Austria’s start-ups collected a quarter more money from investors last year. The amount of publicly-known financing rose from € 138 million (2017) to € 173 million (2018), according to a study published by the consulting firm EY (Ernst & Young).
Important info for startups: Which are the most interesting markets?
The highest financing was awarded to the Vienna travel platform TourRadar with 41 million euros. The second highest investment went to the Carinthian video streaming start-up Bitmovin (EUR 25 million), followed by the Styrian micro-speaker manufacturer USound (EUR 17 million), Viennese vaccine developer Themis Bioscience and Tyrolean e-bike retailer Greenstorm Mobility (€ 10 million each), according to the EY start-up barometer. The mobile payment service Bluecode, headquartered in Vienna and the Swiss municipality of Lachen, received EUR 11.2 million from investors, but was not counted in the EY statistics because its headquarters are in Switzerland.
More startups spots
Investors invested about 10 million euros in the Vorarlberg start-up crate.io last year – developer of a real-time SQL database, 6.5 million euros in the Vienna Bootvermittlung start-up. up Zizoo and each with more than 5 million euros in the self-storage start-up store Storebox, the Graz Funktürschloss start-up Nuki, the Vienna sports software start-up Eversports and the Salzburg e-commerce start-up Findologic.
Also published on Medium.