29 Jan '15, 12am

European VC Funding Reached 13-Yr High In 2014: Tech companies, many based in London and Berlin, are gaining s...

European VC Funding Reached 13-Yr High In 2014: Tech companies, many based in London and Berlin, are gaining s...

A week ago, we reported that venture funding for U.S. startups is booming . Turns out, the good news isn’t for U.S. startups alone. European VC investment was also at its highest in 2014 since the dot-com boom. According to data published this week by Dow Jones VentureSource , European startups raised $8.9 billion (€7.9 billion) last year across 1460 deals, up from €6.3 billion in 2013. That’s the largest investment since 2001, when European ventures secured €10.6 billion. The funds are going predominantly to tech startups. And most of them are in the United Kingdom and Germany. London and Berlin are Europe’s fastest growing tech hubs , teeming with companies setting up offices in converted warehouses and startup lofts. Tech companies in London raised $1.4 billion and those in Berlin secured $1.1 billion, according to the research company CB Insights. These numbers might b...

Full article: http://spectrum.ieee.org/tech-talk/at-work/start-ups/euro...

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