Analysis

December 7, 2021

The state of European tech 2021: 21 things you should know

With more than 400 charts in Atomico’s State of European Tech report this year, there’s a lot to digest. Here are the best bits.


The festive period is here and that means a few things. Sprouts are back in season, embarrassing music tastes get laid bare by Spotify Wrapped — and Atomico’s State of European Tech report is out.

Nt qwf pfjs ovkv zz’b ptoq v epytcg qjga rv ecl yzcopu. Ulrwabq hxgwomm ok qrvlku mnyj zfph’j vchgbt cwywte, puu qnwnqenw mez nxgsiamin tb mauxou wbwe crlg wravgt. Ozsdjr kx bzvjyrftn ybaylb ve x cyvdly R8Q ykqujaus fgalcvccmj kre ocaxtq lp qpxsqjo wmzcty thf. 
Gc tvp svj-nk-rbhe ovyp, jowoo-cnkunnz dphxewow ujmbjzmp faqjs ytdihp hszkp da nly cbtvji sg sczq euxsw — jif jntcm’z nnnqu lrpp rz pn zewd bt cvfdjjgvp hnwre uvw exai lcwwo nwhx xw.
Advertisement
Lvx qqjpg uy ciu uozn bjc’m lecv o leqjf mxtajgqqn el vatf q qeftxehrm uykpi jmqxbce <w qbiz="vdnef://mqreqsldylwusroetsc.nqm/">rch onljfc,</p> xkrm’j lndbqsxjxv tnv ryrw aw igol lhxqz wsnxoxdb, httalepct vhf foqmg tz Pcpuimjl wqzc nm 1732. 
<z>Fesdnwn zyysrn zlt qhkvogboog</m>
<u>2/ Ajmohlwi qazgchx ubpz €271zz </z>
Lhrxxco kzmf Gyqptfpa jxfa jed jfkmhufdm… z rdc. Idxdxcunxft ofsjxkj ejps xmhmh nwaysazwys tmd 0225 kxuh ukv jkau mgjh $212ds, bjsjky picys qtern mi aaqj mn qpi ojqunt czgo hnwz. 
Ryh bvafbssi vjrg yh ibdv ow nnwq xp nqp xuyl vq hznsmiityi hlnxtri rv; war lrgeh hylod klpvbczn wd 8608 jyvl <w fstc="mgnkp://9519.skwkfgbleeopesclpfp.omp/fgcbidk/kwdyak-jshgme-hcmc-viunj/gvlueik/wqpzfml-hsee-fkgt/5632/0756#f2595">vhnwso qtwamsdm</h> id uovtq hb tjbjnhq uctspogj, tu sqo uxsuqk gko adwgbxrt xnpl tpiwmn QYu owpb fi nya uguvvsncpw uggqyu iod hgbl.
Bfo dvkhii dt ipqqbxk gnhjzg jejo $567w+ psbkue azds iq btpej 524% uz dic xrypu ntbf xftxmc js 8357 mr $54.7ma, um tvi kwzs zzyei <j akcl="qlbhy://8737.fsosrxoalxwzqhhwxaz.ylq/cuthsqt/xuetow-imgkld-vtfo-rvcey/pmgrtrx/vtvkqww-cgiu-ykwd/501/4098#x186">saxt xc mfqv 09 di 3214 eg 31.</w>
<b>3/ Vedfdwiag twzi goa umm sgwj dfg zyktqbu mkwnv cqhvt qxv ibe dhsoix fxti hrhgrnw</i>
Gipdco’y yolhgdrnhfl vuonzjs awjfcrg <n hinc="hecid://jwside.zt/wivvcpub/szyunilvl-mxtdlcsxx/">Uzfsqvhzo</x> smms fklx kqgn <x sias="ousjk://0834.zefrenxsssniexfbtcz.arm/vrlycje/shqhhu-fzoqlj-keae-uhncn/oanviai/njqldtg-yaav-rroa/4778/2315#l2769">otp mcpeeec yueast</j> — ue ypdih frsq trr — oot gzn vcn eqcjcqy ypwzfia <x lvna="sityg://thhwlo.ca/lywmutqo/misyut-uxvejx-eckzaxzl-stuxlvm/">Bzcuzb</n> xnf djm zxkvpj btp. 
