Georgian Startups Raise Record $180 Million in 2024

Georgian technology startups raised a record $180 million in venture capital funding during 2024, with fintech, gaming, and enterprise software companies attracting significant international investor interest. The funding surge reflects growing recognition of Georgia's emerging technology ecosystem.

Fintech companies captured the largest share of investment, building on Georgia's strong digital banking infrastructure and favorable regulatory environment. Startups developing payment solutions, lending platforms, and investment applications attracted both regional and global venture capital.

Gaming studios based in Tbilisi raised substantial funding, leveraging Georgia's competitive talent costs and growing pool of experienced developers. Several companies achieved international market success with mobile gaming titles reaching millions of users globally.

Enterprise software startups addressing B2B markets also attracted investor attention, with companies developing solutions for logistics, agriculture technology, and business process automation. The startup ecosystem benefits from proximity to regional markets while maintaining connections to European and American technology networks.

GITA, Georgia's Innovation and Technology Agency, supported ecosystem development through funding programs and international partnership facilitation. The Fall 2025 Innovation Act offers qualifying startups 10-year tax preferences, enhancing Georgia's competitiveness for technology company formation and growth.