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Italian startup revenues up 34% to EUR 247 mln in 2015

Tuesday 29 November 2016 | 10:48 CET | News
Italy's innovative startup sector is growing fast but still lags far behind ecosystems in neighbouring European countries in terms of funding, according to a report from the School of Management at Milan Polytechnic. Total sector revenues grew 34 percent to EUR 247 million in 2015, with the number of workers hired by tech startups rising 55 percent to 2,420. Investment by Italian equity funds was also up 24 percent to EUR 182 million, rising to EUR 217 million including international funds. However, total venture capital investment in Italian startups remains barely a seventh of the amount

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Categories: Internet
Countries: Italy
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