Observed Signal · Dec 12, 2022 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Austrian Startup Investments Headed for €1 Billion in 2022
According to Trending Topics' 2022 Investment-Tracker, Austrian startups and scale-ups had raised at least €980 million in disclosed financing rounds by December 12, 2022, with the total likely to reach the €1 billion mark once smaller and undisclosed rounds are included. The figure is below the record €1.23 billion raised in 2021 but significantly above the €220 million invested in 2020. As in the previous year, two companies dominated the funding volume: GoStudent secured €300 million and TTTech Auto €250 million, together accounting for more than half of the annual total. Eight other Austrian scale-ups, including PlanRadar, Waterdrop, byrd, Storyblok, Mostly AI, Ribbon Biolabs, Pimcore, and Prewave, each raised over €10 million. The slowdown reflects a broader European trend, with venture investments expected to reach approximately $85 billion in 2022, down from more than $100 billion in 2021 and with two-thirds fewer new unicorns.
Near-record €1 billion in annual Austrian startup funding signals continued but slowing European VC activity; relevant to the tech ecosystem but regional and not an industry-shifting major platform or earnings event.
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Key Takeaways & Evidence Grounding
- As of December 12, 2022, Austrian startups and scale-ups had raised at least €980 million in 2022.
- Including smaller and unspecified rounds, 2022 investment volume is expected to reach about €1 billion.
- GoStudent (€300M) and TTTech Auto (€250M) together accounted for more than half of the 2022 total, at €550 million.
- In 2021, Austrian startups raised about €1.23 billion, with Bitpanda and GoStudent contributing €652 million.
- European tech investments declined to around $85 billion in 2022 from over $100 billion in 2021, while new unicorn creation fell by two-thirds.
Connected Companies & Entities
6 Entities mapped“Trending Topics tracks all published financing rounds in its 2022 Investment-Tracker....”
“Both Trending Topics and the consultancy EY arrived at around €1.23 billion for Austrian startup investments in 2021....”
“Bitpanda and GoStudent together raised €652 million in 2021, more than half of Austria's total investment volume....”
“Storyblok was one of eight Austrian scale-ups that raised more than €10 million in 2022....”
“Pimcore was one of eight Austrian scale-ups that raised more than €10 million in 2022....”
“Mostly AI was one of eight Austrian scale-ups that raised more than €10 million in 2022....”
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