Located at the crossroads of Europe, Asia, and Africa, Greece’s strategic geographical location has historically influenced its diverse culture and entrepreneurial spirit. The country has long been celebrated for its ancient contributions to philosophy, science, and democracy, however, today this cultural heritage intersects with a wave of innovation, fostering a unique blend of tradition and technology within the Greek startup ecosystem.
Greece’s startup ecosystem is rapidly gaining momentum, fueled by its strategic location, strong legacy in science and technology, and improving infrastructure. From Athens to Thessaloniki, startups in sectors like AI, blockchain, energy, and transportation are attracting attention from both local and international investors. With government support, a large network of incubators and accelerators, and a skilled talent pool, Greece’s startup scene is positioned for significant growth, establishing the country as a key player in the global innovation landscape.
Anticipating an exciting year for Greece in 2024, we have conducted extensive research to identify 10 highly promising Greek startups, all established from 2020 onward. Check them out below:
Agritrack: Athens-based Agritrack is an agriculture process automation platform that tracks quality from farm to fork, aiming to reduce food loss and food fraud. Founded in 2020 they aim to use their software to reduce complexity, optimise traceability and deliver improved food quality control. They have raised €380K in funding.
Billys: Athens-based Billys is a digital solution that modernises building management by providing transparency and security for both administrators and residents. Launched in 2022 with €805K, it aims to simplify the processes of settling utility debts and maintaining residential buildings. This allows users to efficiently handle financial matters, quickly address issues, and access a variety of services.
Bitloops: Athens-based startup at the forefront of developing specialized AI agents aimed at significantly boosting productivity. They create intelligent companions designed to contextualize tasks, produce production-ready code, and amplify skills. Founded in 2021, they have raised €165K to serve software developers by simplifying the conversion of design files into practical code.
Brive: Athens-based Brive, is committed to improving the student recruitment process by establishing connections between students and the global education landscape. Founded in 2020, they grant students access to thousands of bachelor’s and master’s programs worldwide, fostering free and informed choices. With the mission to provide a streamlined and enjoyable experience, they have raised €900K.
Cogitat: Neurotech firm Cogitat is developing a system that can translate human brain activity into actions without any physical movement. Founded in 2020, the company aims to address the limitations of current EEG software for wearables by providing a reliable and device-agnostic solution. Having raised over €580K from Innovate UK.
Harbor Lab: Founded in 2020, the Harbor Lab e-platform, is an end-to-end DA processing solution in the shipping industry. This Athens-based company is poised to revolutionize the shipping industry by streamlining and automating crucial processes. Backed by €6.1 million in funding, their software is designed to enhance the efficiency of internal disbursement departments in maritime companies.
Lambda Automata: Athens-based Lambda Automata is a developer of AI-first hardware and software for the age of autonomous defence. Founded in 2021, they have raised €6 million aming to safeguard one billion people in European democracies and allied nations, adapting to evolving warfare with autonomous, innovative technology for diverse security purposes.
Pop Market: Athens-based Pop Market is Greece’s fastest online grocery market, offering rapid delivery of a wide range of products, including fresh produce, daily essentials, and more. Founded in 2021 Pop has built end-to-end infrastructure with a hyper-local network of dark stores, incorporating data-driven sourcing and efficient last-mile delivery. They have raised €7.8 million in total.
Prosperty: Founded in 2020, Prosperty is an innovative proptech company offering tech-enabled real estate services. It delivers a digital-first experience for property portfolio investors and individuals, ensuring transaction integrity through thorough property inspections and data verification. Providing full support during the buying or rental process, this Athens-based company has secured €4.5 million.
WeatherXM: Backed by €4.6 million in funding, WeatherXM is set out to be the world’s first decentralized weather station. The Athens-based startup founded in 2020 by a team of engineers and weather scientists, is leveraging IoT and Web3 to build a global, community-powered network of millions of affordable weather stations.
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!
