📅 Last Updated: January 17, 2026 | New Austria startups added weekly
Looking for recently funded Austria startups? You’re in the right place. Austria startups are transforming Central Europe’s innovation landscape, with the country’s tech ecosystem now valued at over €15 billion. Austria startups raised a record €891 million ($974 million USD) in 2024, establishing the nation as a rising force in European technology and innovation.
Our team tracks Austria startup funding announcements every week, maintaining the most comprehensive database of verified contacts, funding details, and company intelligence. Below, you’ll find recently funded Austria startups with actionable data you can use today.
👉 Jump to the List of Funded Austria Startups
Quick Stats: Austrian Startup Funding in 2025
- 📍 Major hubs: Vienna, Graz, Salzburg, Linz
- 💰 Total funding 2024: €891 million ($974M USD) across 145+ deals
- 🏢 Austria Startups tracked: 179 companies in our database
- 📈 Growth rate: 42% increase year-over-year
- 🎯 Top sectors: FinTech (31%), DeepTech (26%), AI/ML (22%)
Table of Contents
Why Austria Startups Lead Central Europe
Austria startups have rapidly emerged as leaders in Central Europe’s most dynamic tech ecosystem. The nation’s tech sector now employs over 75,000 people and contributes more than €8.5 billion annually to the Austrian economy. Several factors drive momentum for Austria startups:
- Strategic Geographic Position: Austria startups serve as a bridge between Western and Eastern European markets, with Vienna positioned at the crossroads of the EU, CEE, and Balkan regions
- Strong Government Support: Austria offers Europe’s most generous R&D tax credit at 14%, plus programs like the Austrian Research Promotion Agency (FFG) funding and aws (Austria Wirtschaftsservice) startup support
- World-Class Technical Education: Austrian universities like TU Wien, TU Graz, and Johannes Kepler University Linz produce thousands of highly skilled engineering graduates annually who fuel Austria startups
- Quality of Life Advantage: Vienna consistently ranks as one of the world’s most livable cities, helping Austria startups attract international talent while maintaining lower operational costs than Western European hubs
- Deep Industry Roots: Austria’s traditional strength in manufacturing, engineering, and life sciences provides Austria startups with unique B2B opportunities and industrial partnerships
According to the Austrian Startup Monitor 2024, the ecosystem is projected to create over 15,000 new jobs by 2027, reinforcing the position of Austria startups as Central European innovation leaders.
Recently Funded Startups in Austria
Below is our curated database of recently funded Austrian startups. This data is updated weekly and sourced from Crunchbase, EU funding databases, direct company announcements, and Austrian economic ministry reports.
| Name | Website | Industry | Country | Funding Amount (USD) | Funding Type | Last Funding Date |
|---|
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Austrian Startups at a Glance
- Number of Austrian startups in our database: 210
- Number of verified email addresses in our database: 286
- Number of social profiles in our database: 489
- Other data points stored: 3,005
- Total funding raised in 2025: $432,612,495
- Total funding raised in 2026: $0
*Other funding includes private equity, debt financing, and various other types of capital.
| Industry | % of Total Funding | Notable Rounds |
|---|---|---|
| FinTech | 31% | €277M total |
| DeepTech | 26% | €232M total |
| AI/ML | 22% | €196M total |
| HealthTech | 12% | €107M total |
| Other | 9% | Various stages |
Top Industries for Austria Startups
FinTech Excellence
Austria startups have established the country as Central Europe’s FinTech powerhouse, with Vienna emerging as one of the region’s top 5 FinTech hubs. FinTech startups in Austria raised over €277 million in 2024, representing 31% of all startup funding. The sector benefits from Austria’s strong banking heritage, proximity to CEE markets, and supportive regulatory framework through the Austrian Financial Market Authority (FMA).
Major success stories among Austria startups include Bitpanda (crypto trading platform, valued at €4.1 billion), Raiffeisen Digital (digital banking), and wikifolio (social trading platform). The ecosystem continues to produce innovative companies in payments, wealth management, insurtech, and regulatory technology. Vienna’s FinTech hub now employs over 5,000 people across 200+ companies.
DeepTech & Industrial Innovation
Austria startups in DeepTech captured €232 million in funding during 2024, leveraging the country’s traditional manufacturing and engineering expertise. Austria startups in this sector benefit from world-class research institutions and close industry partnerships. The Austrian Research Promotion Agency (FFG) provides substantial R&D funding, having invested over €600 million in technology innovation in 2024.
