The number of Austrian startups has more than doubled in the last year, this is due to the growing business spirit within the country, as well as the ever increasing presence of venture capital within the country. In particular, the country's capital of Vienna is the premium hotbed for startups in Austria. This blend of factors has led to a number of top startups coming out of Austria.
1. Fasal
Year Founded: 2021
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Ananda Verma
Fasal, or otherwise known as Fasal, Inc. is an agriculture technology company from Austria. The startup operates within the artificial intelligence and horticulture sectors aiming to make cultivating crops an easier process. Fasal uses artificial intelligence to track and document different growing conditions to then make predictions for the crop on the farm. The science driven data can then be sent to a device for the grower to access, therefore allowing them to make decisions on how best to grow their crops. The microclimate is monitored so the farmer can improve the efficiency of growing crops and reduce water usage, amount of pesticides, non sustainable energy usage etc.
This startup was founded in 2021 by Ananda Verma and has its headquarters in Vienna, Wien, Austria. The company currently employs between one and ten individuals. Fasal has completed at least one funding round, which took place in September 2021.
2. Ettico
Year Founded: 2021
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Alexander Eckhart
The next one on our list of Austrian startups to watch in 2022 is the artificial intelligence company Ettico. It goes by many names including ettico, ettico labs, ettico tech, ettico group, and etti.co. The company offers AI to their customers, for them to use in their businesses, to help support growth. It offers this technology to its customers with the promise of no-code, meaning people can use it without expert computer coding knowledge or experience. The AI is meant to create more revenue and an easier platform for businesses' customers.
The Austrian startup was founded in 2021 by Alexander Eckhart and there are currently between one and ten employees within the company. The headquarters are located in Vienna, Wien, Austria.
3. Fretello
Year Founded: 2016
HQ: Linz, Oberosterreich, Austria
Size: 11-50
Founders: Florian Lettner, Wolfgang Damm
Fretello is a technology startup from Austria that works through an app. The company was designed as a platform for learning to play the guitar, made by guitarists. Fretello claims to be teaching the true way to play, rather than just teaching the odd couple of songs. The combination of real educational experts and artificial intelligence technology allows users to continually improve. The teaching methods are created for the best and most passionate and real way of learning.
Fretello was founded by Florian Lettner and Wolfgang Damm in 2016. Linz, Oberosterreich, Austria is where the headquarters are for the company with an employee size of between eleven and fifty employees. Since 2016, the Austrian startup has completed five funding rounds, raising $1M with three investors.
4. Audvice
Year Founded: 2018
HQ: Puch Bei Hallein, Salzburg, Austria
Size: 1-10
Founders: Sophie Bolzer
Another technology startup to watch in Austria this year is Audvice. Audvice is an online platform for businesses to share information through. The unique selling point is that the information can be shared through voice; voice recordings allow colleagues to communicate with a better understanding through tone of voice, suggested emotions and space to be more informal. This way of communicating is meant to be more effective and enables messages to be shared and received on the go.
The company was founded in 2018 by Sophie Bolzer and the team is currently made up of between one and ten individuals. Audvice's headquarters are located in Puch Bei Hallein, Salzburg, Austria. This Austrian startup has completed multiple funding rounds, both pre-seed and seed rounds with six investors.
5. neoom group
Year Founded: 2018
HQ: Freistadt, Oberosterreich, Austria
****Size: 51-100
Founders: Walter Kreisel
Neoom group is an Austrian clean technology startup. The company is trying to solve the challenges we have with greener, more sustainable energy sources. Since we are moving away from traditional ways of generating energy and moving towards renewable energy, any problems that arise such as the fluctuations of energy available, need to be resolved. Neoom group is providing battery storage solutions which are cheap, safe and functional.
Neoom group has a headquarter base in Freistadt, Oberosterreich, Austria and employs between fifty one and one hundred members. It was founded in 2018 by Walter Kreisel and has since completed three funding rounds. These funding rounds took place between June 2018 and March 2021, raising an impressive €15.3M with ten investors.
6. Inoqo
Year Founded: 2020
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Bernhard Schandl, Doris Wimmer, Elisa Gramlich, Helene Saurais, Markus Linder, Simon Haberfellner
Inoqo, the next one on the Austrian startups lists to watch in 2022, is another clean technology company. Inoqo works in the green technology, apps and sustainability sectors helping its users to be more environmentally conscious. The mobile app the company offers, allows users to monitor the environmental impact their food shopping has. The technology can work out the CO2 produced by the food being bought and can actively support the shopper to reduce their carbon footprint by suggesting alternatives.
Bernhard Schandl, Doris Wimmer, Elisa Gramlich, Helene Saurais, Markus Linder and Simon Haberfellner founded the company in 2020 and it now employs between eleven and fifty people. The headquarters are located in Vienna, Wien, Austria. In two funding rounds, the startup has made $2.4M.
7. Metriox
Year Founded: 2018
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Michael Stark
Metriox is an Austrian startup company working in the green technology, big data, fleet management, software and public transport industries. The company works to turn data into information and digitising objects to help businesses improve their customers' experience, and make the business more efficient. The tools they offer can also detect faults quickly so you can fix them before customers notice.
