InvestorInvesting in diverse sectors with a focus on growth and sustainability.
The startup scene across Greece
Where startups are forming across Greece: the cities, accelerators and investors, and how you get close to them.
The ecosystem
The European Commission classifies Greece as a Moderate Innovator, with a 2025 Summary Innovation Index of 75.8 on the EU-indexed scale and a twentieth-place ranking among EU member states. Its SME innovation indicators are higher: product innovation is 203.7% of the EU average, business-process innovation 163.9%, and the Innovators dimension 181.4%.
Found.ation reports more than €732 million across 95 funding rounds in its 2025 summary, describing 35% year-over-year growth. Its 2024 report recorded more than €555 million across more than 90 companies, a 15% increase from the prior year, for a period running January 1 through November 20, 2024.
Sectors and strengths
In 2025, the European Commission reported Greece’s venture-capital expenditure at 35.3% of the EU average, business-sector R&D at 48.3%, employed ICT specialists at 36.1%, digitalization at 46.5%, and high-speed internet access at 31.5%. Public-sector R&D expenditure was 105% of the EU average.
As of . Official information. Source: European Innovation Scoreboard 2025 - Country profile Greece
Hubs and regional differences
The European Commission reports that almost one in two people in Greece live in Attica or Central Macedonia and attributes population-density variation to the country’s mountainous and island geography. For Athens, Startup Genome reports $4 billion in ecosystem value for H2 2023–2025, $124 million in Seed and Series A funding for that period, and $3 billion in exits for 2021–2025.
As of . Official information. Source: European Innovation Scoreboard 2025 - Country profile Greece; Athens - Ecosystem by the Numbers
Notable companies
Found.ation’s all-time funding table lists Viva Wallet at €322.75 million, FlexCar at €300 million, Blueground at €261.32 million, D-Orbit at €230.6 million, Spotawheel at €132.9 million, Axelera AI at €111.59 million, Plum at €97.15 million, and Causaly at €88.15 million. Found.ation’s broad Greek-startup definition includes companies with current or past Greek headquarters, a Greek branch or R&D department, or significant Greek founder or employee presence; these figures do not establish each company’s origin or current headquarters.
As of . Official information. Source: Startups in Greece 2024-2025
Found.ation’s 2024 funding table lists D-Orbit at €150 million, Axelera AI at €60.82 million, Blueground at €40.25 million, Hellas Direct at €30 million, and Plum at €19 million. The report notes that some deal amounts are approximate or currency-converted, and that its 2024 data period ends November 20.
As of . Official information. Source: Startups in Greece 2024-2025
Found.ation gives BETA CAE Systems’ acquisition as $1.24 billion in its narrative and records €1.15 billion in its exit table.
As of . Official information. Source: Startups in Greece 2024-2025
For founders
Found.ation’s tables provide reported funding figures for named companies, while its definition of a Greek startup includes several kinds of connection to Greece and some amounts are approximate or converted. The tables alone do not establish a company’s founding origin or current headquarters.
As of . Official information. Source: Startups in Greece 2024-2025
For investors
Athens has separately reported ecosystem-value, early-stage funding, and exit measures, while national indicators report strong SME innovation scores alongside lower relative venture-capital expenditure and business-sector R&D. These measures describe different scopes and indicators, so they should not be read as a single national company-performance measure.
As of . Official information. Source: European Innovation Scoreboard 2025 - Country profile Greece; Athens - Ecosystem by the Numbers
Constraints and recent changes
Found.ation says its 2024 research is not exhaustive and that some reported amounts are approximate or currency-converted. Its 2024 and 2025 funding summaries are publisher-reported figures for their stated periods.
As of . Official information. Source: Startups in Greece 2024-2025; FWD Greece: Innovation Pulse
Startup ecosystem standing
Where Greece ranks
| Ranking | Edition | Position | Since last edition | Trust | What it measures |
|---|---|---|---|---|---|
 Bloomberg Innovation Index | 2019 | #35 | No change | B | Innovation, Research |
 Global Innovation Index | 2025 | #42 | Up 3 | A | Innovation, Competitiveness, Research, Talent |
 Global Startup Ecosystem Index (countries) | 2025 | #47 | No prior edition | B | Ecosystem, Activity, Finance, Business Climate |
 IMD World Competitiveness Ranking | 2026 | #50 | Down 3 | B | Competitiveness, Business Climate, Performance |
 Doing Business (Ease of Doing Business ranking) | Doing Business 2020 | #79 | Down 7 | B | Business Climate |
102 organizations with a profile
Who's based in Greece
Investors 59
Investor
InvestorEmpowering Greek startups through angel investment and mentorship.
InvestorPioneering private equity and venture capital in South-Eastern Europe.
The 3 most prominent of 59. Browse all investors
Incubators 25
IncubatorEmpowering early-stage founders in Greece.
IncubatorTransforming organizations through innovation.
IncubatorEnhancing journalism through education and development.
The 3 most prominent of 25. Browse all incubators
Accelerators 12
AcceleratorSupporting high-impact entrepreneurs in Greece.
AcceleratorFostering innovation and entrepreneurship in Greece.
AcceleratorEmpowering entrepreneurs through education and resources.
The 3 most prominent of 12. Browse all accelerators
Venture studios 6
Venture studioBuilding and scaling early-stage B2B SaaS companies.
Venture studioSolving complex problems with technology.
Venture studioBuilding and accelerating tech ventures.
The 3 most prominent of 6. Browse all venture studios
Pick what describes you
Your way in
Raising in Greece
Investors based here, and the programs that take teams at your stage.
- Centric Holdings SAInvestor
- HeBAN - Hellenic Business Angels Network (Association)Investor
- All investors
Finding startups in Greece
Accelerators and incubators here see the earliest teams first.
Get startups that fitScouting in Greece
Campuses and communities are where teams form before anyone funds them.
Start scoutingCity guides
Cities in Greece
Questions about Greece
How does Greece rank as a startup ecosystem?
Its best position is #35 in Bloomberg Innovation Index (2019). It appears in 5 published rankings; the table above lists each one.
How many startup investors are based in Greece?
59 investors based in Greece have a profile here, including Centric Holdings SA, HeBAN - Hellenic Business Angels Network (Association) and Global Finance. The real number is higher.
Are there accelerators or incubators in Greece?
Yes. Greece has 12 accelerators, 25 incubators and 6 venture studios on record, including Endeavor Greece, Orange Grove and Starttech Ventures.
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