The Americans are coming 🇺🇸💸

Clearly having boots on the ground still matters! Sequoia Capital and Andreessen Horowitz have been ramping up their European deal allocation. 

Sequoia's European deal allocation share has tripled since they opened up shop in London. Now a16z are doing the same. Their first European outpost was announced 2 weeks ago. 

 And they are not the only ones. OpenAI is to locate first non-US office in London, in a boost to Rishi Sunak's bet to make Britain's AI dreams a reality. 

But also...

Eyes on the Baltics 🇱🇹🇱🇻🇪🇪

Renowned for its cutting-edge digital infrastructure and tech-savvy population, the Baltics region provides fertile ground for startups.  Notably, the Baltic states have already birthed 12 unicorns, including renowned TransferWise, Bolt and Vinted.

When it comes to venture capital, Transportation, Food, and Fintech dominate the investment landscape in the Baltic nations. Over the past 5-10 years, there has been a surge in both Deep Tech and overall VC investments across the three states, with Deep Tech startups receiving an increasing share, particularly in Energy, Robotics, and Transportation sectors.

IN THE NEWS

• 🤝 Europe's Tech Startup Challenge: Is a Pan-National Ecosystem the Key?
• 🍀 Ireland's Rise: listed as the world 2nd most competitive economy in the 2023 World Competitiveness Ranking
• 🤑 Egypt's Startup Boost: Government Announces 5-Year Tax Exemption to Foster Entrepreneurship
• 🏭 Eindhoven: Scaling Up Alongside Big Tech
• 🇫🇷 The selected 125 emerging innovation players in program to boost the ambitions of French Tech 2030.
• 🚀 Abu Dhabi's startup ecosystem value grows 6th fastest globally, a new GSER report shows.
• 👀 Silicon Valley continues to lose its edge over European start-up ecosystems
• 📱 Should tech giants bear some of the costs of Europe's telecoms network? As a last option, answers Meta Platforms.
• 🤖 State Department considers generative AI for contract writing
• 💰 EDA is now accepting applications for  Build to Scale (B2S) program to support projects strengthening equitable ecosystems and access to capital 

UPCOMING EVENTS & PROGRAMS

🇪🇺 July 5, EIT Food, EU 

Psst! Let your local agrifood startups know! 

Sales Booster is a custom-made program of EIT Food that helps innovative startups explore and enter new agrifood markets in Europe.  Applications are open until the 5th of July. 

🇨🇦 July 12-14, Montréal, Canada

StartupFest, Canada’s original startup event is back in July with old favorites and some new tricks up their sleeve. 

Know an insightful tech event in your region you would like to highlight?

Let us know!

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