With strong technical talent, regulations to encourage startups and a robust venture ecosystem, Europe is poised for accelerating growth in tech. Exits are on the rise, and Europe has become a world leader in areas like fintech and deep tech.
And it isn’t only the universities. American tech companies like Amazon, Facebook and Google have established large offices in Europe in the past decade, which has helped to further incubate talent.“In the past, this technical talent was locked into traditional IT companies across Europe,” said Pär-Jörgen Pärson, General Partner atand early investor in Spotify.
Technical salaries are generally 30 to 50% lower in Europe than in San Francisco, which allows venture capital dollars to go further. But the opportunity in Europe is much bigger than just price arbitrage; Europe constitutes the. Europe also has a relatively wealthy population with an increasing adoption of technology.
And with relatively stable governments, many European countries have put regulations in place to encourage and accelerate the tech industry, including visa sponsorship, tax schemes to promote angel investing and tax breaks for technical talent. In the UK, startup-friendly, which has created a nation of angel investors.
in Europe and an increasing number of Series A and B funds for follow-on as companies grow, which encourages them to stay put rather than abiding by the old practice of moving to the US to raise capital.
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