The rise of late-stage tech funding in Europe

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The rise of late-stage tech funding in Europe

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(Note: this is my introduction text to the latest Tech.eu research report, compiled in collaboration with Stripe, on the recent increase of late-stage funding rounds for European scale-ups.)
To continue scaling up and accelerate the maturation process of its key tech hubs, Europe has to play to its strengths and eliminate some of its inherent weaknesses to mitigate the risk of getting left behind.
Two of these weaknesses have historically been the lack of major exits and late-stage financing rounds (€100 million and more) for Europe’s fastest-growing tech businesses as catalysts for growth.
As we’ve detailed in previous reports on the influx of capital for Europe’s finest tech startups, there has been a tremendous increase in investment volume for early-stage and growth-stage companies in recent years, with no signs of a slowdown so far.
Stripe and Tech.eu have joined forces to research how much late-stage funding (€100 million rounds and above) has been invested in European tech from the beginning of 2015 to date (Q3 2019), and the findings speak for themselves.
Especially in the last twelve months, late-stage capital has found its way to Europe’s finest tech companies, with the likes of Klarna, GetYourGuide, Transferwise, UiPath, Deliveroo, Glovo, Bolt and many others raising mega funding rounds in pursuit of faster growth and international expansion.
Others such as Spotify, Farfetch and Delivery Hero have opted for IPOs and turning to public market investors to finance their growth, although there’s been a noticeable overall decrease of exits in Europe in recent years as well.
The very rise of late-stage funding in Europe is partially a cause for this, as successful tech companies now have more options for staying private longer than ever before, in parallel with companies in other ecosystems across the world

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