This story requires our BI Prime membership. To read the full article,Europe has minted a new generation of tech millions after some notable IPOs and acquisitions. These wealthy founders are now re-investing their earnings back into the continent's tech ecosystem.
It's a sign that the continent's ecosystem is becoming more like Silicon Valley where millionaires and tech entrepreneurs are major investors in new startup ventures. Talis Capital is a London-based venture capital fund which invests on behalf of wealthy private individualsThis is down to a few reasons. One is that some traditional types of investment don't offer the same attractive returns that they used to, such as property. Investors seeking higher returns need to look at riskier models, such as venture capital.
iZettle, and Adyen are just some of the major European exits in recent years while individual entrepreneurs such as TransferWise cofounder Taavet Hinrikus have been notable investors across a number of sectors. In fact, Dealroom calculates that 20% of new venture capital funds raised in Europe came from private limited partners and that 18% of the $28 billion investment in European startups in 2018 came directly from private wealth.A survey of investors in the US with more than $25 million to hand earlier this year found that the average age of wealthy investors had dropped to 47, down from a previous 58.
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