The startup market is having a moment around the world, but few regions can brag as much as Europe when it comes to venture capital investment. Yes, the United States is putting up impressive numbers and Indian startups are booming. But Europe is such a bright spot in the larger world of private startup investment that it deserves more solo attention.
The data coming out of the continent is staggering: According to a Dealroom report, some €49 billion was raised by European startups in the first six months of 2021. That’s 2.9x as much as was raised by the region’s technology upstarts in the first half of 2020, and easily crests previous full-year records set in 2020 and 2019.
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The epic start to 2021 for European startup fundraising crushes any preceding year that The Exchange has data for, erasing concerns that the continent simply won’t be able to create breakout tech companies that compete globally.
There are other signals that things are red-hot in Europe, including the recent direct listing of Wise on the London Stock Exchange. The …read more
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