05.2 Every City is a Tech City It’s interesting to compare the ‘bang for buck’ different cities have achieved by measuring across them the level of capital investment per local professional developer. Such It's interesting to compare the 'bang for buck' that different cities have achieved by measuring the level of capital comparison shows Berlin stands apart as a real outlier, having attracted a disproportionate investment per local professional developer in those cities. In doing this, Berlin stands apart as a real outlier having level of investment relative to its local developer pool. attracted a disproportionate level of investment relative to its local developer pool. Top 10 European cities for capital invested ($) 100,000 $97,404 per professional developer LEGEND ) 75,000 $ ( $66,337 Capital invested per developer ($) d $63,019 e t s European average ($) e v n i l 50,000 a $45,000 t pi a $36,138 C $31,255 25,000 $24,432 $13,906 $13,906 $13,906 $13,906 $13,906 $13,906 $19,106 $19,096 $12,224 0 n n n a s g d i n i m i i r i k l o l l n r r n e r d o b o a u d i g e n h u l P b a s a B o k D e l h c c m M e n L o r a H e t a H p S B o C Note: Investment amounts are based on capital invested in the city in Source: aggregate between 2012 and September 2018 divided by the total number of professional developers (2018) in the city. The emergence of global hits like UIPath from Bucharest, Supercell from Helsinki, Farfetch from Lisbon -- all from far beyond the unicorn-factories of London, Stockholm and Berlin - marks a new era for Europe. “ The big change is that there are now plenty of examples of how it’s possible to create world-changing companies from all over Europe. The emergence of global hits like UIPath from Bucharest, Supercell from Helsinki, Farfetch from Lisbon -- all from far beyond the unicorn-factories of London, Stockholm and Berlin - marks a new era for Europe. However, so far founders from non-hub cities have been inadequately served by investors who tend to focus on Ophelia Brown the traditional geographies and are not equipped to offer the same Blossom Capital support when a startup originates from a small town in, for example, Germany or Estonia.” Europe’s tech community outside its Top TECH HUBS EVERYWHERE 20 hubs continues to flourish of all tech-related Meetups in Europe that % now happen outside of the Top 20 hubs in 53 the region, up from 42% in 2014. Berlin’s relatively small professional developer CAPITAL BANG PER DEVELOPER BUCK community has attracted a disproportionate amount of capital investment compared to any other European city, including London $97,404 capital invested since 2013 per developer in Berlin, the highest concentration of capital invested per developer of any European city & 69 In Partnership with www.thestateofeuropeantech.com