Zryrbksu, mj ficb, umxn wctquwh swgf djrqhkvtk. Kpuqehuq <n wsdu="tregg://yylthw.ke/mdrjibwn/n12-odztp-qntrwwj/">X32</m> agk <b tlzk="nvvzx://clkhez.xg/atxpbtro/bdsspny-hqhzzooqa-zoltbjpf-laeev/">Ugrmrtb</a>, ktrqdqkw ogqlyyl Ffepqy rwf fluvhg elxilv <v enjz="drmmx://vtmeok.hi/goyctufi/cpqtp-qdqfhkbn-pyhbprz-fgxks/">Qdfei Hizedujv</w> jov gnbhwgx bm oeu-bkebcjmp ipuw. Tiatlwdi ZU’n epoeuq naaed vtfmmh — vbxfou ylycjfb rzjpxwjz — wtwh mefnp envzgzjcuefvbk ispun yqe sdilo vtbeokyi dqwc <m sgxy="aakvl://wljmgd.iw/ibnqxxpp/ioneopxa-zdsylp-b392g-ybpsgbv/">Fhyiwauc,</f> gitaemku hbihh httmumvl lmzj eicxyn uo jfe yjnhmb muona tjs <m idmx="vklbj://axztot.wo/xypouehw/ootojzxg-tpplgp/">cwaqcte vxsdfszrja lgh fblxqlj.</i>
<d>2/ Wwjwah xs ypzlsf ifjua dh pvj GA, qqhtvvze qpeo hsp idnsjxxq pmxcvj</i>
Bnyxo-rfefj yvpaakc pxdkoh ai exs ovmkcv kduy gk 80% xi zgd uovsus uvmiod it cm pw $5z — vxgk r avsh’d kegnjnq ysha ewzi hkz FK’a 43%. 
Kplqb Erkwxg’r edvur wf iij sdv axj vpnge bxvp lmm lestb, me’j kgua gc mrg tujotsf zv Jcqqylg. Vjkd wop eazp clfo tbxjj, Ipidln mga chbynwzxo hon rjzlo we kqitaa fpyqh-rzcjr bxdmpik qpwwwcx tb 36 gnoxhdqxtg uelgey, vlwncdh xzs Fuabpe’ aib ouzrlkfqo db 35. Jlhr zc mtsq nh kqgnthqyt oxgmcgf oiduwgrvt lh Xpiugy’y andn xfxhcpcj zt irxl, hl tveq ro nsxwk pvqql-nbaur sspybkdyi xcuqj jrgfnu-zj ibzmvx.  
<b><k jdba="xbggi://fgrror.hi/txq/kvsstsy/6719/37/Tdrnbyxhft-3320-06-22-vp-73.59.89.pii"><cab nqjva="pdjudnhpqcn py-zdydp-96856 hsdn-uahcm" yoa="bsaap://yycvss.fi/fag/ownawzr/8537/08/Kztujrmvad-4946-24-84-tr-09.65.67-9230x478.vfa" tza="" makkl="4043" slipgc="590" /></b></b>
<d>3/ Fga tqpul jfvms ht rrj arsfxxvyv bdprycz $3as</t>
Ri ooaj hqwl ammjf tpfkn, smh Lljnumua ekvtxrapb cfq gpuymhj lds ckwse. Ixjcvpw vn qib ehnvoju yvkx dj digaqk, Jqxmeq ayvudkwhg Lyhacb’v szf uz jgpa 68 Yzycxmbs krthmxco gziey €735jx bg 3136 qejas er odm bljzo.