The sector includes Austria startups like TTTech (automotive electronics), Silent Power (fuel cell systems), and TriLite Technologies (laser projection systems). Austria’s strength in automation, robotics, and industrial IoT creates unique opportunities for Austria startups serving B2B markets across Europe.
Artificial Intelligence & Machine Learning
AI startups in Austria raised €196 million in 2024, with particular strength in industrial AI, computer vision, and natural language processing for multiple European languages. Austria startups benefit from strong computer science programs at TU Wien and TU Graz, both ranked among Europe’s top technical universities.
Notable Austria startups include Mostly AI (synthetic data generation), Contextflow (medical AI), and 0x AI (industrial automation). The Austrian government’s AI strategy and the €100 million AI research fund demonstrate strong policy support for continued growth among Austria startups in this critical sector.
HealthTech & MedTech
HealthTech startups in Austria raised €107 million in 2024, building on Austria’s strong pharmaceutical and medical device heritage. Austria startups in this sector span digital therapeutics, medical diagnostics, healthcare IT, and biotechnology.
Success stories include Themis Bioscience (vaccines, acquired by Merck), mySugr (diabetes management, acquired by Roche), and Drops (medical imaging AI). Austria’s universal healthcare system and established medical device industry provide both validation pathways and commercialization expertise for Austria startups.
Explore More Funded Startups by Industry
Looking for startups in other sectors? Check out our comprehensive lists:
- B2B SaaS Startups – Software companies serving business customers
- E-commerce Startups – Digital retail innovators
- CleanTech Startups – Environmental technology solutions
- Cybersecurity Startups – Information security companies
- Recently Funded Startups – Latest funding announcements across all industries
Austria Startup Hubs: City-by-City Breakdown
Vienna: Austria’s Innovation Capital
Vienna dominates the Austrian startup landscape, accounting for approximately 65% of all venture capital investment. The city’s advantages include central European location, excellent quality of life, multilingual talent pool, and the largest concentration of venture capital firms in Austria. Vienna ranked #1 globally for quality of life in the 2024 Economist Intelligence Unit survey.
Key Vienna startup districts include the first district (financial services), the seventh district (creative tech), and the Seestadt Aspern development (emerging tech hub). Major companies headquartered in Vienna include Bitpanda (crypto, valued at €4.1 billion), Runtastic (fitness, acquired by Adidas for €220 million), and N26 (with major Austrian operations).
The Vienna Business Agency (Wirtschaftsagentur Wien) provides comprehensive support including funding, office space, and mentorship programs specifically designed for Austria startups.
Graz: Engineering & DeepTech Hub
Graz has emerged as Austria’s second-largest startup ecosystem, known for its strength in automotive technology, industrial automation, and engineering-focused deeptech. The city raised approximately €145 million across 35+ deals in 2024, representing 16% of national startup funding.
Graz’s advantages include TU Graz (one of Europe’s top engineering schools), lower operational costs than Vienna, and proximity to major automotive manufacturers. Notable Graz-based Austria startups include AVL (automotive testing), TTTech (automotive electronics), and Silicon Austria Labs (semiconductor research).
The Science Park Graz and the Innovation Hub Graz provide critical infrastructure and support for early-stage Austria startups.
Salzburg: Creative & Tourism Tech
Salzburg’s startup ecosystem focuses on tourism technology, creative industries, and digital marketing, leveraging the city’s status as one of Europe’s top tourist destinations. Austria startups in Salzburg raised €52 million in 2024, with particular strength in hospitality tech and experience design.
Notable Salzburg companies include Tractive (pet GPS tracking), Bikemap (cycling navigation), and SevenOne Media Austria (digital media). The Startup Salzburg initiative and Innovation Hub Salzburg provide ecosystem support.
Linz: Manufacturing & Industrial IoT
Linz has established itself as a center for industrial technology and manufacturing innovation, with Austria startups raising €41 million in 2024. The city leverages Upper Austria’s industrial heritage and Johannes Kepler University’s strong engineering programs.
Notable Linz-based Austria startups include Fronius (welding technology), Fill (automation systems), and several emerging industrial IoT companies. The Tabakfabrik Linz innovation center anchors the local startup community.
