320 technology companies registered in Europe
For the first time this year, the European IT sector is expected to reach $100 billion in yearly investment, capping a period of close agreements and soaring values.
According to Atomico, a London-based venture capital firm, it intends to raise roughly three times as much cash this year as it did in 2020, and the total number of digital businesses in Europe has reached 320, with a market capitalization of more than $1 billion.
The gap with the US is closing, Europe is reaching parity
However, the US capital markets continue to be more appealing for public listing – 36 percent of European digital unicorns formed since 2015 have been placed on US stock exchanges.
In industries like finance and e-commerce, Europe’s tech giants are increasingly attracting lower-rated investors and entrepreneurs.
When it comes to early-stage finance, Europe has caught up to the United States, with European startups accounting for 33% of all capital invested globally in fundraising rounds up to $ 5 million in the last year, compared to 35% for the United States.
“For the European technological ecosystem, this was a landmark year,” stated Tom Wehmeier, Partner at Atomico.