How sturdy are Europe’s tech unicorns?

The Economist LogoThe Economist1 mo ago

How sturdy are Europe’s tech unicorns?

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On top of more home-grown experience and capital, as well as a hardier structure, European firms boast certain comparative advantages that will come in handy in a leaner, post-pandemic era.

Startup valuations rocketed accordingly, pushing the number of European “unicorns”, private firms worth more than $1bn, to 170 today, about 14% of the world’s total.

In 2021 European vc firms accounted for a third of all investments globally under $5m, estimates Dealroom—almost as much as their American counterparts.

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Category: EconomyFinance

Topics: Startup company Accomplishment business and finance Economy Service Entrepreneur Europe Business enterprise Investments Recession Business enterprise

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 20:22:48

News Timezone: GMT -5:00

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Language: English

Reading Time: 8 minutes read

Article Length: 1391 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29759

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