as we get In our dive into the Q3 2021 venture capital numbers, we focus on one region in particular: Europe.
While venture capital gains have proven impressive in markets such as India, Latin America and the larger African startup ecosystem, Europe has posted strong results of its own. A string of recent exits from the European startup hub make its performance all the more interesting.
New data indicates that the French startup market is posting record totals in terms of dollars raised. CB Insights Nearly $8 billion has been invested in French startups in the last two quarters, the total is roughly divided between the two periods. For comparison, this two-quarters figure is billions more than French startups raised throughout 2020.
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Throw in Notable IPOs, Including trucker this morning, and you have to have at least one look at Europe.
Our approach on the matter is hardly unique: Techstars recently announced Two new shows on the continent, one in France and one in Sweden, show that it also sees a lot to like in Europe.
The exchange wanted to know why the global accelerator group chose those two markets over the others, how much cash the group is offering for the shares, if there are enough founders in Europe to fill even more accelerator batches, and what region. Follow-up capital is needed to support pre-seed and other early stage startups.
So, we spoke on the phone with the CEO of Techstars Male Gaveto To dig into his company’s decisions. Let’s talk Europe!
Why did Techstars choose Paris, Stockholm?
According to Techstars, its Paris accelerator will conduct two classes per year, while Stockholm will run once in 2022 and twice per year from 2023. This comes in addition to programs it already runs in other European cities: London, Amsterdam, Berlin, Oslo and Turin.