According to a recent report, the Investments in European growth-stage startups and the total number of financings has doubled over the last three years.
The study “'Life is Growth' – How, where and when European tech companies start scaling up” was conducted by the market research company Tech.eu and the software platform for online payment processing StripeIt examines the development of European startups in the growth phase over the past three years and thus directly follows on from the previous report "Seed the Future".
GB, Germany, Sweden and France in the pioneering role
According to the report, between 2016 and 2018, €30 billion was invested in approximately 2,000 European tech startups in more than 2,300 financing rounds. Both investments in European startups in the growth phase and the number of financings doubled over this period. This positive development is primarily due to France, Germany, the United Kingdom, and Sweden. Scale-ups in these four countries raised a total of €21 billion, or 70 percent of growth financing.
Distribution of investments in European startups in the growth phase © Tech.eu
In a European comparison, Great Britain is ranked with 8.82 billion euros
in first place, followed by France in second place with €5.44 billion and Germany in third place with €4.85 billion. Sweden is slightly further back in fourth place with €2.06 billion. France and Germany recorded the largest investment increases compared to the previous year, at 27 percent and 26 percent, respectively, while the figure stagnated in Great Britain and fell by 13 percent in Sweden.
Fintech, Medtech, Healthtech and SaaS companies benefit the most
The largest share of investments across Europe went to fintech, medtech, healthtech, and SaaS companies. While the fintech sector benefited most in the UK and Germany, the majority of investments in France went to medtech companies.
