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European tech – Q3 2023

  • $18.3B raised by European startups in Q3 2023.
  • Europe’s share of global VC is at 19%, but from 13% in 2013.
  • 2023 has produced 11 new European unicorns, three of which came in Q3.
  • A move towards hard tech and manufacturing, and away from marketplaces and ecommerce.
  • Grenoble and Hamburg the fastest-growing hubs by VC investment. London, Paris and Stockholm the largest by venture volume in 2023.

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