In spite of the coronavirus crisis, 2020 turned out to be a record year for startups with respect to investments.
According to the new EY Start-up-Barometer, a total of 6,700 rounds of financing were held, an increase of 58 percent from the previous year. Financing volume rose 17 percent to about € 36.5 billion. The report concluded that the rounds of financing were up 65 percent in Austria in 2020 to the record level of 212 million. Austria is ranked 16th in financing volume in a European comparison. In Vienna, investment volumes increased from € 140 million to about € 177 million compared to the prior-year level. As a result, Vienna rose in the rankings and is now in the group of the top 20 locations in Europe, improving from 23rd to 16th place.
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