchain

Die revolutionäre Technologie von Experten erklärt

Podcast: Mit den smartesten Köpfen im Gespräch

Der Podcast von Trending Topics
© Shannon Rowies on Unsplash

We ❤️ Founders

Die spannendsten Persönlichkeiten der Startup-Szene
Tokio bei Nacht und Regen. © Unsplash

🤖Big in Japan🤖

Startups - Robots - Entrepreneurs - Tech - Trends

Continue Reading