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Resilient European tech startups near record $41 billion investment - report

  • 📰 Reuters
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European tech startup investment has bounced back from the spring shock of the coronavirus outbreak and is on track to hit a record high this year, venture capital firm Atomico forecast.

FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid

With 115 venture capital-backed ‘unicorns’, with a valuation of more than $1 billion, the total valuation of tech firms founded in Europe since 2000 has grown to nearly $1 trillion. While Europe still lags North America by five to one in terms of dollars invested, the amount of institutional money flowing into venture capital has grown threefold over the last five years, Atomico estimates.

Although travel tech has been hit hard by lockdowns, Berlin startups GetYourGuide and Omio attracted fresh funds from investors taking a view that they will prosper once the pandemic passes.Europe notched up 32 initial public offerings by technology firms through October, with just three valued above $1 billion, overshadowed by outsized tech IPOs in the United States.

 

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हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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Resilient European tech startups near record $41 billion investment, reportEuropean tech startup investment has bounced back from the spring shock of the coronavirus outbreak and is on track to hit a record high this year, venture capital firm Atomico forecast. thanks Good news for EITeu They also invest in cryptocurrency
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