Flow Partners x Dealroom — European Tech Update — Q3 2023

We partnered with Dealroom to deliver the latest update on European tech - private VC markets data, public companies performance and geo trends.

• $18.3B raised by European startups in Q3 2023
• Europe’s share of global VC is at 19%, but from 13% in 2013
• 2023 has produced 11 new European unicorns, three of which came in Q3
• A move towards hard tech and manufacturing, and away from marketplaces and ecommerce
• Grenoble and Hamburg the fastest-growing hubs by VC investment. London, Paris and Stockholm the largest by venture volume in 2023