EU tech unicorns grew at a much faster rate
According to a recent analysis from i5invest, an Austrian IT M&A international consulting and investment organization, European tech companies are pulling ahead in terms of new tech unicorns created.
In 2021, 85 new digital businesses with a capitalization of $1 billion or more were founded ... Read more
Investment in UK tech totals one-third of the £76bn invested in European tech in 2021
This year saw the UK account for a significant chunk of the European Union’s tech investment. UK tech received £26 billion this year, a 2.3X increase from 2020 figures which stood at £11.5 billion.
According to the Digital Economic Council, the amount accounts for 35% of all tech investments... Read more
European alliance launches unicorn growth initiative
On Wednesday, Europe Startup Nations Alliance officially launched an initiative to double the number of European unicorns by 2030. The alliance, made up of 27 nations, was started by the Portuguese government with backing from the European Commission.
The alliance’s mission is to support natio... Read more
Europe has now created more billion-dollar companies than China
Europe's unicorn herd is now bigger than China's, after seeing more venture capital than ever this year. Since 1990, Europe has created 296 companies valued at more than $1 billion, whereas China has created 276.
New data from Dealroom shows that the region has produced 72 new unicorns in 2021, ... Read more
Macron wants EU-wide tech company initiative to create tech giants
France's president, Emmanuel Macron, outlined an ambitious plan for the European Union to create its own tech giants worth over 100 billion euros (over $120 billion) in valuation. The plan is to create ten of them to compete with the U.S. companies that dominate the tech industry across the globe.
... Read more