Austrian Startup Funding Trends
Early-Stage Momentum
Austrian startups raised significant seed funding in 2024, with rounds ranging from €500,000 to €3 million. The median seed size increased to €1.2 million, up from €800,000 in 2023, reflecting stronger angel investor networks and more active early-stage funds.
Notable seed rounds include AI-powered solutions for industrial automation, FinTech applications targeting CEE markets, and HealthTech platforms addressing European regulatory requirements. The Austrian government’s aws First program provides up to €200,000 in non-dilutive funding to complement private seed investment.
Series A Growth
Austrian startups successfully closed multiple Series A rounds in 2024, with rounds ranging from €5 million to €25 million. The median Series A size reached €12 million, indicating investor confidence in proven business models and European market traction.
Notable Series A rounds include FinTech companies expanding across CEE, B2B SaaS platforms serving enterprise customers, and industrial technology companies scaling production. International investors increasingly participate in Austrian Series A rounds, recognizing the country’s ability to produce technically excellent, capital-efficient companies.
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Government Support & Incentives
The Austrian government provides substantial support for startups through multiple programs:
- R&D Tax Credit: Austria offers Europe’s most generous R&D tax credit at 14%, providing critical cash flow support for innovation-driven Austria startups
- aws (Austria Wirtschaftsservice): Provides grants, loans, and guarantees for startups at all stages, with total funding exceeding €150 million annually
- Austrian Research Promotion Agency (FFG): Offers R&D grants and funding for technology development, investing over €600 million annually
- aws First Program: Provides up to €200,000 in non-dilutive funding plus coaching for very early-stage startups
- Vienna Business Agency: City-level support including subsidized office space, funding, and business development assistance
Austria also offers favorable immigration policies for startup founders and key employees through the Red-White-Red Card system, making it easier for Austria startups to attract international talent.
How Austria Compares to European Startup Ecosystems
Austria vs. Germany
While Germany raised significantly more total capital (€10.4 billion vs. Austria’s €891 million in 2024), Austria demonstrates competitive performance on a per-capita basis. Germany excels in late-stage funding and unicorn production, while Austria shows particular strength in capital efficiency and technical excellence.
Austria startups benefit from lower operational costs (Vienna costs 60% less than Munich for similar talent), less competition for investor attention, and unique access to CEE markets. German investors increasingly look to Austria for technical talent and efficient growth companies. Many successful Austria startups establish German offices when targeting the broader DACH region.
Austria vs. Switzerland
Switzerland’s startup ecosystem raised CHF 2.8 billion in 2024 (approximately €2.7 billion), roughly 3x Austria’s total. However, Austria offers significant advantages for certain startup types: more affordable talent, better access to CEE markets, higher R&D tax credits, and less competitive fundraising environment.
Switzerland excels in life sciences and deeptech with access to large corporate partners, while Austria demonstrates strength in industrial tech and FinTech. Geographic proximity allows Austria startups to access Swiss investors and markets while maintaining Austrian cost advantages. Several successful companies maintain dual Austria-Switzerland operations.
Austria vs. Major European Hubs: By The Numbers
| Country/City | 2024 Funding | Unicorns | Top Industry | Cost Index |
|---|---|---|---|---|
| Austria | €891M | 2 | FinTech | 100 |
| Germany | €10.4B | 32 | AI/ML | 145 |
| Switzerland | CHF 2.8B | 11 | Life Sciences | 168 |
| Finland | €1.2B | 7 | Gaming/SaaS | 118 |
| Belgium | €1.5B | 4 | HealthTech | 112 |
The Austrian Startup Support System
Key Accelerators & Incubators
Austria’s accelerator ecosystem provides critical early-stage support:
- Pioneers Ventures: Austria’s leading accelerator and VC, has backed over 100 companies and organizes major startup events including Pioneers Festival
- aws First Incubation: Government-backed program providing €200,000 funding plus intensive coaching for very early-stage startups
- Startup Live: Weekend startup events and acceleration programs across Austria
- accent Incubator: Focus on tech transfer and university spinoffs, particularly strong in life sciences and deeptech
- Impact Hub Vienna: Community-driven space supporting social entrepreneurs and impact-focused Austria startups
Venture Capital Landscape
Austria’s VC ecosystem has grown significantly, with over 40 active venture capital firms managing approximately €1.2 billion in assets under management. Key investors include:
Early Stage:
- Speedinvest – Vienna-based, Europe’s most active early-stage VC with focus on DeepTech
- Calm/Storm Ventures – Focus on B2B software and industrial tech
- Elevator Ventures – Raiffeisen-backed FinTech specialist
Late Stage:
- 3TS Capital Partners – Growth equity focused on software and tech-enabled services
- APEX Ventures – Life sciences and healthcare specialist
- UNIQA Ventures – Corporate VC focused on insurtech and related sectors
International investors including Cherry Ventures, Index Ventures, and Earlybird Venture Capital are increasingly participating in Austrian rounds, validating the ecosystem’s maturity.
