Want to make sense of 2023, but don't have much time? Or simply want to start with the top-line view? We've whittled down the report to the most fundamental and useful findings of the year, so that you can get the top-line view on the State of European Tech 2023.

We asked LPs to tell us about their priorities, concerns, wishes, and activity. Learn more about the trends they’ve observed this year and the changes they’re driving.

This year has been another challenging one for founders, with many of the macro challenges we saw in 2022 persisting. If you're a founder and want to know how others in the industry are navigating the downturn, then this is the reading track for you.

The report has continued to shine a light on lack of diversity in VC and tech for many year. Despite being a well recognised issue within the ecosystem, the pace of progress continues to move only at snail pace in 2023.

It wouldn’t be the State of European Tech 2023 if we didn’t talk about the theme that’s dominated the headlines - AI.

If you want to know the truth behind AI in Europe this year, then this is the reading track for you.

The Nordic startup ecosystem has grown significantly in recent years. With success stories like Spotify, Wolt, and Unity, it has become a highly attractive hub for venture capital investors, attracting more than 10% of all funding in Europe. Read on to learn what’s unfolding in the north, as we delve into the state of Nordic tech in 2023.

While 2023 tech investment in Europe is far off from the highs of the past two years,

there were still clear indications that tech and innovation remain the engines for

economic growth in Europe and across the globe.

Over the course of 2023, we've seen investment levels stabilise, including at the Growth level, where there has already been much commentary, continued robustness at the Seed stage, and the emergence of green shoots amidst a tough macro environment. Click here to see the charts that interested us the most.

While the European per capita champion in startup and $B+ company creation has seen a deceleration in funding similarly to rest of Europe, the small but mighty ecosystem continues to attract tech talent.

As one of the biggest powerhouses in European tech, Germany had a big role to play in the story of 2023. While AI in Germany had a successful year, with the likes of Aleph Alpha, Helsing AI and DeepL raising megarounds, overall investment levels declined to $7.8B. Here, we examine the full story of German tech in 2023.

Though France was by no means exempt from the global tech slowdown, there are plenty of reasons to be optimistic about the future of French tech, with an ever-growing talent base and AI innovation on the rise with the likes of Mistral AI. Here, we examine the full story of French tech in 2023.