New Palo Alto & EMEA in the next decade
The rise of EMEA
EMEA’s tech ecosystem now worth over $4 trillion. New Palo Alto produced 200 unicorns and 14 decacorns. Now, the youngest generation of startups is able to compete on a global scale.
Every year, about 3,500 new startups receive their first investment from a VC in EMEA. Europe’s share of global early-stage VC is at a record 22% in 2023.
Investor interest in Europe has grown more than 4x and has stayed elevated even during Q1 2023. Seven of the top 10 investors in EMEA startups have their main office and major team presence in New Palo Alto.
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