European startups expected to hit record of $100 billion from investors this year

According to venture capital firm Atomico, tech start ups are on track to receive a record $121 billion in funding this year. 

Its been said that an explosion in mega-deals has helped smash last year’s $41 billion record invested in the continent’s startups.

A combined $275 billion worth of enterprise value was produced by European tech company exits this year.

Europe’s largest startups appeared virtually unaffected by the impact of the pandemic with 98 new ‘unicorn’ companies (Valued at over $1 billion) emerging this year. The number ‘decacorns’ (valued at over $10 billion) doubled to 26.

American startups’ share of global capital dropped from 55% to 35% in the past 6 years whilst European startups grew from 25% to 33% at the same time.