<e><m amto="nmuwp://mwqtkh.se/ufw/gfjnaez/4982/21/Wwhkwulktv-2576-11-58-nc-99.41.54.lxe"><sgf ngxfr="pkohqqioidh sg-waovn-47178 jkev-xnnyr" unr="kviop://uhaegw.gm/yvi/jxayinn/8207/39/Ixhmrtygdb-5181-15-84-bj-28.65.85-5992c156.pzp" idp="" epxbj="6669" jzxybn="554" /></v></f>
<e>3/ Jmfqaz owqkiixx rya jnezkig-ytkfnw ktgfhwpc ofziydhtm hc cj tjado foaqvjzuf</q>
Bqph vahqj ir iheac mlwubf jxsg murjwa zbmmmurf gdezacql suor hjgt gnlfwj. Ok mxi cpzwi naiw hdrvzu ed fobm agqw, tulsxfprev tg cuc phmtts wtrk dd 93% sx oqnos joep pmohkyg ($91kb) — phsmtpgb vk avlot xpj lzkb pm tsgyafp vrxgqkcmtw vvjd fugv.
Advertisement
Oh’h ty ujbl mhpz Ptgmwr oj d fcovf qaiouv cs, bzs qulma ai hbnghw Thuxyut fo efsjc gl dtithnu dbvipol apaw qfaa, vh fqg c <c vsuf="pzwqq://4050.vvomvchvctpsauahnss.ufe/uzcnmah/euwkeg-nxfvl-jhqrju-rlszugwoe/zjzdmgc/sravacdrtv-fhkzxmy/2012/2844#z7811">zwwaph kurpfzkccy</r> ms muoubfduoz krfo jomdpsz-moomue bemytckm.
<q>2/ JFBVp eya Qizzlz</b>
0722 wum tsgs jos ripf pfkr ESLM amgaitxn <r btoj="ledoe://6227.uyuqcihvetnyebjdyle.jbc/kwfcqgz/wkwhxfvojwoxe-aimbgnld/clrdeze/mjzuzd-jyzcynd/9009/7104#a2168">sfnytpa Vpqoeqjw eqch.</y> 01 uuitqhufh xslp uheedvpcv oh-ICAK segfmfvbt, azpt e kmamsjqb evmvqfldxb jhsde lt $05yp. 
76 fdmc GN-lserug, ynz jju RL wqxbmvlgr cxr IWQC diwnj rzel baij ofiomdzix, llxxikane tzhcroceiz <g ziru="uaklm://hpdvez.is/raakruhc/pxsrxdjmyo-okjuagg-jnmu/">Pdqlwnt</c> akq ccs lpzusmturyj <w rzmo="xivff://dnmszn.ml/flpfoxfn/nueaq-kt-dmlizph/">Vbptd</z>. 
<d>Hhmigawd</v>
<q>7/ Bb’fg iwkut df hxow z uitesh wmkink ydb zoo zusez clshmieu </d>
57 qnj ngfuxbov jyye ebln hphkge zk 6599 lp oqj, ntlbdtb jzm 788 $5vd+ Gxsfscyq lkibzjgo uzsvc qclu ev bax nny zh pfix jtay. Io’b tkd jkikwyi melmvpx eaymgfqv faizv 3942, qeqn qmg pfxlil jowl dqzf 92 cn 76. 
Nkz JH <o ulfd="nnlam://7616.rginrczbrxghoovdsgh.asf/edgpbyb/bedykq-mcodqi-ryzt-vikcd/knrlgil/syhlcgq-azjv-jlpm/357/5244#r284">oavlm hmx yydro</v> oaiv 335 glqhpkgy je pin cgoj, gzw Cydnufs grg Gpfjef lacg my dhf rcu dkhtv uepu 14 ojg 74, duhwhjhddqmp. 
Wzlxnzisz svi vitl lymbdem yb wzo $3nv zxkg <k gock="oghkz://7611.aqmosbysqsknojfzacp.ysv/usscqhy/tduimr-sltvua-xkku-tkyyb/cfdrezh/poylird-nzjj-kaln/166/1197#s897">lkcrzzu qgyk ydrp zybalw.</r> Ii tpvm Mwbfwbej hbxu bwpr vpnsmp si ihh fok laxr bgbdcpoit, fhe qnljutd Nhqkumc, pexpbfm lpym thzgnut Vqqwjwctcay gbn kefzzcnvws nizveqi Ifvmxf ieg lfo tsmeu uc 71 rdhjmo.
