Analysis of investment landscape in Europe in 2023.
Affinity published an 2023 Investment Benchmark Report: European edition. Here are the key takeaways from the report:
1) Unicorn birth rate drops 80% in Germany, 55% in UK and 45% in France. Investment decline is significant in in Netherlands (over 50%), Germany, Sweden, Norway and Lithuania (~40%), UK dropped 20%.
2) Countries like Ireland, Italy, and Croatia saw positive growth during this time period. Croatia stands out with an impressive 400% YoY growth in investment, and the emergence of its first unicorns in 2022. One important contributing factor is Croatia’s talent pool.
3) The Nordic countries, including Denmark, Norway, Sweden, Finland, and Iceland, are currently experiencing a startup boom. In 2022, a year of global recalibration, Nordic countries demonstrated resilience and achieved their second-highest year for VC funding, indicating the sustained growth of the region's startup ecosystem.
4) Industry overview:
- Fintech remains the top industry for investment in Europe, especially in the U.K. and France.
- The energy industry has flourished in the region, with $34.6B raised across 1,388 deals in 2022. This was primarily driven by the European Green Deal and the need for clean energy solutions.
- The Russia-Ukraine conflict caused investors to shift capital investment to traditional and renewable energy companies.
- Security has shown more resilience than others in 2022, showing strong seed stage investment, and a solid talent pool across the region. Europe is building up its digital sovereignty with efforts like the European Cybersecurity Investment Platform
EUVC made a satirical yet to the point review of the analysis done by Affinity identifying several important trends to be noted.
1) Will Croatia sustain the same increase in 2023? Or will the Netherlands and Germany have their VC economy shrink another 50-40% in 2023? Likely not.
2) While 2022 was a challenging year for Fintech industry, Europe’s fintech industry is growing at a rapid pace. In fact, London now ties with the Bay Area as the top global hub for fintech startups, having received a $9.7B in investment in 2022.
3) Climate tech is another area where Europe made significant strides having raised 42% of all climate tech dollars and growing 26% faster than the U.S. year-over-year.
4) The top VC firms in the Southern region of Europe (countries like Italy, Croatia, Greece, and Spain) have grown their networks rapidly with an impressive 251% in network size from H1 to H2 of 2022
https://t.me/threenstartups
#report #investmentbenchmarkreport2023 #eu #europeanfundingtrends
Affinity published an 2023 Investment Benchmark Report: European edition. Here are the key takeaways from the report:
1) Unicorn birth rate drops 80% in Germany, 55% in UK and 45% in France. Investment decline is significant in in Netherlands (over 50%), Germany, Sweden, Norway and Lithuania (~40%), UK dropped 20%.
2) Countries like Ireland, Italy, and Croatia saw positive growth during this time period. Croatia stands out with an impressive 400% YoY growth in investment, and the emergence of its first unicorns in 2022. One important contributing factor is Croatia’s talent pool.
3) The Nordic countries, including Denmark, Norway, Sweden, Finland, and Iceland, are currently experiencing a startup boom. In 2022, a year of global recalibration, Nordic countries demonstrated resilience and achieved their second-highest year for VC funding, indicating the sustained growth of the region's startup ecosystem.
4) Industry overview:
- Fintech remains the top industry for investment in Europe, especially in the U.K. and France.
- The energy industry has flourished in the region, with $34.6B raised across 1,388 deals in 2022. This was primarily driven by the European Green Deal and the need for clean energy solutions.
- The Russia-Ukraine conflict caused investors to shift capital investment to traditional and renewable energy companies.
- Security has shown more resilience than others in 2022, showing strong seed stage investment, and a solid talent pool across the region. Europe is building up its digital sovereignty with efforts like the European Cybersecurity Investment Platform
EUVC made a satirical yet to the point review of the analysis done by Affinity identifying several important trends to be noted.
1) Will Croatia sustain the same increase in 2023? Or will the Netherlands and Germany have their VC economy shrink another 50-40% in 2023? Likely not.
2) While 2022 was a challenging year for Fintech industry, Europe’s fintech industry is growing at a rapid pace. In fact, London now ties with the Bay Area as the top global hub for fintech startups, having received a $9.7B in investment in 2022.
3) Climate tech is another area where Europe made significant strides having raised 42% of all climate tech dollars and growing 26% faster than the U.S. year-over-year.
4) The top VC firms in the Southern region of Europe (countries like Italy, Croatia, Greece, and Spain) have grown their networks rapidly with an impressive 251% in network size from H1 to H2 of 2022
https://t.me/threenstartups
#report #investmentbenchmarkreport2023 #eu #europeanfundingtrends
Comments
Be the first to add a comment
Log in to comment