Yesterday, I talked about a West African tech firm making it big. So now, it’s Europe’s turn. There’s an IT support venture firm they call Atomico. They offered the state of European tech: It’s actually pretty good.
So according to Atomico, 2017 is a banner year. First, Europe invested a record $19 billion in regional startups. Then, over 50 tech firms made over $50 million in Europe. That’s also a record. In fact, seven IT service and tech firms crossed the billion dollar worth mark this year. So who are the heroes? They include Rovio, a gaming studio in Finland They gave us Angry Birds. They also include Outfit 7, a mobile app company that started in Slovenia. Because they develop apps for Apple and Android.
Even Atomico itself has their part to play in this. At their London headquarters, they raised over $765 million in venture capital in 2017 alone. Other European venture companies helped out as well. For instance,?Sequoia Capital helped invest $50 million in a AI company in Bristol, England. And yes, Silicon Valley venture companies invested in the state of European tech. So when somebody ask, “What does this have to do with me or us?, that’s what. Even American companies, those who make the computer tech products you use daily, contribute to the state of European tech.
You know, the last couple of years in Europe haven’t been that good. The continent endured terrorist attacks, racial/ethnic tensions, political shakeups, and then some. So Europe can use some good news right now. And here is some. You know, come to think of it, I haven’t reported too much on Europe as far as computer repair or technology is concerned. So this is a good step. But where does Europe go from here? Will all of this venture capital produce jobs, the jobs that this continent so definitely needs? Will it help Europe?