- VCs have invested €17.6 billion ($21.25 billion) into European startups in Q1 2021, new data shows.
- High-profile IPOs by Deliveroo and TrustPilot have sent EU exits to a quarterly high of €21 billion.
- America’s SPAC craze is set to push across into Europe, according to Pitchbook analyst Nalin Patel.
Venture capital investment into European startups in 2021 is set to eclipse the €45.3 billion ($54.7 billion) record set last year, new figures show.
A quarterly high of €17.6 billion ($21.25 billion) was invested into companies across Europe in the opening three months of the year, according to figures from research firm Pitchbook.
The US has long dominated VC investment across the world with $156 billion invested into domestic startups over the course of 2020 alone, as per figures from the National Venture Capital Association. But investor appetite for European startups has continued to swell in recent years as backers look beyond the US for innovative companies.
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