The Startup Ecosystem of Greece
Greece has 3 cities in the top 1000 and is ranked 19th in Western Europe.
COUNTRY RANKING
Since 2024, Greece lost 3 spots in the Global Startup Ecosystem Index, having now positioned itself as 49th worldwide.
Population
Million
Regional Ranking
In Western Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Greece is witnessing a remarkable recovery from the economic crisis that began in 2008. With a more business-friendly approach and a focus on economic reforms, the nation was recognized as the Economist’s Country of the Year. This positive environment has led to the successful growth of local startup ecosystems, with companies like Viva Wallet and PeopleCert achieving valuations exceeding US$ 1 billion in 2022. These success stories are motivating entrepreneurs and driving growth across the ecosystems. Greece benefits from a highly skilled English-speaking workforce and a thriving IT sector, as well as its strategic location near European, Middle Eastern, and African markets, positioning it as a potential regional tech hub.
Despite these successes, challenges remain in retaining talent and fostering an entrepreneurial mindset. The public sector is taking steps to address these challenges, with initiatives such as the EquiFund fund-of-funds, Elevate Greece, and Startup Greece bringing together startups and investors to support the ecosystem. However, more efforts are needed to streamline the startup environment and attract investment.
To further enhance the startup ecosystem, the government should continue its business-friendly policies and implement smart reforms to improve competitiveness. Initiatives like the Digital Nomad Visa and tax incentives for startups utilizing patents are steps in the right direction. The ongoing digital transformation in Greece bodes well for the future, with the potential to establish the country as a prominent regional startup hub.
Startups
Greece Top Startup Industries
124 startups
20 startups
29 startups
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Ecosystem HealthCheck
Greece Ecosystem Health Check
The health check tables allow you to look at the performance Greece has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Greece
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Startup Ecosystem Charts
Startup Funding in Greece2017 - 2024
Startup Funding in Greece 2017 - 2024
From 2022 to 2023, startup funding in Greece has decreased by 56.83%. During this period, the number of deals in Greece has decreased by 10.26%. Since 2017, total startup funding in Greece exceeded US$ $2.20B.
Average Funding in 2023
$6.44M
Funding in 2023
$225.38M
Deals in 2023
35
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Greece
Global Rank
Greece is ranked within the top 50 startup ecosystems globally.
Top Industries
Greece’s startup scene is best represented in Software & Data, Fintech, and in Social & Leisure.
Top Cities for Startups in Greece - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 120th - 4 | 6.176 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 470th - 5 | 0.557 | 00.00 | 00.00 | 00.00 | |
3rd new | 759th new | 0.205 | 00.00 | 00.00 | 00.00 | |
4th new | 1181st new | 0.069 | 00.00 | 00.00 | 00.00 |
BLOG
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