For the fourth year in a year, the global venture firm Atomico has produced a “State of European Tech Report” and the again this year, there’s plenty for the firm — and Europe broadly — to crow about. According to the report, total investment in European startups reach…
For the fourth year in a year, the global venture firm Atomico has produced a “State of European Tech Report” and the again this year, there’s plenty for the firm — and Europe broadly — to crow about. According to the report, total investment in European startups reached $23 billion this year. That’s one-fourth the roughly $100 billion that’s expected to be plugged into U. S. startups by year end, but it’s a whole lot more than the $5 billion that was showered on European startups in 2013, just five short years ago.
That’s the good news — or some of it, anyway.
Working with data partners like Dealroom, Prequin, and about a dozen other companies, Atomico’s new report features a steady drumbeat of developments over which to cheer. Among them: in 2018,17 more European companies became valued at a billion dollars or more by their investors. Three of the ten biggest venture-backed public listings came from Europe, including that of the streaming media company Spotify, whose shares began trading on the New York Stock Exchange in April.
