Austria’s startup scene is buzzing with innovation and growth, and 2024 is set to be an exciting year. Here’s a list of 10 Austrian startups, across various industries, that are making waves and deserve your attention.
Let’s take a look…
1. Jentis: Data Tracking Software
Jentis, a Vienna-based startup, is changing the game in data tracking. Established in 2020, it’s setting new standards in server-side data collection, crucial in an era where data protection is paramount. Their innovative approach ensures GDPR compliance and addresses challenges like cookie deletion and ad blockers.
With €4.5 million in funding, Jentis is enhancing data accuracy and consistency, making it a pivotal tool for businesses in the digital age.
2. enspired: Clean Energy via AI Trading
Founded in 2020, enspired is a pioneering force in the clean energy sector, utilising AI for efficient energy trading. They optimise power generation, storage, and consumption on short-term power exchanges, bringing much-needed flexibility to power grids. With €7.5 million in funding, enspired is not just about profit; it’s a crucial player in the global transition to renewable energy sources.
3. Notarity: Revolutionising Legal Document Authentication
Notarity, an innovative Austrian startup established in 2021, is transforming the legal tech landscape. Specialising in digital notarisation, Notarity offers a user-friendly platform for entirely digital collaboration with notaries. This forward-thinking company addresses the growing need for remote, accessible legal services, allowing documents to be notarised from anywhere in the world, at any time.
Streamlining what has traditionally been a cumbersome process, Notarity makes legal document authentication more efficient and convenient. With a total funding of €309.9K and a dedicated team, Notarity is set to redefine how legal documents are authenticated, meeting the demands of a digital-first world.
4. Finabro: Simplifying Personal Finance Management
Finabro, an emerging fintech startup in Austria, founded in 2016, is redefining personal finance management. The platform offers tailored saving and investment solutions, making financial management accessible and tax-efficient.
Designed for ease and effectiveness, it caters to individual financial goals, ensuring cost-effective wealth growth. With €5.6 million raised in funding, Finabro stands out for its user-friendly approach to financial planning, helping users navigate their financial journey with confidence and ease.
5. Audvice: Transforming Knowledge Sharing
Audvice, founded in 2018, brings a unique twist to business communication. This Austrian startup has developed an innovative platform for sharing information through voice recordings. This approach enhances understanding and collaboration by conveying tone and emotion, facilitating more effective and informal communication.
With a team of less than ten people, Audvice is pioneering a new way of knowledge exchange that’s adaptable and efficient, perfectly suited for the fast-paced and mobile nature of modern work environments.
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6. Fasal: Boosting Agriculture With AI
Fasal, launched in 2021, is an Austrian agriculture technology company at the forefront of integrating AI into horticulture. They specialise in optimising crop cultivation by monitoring microclimates and offering actionable data to farmers.
This approach enhances crop efficiency, reduces water usage, and minimises reliance on pesticides. With its science-driven solutions, Fasal is not only improving agricultural productivity but also contributing to sustainable farming practices, making it a standout in the agri-tech sector.
7. Soma Reality: Advancing Healthcare through Virtual Reality
Soma Reality, established in Vienna in 2019, is a trailblazer in digital healthcare. They specialise in developing sensor-based digital biomarkers within virtual reality environments. This innovative approach offers deep insights into user behaviour, significantly enhancing the personalisation of healthcare applications.
With €1.5 million in funding, Soma Reality is carving a niche in healthcare technology, providing tools for more nuanced and effective treatments and therapies.
8. Greenpass: Pioneering Climate-Resilient Urban Planning
Greenpass, founded in 2016, is a visionary SaaS platform in the clean tech and architecture sectors. They focus on making urban areas more climate-resilient through comprehensive planning tools. Their all-in-one platform simplifies the process of creating green infrastructures, facilitating seamless integration of sustainable elements into city planning.
With its innovative approach, Greenpass is not just enhancing urban landscapes but also actively contributing to the fight against climate change by making cities more livable and environmentally friendly.
9. Froots.io: Rethinking Wealth Management
Froots.io, launched in 2020 from Vienna, is transforming wealth management. This fintech startup tailors investment strategies to individual goals, making high aspirations like early retirement or top education more attainable. With €3.3 million in funding, Froots.io is democratising financial planning, offering innovative solutions for a wider audience.
10. Revo Foods: Innovating Plant-Based Seafood
Revo Foods, started in Vienna in 2021, is reshaping the seafood industry with its plant-based alternatives. Addressing critical issues like overfishing and ocean pollution, they’re offering sustainable seafood solutions. With a €4 million fundraise and expansion across Europe, Revo Foods stands at the forefront of the food tech revolution, combining taste with environmental responsibility.
Austria’s startup ecosystem is diverse and innovative, covering sectors from biotech to fintech, and AI to clean tech. These 10 startups not only embody the spirit of Austrian entrepreneurship but also highlight the country’s role as a growing hub for technological innovation. Keep an eye on these trailblazers as they shape the future in their respective fields.
