Startups draw $60 mln in May

In just one month Greek-owned startups have raised more than $60 million, taking the sum since the start of the year to over $214 million, according to data gathered by Marathon Venture Capital.

That has been done with the participation of major investors such as the Atomico investment fund, which manages more than $4 billion in funds, but also NATO, which invested in a Greek startup through the NATO Innovation Fund.

The remarkable mobility that has prevailed in the startup market in the last few months was registered after a period of strong shocks, due to high inflation, the rise of borrowing costs and general geopolitical tensions. That resulted in stemming the flow of capital from investors at a time when many technology companies have been cutting back and trying to turn to profitability.

However, the NATO Innovation Fund's investment in Evangelos...