2017 Was a Big Year for European Tech. Can It Continue?

Last year marked a record year for fundraising by the continent's tech firms

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Europe hasn’t yet developed a Silicon Valley, but it’s becoming a hotbed of innovation and entrepreneurship.

Last year marked a record year for fundraising by European tech firms, according to investment bank Bullhorn’s July report. It notes that the old continent’s tech ecosystem continues to thrive, spawning unicorns—startup companies valued at over $1 billion—at an unprecedented rate. The report also found that half of the 50 tech companies predicted to become Europe’s giants (and receive the bulk of future VC funding) operate in software as a service (SaaS), financial tech (fintech) and transportation industries.



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