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Startup Report 2018 presented: Successful funding year for Austrian startups

Florian Kandler © Florian Kandler

This was clearly shown by the “Startup Report Austria 2018” issued annually by GetFunding.how, which analyzes Austrian funding activities in a detailed year-on-year comparison. The assessment is carried out by the serial entrepreneur and startup expert Florian Kandler. “There were more deals in 2018 than ever before”, Kandler stated. The top ten startups benefitted from more investments than all startups in the year 2017 combined. According to Kandler’s Startup Report, a total of EUR 133 million was invested in domestic startups in 2017. This amount significantly increased in 2018 to EUR 238 million. On balance, a total of 101 financing rounds of at least EUR 250,000 each took place. The eleven largest rounds of financing generated about EUR 145 million.

In particular, investments in the Viennese travel startup Tourradar of EUR 42.5 million contributed to this increase. The second largest financing round was for the Carinthian video streaming startup Bitmovin, which generated EUR 24.4 million in funding. The number of deals in the EUR 1-2 million range also rose. This is considered to be particularly difficult, because this amount is frequently too large for business angels and too small for venture capital companies.

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