Startups have already raised $45 mln this year

Startups may have now gone past the worst, say several international investors, predicting that 2024 will be a year of stability, in contrast to 2023, that showed shrinking investment and mass layoffs by technology companies.

Inflation, rising borrowing costs and geopolitical turmoil have adversely affected the sector, with investment globally down 40% in the previous year. Greek startups were not left unscathed by the turmoil in the investment market, as funding for new ideas fell by roughly the same percentage.

So on the front of Greek startups, the start of the new year has appeared quite dynamic and already in the first five weeks of 2024 companies of Greek origin have raised close to $45 million in 14 rounds of funding from 13 international investors.

Data from Greek investment fund Marathon Venture Capital show that of the $45 million, $17 million went to...