Tech investment into Europe is surging — but it's more than just a hedge for the US-China trade war

Venture capital firm Atomico found that $34 billion has been pumped into European start-ups so far this year, which is 40% more than last year.

But investments into European start-ups are more than just a hedge, according to Atomico partner Tom Wehmeier.Prisma by Dukas | Universal Images Group | Getty Images So far this year, over 20% of European start-up funding rounds have included a U.S. or Asian investor, up from 10% in 2015, venture capital firm Atomico claimed in itsThe U.S.-China trade war makes Europe look like a relatively safe middle-ground, but that's not why North American and Asian investors are choosing to back European start-ups, according to Tom Wehmeier, partner and head of research at Atomico.

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