Greek startups have created a local industry worth billions of euros, with funding and takeover deals sending valuations soaring and prompting investors to view some of them as potential "unicorns," that is technological companies with a value in excess of $1 billion.
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Greek startups have created a local industry worth billions of euros, with funding and takeover deals sending valuations soaring and prompting investors to view some of them as potential "unicorns," that is technological companies with a value in excess of $1 billion.
These firm mostly belong to Greek owners, often with a significant presence in Greece, and offer a technological product or service that is attracting the interest of foreign investors.
Market professionals put the capitalization of Greek-owned startups at 3.5 billion euros, up from €2.5 billion last year and zero just eight years back. This has been achieved with the steady increase in value by some 30% per annum over the last seven to eight years.
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International interest in Greek startups is growing, notes Christos Gasteratos, an analyst at Marathon Venture Capital, which recently invested in Netdata, along with Bain. “That interest signals a new phase of maturing in the Greek startup industry. All necessary resources are now available for Greek startups to become fully competitive on an international level,” he says.
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Griechenland hat richtig viel Potential im Bereich StartUps. Wir sind zwar noch lange nicht da, wo wir hätte sein können, aber es ist schon mal ein guter Anfang.