EY: Investments in Austrian start-ups plummet

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Investments in domestic start-ups rose by a fifth to 298 million euros in the first half of 2024 went back. The number of financing rounds falls 70 — the lowest figure since 2019.

Salzburger Nachrichten

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Not least due to a faltering economy and rising interest rates, the golden years for the local startup scene are at least temporarily over. The total value of investments in Austrian startups fell by about a fifth in the first half of 2024 to 298 million euros, according to a recent startup barometer from consulting firm EY. This is the second-lowest volume within a half-year since 2020.

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The number of financing rounds fell by a quarter in the first half of the year. Smaller deals in particular fell sharply.