The European Venture ecosystem is growing with its areas of strength being healthcare, fintech, deep tech, data and analytics, and others. However, there are lots of challenges that are preventing promising tech companies from becoming global leaders, including the lack of funds needed to fuel international success. Many of Europe’s tech companies are proliferating at Seed and Series A, but remain starved of funding at the growth stage.
According to Dealroom’s report, European companies raised 38% of global venture capital at Seed, but this figure dropped to 21% at Series B and 14% at Series C (rounds of €40-100M). Unless this issue is resolved, Europe will not reach its full potential. Well, the Geneva-headquartered Highland Europe aims to address this problem with a focus on mission-critical growth-stage software and consumer technology companies.