CB Insights has released data about the most well-funded tech startups by country and it seems that Gjirafa.com (Kosovo/Albania) and Content Insights (Serbia) lead the pack as the most funded startups from Western Balkans.
The infographics highlight other tech startups from more developed European countries like Ireland (Future Finance), Spain (Cabify), and Denmark (Trustpilot), to name a few which have at least one tech startup that has raised $100M+ to date.
According to CB Insights, one of the least well-known but certainly notable startups in Europe is the Czech Republic’s cybersecurity player AVAST Software, which has raised $100M and is valued at $1B. Also, a payments company Adyen in the Netherlands has raised $266M and has a valuation of $2.3B.
The report excludes debt funding and includes only VC-backed companies that have raised at least $1M of equity funding to date. Companies that haven’t raised since 2014 were not considered.
With these criteria for selection, sixteen countries are excluded from the mapping including Vatican City, Liechtenstein, and others. The least well-funded startup in the infographic is in Slovakia: the online ID & password management company SaferPass, with $1M in equity funding. The most well-funded startup is Spotify in Sweden, with $2.3B of equity funding to date.