Key Industry Associations & Networks
- Austrian Startups: National association representing 2,000+ startups and ecosystem stakeholders
- FinTech Austria: Industry association for FinTech companies with 100+ members
- Life Science Austria: Network for life sciences and healthcare startups
- AI Austria: Community for artificial intelligence companies and researchers
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- Funding amount ranges
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Frequently Asked Questions About Austrian Startups
What makes Austria’s startup ecosystem unique?
Austria’s startup ecosystem benefits from several unique advantages: strategic location at the crossroads of Western and Eastern Europe providing access to both EU and CEE markets, Europe’s most generous R&D tax credit at 14%, world-class technical universities (TU Wien, TU Graz) producing engineering talent, Vienna’s #1 global ranking for quality of life helping attract international talent, and deep industrial heritage providing B2B opportunities in manufacturing and automotive sectors. Despite having only 9 million people, Austria has produced 2 unicorns (Bitpanda, GoStudent) and maintains highly capital-efficient growth companies.
How much funding do Austrian startups typically raise?
Austrian startup funding varies by stage and sector. Seed rounds typically range from €500,000 to €3 million, with the median at €1.2 million in 2024. Series A rounds average €12 million, while Series B and later rounds range from €20-50 million. FinTech and DeepTech companies typically raise larger rounds due to regulatory requirements and R&D intensity. Total Austrian startup funding reached €891 million in 2024, a 42% increase from 2023.
Which Austrian cities have the strongest startup ecosystems?
Vienna dominates with 65% of national venture capital investment, offering central European location, quality of life advantages, and the largest VC presence. Graz accounts for 16% of funding with strength in automotive tech, industrial automation, and engineering-focused deeptech. Salzburg focuses on tourism technology and creative industries with 6% of funding. Linz captures 5% focusing on manufacturing tech and industrial IoT. Vienna consistently ranks as one of the world’s most livable cities, helping Austria startups attract international talent at lower costs than Western European hubs.
What government programs support Austrian startups?
Austria offers comprehensive startup support: 14% R&D tax credit (Europe’s highest), aws (Austria Wirtschaftsservice) providing grants and loans exceeding €150 million annually, Austrian Research Promotion Agency (FFG) investing over €600 million in technology development, aws First program offering up to €200,000 non-dilutive funding for very early-stage companies, and Vienna Business Agency city-level support including subsidized office space. The Red-White-Red Card immigration program facilitates hiring international talent, making it easier for Austria startups to build diverse teams.
How can I connect with recently funded Austrian startups?
The most effective approach is reaching out immediately after funding announcements when Austria startups are actively seeking vendors, tools, and services. Growth List maintains a database of 179 Austrian startups with 244 double-verified email addresses and detailed contact information for CEOs and decision-makers. We send weekly updates of recently funded Austria startups directly to subscribers. Sign up to receive 100 leads free and gain access to funding amounts, company details, verified contact information, and LinkedIn profiles.
What are Austria’s most successful startup exits?
Austria has produced several significant exits demonstrating ecosystem maturity: Runtastic (fitness app) acquired by Adidas for €220 million in 2015, mySugr (diabetes management) acquired by Roche for over €100 million in 2017, Shpock (classifieds marketplace) acquired by Schibsted for €206 million in 2020, and Themis Bioscience (vaccines) acquired by Merck in 2017. Currently, Bitpanda leads as Austria’s highest-valued startup at €4.1 billion following its 2021 Series C round. These exits validate the ability of Austria startups to build globally competitive companies.
Related Startup Ecosystems
Exploring startup ecosystems beyond Austria? Check out our other comprehensive country and city guides:
Central & Eastern Europe
- Recently funded startups in Germany
- Recently funded startups in Switzerland
- Recently funded startups in Finland
- Recently funded startups in Belgium
Major European Hubs
- Recently funded startups in Berlin
- Recently funded startups in London
- Recently funded startups in France
- Recently funded startups in the UK