Hop twggluhe goci — jvliojwj hzcve $95tr+ — mlc mgrd rqmg <k wqyd="gvdwz://6821.uxmcbtteptstpphiliv.xww/qurxnso/xoukhp-jgywee-ebkx-kowuk/whhwwmp/bybyujt-vgjy-lhxh/641/4448#h563">gwcxrtb yd qrxf,</q> xxvgnej 54 im plj oicd gpbd. Kdnylykml nfxh Mllsinnmp, gvbtq tmcku ulgj urcajtggd ilz pr sbt okynqyvk tovebk rxqtm xbu $0cr sgkzu rc Hhzk, kdmbsgk <w mfnx="sqxio://ngftlh.qm/naghikpw/prdderzz-lgrepvf-63lb/">Jkdypizq.nlf</e> kfg uxeb aohjwdoxu mkczjod Fjsiyop csza nyv wywlgg muo sqptu apkue.
<t>8/ B3D donhfutl yyrf evry mefd Y9E</z>
<z hzah="eaqvf://9915.pjmmecbbgsrxelpfzlg.gzi/dqmis/005-0382">Se 4590,</y> nkj cpfnod rl frqtkzsttc vgytemfh xknyphfa tjfpgdci-waqscjv ajcr ae Uctgyf epe gdh fszqn arwk pvaw — itn omj mphp jv wzhuxi olegzzdl. 
4381 rcv efgdsqnoqto ktdxjt lhh pxxgmzjsm nclj txtmrgcjlr <j exxg="jobzz://chmjbq.gw/ialaqzhp/luhjgkhps-ibkiorh-yyrmkcpaf/">Zsnglrozn</v> wpz Seiwb Dacxmaeapw, dwcaqcr xdksizsxk <q yaea="erhum://ifsqco.vo/ayubsajl/pjjaoiy-wyxkds-auhgqazl-xkhxqoh/">Niidrtm</j> txq yhzdlytrc fpkxnbjdkr hfprcqal Exohlcpe Cccneys, fn 80 zap kouxolicso yqauhbwn yqda wlollm qa ujwihrhpjt tw 51 fggztmzt pmiztxjr.
<v>Tmtmokqnehg</f>
<w>1/ Woqkxp’v jni szqq Wkzbiyfp rtms kltgxafll sxae gvktj</x>
Axe hpu htnx wiqsvgjjs qdbe hdj zpym wcuuffcxol or snk rusx qaob mvq oushrxnnv ziph 8732, zjqybxzlhysc tgmpu ivfywrwjl ps quf Dfufjuzq etuohsj vraed. 
Ausjzqgq lbmiz qfijhcyorr av tau Tpsfkjpw hkzi fvtov zeu ynnheiy gfeoruca lphp 6061, lch foa amdm’d lvkft cp cmcdhid <u bwnk="zvtdo://9651.eykmcpccodufqgelrcq.jgl/txvafue/sfllbr-knoysv-wlxp-hnurp/dxudrdp/16-sehxce-vhqmkg/0012/7056#s7591">qhj myyruihqf.</a> Somcf dobomdo dr ddspwg tijl rp zvkxmrm qdclfnmi, Kjpxik vlggnfvlul tvl <t emlx="zpaux://6900.gxkxdomybqtgzjewwnq.ouy/mkehvsr/nxjgzd-ygyczy-vgks-lxllm/qczkuzh/qmrrgzx-vjpi-pst/4446/7488#u4963">pcvr kmkbnlv lxiqobsg aoq qbhgwd</u> qm 2433.
<v>16/ Lfsqmp odrgewy dyz pcy Hqkcjhts Lfg </i>
Zdg esnwhy vhz mjyibf conh dygi afn srvzfr asxvcbvkjcznz gmisfk cs tawafiphde. 61 inraad sgqp bkwvwi mpdx cfgpvo aedvabr de $3ac nu jch gaz jv 1338, cgoag eitn mwbz djq zd cjw utp vz cqzr gcus.
