startup days’ Post

What’s next for European tech? 🚀 Atomico’s latest State of European Tech report highlights the trends, challenges, and opportunities shaping the industry this year. Here’s a deeper look at the forces driving the tech ecosystem forward: 💰 European tech is set to hit $45B in investment this year, a steady rise from $15B in 2015 but slightly below 2023’s $47B. It signals a return to long-term growth trends after the exceptional $101B peak in 2021, following recent market volatility. 💸 Startups in Europe continue to face a $375B funding gap, with $300B in potential funding missed since 2015. While low growth-stage conversions and reliance on US investors have contributed to this gap, it also highlights the immense opportunity for investors. 📉 M&A and IPO activity in Europe has slowed in 2024, hitting a 10-year low. However, major deals like ARM’s $65B IPO in 2023 and IHS’s $45B M&A in 2020 continue to drive significant transaction value, highlighting the ongoing importance of high-value deals. 👩💻 Europe’s tech workforce has reached 3.5M, with 3M jobs added in the past decade, growing at 24% annually—on par with the US. Despite challenges, Europe remains a key talent hub, driving workforce growth in the content.

✨ We’re excited to share the 10th edition of the State of European Tech report with our community, presented by Atomico. The report offers a comprehensive outlook on Europe’s tech ecosystem and its evolution over the past decade, followed by recommendations for what lies ahead. Key Report Takeaways: 🔹 Talent Boom: Europe’s tech workforce has seen a growth of 7x since 2015 with 3.5M professionals acting as drivers for innovation. 🔹 Capital Growth: We have seen a 10x increase in venture capital investment over the past decade, reaching up to $426B since 2015. However, a $375B growth stage funding gap calls for the need for additional late stage capital. 🔹 Sector Strength: Europe remains a leader in sustainability, fintech, and AI, with a 21% of funding directed toward sustainability, a rate double that of the U.S. 🔹 Mindset Shift: Founders are receiving newfound support fueled by the increased public recognition for entrepreneurship, enabling them to tackle emerging challenges . 🔹 Challenges Ahead: Focus has shifted towards addressing regulatory complexities, scaling beyond borders and unlocking the ciritcal liquidity required to fully realize Europe’s potential. Steps for the Future: The report forecasts Europe as an $8T ecosystem by the end of 2034. To achieve this milestone, we must word to close funding gaps, further embrace pro innovation policies and initiatives and continue to foster collaboration across the continent. 💡 Download the full report here: https://lnkd.in/dQK__DQq #EuropeTech #Tech

European Tech Sector Sees Significant Growth in July, Raising Over €5 Billion In July 2024, the European tech sector has witnessed remarkable growth, with a total fundraising of over €5 billion across 340 deals, demonstrating the increasing impact of the region in the global tech landscape. The top 10 deals alone accounted for more than half of the total amount, signaling notable industry trends and strategic trajectories. 1. **team.blue** (Belgium), a provider of collaborative online solutions, successfully secured €550 million, resulting in a valuation of the company at €4.8 billion. 2. **HR Path** (France), a firm specializing in human resources consulting, received a substantial investment of €500 million aimed at advancing its growth and expanding through strategic acquisitions. 3. **Helsing** (Germany), a company specializing in AI defense technology, raised a notable €450 million, with a focus on product development and research and development efforts to bolster European sovereignty. 4. **Zunder** (Spain), a network dedicated to electric car charging, secured a significant €225 million loan from Santander to deploy over 3,000 new charging points across Europe. 5. **Flo Health** (UK), a digital health company catering to women, successfully raised over $200 million, attaining the unicorn status as the first femtech unicorn. 6. **DNEG** (UK), an entity specializing in visual effects and animation, obtained over £150 million to transition into a content production and AI-powered technology partner. 7. **Nearfield Instruments** (Netherlands), a provider of semiconductor metrology solutions, received an investment of $147.6 million to enhance production capacity and expand its product portfolio. 8. **osapiens** (Germany), a platform focusing on ESG compliance, concluded a $120 million Series B round aimed at accelerating product innovation and market expansion. 9. **Alps Blockchain** (Italy), a company involved in Bitcoin mining, secured €105 million in debt financing to propel its global expansion. 10. **CitiBox** (Spain), specializing in smart urban parcel delivery and storage solutions, raised a substantial €80 million to expand its smart mailbox network in Spain. These investments underscore the diversified and innovative nature of European tech companies, encompassing fields such as AI, digital health, sustainable energy solutions, and advanced manufacturing technologies. # Thank you Nikolai Ivanovitch for your submission!

