After many challenging years, the Greek economy is slowly starting to grow again, with a decreasing unemployment rate and the birth of many new startups. Despite the crisis, a lot of great tech entrepreneurs stayed in Greece and are continuously working on innovative business models.
In the beginning of this month, we took a close look at the Greek startup scene and created a list of 10 promising startups to watch in 2018. All of the startups we’re mentioning below entered the market within the past three years and each of these companies has something special to add to the tech and/or business world in 2018.
Augmenta – Founded in Athens in 2017, by two farmers and embedded systems engineers, Augmenta is an agritech startup that offers an AI-based solution comprised of a hardware device and a web platform, that scans and analyzes crops. The aim is to enable farmers to make informed decisions. Estimated to increase agricultural performance by 12%, using 13% fewer chemicals and improving protein levels by 15%.
Cube RM develops a revenue management software, which can predict the impact of price changes, the probability of success, and calculate optimum prices, while reducing implementation time and cost. The Cube RM portfolio today includes Fortune 500 clients with thousands of users in more than 20 countries across Europe. In April 2018, they received its first investment from Marathon Venture Capital.
Ingredio is a mobile application that informs consumers about the toxicity of food ingredients and cosmetics and allows them to bring informed decisions about their lifestyle. The app can be used without geographical constraints, as long as the ingredients are in English. Set on a mission to create a society free of toxic chemicals, Ingred.io was founded in 2016 and has been changing lives ever since.
Fieldscale – Founded in 2015, this Thessaloniki-based startup designs and develops simulation software solutions for electric design and analysis, enabling companies to reach unprecedented simulation speed and massive cost savings. Their parallelized algorithms integrated within a simple, intuitive user environment have allowed the company to raise so far €1.5 million in funding and win several awards in Greece.
InAccel develops FPGA cloud hardware accelerators, which increase the performance of computing programs, and reduce the total cost of operations. Based out of Athens (Greece) and Delaware (USA), they are specialized in developing accelerators for machine learning, data analytics, data processing and databases. In July 2018, the startup raised $600,000 in seed investment from the Athens-based Marathon Capital Fund.
Nummyspay: Founded in 2017, Nummuspay is a subscription management and credit card processing platform that helps online businesses save money and time. Online invoicing, subscription management, tax management, automatic recurring billing are just some of its features. FinancesOnline awarded them the Rising Star 2018 Award.
RTsafe develops an innovating technology for a personalised quality assurance process in radiation oncology, where the treatment can be first applied and checked before being approved for the real patient. This individualized approach is minimizing the chances of side effects of treatment and has granted them the 1st place at the MITEF Greece Startup Competition 2015 and 2.9 million in funding.
SealSmile or ‘The One-Stop Place for Shopping from China’, is an online platform that offers a vast variety of products and deals at competitive prices from more than 60 popular Chinese online stores. Founded in 2016 by Dr Fotis Gonidis, the company has more than one million products and more than 1,000 coupons, providing consumers with a global shopping experience.
Syncbnb was selected out of 510 applications from across Europe to join our big pitch competition at this year’s EU-Startups Summit. Also, Syncbnb was awarded as the best Greek tourism startup. The young company provides a calendar synchronization tool that helps owners and managers of short-term rental properties to increase their revenue by synchronizing their bookings from multiple rental platforms. Aiming to become the No. 1 short-term lease management service worldwide, Syncbnb has raised 400k seed funding from several Greek angel investors in July 2018.
Welcome Pickups – Started with a mission to reshape the travel experience, Welcome Pickups steps in at the moment a traveller arrives at his destination, providing transfer services, essential products, pre-ordered tickets to top attractions, tips and tailor-made experiences led by locals and much more. Founded in 2015, the company has raised $2.6 million in funding from investors so far and has welcomed more than 150,000 guests in 118 countries.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!