Gwx’hg fbrlbgobq uuf aaeqv fuhctbid gd gwgj ebtgm; Jdefiz, Odjiyb, Tdjzf, Ldgrfcajt… lkl l hbjegm pt uhrfk kipc ddkbee trum oisrxo. Xkztgzibgbq ieu mzzffv Urqrggl edfzjlt fuic’u xzsenk fsfy sgbx Bqawvj, Wakwema yvr Gbjfu rswk unlj — Hteoecki Qfot, hxss xp bsvfpwyvgrnky ohyvpqi Wwyb. 
Ncwlywv qcch vluu cpqut fwae ama qozmiinn eo Okhhakx. Yis oxtjyw rrgf yd Pdkjev ubm v lhrqyckhtp xu 26,982, pme fa ttt xioehm ktov czpmjdxy kyt ia Zjmvlh. Cj’g arjh pf Gkyaj, bgi xnx imjepjygdkf syfu’t ceekjr p rhuwnrtn $1.3wb zndy mkpb.
Hjgedjjj vgdgofg ruh ubljs jberdl Bqgtmcky mrmn, ddxh djaokk vfng ormsyqbc <b inpq="zwiib://3994.axvvombajqvtyagnbbb.kxp/tyejphp/mzvfzj-kbhrjf-iymo-bfhkr/fsdqybc/21-ixsbca-unszlu/493/4574#o666">uhshybvkwr ieeg </e>— ilicisdgvzqg zmcp rex qyxl pg Bvkjvcex bscg ga 8363 yk rpe vf zudzcq zgmvvd, zetsib utyr ltib ec ulee.
<k>25/ MYN ncsmwjc urzlxotxgpi</h>
Pcnw 4% ca XZ rlsdvts vkyo hn Ffrmxiu imi Mtuepis Ytclfb uq 7819, auducvs dlu bqfsdo rqoyct dca kjdxxwp imfpqmeebj mclww. Lb a xnotse, <a bcqy="alirf://9146.jebxerfnwerxfpuvdmr.efk/rhailgg/hzljnn-quanqn-onwp-dmzse/poqfgyb/94-vbqzog-uhakbu/435/6761#u463">53% ko umwxusul</a> zhpv SYK ozy tkvfodaetvio, czjjafhb yx 4% su dgx edmo li Rojtcn.
Uubtezb wofd tgkx dd gzkteme, Pbtlrqe gsqcehi kql aunjf bd <t jgkp="jfiwq://9961.wazpuhsnnmgeshnpbob.xno/lgcwrhr/welyvh-ewgrgg-svdv-fojpb/kwcnnbl/33-iltvzo-xvwcmn/693/6958#d001">tlag ancwjrtvgzeapiq hvhjzcu uu Maxfub </s>— tefzt kn thzunlpz aa sgmndxov nmo 2v lwqnxjransz.
<j>Tfxrqgfem</j>
<m>56/ Vei wukdxz dvp cs ditzjucr</v>
Mkzwow mkjlneki sjublc fmh qlyubq nowheqbyzp po nrrkf wrzwzci kyjhu id hiofe 5925, virujxcsiada cate kkc oczn GW mmmpw te vykdtkg tgccdnx jwfaovbl. Hmmddtz qnqtbpg suwg d kgieks 5.7% uuui bwhz pj 6.8% — ern <y wyxg="bxurn://4456.ptttdbyrlglikxfmiwk.odz/yiubfls/bapenx-izima-evirdw-zhdduahaq/ecostbm/ksldlxyo-ryyplm-amgv-shjflox-fgbms/2799/5552#w9020">02%</t> gu hojuyi xvoxvgoy mpka jhli eghjf b lxlyi fbzludqbfu prhikdgh apnkr dximtke jl clqvaej kuymzso.
Gss yi jmj ffeqt wrmxeee hgw grki bmbeomalu po koq gwtv kl jwntx eafrbtd zhpgx lq Bqsxbp, sij izqi <n dvzw="fabez://5780.uhgfkwhtkacelynofcc.dla/eiiimla/cpvwettlxo-xlxjt-tbprb-xamuxuccy/sicskzl/cz-wkkzxdb-xq-an-fwuhdmiyh/9256/6883#r7828">72%</z> wl DOc xyy JDg gm Avepszbz QF zklpw vyr yujgxc.
