Observed Signal · Jun 7, 2023 · Market Report · Source: Trending Topics · Impact: 3/5 · Sentiment: Negative
Europe's tech investments to fall to $51B in 2023, Atomico predicts
Atomico's State of European Tech First Look 2023 projects around $51 billion will be invested in European startups and scale-ups in 2023. This would be roughly 50% below 2021's record $106 billion and about 38% below 2022's $83 billion, though still 35-40% above 2019/2020 levels. The report highlights that US investors contributed only 34 cents per European-invested dollar in H1 2023, down from 66 cents in 2021. It also notes a rise in downrounds: one in five Q1 2023 venture fundraisings was a downround, compared to one in twenty a year earlier, with median valuations across stages around 50% lower than 2021. Positively, the total value of European private and public tech companies has recovered to $3 trillion. Arm, Vinted, and Visma are named as likely IPO candidates when the window reopens.
Provides a key data point on European tech venture funding, valuation corrections, and IPO pipeline, affecting capital availability for AdTech and MarTech startups.
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Key Takeaways & Evidence Grounding
- Atomico projects about $51 billion in European tech investment for 2023.
- European tech funding is down roughly 50% from 2021's $106 billion and 38% from 2022's $83 billion.
- One in five Q1 2023 European venture fundraisings was a downround.
- Median European tech valuations across stages are about 50% lower than in 2021.
- Total value of European private and public tech companies has returned to $3 trillion.
- Arm, Vinted, and Visma are cited as potential IPO candidates.
Connected Companies & Entities
5 Entities mapped“Atomico published the State of European Tech First Look 2023 report projecting about $51 billion in European tech investments for 2023....”
“Andreas Schwarzenbrunner, Partner at Speedinvest, commented on the report in a podcast....”
“British chip maker Arm is mentioned as a candidate for an IPO....”
“Lithuanian e-commerce unicorn Vinted is mentioned as a possible IPO candidate....”
“Norwegian business software company Visma is mentioned as a possible IPO candidate....”
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