The Austrian startup was founded in 2018 by Michael Stark. The headquarters are based in Vienna, Wien, Austria and the company currently employs between one and ten individuals. In 2019 the company completed one funding round raising €100K.
8. Green4Cities GmbH
Year Founded: 2014
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Doris Schnepf
Green4Cities GmbH (or Green4Cities) is pretty well-known among Austrian startups developing green infrastructure. The company operates within the clean technology, green technology and environmental engineering industries. Green4Cities designs and develops plans for city infrastructure; unique designs are created for product infrastructure and or planning services. Some of the company's consulting projects resemble an almost utopian vision, designed to take our cities into a more sustainable future.
Green4Cities was founded in 2014 and one of the co-founders is Doris Schnepf. The startup currently employs between one and ten individuals and has its headquarters based in Vienna, Wien, Austria. In July 2015, the company completed one funding round, raising €50K through one investor.
9. Tausendundein Dach
Year Founded: 2014
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Cornelia Daniel, Martin Lackner
Tausendundein Dach is another Austrian tech startup to watch this year; the company operates within the clean technology, renewable energy, B2B and solar industries. Tausendundein Dach has been working on a goal to get 1001 roofs to have photovoltaic systems. The company works not just in installing the photovoltaic systems, but also in providing economic advice, planning, construction and marketing support.
Currently, Tausendundein Dach employs between eleven and fifty individuals. The startup also known as Dachgold was founded in 2014 by Cornelia Daniel and Martin Lackner. Tausendundein Dach's business to business support enables a more sustainable future to be attained. The headquarters are based in Vienna, Wien, Austria.
10. Knoyd
Year Founded: 2015
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Juraj Kapasny, Lukas Toma
The next on our Austrian startups list is Knoyd. This is a company working within the artificial intelligence, big data and education technology sectors. Knoyd is working with both sides of the data science industry, bridging the gap between professionals and companies. Those looking for a job within data science can use Knoyd and so can companies that want to use a data science solution within the business. The startup offers multiple tools including autopricing software to help increase profit.
The company was founded by Juraj Kapasny and Lukas Toma in 2015. Knoyd has its headquarters located in Vienna, Wien, Austria, with an employee size of between one and ten people.
11. CASHY
Year Founded: 2018
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Florian Sulzer, Patrick Scheucher
CASHY is a fintech startup from Austria operating in financial services. Cashy allows its users to get money for old unused items, or just anything they want to swap in. It can be done as a sale or as a pawn, but the company will buy lots of items including cars, phones, tablets, bikes, luxury watches and much more. If a customer wants to sell an item but can't see the option to sell that type of item on the site, they are able to contact CASHY via Whatsapp for a response.
CASHY was founded in 2018 by Florian Sulzer and Patrick Scheucher and the business now employs between eleven and fifty employees. The headquarters are located in Vienna, Wien, Austria. Two funding rounds have been completed so far, one of which took place in March 2021 and the second in February 2022 and in total raised $1.9M.
12. Blockpit GmbH
Year Founded: 2017
HQ: Linz, Oberosterreich, Austria
Size: 11-50
Founders: Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Magnus Berchtold, Mathias Maier, Patric Stadlbauer, Vladimir Tosovic
Blockpit GmbH or otherwise known as Blockpit is a blockchain fintech startup operating within the accounting, cryptocurrency and personal finance sectors. The company has created SaaS (software as a service) technology that can track and analyse digital assets. Claiming to make crypto tax easier to calculate the software enables users to work it out in a matter of minutes, reducing risk in terms of compliance.
The founders are Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Magnus Berchtold, Mathias Maier, Patric Stadlbauer and Vladimir Tosovic and the startup was founded in 2017. Since then, the company has raised $12.7M in three funding rounds between September 2018 and July 2021. The company's headquarters are in Linz, Oberosterreich, Austria.
13. hi.health
Year Founded: 2019
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Fredrik Debong, Sebastian Gruber
The next startup to watch in 2022 is hi.health. This is another one in line of the many marvellous fintech Austrian startups, although it works more specifically within the health care, insurtech and information technology industries. The company offers its customers with either an online website or app to access healthcare bills safely. Private healthcare is insured through hi.health already for thousands of customers.
In 2019, Fredrik Debong and Sebastian Gruber founded hi.health which now employs between eleven and fifty people. The headquarters are based in Vienna, Wien, Austria for the fintech startup. Three funding rounds have also raised $1M for the company, with seven investors.
14. Finabro
Year Founded: 2016
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Oliver Lintner, Søren Obling
Finabro is another Austrian startup working in the financial services and fintech sectors. Finabro is a platform for its customers to use for saving and investing. The site can tailor investment depending on the customers needs and wants, whilst doing so safely and in a 'tax optimised way'. It is designed to be a cost-effective way of saving and making money for the users.
Finabro was founded by Oliver Lintner and Søren Obling in 2016. The headquarters are in Vienna, Wien, Austria for the company with an employee size of between one and ten individuals. In two funding rounds between 2017 and 2022, the startup has raised €5.6M.