🚀 European Tech: Resilience, Growth and Opportunity    The latest State of European Tech report by Atomico paints a complex, yet optimistic picture of Europe’s tech ecosystem. Despite a turbulent macroeconomic environment, European tech continues to demonstrate resilience and growth potential.    The report highlights how there are now 8x more growth companies than there were ten years ago in Europe, despite an uneven playing field, but while Europe and the US start on equal footing, US start-ups are still twice as likely to raise rounds above $15M than their European counterparts.    The report highlights how:   🌍 Over the last ten years, carbon management is the theme that’s seen the greatest increase in its share of Seed-stage funding.  💻 Deeptech (including AI) has captured 33% of Europe’s total funding levels this year.  🧑💼 There are 7x more people working in funded tech companies today in Europe compared to 2015    While the funding landscape has cooled from the heights of previous years, Europe’s tech sector remains attractive due to its diverse talent pool, strong regulatory frameworks, and emerging tech hubs across the continent. However, it is particularly impressive to see that London has risen to second place on the global list of top ten hubs by funding raised for early-stage start-ups. ⬆️    In the next few days, the BVCA will publish our first in a new annual series of Venture Capital reports that will focus on the #venturecapital industry specifically in the UK.  Read the full State of European Tech report here: https://lnkd.in/dQK__DQq

The Atomico State of European Tech 2023 report provides an in-depth analysis of the European tech ecosystem's performance, resilience, and future potential, focusing on various key aspects such as investment trends, startup formation, talent dynamics, and sector-specific developments. Executive Summary Market Overview Macroeconomic Conditions: 2023 faced tough macroeconomic conditions with Europe expected to reach only half of 2022's levels at $45 billion. There was a significant slowdown in 'megarounds' (funding rounds over $100M), with only 36 in 2023 compared to 163 in 2022. Resilience and Stabilization: Despite challenges, European tech bounced back to a $3 trillion valuation, recovering $400 billion lost in 2022. Layoffs have peaked and levelled off, and Europe’s funding levels remain the third highest on record at $45B. Startup Formation: Europe is now creating more new startups than the US, although the formation rate has slowed, weeding out first-time founders and maintaining a stable share of repeat founders. Talent Dynamics: European tech's workforce has grown from slightly over one million employees to more than 2.3 million in the past five years, attracting talent from the US and other regions. Investment and Fundraising Investment Levels: Total capital invested in European tech in 2023 is projected to reach around $45B, down 55% from the peak in 2021 but still the third-largest year on record. Sector-Specific Investments: The Carbon & Energy sector, including climate tech, accounted for 27% of all capital invested in European tech in 2023, overtaking fintech and software. AI Investment: AI and Machine Learning companies accounted for 11% of total investment, with AI becoming the number one theme at the Seed stage. European AI companies secured significant funding, with 11 mega-rounds ($100M+) in 2023. (1/3)

As conversations around sovereign tech evolve, so does the importance of recognising Australian-built solutions. At Nabooki, we see firsthand how choosing local tech not only strengthens our economy but also builds a digital infrastructure that reflects our unique values and needs. Many recent media reports on Australian tech sovereignty highlight a powerful opportunity: by prioritising homegrown solutions, we can boost resilience, reduce reliance on foreign technology and foster a tech ecosystem that thrives right here at home. Imagine technology that’s built to tackle local challenges, supports Australian jobs, and keeps data secure within our borders. By choosing local, we’re investing in a digital future that’s more secure, adaptable, and aligned with what matters to us. Are you seeing more organisations shifting toward local tech? What’s the biggest advantage you see in using Australian-developed technology?

I recently came across an enlightening article on The Next Web about the European tech landscape as it cautiously steps into 2024. After a year filled with market corrections, down rounds, and significant valuation adjustments, the tech community is looking ahead with a blend of hope and realism. The story of 2023, as detailed in the piece, paints a vivid picture of the challenges faced. Notable downturns, like the one experienced by Hopin, exemplify the broader market's volatility. Yet, amidst this, the sector reveals areas of robust optimism. Atomico's annual State of European Tech report sheds light on this, highlighting sustained, substantial investments in Artificial Intelligence (AI), even against a backdrop of a 43% drop in overall tech funding. This indicates a strong belief in the transformative potential of AI and other emerging technologies. Looking forward to 2024, uncertainty remains in funding landscapes and public markets. However, there are signs of a potential uplift, reminiscent of the more optimistic 2019. Beyond AI, climate tech is stepping up as a pivotal area of interest, with significant investments flowing into carbon and energy sectors, showcasing a commitment to addressing global environmental challenges. As I reflect on this insightful article from The Next Web, I'm reminded of the resilience and dynamism of the European tech sector. Despite the trials, there's a palpable sense of potential and readiness to embrace new opportunities. Let's enter 2024 with informed minds, adaptable strategies, and a spirit of collaboration, ready to shape a promising future for European tech. Read the full article here: https://lnkd.in/d2GKP8wE #EuropeanTech #Innovation #AI #ClimateTech #VentureCapital #FutureTrends #TechInsights _______________________________________________ #CTOPUB #CTOCOMMUNITY 👥 Join our CTO Community 🧠 Mastermind Meetings 🌐 Peer-to-Peer Networking 🔗 LinkedIn @cto.pub 🔗 https://cto.pub/ 📚 Exclusive Resource Sharing 🤝 Collaborative Problem-Solving 🎯 And so much more!

