startup days’ Post

✨ We’re excited to share the 10th edition of the State of European Tech report with our community, presented by Atomico. The report offers a comprehensive outlook on Europe’s tech ecosystem and its evolution over the past decade, followed by recommendations for what lies ahead. Key Report Takeaways: 🔹 Talent Boom: Europe’s tech workforce has seen a growth of 7x since 2015 with 3.5M professionals acting as drivers for innovation. 🔹 Capital Growth: We have seen a 10x increase in venture capital investment over the past decade, reaching up to $426B since 2015. However, a $375B growth stage funding gap calls for the need for additional late stage capital. 🔹 Sector Strength: Europe remains a leader in sustainability, fintech, and AI, with a 21% of funding directed toward sustainability, a rate double that of the U.S. 🔹 Mindset Shift: Founders are receiving newfound support fueled by the increased public recognition for entrepreneurship, enabling them to tackle emerging challenges . 🔹 Challenges Ahead: Focus has shifted towards addressing regulatory complexities, scaling beyond borders and unlocking the ciritcal liquidity required to fully realize Europe’s potential. Steps for the Future: The report forecasts Europe as an $8T ecosystem by the end of 2034. To achieve this milestone, we must word to close funding gaps, further embrace pro innovation policies and initiatives and continue to foster collaboration across the continent. 💡 Download the full report here: https://lnkd.in/dQK__DQq #EuropeTech #Tech

🚀 European Tech: Resilience, Growth and Opportunity    The latest State of European Tech report by Atomico paints a complex, yet optimistic picture of Europe’s tech ecosystem. Despite a turbulent macroeconomic environment, European tech continues to demonstrate resilience and growth potential.    The report highlights how there are now 8x more growth companies than there were ten years ago in Europe, despite an uneven playing field, but while Europe and the US start on equal footing, US start-ups are still twice as likely to raise rounds above $15M than their European counterparts.    The report highlights how:   🌍 Over the last ten years, carbon management is the theme that’s seen the greatest increase in its share of Seed-stage funding.  💻 Deeptech (including AI) has captured 33% of Europe’s total funding levels this year.  🧑💼 There are 7x more people working in funded tech companies today in Europe compared to 2015    While the funding landscape has cooled from the heights of previous years, Europe’s tech sector remains attractive due to its diverse talent pool, strong regulatory frameworks, and emerging tech hubs across the continent. However, it is particularly impressive to see that London has risen to second place on the global list of top ten hubs by funding raised for early-stage start-ups. ⬆️    In the next few days, the BVCA will publish our first in a new annual series of Venture Capital reports that will focus on the #venturecapital industry specifically in the UK.  Read the full State of European Tech report here: https://lnkd.in/dQK__DQq

European Tech Sector Sees Significant Growth in July, Raising Over €5 Billion In July 2024, the European tech sector has witnessed remarkable growth, with a total fundraising of over €5 billion across 340 deals, demonstrating the increasing impact of the region in the global tech landscape. The top 10 deals alone accounted for more than half of the total amount, signaling notable industry trends and strategic trajectories. 1. **team.blue** (Belgium), a provider of collaborative online solutions, successfully secured €550 million, resulting in a valuation of the company at €4.8 billion. 2. **HR Path** (France), a firm specializing in human resources consulting, received a substantial investment of €500 million aimed at advancing its growth and expanding through strategic acquisitions. 3. **Helsing** (Germany), a company specializing in AI defense technology, raised a notable €450 million, with a focus on product development and research and development efforts to bolster European sovereignty. 4. **Zunder** (Spain), a network dedicated to electric car charging, secured a significant €225 million loan from Santander to deploy over 3,000 new charging points across Europe. 5. **Flo Health** (UK), a digital health company catering to women, successfully raised over $200 million, attaining the unicorn status as the first femtech unicorn. 6. **DNEG** (UK), an entity specializing in visual effects and animation, obtained over £150 million to transition into a content production and AI-powered technology partner. 7. **Nearfield Instruments** (Netherlands), a provider of semiconductor metrology solutions, received an investment of $147.6 million to enhance production capacity and expand its product portfolio. 8. **osapiens** (Germany), a platform focusing on ESG compliance, concluded a $120 million Series B round aimed at accelerating product innovation and market expansion. 9. **Alps Blockchain** (Italy), a company involved in Bitcoin mining, secured €105 million in debt financing to propel its global expansion. 10. **CitiBox** (Spain), specializing in smart urban parcel delivery and storage solutions, raised a substantial €80 million to expand its smart mailbox network in Spain. These investments underscore the diversified and innovative nature of European tech companies, encompassing fields such as AI, digital health, sustainable energy solutions, and advanced manufacturing technologies. # Thank you Nikolai Ivanovitch for your submission!

