Slovenia

THE ECOSYSTEM

The Slovenian startup ecosystem has developed at a fast pace in the last six years. While the first fast-growing startups were created in the mid-2000s, the ecosystem has really taken off after the economic crisis hit Slovenia between 2008 and 2011.According to the 2016 Startup Ecosystem Report, this has resulted in significant increase in the funding raised by the startups, leading to 100 million € capital raise in both 2015 and 2016 (a number already exceeded in 2017). Since 2005, 258 startups raised over $350M in over 400 transactions.

Slovenia Slovenia

Many startups are also bootstrapping – financing their growth from their revenues – and can thus finance their development without capital rising. Additionally, Slovenian startups are among the most active in the world in certain specific areas, with the most prominent example being crypto-currencies and ICO’s. Many such startups are operating in Slovenia and their results will only become apparent in the next years. Some estimations hint that as many as a third of the funding might be stealth funding.

In 2016, more than 70% of the funding came from VC funds – mostly foreign ones. More than 10% came from different crowdfunding initiatives, especially Kickstarter where Slovenian projects are among the most successful (per capita) in the world. However, government and accelerator funding are the most important according to the number of supported startups, showing their importance in the early stages of startup development. Only 5% of the capital invested is coming from Slovenian investors, however, showing that the capital market remains under-developed even in Slovenia – probably the most developed country in the whole region.

 

Startup Slovenia is interested in creating new collaborations, meeting with investors and discussing potential opportunities that can improve the Slovenian ecosystem.

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