Mature startups buy others

Mature Greek startups have taken on the role of buyer or investor in order to either enter new markets, strengthen their team (acqui-hiring) or add new technologies - a trend that has only recently expanded.

Market players emphasize that the flow of acquisitions includes mainly developed (scale-up) companies, such as Blueground, Skroutz, Orfium, Hellas Direct etc - i.e. companies that are a significant player in the market in which they operate - at the same time estimating that the acquisition is a sign of their maturation and a natural consequence of the development of an innovation ecosystem that emerged during the financial crisis.

"Exits, sales of startups, are important news as they return money to investors, strengthen the team etc. However, it is equally important for scale-up companies to acquire other companies, gather technology and have a footprint in the...