I recently came across an enlightening article on The Next Web about the European tech landscape as it cautiously steps into 2024. After a year filled with market corrections, down rounds, and significant valuation adjustments, the tech community is looking ahead with a blend of hope and realism. The story of 2023, as detailed in the piece, paints a vivid picture of the challenges faced. Notable downturns, like the one experienced by Hopin, exemplify the broader market's volatility. Yet, amidst this, the sector reveals areas of robust optimism. Atomico's annual State of European Tech report sheds light on this, highlighting sustained, substantial investments in Artificial Intelligence (AI), even against a backdrop of a 43% drop in overall tech funding. This indicates a strong belief in the transformative potential of AI and other emerging technologies. Looking forward to 2024, uncertainty remains in funding landscapes and public markets. However, there are signs of a potential uplift, reminiscent of the more optimistic 2019. Beyond AI, climate tech is stepping up as a pivotal area of interest, with significant investments flowing into carbon and energy sectors, showcasing a commitment to addressing global environmental challenges. As I reflect on this insightful article from The Next Web, I'm reminded of the resilience and dynamism of the European tech sector. Despite the trials, there's a palpable sense of potential and readiness to embrace new opportunities. Let's enter 2024 with informed minds, adaptable strategies, and a spirit of collaboration, ready to shape a promising future for European tech. Read the full article here: https://lnkd.in/d2GKP8wE #EuropeanTech #Innovation #AI #ClimateTech #VentureCapital #FutureTrends #TechInsights _______________________________________________ #CTOPUB #CTOCOMMUNITY 👥 Join our CTO Community 🧠 Mastermind Meetings 🌐 Peer-to-Peer Networking 🔗 LinkedIn @cto.pub 🔗 https://cto.pub/ 📚 Exclusive Resource Sharing 🤝 Collaborative Problem-Solving 🎯 And so much more!

The bidirectional flow of capital, talent, and technology between Australia and Asia is shaping the future of tech. In partnership with Tech Council of Australia, this inaugural discussion paper in the Tech Connection Series, ‘Building the Australia-Asia Tech Corridor: Australian investment in Asia’s Startups’, examines how Australian investors are engaging with and shaping the future of Asia’s vibrant tech landscape. This discussion paper analyses a decade of Australian investments into Asian startups, revealing trends, opportunities, and challenges across key Asian markets and sectors. Based on unique data analysis and insights from industry leaders, the paper outlines how fostering deeper connections between Australia and Asia’s tech ecosystems can unlock unprecedented growth and collaboration. 🔗 Download the first of the series now: https://lnkd.in/gmVPdwPf Robert Law, Danielle Rajendram, Antonia Robson, Claire Stephens

🇵🇱💞🇫🇷 How do local tech communities contribute to the growth of the ecosystem? Is there enough momentum and talent to cover initiatives on a large scale? Just recently I had the privilege to participate in an exploration of the Polish innovation potential by BNP Paribas. A privilege indeed, considering the hectic, filled to the brim agenda of the team! But what were we even talking about? 1️⃣ The state of tech communities in our capital? I counted over 23 communities/groups in Warsaw focusing mainly on AI. We had at least 24 events in June with AI being the main topic. Some of those for product people, some for creatives, developers, non-tech folks, startups, and enterprises. We’ve got at least 25 Data Centers in the region and 5 supercomputers in the country. And their computing power is up for grabs by any team, institution, or initiative. According to my data, gathered during every Masovian AI Fest, most community players are seniors: 60-70% of total attendance, specialists amount to 15-30%, and juniors 10-15%. 2️⃣ How does the cooperation between academia and business look like? It could be better but we’re getting there! With new initiatives coming up over and over again. With IDEAS NCBR or Warsaw University of Technology Investment Factory ASI S.A. as examples. 3️⃣ Who should take the reins of driving domestic innovation? The government, startups, or corporate players? Everyone. And everyone should talk with everyone. Only through addressing the entire spectrum of activities can we ensure a healthy ecosystem with diverse points of view and priorities. 4️⃣ How much untapped potential is there? Can one embrace it or is it a lost cause? Poland is still an emerging market in many fields. The entire CEE region is filled with such opportunities for motivated and skilled people. We care. We DO want to build things. We are constantly on the lookout. But also - we’re still learning. We need more success stories and quality role models. We need to embrace second-order thinking over immediate gain. We need to boost our entrepreneurial spirit. 💭 Yup. Lots of questions and discussions - most of which won't have a clear answer. But the one I could give wholeheartedly is coming from both my experience with communities and my heart. We. Do. Care. 🫡 Doesn't matter if it's a bottom-top initiative like Masovian AI Fest, SpeakLeash.org, or AI Breakfast. Or if it's on a large scale like CampusAI Poland. Or if it's a government initiative like AI Fund. Or if it stems out of the University MIM Fertility It doesn't matter. Because we care on every level.

