EUROPE'S WAKING UP!
WE HAVE 99
⋆BILLION-DOLLAR⋆
COMPANIES AND COUNTING

Digging into 244 pages worth of statistics isn't something we do every day. But when it comes to Atomico's reports on how European tech startups are doing, we don't hesitate to make an exception. Just as this year and the entire decade are wrapping up, their findings for 2019 came out. No spoilers – but it's pretty much all good news! We've picked the six most interesting pieces of data we could dig out from the reports. Here they are!

We now have 99 VC-backed European tech companies worth more than a billion dollars. Let's see if we reach the 100 companies milestone in this decade or at the beginning of the next one. It seems inevitable!

For comparison, Europe had 85 billion-dollar businesses in 2018, and the current 99 companies are spread among 20 countries.

The top 5 in terms of unicorns? United Kingdom, Germany, France, Sweden, and the Netherlands.

While the US and Asia have seen a decline in capital investments in tech startups, Europe has seen more money flowing in than the year before.

However, we still have a long way to go if we want to catch up with our transatlantic neighbors – the volume of capital invested in the US is roughly 3.4x higher, with over $116.7 billion vs. $34.3 billion.

Since 2014, capital invested in Europe has increased by 124%. This number has grown by over 39% since 2018.

The second quarter of 2019 saw $11.6B invested into our tech companies, surpassing the 10-billion dollar mark for the first time ever. 36% of all deals exceeded $100M.

It's a good time to be in fintech! Since 2015, $25B has been plowed into European fintech companies. The second-largest sector in terms of capital invested has been enterprise software. European businesses in these two sectors have raised close to $50B in the past five years.

Health, energy, and transportation also made the top 5 sectors.

While the overall valuation of US publicly traded companies sits higher, Europe has produced more tech IPOs than our American counterparts.

The most surprising thing is that it hasn't been the case just in 2019 – we've had more IPOs every year since 2015! For example, in 2018, there were 32 tech IPOs in the US and 87 in Europe.

According to the report, this has been a problem in the European tech landscape for the past couple of years. While it's not that surprising that just 0.4% of teams are women-only, what should surprise us at the end of 2019 is that for every woman executive, there are 12 men executives.

Also, $92 in every $100 invested this year went to teams that are all men, and just $8 went to mixed-gender teams.

This is definitely something to work on in the 2020s!

You can read the full report on The State of European Tech here.

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