The Tech News Roundup’s Post

[STARTUPS | RADAR EUROPE] Europe's fastest-growing startups in 2024: combined, the 30 #startups have raised €850m in #funding and generated revenues of €792m over the past three financial years, employing more than 2,500 people. To be eligible, startups had to meet the following criteria: i. headquartered in Central Europe as per Sifted’s definition; ii. founded in or after 2014; iii. maximum headcount of 999; iv. private and independent; v. majority of revenue must be generated by proprietary technology; vi. at least three years of revenue data; and vii. revenue (annualised if necessary) of at least €100k in the base year (2020, 2021 or 2022) and at least €1m in the most recent financial year (2022, 2023 or 2024). https://lnkd.in/dpnQv4Y2

Let's build a stronger startup ecosystem in Europe! 🇪🇺 I have now officially signed this pledge to support a fair and better structured process across the diverse stakeholders. Did you know that a standardised, pan-European corporate structure ("EU Inc.") could significantly benefit European startups? This would simplify cross-border operations, attract investment, and boost growth.  We have a crucial window of opportunity! In just 6 weeks, the new EU commissioners begin their term. Let's make our voices heard and urge them to prioritise this initiative. 🧩 Sign and share this petition today: https://www.eu-inc.org/ 📝 Together, we can create a more unified and thriving startup landscape in Europe. #EUInc #EuropeanStartups #Innovation #Collaboration

Europe’s startup ecosystem has seen significant growth over the past decade, with 11 regions that had no billion-dollar companies in 2015 now home to multiple unicorns. Findings reveal that Europe has produced 571 unicorns, including 22 new ones in 2024, and 37 decacorns, highlighting the region’s increasing number of high-value companies. As the European startup scene continues to strengthen, we’re taking a closer look at the top 24 companies that have raised the biggest funding in 2024. Read here: https://lnkd.in/eJvyj5_y Wayve, Nebius, Abound, Mistral AI, poolside, Helsing, Monzo Bank, Highview Power, Picnic Technologies, Lighthouse, Electra, Stegra, DeepL, Quantinuum, HR Path, Zepz, Deep Green, EraCal Therapeutics , Sunfire, SeQura, HYSETCO, ITM Isotope Technologies Munich SE, EGYM, ENVIRIA

Europe's tech startups hit a funding bottleneck The key difference in the funnel analysis is this: while European and US companies are progressing at the same rate, their US counterparts are raising larger rounds. The funding gap between Europe and the US is bigger than people think. While the share of companies founded in 2015 that go on to raise at least a $1M round is similar between the US and Europe (22% versus 18%), the gap widens by the time companies reach $5M. The proportion of US companies able to raise rounds of $15M or more is twice that of Europe, 8.3% versus 4.1%. With only 4.1% of European companies reaching $15M+ rounds, compared to double that in the US, we can really see the scale of the underfunding problem for European growth-stage capital. Europe has raised $300B in growth-stage rounds since 2015, but that number would have been double if European companies had the same access to capital as their international peers. #VentureCapital #EuropeanStartups #TechEcosystem #StartupFunding #GrowthStage #EarlyStage #USInvestors #GlobalInvestment #VCTrends #InvestmentGrowth #Innovation #ScaleUp #TechFunding Share of tech startups (%) founded in 2015 that raise minimum sized round

🇪🇺 🚀 Let’s unite the European startup ecosystem! A standardized pan-European ‘EU Inc' corporate structure is essential for startups in Europe to thrive globally. In just 6 weeks, the new EU commissioners will set their agenda for the years ahead. Now is our chance to shape a unified, powerful future for tech in Europe. Join the many founders, investors, and leaders who have already signed this petition, including those from Stripe, Alan, DeepL, Remote, Rohlik, Supercell, Wise, Index Ventures, Atomico, and Sequoia. This is our call to European policymakers: unite our startup ecosystem. Sign the petition and help build a Europe where startups can scale seamlessly, employees share in success, and cross-border operations are streamlined. Let’s create a continent that’s a magnet for top talent and groundbreaking innovation. Together, we can turn this vision into reality. 🌍 Sign today and let’s get Europe’s tech future on the agenda! Signe here: https://www.eu-inc.org/

📣 A call for European policymakers to unify the startup ecosystem. If you also dream of Europe becoming the home of the world’s most valuable and innovative businesses, and a magnet for top talent in tech, sign the following petition to create a pan-European startup entity! #unifythestartupecosystem

