Previous Reports

This is our eighth State of European Tech report. You can read all the previous reports here to see how far we've come.

  • Finland’s Flywheel, Europe’s first female unicorn founder & Europe’s Most Valuable Private Tech Company
  • Crossing $100B in capital invested in a single year, for the first time
  • One Ground Breaking Year for European Tech
  • Testimonies from 50+ of Europe’s tech leaders and policymakers
  • The Covid-19 pandemic and resulting economic shock threatening to derail a decade of progress on European tech
  • Hopin rides the Covid tailwind to hit a $2.1B valuation in just 17 months from founding
  • Ecosystem value approaching $1T for the first time, up 5.6x compared to 2016
  • Black Lives Matter movement casting a spotlight on racial inequity in the European tech ecosystem: our survey finds minority founders face heightened barriers.
  • $34.3B of capital invested in 2019
  • $4.4B invested in purpose-driven European tech companies in 2019
  • European unicorns now totalling 99
  • No material improvement in the share of capital invested in European tech companies going to diverse founding teams.
  • $23B of capital invested across Europe
  • 4x $5B+ tech IPOs, compared to just one in the US
  • European tech investment still growing at a record pace, producing $B+ companies at 15x+ the level a decade before
  • Driving crucial economic growth in a stagnating economy
  • Highlighting disparities: not everyone is benefitting from the boom, as gains are not being democratised by investors
  • Urgent need to address diversity and inclusion, and unlock talent pools
  • Highlights of the top 20 countries in European tech
  • Despite the impact of macro events like Brexit, European tech maintains its sense of optimism
  • A record year for European tech investment - $19.1B invested across 3449 deals
  • Seven companies surpass a billion-dollar valuation for the first time in 2017
  • Highlights the sectors Europe is set to capture: AI and crypto
  • Busts common misperceptions and myths around European tech
  • $14.4B of capital invested into the European tech ecosystem
  • Deep tech is thriving and diversifying in Europe, attracting $1B in investment, 4x the amount in 2011
  • New tech hubs are emerging, with cities like Munich and Lisbon beginning to grow their own tech scenes
  • Traditional industries are awakening to tech, with Europe’s largest companies acquiring and investing in tech
  • $10B invested in European tech by VCs for the first time
  • 10 new unicorns bringing the total to 35 in Europe
  • European startup mafias becoming active participants in local ecosystems
  • Strong talent pool with a total 1.6M active developers across Europe