The Rise Of The Euro Mega-Round

TechCrunch

Slowly, quietly, but increasingly more noisily, startups originally hailing from Europe but going global have been raising larger and larger funding rounds. The linch-pin in the ecosystem has been financing from London (handily, that’s we’re holding out Disrupt conference there in October). You can be a startup from the most obscure village in Europe, your developers happily hacking away in some austerity-stricken part of town, but raising financing from VCs who like the combination of the UK’s legal jurisdiction, the English language, and the fact that US investors barely need to tick a box to invest when the startup’s founders come calling. The other city attracting VC attention is Berlin. According to Dow Jones VentureSource in the second quarter last year Germany received $375.8m in new VC for 67 deals, mainly in Berlin, while the UK won $290m for 77 deals.

But London is fighting back. Three funding rounds that…

View original post 392 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s