With Europe in coronavirus lockdown, venture capital fund manager Fergal Mullen told his investors in April he would find it hard to back a startup without first meeting its founders.
And, according to interviews with more than half a dozen investors, the wider recovery in European tech investment activity looks likely to extend into 2021 as venture-backed startups achieve scale. Nearly two-thirds of venture capitalists and 70per cent of their investors expect European tech to gain ground on the United States and China over the next decade, according a survey by Atomico.Early-stage and growth investor Index Ventures raised US$2 billion just before the coronavirus pandemic hit, and soon discovered that remote working enabled it to review and do deals far more quickly.
UiPath, whose software helps automate routine business tasks, has achieved similar 'decacorn' status while still private and, like Klarna, is eyeing an IPO in 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq roars back as tech stocks gain groundREUTERS: U.S. stocks advanced on Tuesday, with the Nasdaq jumping over 3per cent to recoup its losses in the previous session as U.S. bond ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nasdaq surges 3per cent as tech stocks roar backU.S. stocks advanced on Tuesday, with the Nasdaq jumping over 3per cent to recoup its losses from the previous session, as U.S. bond yields ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nasdaq surges as tech stocks roar backU.S. stocks advanced on Tuesday, with the Nasdaq jumping over 3per cent to recoup its losses from the previous session, as U.S. bond yields ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe's IPO market roars back to life, can it last?LONDON: The European market for initial public offerings has come roaring back this year after a moribund, COVID-hit 2020, but the poor debut ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
European businesses hopeful of China-EU investment dealEuropean businesses in China are hopeful of an European Union-China investment deal by the end of the year, the head of the European Chamber of ... Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles Mutual benefits, could be a good deal.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »