Startups draw venture capital funds

Startups draw venture capital funds

Greek startups are among the beneficiaries from the intense activity of venture capital funds in the first half of 2021.

According to a report by FactSet, venture capital funds invested more in H1 2021 (€280 billion globally and €50 billion in Europe) than in the whole of 2020 (€275 billion globally and €38 billion in Europe).

More than 70% of the invested capital in Europe went to five countries – the UK, Italy, Germany, France and Sweden – but, as FactSet notes, smaller rising markets such as Croatia, Greece and Romania are gaining ground.

Among Greek startups, car rental service FlexCar drew €50 million, health tech company Intelligencia raised €12 million, Index Ventures, Pentech Ventures and the European Bank for Reconstruction and Development (EBRD) invested in software firm Causaly, and Vista Equity Partners bought a minority stake in learning platform Schoox.

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