INSUBCONTINENT EXCLUSIVE:
contrast from five years ago when the The State of European Tech report made its debut
Almost every key indicator is up and to the right, except, rather depressingly, diversity.The data shows, for example, that competition for
talent and access to the best founders has increased ferociously
And from a funding perspective, European founders have more choice than ever, especially with U.S
and Asian VC firms investing more and more in the region
first, a few headlines from the report:European technology companies are on track to raise a record 30$B+ in funding in 2019, up from $25B
(Source: Dealroom)Despite failing to match the level of venture-backed exits of 2018, there was a record number of 40 $100M-plus deals as of
September 2019, a size that many European tech sceptics did not believe was possible
(Source: Dealroom)A number of multi-billion-dollar non-venture backed companies like Nexi and Trainline made their debut on the public
markets.European tech policymaking remains a mystery to many European founders.When asked to describe the top priority of the European
(Source: survey)Despite this reported lack of awareness on policy issues, all respondents voted EU competition commissioner Margrethe
Vestager as the person who had the most influence on European tech in 2019, good or bad
all-male teams, a similar level to 2018
(Source: Dealroom)There is still only one woman CTO in the 119 companies (