🇵🇱💞🇫🇷 How do local tech communities contribute to the growth of the ecosystem? Is there enough momentum and talent to cover initiatives on a large scale? Just recently I had the privilege to participate in an exploration of the Polish innovation potential by BNP Paribas. A privilege indeed, considering the hectic, filled to the brim agenda of the team! But what were we even talking about? 1️⃣ The state of tech communities in our capital? I counted over 23 communities/groups in Warsaw focusing mainly on AI. We had at least 24 events in June with AI being the main topic. Some of those for product people, some for creatives, developers, non-tech folks, startups, and enterprises. We’ve got at least 25 Data Centers in the region and 5 supercomputers in the country. And their computing power is up for grabs by any team, institution, or initiative. According to my data, gathered during every Masovian AI Fest, most community players are seniors: 60-70% of total attendance, specialists amount to 15-30%, and juniors 10-15%. 2️⃣ How does the cooperation between academia and business look like? It could be better but we’re getting there! With new initiatives coming up over and over again. With IDEAS NCBR or Warsaw University of Technology Investment Factory ASI S.A. as examples. 3️⃣ Who should take the reins of driving domestic innovation? The government, startups, or corporate players? Everyone. And everyone should talk with everyone. Only through addressing the entire spectrum of activities can we ensure a healthy ecosystem with diverse points of view and priorities. 4️⃣ How much untapped potential is there? Can one embrace it or is it a lost cause? Poland is still an emerging market in many fields. The entire CEE region is filled with such opportunities for motivated and skilled people. We care. We DO want to build things. We are constantly on the lookout. But also - we’re still learning. We need more success stories and quality role models. We need to embrace second-order thinking over immediate gain. We need to boost our entrepreneurial spirit. 💭 Yup. Lots of questions and discussions - most of which won't have a clear answer. But the one I could give wholeheartedly is coming from both my experience with communities and my heart. We. Do. Care. 🫡 Doesn't matter if it's a bottom-top initiative like Masovian AI Fest, SpeakLeash.org, or AI Breakfast. Or if it's on a large scale like CampusAI Poland. Or if it's a government initiative like AI Fund. Or if it stems out of the University MIM Fertility It doesn't matter. Because we care on every level.

Calling All European Innovators (and VCs with relevant portfolios) 🚀 Recent weeks were characterized by discussions around Europe’s competitiveness. The Draghi report stressed the need to close the innovation gap, while Atomico’s State of European Tech 2024 revealed a severe growth-stage funding gap. Despite challenges, there is optimism: Europe remains a hub of innovation, with over 35,000 early-stage start-ups driving fresh ideas and technological progress. The World Economic Forum Technology Pioneers program provides an incredible platform for tech start-ups to gain international recognition and support. Are you an early-stage start-up (think Series A) with ground-breaking technology that can change the world? Applications are open for the 2025 World Economic Forum Technology Pioneers cohort. This is your chance to join a trailblazing community of past innovators, including Airbnb, Google, Spotify, Palantir, Mozilla, Twitter, and many more. As a Technology Pioneer, you will gain access to Davos, connect with global leaders at the Forum, and network with top innovators from around the world. You will also engage in high-caliber multi-stakeholder initiatives and events throughout the year. Deadline: January 31, 2025. It only takes 15 minutes to apply. Link in the comments. For questions ping Verena Kuhn Michelle Mormont Saemoon Yoon

By European Women in VC : 🔹 Europe has 35,000 early-stage startups and 300+ unicorns, yet struggles with a $375B growth funding gap. Startups in Europe are half as likely to raise a growth stage $15M+ round than U.S. firms (8.3% versus 4.1%).