European tech startups break records with $34bn in venture capital funding this year

Time Lapse Photography of Blue Lights

European tech startups won a record $34bn in venture capital funding this year, up 40% from 2018, outshining the Asian and US markets, which saw a dip in investment.

The sharp jump, highlighted in Atomico’s latest report on the State of European Tech, adds to a growing sentiment that the European tech ecosystem is finally coming of age. 

“It does feel like we are in a golden age for Europe now,” says Sonali de Rycker, partner at venture capital fund Accel. “The quality of talent, the level of ambition and availability of capital are at a completely different scale.”

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