EU tech investment holds up under the impact of COVID-19 pandemic
European tech investment did not collapse under the weight of the COVID-19 crisis, a report from Atomico shows. Instead, Europe seems to have benefited from going online.
Disclosed investments in EU technology are in line to reach $34.9 billion in 2020, with the expectation that a record of $41 billion will be hit when data from all funding rounds is collated.
That will exceed the $38.6 billion invested in 2019, when there were almost 180 companies valued at $1 billion or more.
Atomico’s report shows institutional investors are putting three more times money into EU tech companies than five years ago.