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Posted inAnalysis, News

European tech investments set to rise despite Brexit shadow

Investment in European technology firms is expected to rise from $12.6bn in 2015 to $13.6bn in 2016, according to a report published by VC firm Atomico.

The report identified three key trends in Europe: growth in “deep tech” startups (for example those focused on machine-learning and AI); new tech hubs emerging in Munich, Zurich, Lisbon, Madrid and Copenhagen to sit alongside London, Berlin, Stockholm and Paris; and investments and acquisitions in tech by large corporations.

The report suggested that Europe still faces a “late-stage funding gap” for startups that are scaling up, leading many to seek their larger, later rounds of funding outside Europe.