For years, business founders in Europe have marveled at the caliber of the American tech companies emerging from Silicon Valley. Well, now the time is changing! The European tech landscape is expanding rapidly, signaling the start of a golden age of European tech entrepreneurship.
Europe tech sector value skyrockets
According to the latest report produced by Dealroom for Index Ventures, Europe’s tech sector is worth four times what it was five years ago, having lept from €155B in 2015 to €618B in 2020. The new data produced by Dealroom for the “Not Optional – Making Europe the Most Entrepreneurial Continent” summit – an event hosted by Index Ventures and Slush, reveals that the value of European tech companies has increased rapidly. The value of European tech companies skyrocketed by 46% in 2020 alone.