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UK is Europe’s biggest destination for technology investment
Amid a downward trend in investment worldwide and a fall in American investment in European technology, the latest annual State of European Tech report by Atomico found that overall there was a marked drop in the amount of capital flowing into technology businesses after a period of growth in 2021.
The top takeaways from Atomico’s State of European Tech report
Atomico’s 2023 State of European Tech report paints a topsy-turvy picture of European tech. Investors and founders alike are struggling to raise cash, investment has dropped on levels seen across 2021 and 2022 and funding for underrepresented founders is still embarrassingly poor.