#Sifted recently published its Sifted 50 Germany Leaderboard, which ranks the fastest-growing German #startups by revenue growth. Some interesting insights in there: 1. B2B SaaS business models have a significant share among growth leaders. #Fintech and consumer are well represented, #climatetech remains a dynamic theme, and #deeptech continues to see strong inflows of capital. The report validates the strong potential of deeptech in Germany as one of the preeminent industrial technology economies. 2. German bureaucracy remains a headache for founders. We are all reading daily comments on the dismal state of the German economy and the public sector. Lots to do here, and let's hope that the relevant decision-makers listen to ecosystem voices and organizations like Startup-Verband. 3. Larger exits remain a challenge. According to founders and VCs, Germany and Europe need to do more to convince founders and shareholders to IPO on the Continent and not in the U.S.. Fully subscribe to that. 4. Berlin leads the Top 50 with a distance, Munich is clearly the second major hub. My adopted hometown Hamburg comes in third with just three startups in the top 50 - there must be more the city can do to turbocharge the local ecosystem dear Freie und Hansestadt Hamburg. Link to the full report for download in the first comment. #startups #scaleups #tech #TMT #venturecapital #IPO

European founders, tech investors and operators if you haven’t signed its time to do so! ————- Europe, it's time for action! European startups are held back by fragmented regulations across 27 countries, trapped in national silos. We have a once-in-a-generation opportunity to change this. We propose the EU-Inc: a unified, pan-European startup entity to simplify investment, streamline operations, and standardize employee stock options. We have 6 weeks before the new European Commission sets its agenda for the coming years. Let’s ensure our voices are heard. Join us by signing this petition for the EU-Inc. Get your team, investors, portfolio, and friends on board. You're not alone—early supporters include Patrick Collison (Stripe), Niklas Zennström (Atomico), Luciana Lixandru (Sequoia) Matt Clifford (Entrepreneur First), Taavet Hinrikus (Wise), Reshma Sohoni, Constantijn Van Oranje-Nassau and many more! Together, we can make Europe the best place for innovators. The EU-Inc is the first step. Sign here: https://www.eu-inc.org 🇪🇺 #europe #venture #startups #founders

The French Tech Mission, Franceʼs government team responsible for supporting the start-up ecosystem growth in France, announces the award winners of the 5th edition of the French Tech Next40/120, a program dedicated to the 120 most advanced French start-ups. 🌍With the likes of Mirakl (marketplace technologies), Voodoo (video games) and Qonto (financial services), the 2024 cohort of the French Tech Next40/120 program brings together France’s 120 most successful start-ups, including 28 of France’s unicorns (startups with valuations exceeding $1 billion). Nearly 90% of these 120 start-ups already have an international business presence, notably in the US, Germany, Spain, Italy, and the UK. 🔝The 2024 cohort of the #FrenchTech Next40/120 is the most selective since the inception of the program and embodies the momentum in the French Tech ecosystem. In total, the 120 companies had a combined net revenue of €10 billion in 2023, up by 3% in one year and 31 (out of the 120) companies reported a net revenue exceeding €100 million. Acting as a driving force in France's economic, technological, and industrial landscape, these companies already employ 40,000 workers worldwide. 🌿DeepTech companies account for 23% of the 120 startups selected in the 5th edition. These companies are aligned with “France 2030” strategic plan, France's investment plan for emerging technologies in the most strategic sectors. Discover the new cohort here: https://lnkd.in/eMbqzasr   Clara Chappaz Marina Ferrari Bruno Le Maire Gabriel Attal Emmanuel Macron

There we go...another take on TechAngels' ambitious dream of fostering ten unicorn tech start-ups in Eastern Europe over the next decade⬇ by @BussinesMagazin ➡️TechAngels aims to shape regional tech start-ups into billion-euro companies, viewing this as a 10-year, two-investment-cycle journey. The strategy is built on new venture capital funds available in the region, a growing number of tech entrepreneurs, and increased confidence among local founders, moving beyond feelings of inferiority. ➡️Marius Istrate, our #TechAngels' board Chairman, emphasizes a shift in mindset among Eastern European tech founders, who are now more confident and driven to create globally competitive companies. He also points out the crucial role of the Romanian diaspora, with many entrepreneurs abroad starting or contributing to new tech ventures, thereby enhancing the regional tech ecosystem. ➡️TechAngels focus areas include enterprise software, B2B, SaaS, and deep tech, particularly AI and developer tools. Health tech remains another area of interest. Our members remain optimistic about fostering high-value innovation in these sectors and establishing Eastern Europe as a competitive player in the global tech landscape. #growingtogether #angelinvestors #startups #techecosystem #10unicornsin10years