Atomico’s State of European Tech Report 2024 and FinTech
The 10th-anniversary edition of Atomico’s State of European Tech 2024 report has been released, offering a data-driven analysis of the trends, challenges, and opportunities that have shaped European tech over the past decade.
This landmark edition provides valuable insights into the current state of the ecosystem and outlines what is needed to fully unlock its potential.
In this article, I highlight key findings from the report, particularly those related to insurance, FinTech, and regulation.
The report celebrates Europe’s FinTech sector as a standout success story, further solidifying the region’s reputation for financial innovation.
Notably, 17% of all FinTech startups that raised seed funding in 2015 have progressed to a sixth funding round or beyond—the highest success rate across all sectors in Europe.
Six key areas are identified as critical to unlocking the future European tech deserves:
- Unlocking capital at scale
- Increasing liquidity
- Expanding customer access
- Driving regulatory dynamism
- Enhancing global talent competitiveness
- Commercializing R&D
The report also highlights the pivotal role of insurers and pension funds in addressing Europe’s funding gap.
Currently, European pension funds allocate only 0.007% of their capital to global venture capital investments, compared to 0.029% by their U.S. counterparts.
Read full report here.
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