Reply to thread

Message: [QUOTE="Mike Butcher, post: 2878"] Europe is “solidifying its place as a global tech power”, according to Atomico’s annual State of European Tech 2021 report, research which has become an annual fixture of the European tech scene. According to the research, Europe is now the second region globally when it comes to early-stage investment, with a total of $3.8B vs the US at $4.1B. Europe now has 321 unicorns, up from 223 in 2020. The report outlines how $3T of value has been unlocked, but Europe has $23T of potential value still to be unlocked. Some $100B in annual funding has been crossed for the first time. There is now a $100M funding round every 14 hours in Europe. And 100 new unicorns were minted in 2021 (323 overall, more than China). And Europe has now achieved a $250B exit value. Furthermore, European VCs are outperforming their US counterparts. The Cambridge Associates index for European VC outperforms the US equivalent across 1, 3, 5, 10, 15 and 20-year horizons. Plus, Europe is about to get its first $100B VC-backed tech company (Adyen got to 99B in August). The report outlines how early-stage investment levels are now “on par” with US levels, with European unicorns on the up, faster growth than even before the pandemic, and growth which added a $1 trillion of value in the first 8 months of 2021. The report’s key trends will be discussed at a digital event on December 7th at 16:00 GMT with insights from some of Europe’s most prominent founders and investors, [URL='https://hopin.com/events/2021-state-of-european-tech-2021-report-launch']you can access it free here[/URL]. The report has outlined 5 key trends which TechCrunch is reproducing in full below, followed by further research TechCrunch requested from the report’s authors. The report, an annual deep dive into European tech industry data across 45 countries, is published in partnership with tech conference organizer Slush, and with the support of Orrick, Silicon Valley Bank, and Baillie Gifford. TechCrunch asked the Reports authors to comment on the key challenges where European tech needs to work harder on. We are reproducing them below: [/QUOTE]

Verification

Top Bottom

Search

Search

Reply to thread