Analyzing Series A+ AI Startups In CEE: Which Country Has The Most?
While some startups struggle to adapt and find market fit, others choose to bootstrap their way through challenging times standing among those armed with venture capital.
At the macro level, according to our State of AI in the CEE 2024 report, where we analyzed 1350+ AI companies—more than 1,050 being AI product companies across their current stage—reveals that Poland, followed by Greece, and Croatia, saw the highest inflow of funds as of August 2024.
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In the next paragraphs of this article, we will continue to analyze 102 Series A+ AI startups, with CEE roots in our database, that managed to overcome their challenges but also flourished, achieving profitability and expanding into new markets.
How much have Series A+ AI startups contributed to total funding rounds across the CEE ecosystem?
As of August 2024, Series A+ AI startups have raised nearly half a billion euros in funding, representing 71% of the total AI funding in CEE. There’s still time to see if 2024 will match the funding levels of 2023, but the gap may not be as large as it seems.
Over the years, we’ve tracked key ecosystem players and analyzed the percentage of Series A+ startups relative to the total number of startups in each country. The graphic below shows that countries like Poland, Greece, Romania, and Bulgaria have a higher representation of AI product companies at the Series A+ stage.
