STOCKHOLM, Nov 28 (Reuters) - Total capital invested into European tech startups is projected to fall to $45 billion this year, down 55% from 2021, when investment volumes surpassed $100 billion for the first time, according to a report from venture capital firm Atomico.
The decline was mostly due to later-stage companies delaying fundraising, as well as a slower pace of deployment by investors, the report said.
In 2022, capital invested in Europe was $82 billion.
Over the five-year period between 2018 and 2022, a total of 257 European tech companies reached a billion-dollar valuation, including more than 150 in 2021 and 2022, according to Atomico.
However, Europe's funding rounds will still be 18% higher compared with 2020, a year before the tech investment boom of 2021.
Persons:
Tom Wehmeier, Wehmeier, Atomico, Supantha Mukherjee, Matthew Lewis
Organizations:
Thomson
Locations:
STOCKHOLM, Atomico, Europe, United States, China, Stockholm