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State of European Tech 2020: Finland second in capital investments per capita
State of European Tech, an annual report by Atomico, ranks Finland second in capital investments per capita and finds a resilient European tech scene during a hard-won year. Samuli Ojala
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European tech startups and growth companies are on track to have a record year in terms of capital invested, raising a projected maximum total of 41 billion US dollars, compared to 38.6 billion in 2019. After a sluggish second quarter, investments in the companies bounced back to hit five billion dollars in the month of September – an all-time high.
Contrary to widespread fears at the onset of the coronavirus crisis, investors have not retreated within their national borders to weather the storm. For example, 19 per cent of investment rounds were backed by at least one US investor, up from 16 per cent in 2019.