Commercial open-source software (COSS) startups are raising record amounts of funding and delivering huge value for investors — but remain largely concentrated in the US, according to a new report from French VC Serena.
Analysis
April 10, 2025
Europe’s open-source startups lose out on funding frenzy: ‘The US is a generation ahead’
Almost two-thirds of commercial open source software companies are based in the US
3 min read
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Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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