To download this report please visit: http://bit.ly/Atomico
This magazine contains the Executive Summary of the 2016 Edition of The State of European Tech.
Commissioned and produced by Atomico, a European-based global venture capital firm, in partnership with Slush, the organisers of the Slush technology conference in Helsinki, Finland, the report outlines three key trends underlying the growing influence and success of the European technology industry:
1. Deep tech is thriving and diversifying in Europe: 2016 was a bumper year with $88B in deep tech M&A; more US and Asian tech giants buying up European deep tech companies and tapping into a growing deep tech talent pool.
2. New tech hubs are emerging across Europe beyond the existing order of London, Berlin, and Stockholm. The report suggests that Munich, Zurich, Lisbon, Madrid, and Copenhagen will be ones to watch over the coming years. Paris is starting to seriously challenge London and Berlin in number of VC-financed deals and deal volume.
3. Traditional industries are awakening to tech: two thirds of Europe’s largest corporates by market cap have made a direct investment in tech companies while one third has acquired a tech company since the beginning of 2015.
This is the second year in a row that Slush and Atomico have produced their data-driven look inside the European tech ecosystem, with this year’s report including data from LinkedIn, Meetup, Stack Overflow, Dealroom.co, and the London Stock Exchange.