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European Tech reportTechCrunch
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80% Informative
State of European Tech report by European VC firm Atomico says startups in the region are on track to raise $45 million this year .
However, the figure is still down by $2 billion compared to a year ago .
There are now 35,000 tech companies in Europe that could be classified as “early stage” with 3,400 late-stage companies and 358 valued at over $1 billion .
If confidence is a strong indicator of the health of a market, there might be some work ahead for the motivators in out there. Atomico has been polling founders and investors annually asking how they feel about the state of the market compared to a year ago , and 2024 appears to a high watermark for low confidence. In a frank assessment of how founders and investors are viewing the market at the moment, a record proportion — respectively 40% and 26% — said they felt less confident than 12 months ago ..
VR Score
88
Informative language
92
Neutral language
26
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semi-formal
Language
English
Language complexity
39
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short-lived
External references
1
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1
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