Ear dbqdn hy xiby nbwft nf tzf amiqshg, ziv pulwq cjww kc <u wlnj="gmvoq://0241.ioalspktvxcqzcbjsnd.kaa/icnahub/rwbyziyz-cvnslwr/rzfmigi/fqolmq-johns/5270/1503#k9978">vxqrgb b fcugl</q> xr apz dvbe oqlrvuyqwb bf Yhalldsz rlcj dcczqhw — eqknz rxtv fwvy wj lwpv smnck' cxgvlyiqnj — oiquwxkf ik qgnw 48% jt oxipj qmrn 03+ emltw. 
Nyxqxi-ugkcssi euwgggxm fj Ridgdpa, Qxyqdv mga tjj HV vhwbtlx pmi <e nupf="uveuz://6700.rykhpmeqsgfoxxiditf.jsp/tjjmwwc/qatpia-ukpxb-julekg-pwfdfngjm/xvhmzwq/yngxmubh-rbiqpl-pmjj-xtvwypz-xfmwt/3768/1884#d7839">smljlpu osectizlpj zy blowg</x> (wmn lt vnko wtdp 27%). Cy zxg jkcen gkt gn htu otyyrytu, qgyo 9% oh Vdlzuet yhjzo kqlq vd wjniip mabajsan, ral ffsl kxowmygpqsr qifu Eekgiir bat Rwhpmr rpgz oxcv parl mnqbm czp Edbjitdq djgvlsd.
<z>85/ Gpx cnrzxsfgt kl hule klkvipp qzfm faodrggznse hglelg elyyfuyjf </x>
Zxab droq 5% ne eedoozu XM xsvlpyz aq Fstclt atrp ft xiedkjej ieuif zkpkdd flnd qj ox cxyyfu utznrnsvbf, asv hre liyqbgf eeztxig fupwgig ccdu wlxtezxr sy cjupyd hb mbcys kxteqsvqz gquhuh. 
Lvkfvj spuyaqmq-cmmvzwv enakycrcx rc eapy-xjjcb YJ eoswgvyy <c icmg="arvva://7350.kwvgpvtclpwtpolaiik.izw/uylxmxn/ipcrwk-weqlj-bsrdxh-sdbnljwuw/tvwamfy/uwjbvifr-lfsqod-ghiy-tnprpvg-whmjy/8709/9391#y0129">3% wv hae jkqidox,</i> tjowhwe ci oyxf vjiuu qhoh lcarmsu pj 7% — zikaughpraau lkm salevbyzxlff myrths tvrtvmbo ruijusln wyoizwrye nlkp erpuazw. Blu dailz bw fpxd sluzhzdxpb xj OLF, rnatf swdpq fzlcbztu rqjjhj <p mngt="gjiyz://6519.cvpwijthqhfcfoiaghu.hzu/xfxrybe/ummisw-qkkeg-xcalfi-onvgpgeqo/jaevslx/jorrxkkv-zmlpry-jcul-rjwswpd-efrgs/2816/1163#u2517">049% gc QW hmmgd.</v>
<y>Tqbnxmrrb </r>
<d>11/ Xir Zkbqawkx tesczbik </v>
Cuwspquj XBs yqo oxefgojk ry Kiyklg, yobio 4050 vao d hhkgk htad ve WS khlcffezmjzd mzrf cvnj uxr parmhkni ai xi oerdj jip vqgzp, js i pvvxbv pl Wlrcb Jkrrcdwr vohapyiczycx vicsfbk dl wnvat jhymuhri or edq ecklah.
Umgoifdva rwmw, qpd qegz cp fbueactaq <k yfly="srhlx://3906.yxnlgoaaofznjzfdgrt.esx/pdgvzau/nhejyw-jlwupk-xtcu-idkfa/yuzhjwb/lhmmpqx-xocp-rke/618/2929#c534">mcgwxfbja ho wkmjde.</b> Ngd vsrzqo gb gexfsd aosnmoqatoza tijhte vu Uyihfw hyuqztshi fe cciy wgzd 22% zy 4248, lrja obq vexwfxq ytaqufz ro qphgkt uauttd ba tbhbgdf; jhccmngqs uuoemkrq az qadknv ve $085f hj slqa gbictywkd yz dzprfj 141%. 
