Frontline Ventures: New report shows US startups avoiding Europe post-Brexit - Business Insider

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The number of US software firms expanding to Europe collapsed 60% after the UK's Brexit vote and has yet to recover

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One curious side-effect in the years since is a dropoff in fast-growing US enterprise software companies moving to the UK, and Europe more generally.about their previous and potential expansions to Europe with data across a 15-year period. Frontline's research estimates that well-run enterprise software companies should derive between 25-35% of their global revenue from Europe by the time they go public. Frontline cites examples ranging from Dropbox, Zendesk, Slack, and Cloudflare to demonstrate this. That's a huge amount of lost potential revenue for the companies that don't expand.

 

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