As conversations around sovereign tech evolve, so does the importance of recognising Australian-built solutions. At Nabooki, we see firsthand how choosing local tech not only strengthens our economy but also builds a digital infrastructure that reflects our unique values and needs. Many recent media reports on Australian tech sovereignty highlight a powerful opportunity: by prioritising homegrown solutions, we can boost resilience, reduce reliance on foreign technology and foster a tech ecosystem that thrives right here at home. Imagine technology that’s built to tackle local challenges, supports Australian jobs, and keeps data secure within our borders. By choosing local, we’re investing in a digital future that’s more secure, adaptable, and aligned with what matters to us. Are you seeing more organisations shifting toward local tech? What’s the biggest advantage you see in using Australian-developed technology?

Atomico just launched State of European Tech 2024 (SOET 2024) #slush2024 ⭐ 3 Key Findings on ROI from the State of European Tech 2024 ⭐ (note: this is cross-sector, not health focused) 1️⃣ Unprecedented Investment Growth: Over the past decade, European tech has attracted $426B in investments, representing a 10x growth. With a proven track record of exits totaling $1T, Europe is now a powerhouse for delivering exceptional returns. 2️⃣ Sustainability Drives ROI:   Investors are aligning with the future, with 21% of European capital directed toward sustainability sectors like carbon management and renewable energy—an area ripe for both impact and profit. 3️⃣ Scaling Opportunities Abound:   Despite successes, a $375B growth-stage funding gap highlights untapped potential for investors. Bridging this gap could unlock massive opportunities as Europe scales its tech ecosystem toward $5T+ in value by 2034. #European HealthTech can take positive signals from this report but it also raises the limitations in capital, talent retention, and bureaucratic inefficiencies to support early-stage and scaling startups which I often hear from European founders. #TechROI #EuropeanInnovation #SustainabilityInvestment

Let's crack open the biggest myths surrounding emerging tech 🤘 1. Tech is all about innovation. Truth: Innovation is important, but the focus should be on how it can solve problems that businesses and consumers face. Understanding the problem is the key foundation to emerge and succeed. 2. Tech is only for the youth. Truth: Wisdom comes with age. Gen X founders bring years of experience and expertise to the table. Never underestimate the power of experience in tech. 3. A large budget is the key to tech success. Truth: While it may be easier with more funds, the lack of resources can often lead to innovation. Working with limited resources and being creative can lead to game-changing solutions. Don't let myths about emerging tech discourage you from pursuing your goals. Keep pushing your limits, and remember that experience and creativity can often be the key to success.

As data partners for the 💥 2024 State of European Tech Report 💥 by Atomico, a staple at Slush, we’re excited to share key insights about Europe’s tech scene: 🔹 $426B - total funding over the past 10 years in Europe [2015-2024], 10x higher that previous decade. 2024 is on track to see $45bn capital invested - in one year it will exceed the amount invested in a whole decade. 🔹 Europe’s tech workforce hit 3.5M professionals, with 7x more talent now working in venture-backed firms than in 2015. 🔹 Sustainability-focused startups secure 21% of funding, nearly double the U.S. share, showing Europe commitment in tackling climate challenges. 🔹 Europe has 35,000 early-stage startups and 300+ unicorns, yet struggles with a $375B growth funding gap. Startups in Europe are half as likely to raise a growth stage $15M+ round than U.S. firms (8.3% versus 4.1%). Spotlight on Women: 🚺 Only 5% of seed funding goes to women-led teams, and all-women teams attract less funding at every stage. 🚺 34% of tech talent are women, down from 35% in 2015. 🚺 Women VCs place a stronger emphasis on unlocking greater access to capital, as the change that needs to happen for European tech to reach its full potential in the next decade 🚺 Women VCs are more optimistic about the future of European technology 🚺 Bright spots: Pre-seed funding, where all women teams have doubled the share of funding they receive and mixed gender teams have seen their funding levels rise by around a third. 🔑 What Needs to Change? 📋 47% of respondents see excessive regulation as a barrier to Europe to reaching its full potential 📣 Investing in underrepresented founders is key to driving innovation and building a more diverse, inclusive tech ecosystem. 💼 Institutional investors like pension funds must step up. Currently just 0.01% of their $9 trillion capital pool is allocated into European venture capital We must take bold action to foster diversity, unlock growth capital, and build a truly inclusive ecosystem. Share your thoughts in the comments ⤵️ cc: Ada Ekaterina Jenny Melissa Nastassia Clelia Ines Katja Simone Kristine Elaine Manuella Iwona Bettina Laura Sonia Nina Tsolmon Mona Réka Elina Tatjana Silke Marianne Anieke Dr. Gesa Irina Angelica Rocio Rachael Jacqueline 🚀Kinga, Kasia, Sarah Alicja Selma Claudia Alice