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Slovak Challengers: The top 15 Slovak scale-ups

Neulogy* together with EIT Digital* & SAPIE* launched a new report on Slovakia’s top scaleups. Spoiler alert: Instarea | Big Data Monetization is among the top 15 Slovak startups which managed to make the transition into scale-up phase 🎉

Key scale-up report findings

The Slovak innovation ecosystem has been growing quickly over the past years. What is more important is that not only are great ideas being born, but companies are increasingly able to scale these startup ideas into internationally growing companies. Here are some interesting facts & figures the report has identified:

  • In 2016 the top 15 Slovak scale-ups generated in excess of 23 mio EUR revenue, with growth rates exceeding 20%
  • They employ over 850 people, 85% of these locals
  • On average over a third of costs go towards R&D
  • Partnering with researchers is popular and 60% of the top 15 have some partnerships with researchers or universities
  • Two-thirds of the top 15 attracted foreign investment

Instarea as a Top 15 Slovak scale-up

Instarea is a laboratory for innovative big data monetization ideas within the international Adastra group. We are a young committed team with fresh thinking and a lust for adventure which define us as a company.

Our partnerships with leading telco providers in CEE & the Middle East have been driving our growth & have deepened our understanding of the potential & possibilities a telco or bank can achieve with big data monetization. For the past 6 years, we have been achieving roughly 100% YoY growth in terms of business as well as team headcount. We are proud of being #fromSlovakiawithlove, with our vision set firmly on the globe as a whole.

Check out our story here & super talent head over to our career page to see what life at Instarea is like.

Check out our story

Instarea in great company

Not only are most of the companies on the list our good friends, but they also have great operations running. Check out what else the Slovak ecosystem has to offer:

  • DECENT is a decentralized blockchain content distribution network
  • Sli.do is a really cool audience interaction platform which we use very often at conferences and larger meetings
  • Exponea is a great marketing automation platform with their offices right across the street from ours
  • Staffino is basically Foursquare on steroids with much more control and insight for the business manager
  • GA Drilling has disrupted the drilling industry significantly reducing time & cost in the oil & gas industry

You can read the report online here: http://bit.ly/2AUR9u2

Read the report

* Who compiled the report on top Slovak scale-ups

  • Neulogy is one of the leading companies that specialize in knowledge and technology transfer in the CEE region
  • EIT Digital is a leading European digital innovation and entrepreneurial education organization driving Europe’s digital transformation
  • SAPIE is the largest innovation alliance in Slovakia
Matej Misik

Director Business Development at Instarea. Experienced data monetization consultant. Holds a MSc degree in Economics from the Tilburg University and a BA degree from the WU Wien.

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