Observed Signal · Nov 20, 2024 · Report · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
Atomico's State of European Tech: Decade of Growth and Challenges
Atomico's State of European Tech report, marking its tenth anniversary, reviews a decade of growth for Europe's tech ecosystem. It highlights that European tech companies have raised $426 billion since 2015, ten times more than the previous decade, and expects $45 billion in investments for 2024. The report shows Europe has more early-stage startups than the US, yet faces a growth-stage funding gap, with US startups twice as likely to raise rounds above $15 million. European pension funds allocate only 0.01% of capital to venture capital. The report also notes strong job creation, with 20 million jobs created since 2015, and that deeptech, including AI, captured 33% of funding. Challenges remain in diversity and inclusion, with women making up one-third of tech talent and underfunding of underrepresented founders.
Major annual report from a leading VC firm covering European tech funding, AI/deeptech trends, and startup ecosystem health, relevant to the broader tech and advertising technology infrastructure.
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Key Takeaways & Evidence Grounding
- European tech companies raised $426 billion since 2015, ten times more than the previous decade.
- Atomico expects European companies to secure $45 billion in investment in 2024.
- Europe has 35,000 early-stage tech startups, more than any other region globally.
- US startups are twice as likely to raise rounds above $15 million than their European counterparts.
- European pension funds invest only 0.01% of their capital into European venture capital.
Connected Companies & Entities
2 Entities mapped“Atomico's State of European Tech released a special tenth-anniversary edition....”
“Success stories like Revolut — which today was also granted its UK trading licence....”
Ontology Mapping & Concepts
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