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The State of European Tech - the European tech flywheel
This week Atomico launched their flagship State of European Tech report, the annual comprehensive take on European tech, and we were delighted to once again join as a core data partner for the journey.
European tech has had a blockbuster year, raising more that $100B in funding for the first time - as Atomico put it, the European flywheel is spinning ever faster.
The whole report is worth a good read, but here's a few headlines that show European tech is an exciting place to be in 2021, and beyond.
European startups raised a third of all global early-stage capital in 2021 (competing toe to toe with the US for the first time)
European startups are worth more than $3T, and has over 300 unicorns
Europe is a leader in impact-focussed entrepreneurship
Some of Europe's top startup success stories such as Zalando, Deliveroo and Booking have become founder "universities" aka tech mafia
VC investment in French startups has surpassed €10 billion the first time in 2021.
In the most active year ever for startup investment and venture activity, we've teamed up with La French Tech, to look under the hood of the French tech ecosystem in 2021.
60% of all funding now comes from overseas
Combined value of French startups is now €179 billion, up 17.7x since 2010
France has now created 30 tech unicorns
Considering that in 2019 President Macron was targeting 25 French unicorns by 2025, it's time for France to reforecast their growth.
