Last year, the European tech startup market was at its strongest ever position, claims Atomico’s The State of European Tech 2020 report. However, the COVID-19 pandemic brought an economic shock that derailed the progress. While investors and founders prepared themselves to face the worst during the uncertain times, Governments rushed to provide liquidity. Gradually, the European tech ecosystem weathered the storm and realised another year of record-smashing investments, beating the odds.
European VC is standing on its own feet, continuing its outperformance as opposed to other investments, and minimising the dependence on government aids, notes the report. The most successful companies in the region have continued to smash records and hit record valuations. Having said that, here we have listed 10 largest funding rounds in Europe in 2020, according to the Atomico’s report.