Summary:
Hungary is emerging as a key player in tech innovation in Central and Eastern Europe.
The Hungarian startup scene is thriving with focus on data analytics, AI, and cybersecurity.
10 promising startups founded since 2020 are reshaping industry perceptions.
DokiApp raised €3 million for its corporate health programs.
Scoutlabs offers AI-powered pest monitoring, raising €2 million.
Hungary's Startup Ecosystem
Central and Eastern Europe’s entrepreneurial ecosystem is flourishing, and Hungary is quietly becoming one of the region’s most intriguing players in the innovation game. While it may not yet rival the startup hubs of Western Europe, Hungary is steadily carving out a niche, offering a strong foundation of infrastructure, a growing pool of tech talent, and investor-friendly policies.
According to the Hungarian Startup Report 2023, Hungary’s startup scene may be smaller in scale compared to some of its European counterparts, but the startups that do emerge are raising the bar in sectors like data analytics, artificial intelligence, and cybersecurity. These sectors are driving the country’s progress and putting Hungarian startups on the map as key contributors to Europe’s broader innovation landscape.
To shed light on this evolving ecosystem, we’ve identified 10 of the most promising startups founded since 2020 that are poised for breakthrough success. These companies are not just disrupting their industries—they are reshaping perceptions of what Hungary’s startup scene can achieve while bolstering the country’s reputation as an emerging innovation hotspot.
1. denxpert
Founded in 2021, this cloud compliance software provider specializes in environment, health, safety, and sustainability solutions for professionals. The platform streamlines compliance processes by offering features such as data collection and reporting, helping companies stay compliant with regulations. Based in Budapest, denxpert has successfully secured €972k in funding.
2. DokiApp
Budapest-based DokiApp offers digital corporate health programs that include telemedicine services. It provides employees with access to consultations via video calls with specialists such as doctors, psychologists, dietitians, and physiotherapists, focusing on promoting mental and physical well-being. Founded in 2020, the startup has raised €3 million to expand its reach and services.
3. MEROVA Health
This health tech startup aims to create a diabetes care system that provides accurate monitoring for high-risk patients. Founded in 2023, MEROVA Health has raised €130k in funding, seeking to provide accessible and efficient health monitoring systems.
4. Proofminder
Launched in 2021, this disruptive farming platform uses AI and machine learning to offer farmers insights that improve agricultural practices. Proofminder aims to revolutionize farming management with a total investment of €440k.
5. Qneiform
Focusing on recruitment in the financial services industry, Qneiform uses data-driven insights to streamline hiring processes. After raising €750k in funding, it aims to improve decision-making through automation and analytics.
6. Quino
This EdTech startup offers a learning enhancement tool designed to make studying more efficient. Launched in 2023, Quino has secured €810k in funding, promoting collaborative learning and personalized study experiences.
7. Scoutlabs
This AgTech startup provides an AI-powered digital insect monitoring system that helps farmers detect pest pressure early. Since its founding in 2022, Scoutlabs has raised €2 million in funding.
8. SURVIOT
Headquartered in Hatvan, this startup provides structural health monitoring solutions for infrastructure. Founded in 2022, SURVIOT supports projects to ensure safer and longer-lasting infrastructure with €600k in funding.
9. Vizzu
Founded in 2021, this data visualization startup transforms data into animated visual stories, securing €1.8 million in funding to make data presentations more accessible.
10. Voovo
Launched in 2022, this EdTech startup helps students learn more effectively with personalized flashcards and quizzes, focusing on improving retention and tracking progress, securing €500k in funding.
If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!
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