2018 Key Findings Another record year for investment into the European tech ecosystem CAPITAL INVESTED $ B 23 Record sums invested in Europe’s technology ecosystem- $23bn in 2018 up from just $5bn in 2013. TECH IPO COMPANIES X $ B 4 5 There were four tech IPOs or direct listings of European tech companies in 2018 that reached valuations of more than $5B on opening day, including Europe’s largest ever venture- backed publicly-listed tech company, Spotify. In total, Europe contributed three of the top 10 largest tech IPOs globally of 2018. Europe urgently needs to fix its diversity & inclusion problem CAPITAL INVESTED % 93 93% of all funds raised by European VC-backed companies went to all-male founding teams in 2018. GENDER DISCRIMINATION % 46 Almost half of women reported that they have experienced discrimination in the European tech sector. This is a point of clear tension with the 75% of respondents who think the culture at their European startup is inclusive. In European tech, discrimination appears to be someone else’s problem. & 4 In Partnership with www.thestateofeuropeantech.com
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