European start-up hotspots: An analysis based on VC-backed companies
Through the perspective of VC-backed companies, this report describes the main locations of start-up activity in Europe, i.e. start-up hotspots. It aims at providing evidence on start-up activity in Europe and at describing the European VC activity over the last two decades. The study reports the following:
• Europe receives 15% of global VC investments. After the dot.com hype, VC activity in Europe decreased and has never come close to the levels from 2000. VC funds have also moved away from seed to later stage of funding.
• 28% of all European VC-backed companies are based in one of the 20 cities. Paris, London and Berlin lead the ranking of cities with the highest number of VC-backed companies in Europe.
• The location of a start-up is likely to be one of the major factors influencing the amount of money it receives from VC funds and the number of funding rounds it goes through.
• Majority of European VC-backed companies are up to 8 years old and have up to 100 employees.
• The majority of VC-backed firms in Europe belong to the Business, Consumer and Retail industries.
NEPELSKI Daniel;
PIROLI Giuseppe;
DE PRATO Giuditta;
2016-07-20
European Commission
JRC101215
978-92-79-59933-0,
1831-9424,
EUR 28021,
OP LF-NA-28021-EN-N,
https://publications.jrc.ec.europa.eu/repository/handle/JRC101215,
10.2791/39207,
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