Venture Capital - Greece

Greece

Highlights

Greece is expected to see the Total Capital Raised in the Venture Capital market market reach US$25.83m in 2024.
The Early Stage market is set to dominate the market withGreece, with a projected market volume of US$20.82m in 2024.
When compared globally, the United States is anticipated to generate the most Capital Raised, amounting to US$136.6bn in 2024.
Greece's Venture Capital market is showing resilience, with a growing interest in tech startups despite economic challenges.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Venture Capital market in Greece has been experiencing significant growth and development in recent years.

Customer preferences: Investors in the Greek Venture Capital market are increasingly attracted to sectors such as technology, healthcare, and renewable energy. This is due to the potential for high returns on investment and the growing importance of these sectors in the global economy. Additionally, there is a strong focus on startups and early-stage companies, as investors seek to identify and support innovative ideas with the potential for rapid growth.

Trends in the market: One of the key trends in the Greek Venture Capital market is the increasing number of foreign investors entering the market. This is driven by a combination of factors, including the improving economic conditions in Greece, the availability of attractive investment opportunities, and the government's efforts to attract foreign capital. As a result, there has been a significant increase in the amount of venture capital funding available to Greek startups and early-stage companies. Another trend in the market is the rise of crowdfunding platforms as a source of funding for startups. These platforms provide a way for entrepreneurs to raise capital from a large number of individual investors, often with relatively small amounts of money. This has democratized the funding process and opened up new opportunities for Greek entrepreneurs who may have struggled to secure traditional venture capital funding.

Local special circumstances: Greece has a vibrant entrepreneurial ecosystem, with a strong culture of innovation and entrepreneurship. This is supported by a number of initiatives and programs aimed at fostering the growth of startups and early-stage companies. For example, the Greek government has launched various initiatives to support entrepreneurship and innovation, including tax incentives for investors and the establishment of startup incubators and accelerators.

Underlying macroeconomic factors: The improving macroeconomic conditions in Greece have played a significant role in the development of the Venture Capital market. After a period of economic crisis, Greece has made significant progress in stabilizing its economy and implementing structural reforms. This has boosted investor confidence and created a more favorable environment for venture capital investment. Furthermore, Greece's membership in the European Union has provided access to a larger market and increased opportunities for collaboration and cross-border investment. The EU's support for entrepreneurship and innovation has also had a positive impact on the Greek Venture Capital market, with various funding programs and initiatives available to Greek startups and early-stage companies. In conclusion, the Venture Capital market in Greece is experiencing strong growth and development, driven by factors such as customer preferences for technology and innovation, the increasing number of foreign investors, the rise of crowdfunding platforms, and the supportive local special circumstances. These trends are supported by the improving macroeconomic conditions in Greece and the country's membership in the European Union.

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on the amount of capital raised, the average of deal size and the number of deals.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use data from OECD, annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, CPI, number of small and medium-sized enterprises (SME), new businesses registered (number) . This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.