15. Coinpanion
Year Founded: 2019
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Aaron Penn, Alexander Valtingojer, Matthias Zandanel, Saad J. Wohlgenannt
Coinpanion is another fintech startup from Austria. The industries it operates within includes bitcoin, cryptocurrency and wealth and asset management. The platform gives its customers the ability to choose a portfolio of investments, then the investment is automated and easily controlled. The platform has 19 traded cryptocurrencies and has customers in 20 countries currently.
The founders are Aaron Penn, Alexander Valtingojer, Matthias Zandanel and Saad J. Wohlgenannt. They founded the Austrian startup company in 2019 and now employ between eleven and fifty people. The fintech company has a headquarters based in Vienna, Wien, Austria. Two funding rounds between September 2020 and august 2021 has made the company €2.1M.
16. ready2order
Year Founded: 2015
HQ: Vienna, Wien, Austria
Size: 51-100
Founders: Christoph Zhu, Christopher Fuchs, Markus Bernhart, Markus Tscheik
The next Austrian startup on the list to watch in 2022 is ready2order. This startup is in the software, fintech, financial services and mobile payments sectors providing a platform for entrepreneurs. The platform is a POS (point of sale) service for small businesses, to cut out the administrative overhead. This software gives small businesses more control over their own finances, making it an attractive way of working and selling.
Christoph Zhu, Christopher Fuchs, Markus Bernhart and Markus Tscheik founded ready2order in 2015. The Vienna, Wien, Austria based company now employs somewhere between fifty one and one hundred individuals. Three funding rounds between June 2016 and February 2020, the company has made $5.4M in total funding.
17. Investory
Year Founded: 2016
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Florian Tausend, Guillermo Falco
Investory is a company that provides its customers with an investor platform. The startup is an investor relations platform that allows its users to make decisions about investment based on real data. It also supports other Austrian startups by enabling them to gain funding easier and giving investors more information about the startups available to them. It also offers a free basic version for those just getting started.
In 2016 Florian Tausend and Guillermo Falco founded the startup, since then, the company has completed five funding rounds, raising an impressive $1.3M. The headquarters are located in Vienna, Wien, Austria and the employee size sits between one and ten individuals.
18. Greenpass
Year Founded: 2016
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Peter KÜsters
Greenpass is a SaaS (software as a service) platform operating within the clean tech and architecture sectors. This Austrian startup is one to watch, as it provides planning and architecture for urban areas to be more 'climate resilient'. Greenpass provides an all in one platform so all parts of the green infrastructure planning can be accessed in one place, making the process more seamless.
Peter KÜsters co founded Greenpass in 2016 and has the headquarters based in Vienna, Wien, Austria. The company employs between eleven and fifty employees and has three investors.
19. kontractory
Year Founded: 2020
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Lukas Leys
The next Austrian startup on the list is kontractory. The company provides legal tech software. The platform allows its users to create contracts quickly and with ease, as well as inform clients about offers. Kontractory operates within the legal tech industry. Combining law and IT is bringing the legal sector online, digitising and avoiding challenges.
Lukas Leys founded kontractory in 2020 and it is now based with a headquarters in Vienna, Wien, Austria. The company currently operates with between one and ten employees and one investor.
20. notarity
Year Founded: 2021
HQ: Vienna, Wien, Austria
Size: 1-10
Founders: Alexander Boris Gugler, Jakobus Schuster
Notarity is another one the many Austrian startups operating in the legal tech and software industries. It also works within the internet and SaaS sectors. This platform was designed to be one of the most user-friendly for completely digital collaboration with notaries. Notaries (or a Notary) are publicly commissioned officials that can act as an impartial witness for when legal documents are signed. This startup allows users to notarise documents digitally, therefore anywhere in the world and at whatever time is convenient.
Alexander Boris Gugler and Jakobus Schuster founded notoriety in 2021 and have since made €309.9K total funding in three funding rounds. The company employs between one and ten individuals and has its headquarters in Vienna, Wien, Austria.
21. JENTIS
Year Founded: 2020
HQ: Vienna, Wien, Austria
Size: 11-50
Founders: Christian Kletzander, Klaus Müller, Robert Nachbargauer, Thomas Tauchner, Walter Parigger
JENTIS is the final company on the list of Austrian startups to watch in 2022. It operates within the analytics, big data, cloud data services, digital marketing and business intelligence industries. JENTIS was created to redesign server-side data tracking and was created by data experts and industry experts. The company is believed to be setting new standards for data protection whilst solving data challenges.
Christian Kletzander, Klaus Müller, Robert Nachbargauer, Thomas Tauchner and Walter Parigger are all the founders of JENTIS and founded the company in 2020. It currently employs between eleven and fifty people and has a headquarters in Vienna, Wien, Austria.
FAQs
How Many Startups Are There In Austria?
In 2018, it was estimated that there was around 38,000 Austrian startups in total.
What Is The Average Investment in Austria?
Austria experienced FDI of $4.6 Billion during 2019.
What Are The Main Industries in Austria?
The main sectors in Austria are food and commodities, engineering, construction, chemicals and vehicle manufacturing.
