The economy of Austria is 27th largest in world, with a nominal GDP of USD 559.22 billion. Austria economy is dominated by its service sector, comprising 70.3% of the GDP and employing 74.1% of the labour force. Germany and United States are the largest trading partner of Austria.
Austria has a thriving startup ecosystem supported by key factors like its location, development of industries, developed cooperative banking sector, developed social market economy, rich in natural resources, highly efficient and strong social security system, also developed in exports top-ranked educational institutions and government regulations. The majority of Austria startups are located in Vienna and Wien.
We, at Tracxn, keep a track of the latest happenings in the world of startups and their associated ecosystems - including venture capital funds, private equity funds and investment banks amongst others.
In this edition, we have the ‘Soonicorn Club of AustriaTech 2026’– an exclusive list of the most promising AustriaTech startups that have also reached significant valuation milestones over the previous few years.