Funding becomes more cautious with startups

Greek start-ups set a funding record in 2021 and raised more than $ 1 billion annually, proving to be “golden” at the international level for tech companies.

However, inflation over the past few months, rising borrowing costs, the looming recession, and geopolitical developments have created uncertainty not only among businesses but also among investors, the latter wisely managing startups’ capital. I’m giving you advice. Startups “need to move from the concept of growing at all costs to the inference of survival and prosperity,” Threshold Ventures partner Andreas Stavropoulos, a member of the TAIPED and Endeavor Greece boards, told Kathimerini. Told.

This environment is also reflected in the funding expected to be raised by Greek start-ups this year, showing a 20% -40% slowdown, despite strong sector momentum at the beginning of the year with a 49% acquisition. increase. According to the “2021 Greek Technology Ecosystem Insights and 2022 Forecast” survey conducted by Endeavor Greece, JP Morgan’s evaluation of Viva Wallet and its appearance as a unicorn.