Austria has become an increasingly important player in Europe’s startup scene, with a rapidly growing ecosystem that blends innovation, investment, and talent.
Austria’s capital city, Vienna, is home to nearly half of the country’s startups and stands out as a hub of entrepreneurial activity, supported by a robust network of incubators, accelerators, and funding programmes. This growth is bolstered by a rise in academic and corporate spin-offs, as well as a growing focus on green and social impact startups.
Key sectors driving Austria’s startup scene into the spotlight include IT and software development leading the charge with 28% of startups pushing the boundaries of technological innovation. Equally impressive, the life sciences sector, spanning biotechnology, healthcare, and medical technologies, highlights Austria’s prowess in cutting-edge science. Sustainability is also a rising star, with 26% of startups prioritising environmental and social impact, reinforcing Austria’s reputation.
Arkeon: This innovative biotechnology startup captures CO2 from industrial processes and converts inorganic gases into organic food. Using inorganic gases such as CO2, the company aims to produce food without relying on traditional agriculture. This unique approach addresses both food security and environmental challenges. Founded in 2021, the Arkeon is headquartered in Tulln and has successfully raised €10.5 million in funding.
Daiki: Vienna-based startup Daiki offers a SaaS platform that assists organisations in implementing AI projects. It ensures compliance with regional, global, and industry-specific regulations through robust AI strategy and governance tools. Founded as a spin-off from a research project at the University of Vienna, Daiki’s team brings together expertise in legal, ethical, design, and machine learning fields. Founded in 2023, the innovative startup has secured €1.5 million in funding to operate within the artificial intelligence and software sectors.
Fermify: This biotechnology startup revolutionising the dairy industry by creating animal-free casein through precision fermentation. Casein, a key milk protein, is central to cheese-making. Fermify’s innovative solution empowers food companies to produce high-quality, cow-free dairy substitutes with the flavour, texture, and usefulness of traditional cheese. Launched in 2021, the startup offers a fully automated production system designed to scale efficiently, enabling manufacturers to adopt sustainable and ethical practices while maintaining high product standards. Located in Vienna, Fermify has raised €6.4 million to produce alternative casein more sustainably and efficiently.
Flinn: Founded in Vienna, Flinn leverages advanced technology to assist medical technology manufacturers in managing compliance with European health and safety regulations. The startup specialises in simplifying essential processes like tracking customer feedback and generating mandatory documentation. By automating these tasks, Flinn enables manufacturers to maintain compliance efficiently, allowing them to focus on innovation and operations. The pioneering startup founded in 2022 has raised €9.8 million in funding to support its mission of streamlining regulatory tasks in the MedTech industry.
Fynk: Launched in 2022, the startup offers contract management software designed to automate the entire contract lifecycle for businesses. Their AI-powered platform facilitates the creation, review, approval, electronic signing, and management of contracts. Key features include real-time collaboration, automated compliance checks, or AI-driven contract analysis. The software also offers tools for tracking deadlines, setting reminders, and generating insights through analytics, enabling organisations to optimise productivity, reduce risks, and make data-informed decisions about their contracts. Based in Vienna, Fynk has raised €4.4 million to continue empowering businesses to automate workflows.
Taxado: Headquartered in Graz, this recruiting startup is disrupting the tax and auditing sectors, connecting talented professionals with top accounting firms. Their platform offers job seekers intelligent job matching, anonymous and secure application processes, and valuable career resources to help them advance in their field. For employers, Taxado streamlines recruitment by providing access to a diverse talent pool and helping to strengthen employer branding. Launched in 2023, the startup secured €1.4 million to make the hiring process more efficient.
HeartBeat.bio: Founded in 2021, this biotechnology startup focuses on advancing heart disease treatments. HeartBeat.bio aims to further drug discovery for cardiovascular diseases by enabling faster and more accurate testing. They are developing a high-throughput 3D screening platform focused on heart failure and cardiomyopathies. Their platform is designed to address unmet medical needs for heart treatment conditions. Based in Vienna, the startup has successfully secured €6 million.
Infrared.city: Founded in 2023, this innovative startup offers a platform for intelligent and resilient design powered by AI. Infrared.city’s goal is to help architects and designers make buildings more resilient to climate change. Their machine-learning models provide real-time feedback on how climate conditions can affect buildings. Based in Vienna and having raised €1 million, Infrared.city is developing sustainable building design by simplifying climate models and reducing the time required to streamline the planning and construction of cities.
Sendance: Linz-based Sendance offers innovative wearable devices with sensor technology designed to track performance, movement, and other biometrics. This data can help users optimise their performance, monitor health metrics, or improve ergonomics in products like sports equipment or prosthetics. The company also offers a cloud-based platform that allows users to manage and analyse the data collected by their sensors, enabling remote monitoring and deeper insights into the user’s activities. Founded in 2021, Sendance secured € 2.6 million to accelerate the development of health-focused digital products
Tree.ly: Launched in 2021, this innovative startup is focused on sustainable forest management and climate protection through carbon absorption by trees. Their platform enables landowners to monetise their forests by generating CO₂ credits while committing to sustainable practices. Tree.ly enhances carbon storage in forests through innovative methods, including sustainable forestry practices and the creation of nature reserves. Headquartered in Dornbirn, this startup has raised €5 million to continue promoting climate protection projects in European forests.
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Read the orginal article: https://www.eu-startups.com/2025/01/10-fast-growing-austrias-startups-to-watch-closely-in-2025/
