Top 20 Startups in Austria: Innovators Paving the Way for the Future

 Top 20 Startups in Austria: Innovators Paving the Way for the Future

Austria, known for its rich cultural heritage and stunning landscapes, is also making waves in the startup world. The country’s burgeoning tech scene and supportive ecosystem have given rise to numerous innovative startups across various industries. Here, we explore the top 20 startups in Austria, detailing their industries, founders, years of foundation, and valuations.

1. Bitpanda

Industry: Fintech
Founders: Eric Demuth, Paul Klanschek, Christian Trummer
Year of Foundation: 2014
Valuation: $4.1 billion

Bitpanda is a digital investment platform that allows users to trade cryptocurrencies, precious metals, and stocks. Their user-friendly approach has garnered them a substantial user base and significant investment.

2. Runtastic

Industry: Health & Fitness
Founders: Florian Gschwandtner, Christian Kaar, Alfred Luger, René Giretzlehner
Year of Foundation: 2009
Valuation: Acquired by Adidas for $240 million

Runtastic develops fitness tracking apps and hardware products. Their innovative solutions help users track their workouts, set goals, and stay motivated on their fitness journeys.

3. TourRadar

Industry: Travel
Founders: Travis Pittman, Shawn Pittman
Year of Foundation: 2010
Valuation: $100 million

TourRadar is an online travel agency specializing in multi-day tours. Their platform connects travelers with tour operators worldwide, making it easy to find and book exciting adventures.

4. Refurbed

Industry: E-commerce
Founders: Kilian Kaminski, Peter Windischhofer, Jürgen Riedl
Year of Foundation: 2017
Valuation: $50 million

Refurbed is an online marketplace for refurbished electronic devices. Their mission is to promote sustainability by offering high-quality, renewed products at affordable prices.

5. PlanRadar

Industry: Construction Tech
Founders: Ibrahim Imam, Sander van de Rijdt, Domagoj Dolinsek
Year of Foundation: 2013
Valuation: $100 million

PlanRadar provides digital documentation, task management, and communication tools for construction and real estate projects. Their platform helps streamline processes and improve collaboration.

6. Anyline

Industry: AI
Founders: Lukas Kinigadner, Daniel Albertini, Jakob Hofer, Andreas Greilhuber
Year of Foundation: 2013
Valuation: $50 million

Anyline specializes in mobile data capture and text recognition using AI. Their technology enables users to scan and digitize information efficiently, improving data accuracy and accessibility.

7. Adverity

Industry: Marketing Tech
Founders: Alexander Igelsböck, Martin Brunthaler, Andreas Glänzer
Year of Foundation: 2015
Valuation: $120 million

Adverity offers a marketing data analytics platform that helps businesses optimize their marketing strategies. Their tools provide insights into campaign performance, allowing for data-driven decision-making.

8. GoStudent

Industry: EdTech
Founders: Felix Ohswald, Gregor Müller
Year of Foundation: 2016
Valuation: $3 billion

GoStudent is an online tutoring platform connecting students with teachers for one-on-one lessons. Their focus on personalized education has made them a leader in the EdTech space.

9. Nuki

Industry: Smart Home
Founders: Martin Pansy, Jürgen Pansy
Year of Foundation: 2014
Valuation: $70 million

Nuki develops smart lock solutions, allowing users to control their doors via smartphone. Their products enhance home security and convenience, making everyday life simpler.

10. Vienna Textile Lab

Industry: Biotech
Founders: Karin Fleck
Year of Foundation: 2017
Valuation: $10 million

Vienna Textile Lab produces sustainable textile dyes using bacteria. Their innovative approach aims to reduce the environmental impact of the textile industry.

11. USound

Industry: Audio Tech
Founders: Ferruccio Bottoni, Andrea Rusconi, Attilio Massimo Russo, Thomas Kleine-Besten, Bernhard Artmann
Year of Foundation: 2014
Valuation: $40 million

USound develops high-performance micro speakers for consumer electronics. Their technology enhances audio quality in devices like headphones, smartphones, and wearables.

12. Symflower

Industry: Software Testing
Founders: Andreas Grill, Bernhard Rieder, Thomas Plaikner
Year of Foundation: 2017
Valuation: $15 million

Symflower provides automated software testing solutions, helping developers identify and fix bugs faster. Their tools improve software quality and reduce development time.

13. Contextflow

Industry: Health Tech
Founders: Markus Holzer, Dieter Pfeifer, René Donner, Georg Langs
Year of Foundation: 2016
Valuation: $20 million

Contextflow uses AI to assist radiologists in interpreting medical images. Their technology enhances diagnostic accuracy and efficiency in healthcare settings.

14. Komptech

Industry: Clean Tech
Founders: Martin Weiss
Year of Foundation: 1992
Valuation: $100 million

Komptech manufactures machinery for waste processing and biomass production. Their solutions contribute to sustainable waste management and renewable energy generation.

15. leftshift one

Industry: AI
Founders: Daniel Mattes
Year of Foundation: 2017
Valuation: $30 million

leftshift one develops AI solutions for various industries, including finance, healthcare, and manufacturing. Their platform helps businesses automate processes and gain insights from data.

16. Greenstorm

Industry: E-commerce
Founders: Philipp Zimmermann, Richard Hirschhuber
Year of Foundation: 2016
Valuation: $40 million

Greenstorm offers an online platform for renting and selling electric bikes and cars. Their focus on sustainable mobility options has made them a leader in the green tech space.

17. Waterdrop

Industry: Consumer Goods
Founders: Martin Donald Murray, Christoph Hermann, Henry Wieser
Year of Foundation: 2017
Valuation: $60 million

Waterdrop produces compact beverage cubes that enhance the taste and nutritional value of water. Their innovative products promote healthier hydration habits.

18. Riddle & Code

Industry: Blockchain
Founders: Alexander Koppel, Tom Fuerstner
Year of Foundation: 2016
Valuation: $50 million

Riddle & Code offers blockchain-based solutions for secure data exchange and digital identity management. Their technology is used in industries like finance, logistics, and manufacturing.

19. Eversports

Industry: Sports Tech
Founders: Hanno Lippitsch, Michael Petritsch
Year of Foundation: 2013
Valuation: $25 million

Eversports provides an online booking platform for sports facilities and classes. Their service makes it easy for users to find and book sports activities in their area.

20. Startup300

Industry: Venture Capital
Founders: Bernhard Lehner, Michael Eisler, Helmut Moser, Reinhard Willfort
Year of Foundation: 2015
Valuation: $40 million

Startup300 is a startup ecosystem and investment platform that supports early-stage companies. Their network provides resources, mentorship, and funding to help startups grow.

Conclusion

Austria's startup ecosystem is flourishing, with companies across diverse industries driving innovation and growth. These top 20 startups exemplify the entrepreneurial spirit and technological prowess that Austria has to offer. From fintech and health tech to AI and e-commerce, these companies are making significant strides in their respective fields, showcasing the potential and dynamism of Austrian innovation. Keep an eye on these startups as they continue to expand and make a global impact.