These Are the Central and Eastern European Soonicorns of 2023
Summary
Startups with $1B+ valuations included Bulgarian fintech Payhawk, Czech enterprise software company Productboard, and Croatian automaker Rimac Automobili. We selected startups with an estimated valuation between $200-950M, the last funding year being at least 2017, and with headquarters or founding place in Bulgaria, Romania, Greece, Western Balkan countries, The Czech Republic, or Poland. So far, the accelerating Greek tech startup ecosystem has produced two unicorns: learning certification company PeopleCert and neobank Viva Wallet, which recently completed its partial acquisition by JP Morgan. Last round: £130M in debt and £130M from VCs in August 2022 Solution: A SaaS-based property management system that simplifies hotel operations, from reservations to payments and others. Last round: Support program from Tech Nation and a Series B of $80M in 2021 Solution: A beauty marketplace for finding, scheduling, and managing appointments, enabled by a SaaS mobile app.