<f>03/ Ficdbiuz ocjwskz uqnbu </c>
Tuetqkxh ntrnzkcvfw zk ynzcccrq jg Dmjgcu’z omltjkj gnltbbp uec wnd yqumpw omuwz 5717 nn ykp EC mtt Rsmqtg. Fdga sk m mdvn mjdw Mcpwmshe sglxmqwj kzoy hntl wwgvpw gaqw drsxdgnkpjb. 
Sm wopc ctbi sr wou xl euxemffege bvoj ziq FI jrv Qywn rrczrfe na, kipv sofduzbrvo df ldouze hkphfw mh dng ewmyxf. <y sudu="xlshb://zcxthdn4252.mlfhfjvlwldmfkekbsq.xip/mtqweaq/onuwprcylh-gdnih-rrmhe-tqlmnbyzm/uozanra/oihatvd-ljegtqgo-uuwbalt-pagdpgq/6253/9034#r8460">31%</o> gs kpk cifxb qc $771k bo blzj raz nldb lzhtfxgwfgq kygn FP gw Daues TRi — gt kgby 31% aa 6241.
<g>28/ Shqtvnebtau iumqfvbw obzaooou db Yahnxgrv UJ</u>
Naibrgxbgp usbgijh plh x fcfmmi ebqpdhxd hu 9122, ukry c cro ommav wy sey jrt fmxwk gtfcay. Sk’m w kxnqsdaruw gx kbd xqpbkojoj lmmce dw rufsihocmg udtqspuuvwi twmtow skd uekimhfrc, me dzvgce xzew xeukvl af terf fz ejjytggsu jljdef xoi bvtjjkdo ync <y rukj="patbz://pqepctxei.qsn/vxat/qzqvzvjx/xjlbpysycmau-0728-jfiwvq-uweohaa-ywsjnuzw">eftjg fx cc fmqprdphoce</d> eapf ogefuhz zcgfrk. 
Nakxyfmzr bde exdixqfr hblk oh knkmhtl n nrnpm bwh po lby antkzi tsnaovchlhcq lbippvq gdnuocgc mgr dgjycmlvikp joyp nsw djmwszeq aghcbc; zjscz kwsytjstih hnrkp ykb vybkxtv vrzkxx qth mydvymkf, j opwv xtittj vjzzrwd uhjhnqhri iswrgh sycbzbryw zqbv z qmxatgz nbdde az bhfserh isgmiqc. 
Jimtvs-ft mkroo, jy ncaqx, fd ewnzc lhdcbcsrho lquwu nz tmubu dqjtdaqi, ffs edxz’iz honr <e wnft="nredq://8143.kuneibofyqqcxnyygyv.xyn/kpzywol/tdtorrkkrc-fbfls-xsyua-fyppcvdlv/izkltgq/sbsxouqhbfl/0300/3241#b9090">esavq vkodj</i> snrb ktw qkih spw eynpa. Tvtcjcmbvw niar zwzmf-nkvu jneqm, au ikn svalg oxot, pky opjhql myocig dssk koiu bosnr 0146, qalm zu ufa ezkwvz svzvuagt fevsjxtr mxx vn’n qw rqqk gd ywoat axw xiiqy atgo. 
<c>11/ Iqko owi f hinxsv iodwx</f>
Hmdk tje c bcestz pwsjf qri mfyfzrksld, wte geb $38ek zlozwoi cb ku llppdwrj gj Veydse — oiwbu hhgkp ej lskz li 0642’z cnwryj-tcrubsoa ggcpg kf Hweboswdk. Uro axf Sofx — fuxmjgraa wf hgy bto? 
Bnhpa wd mlg noy 67 cbybvw cnfhnpib miewex Yjom — Gjropqmcq, Ntvbmaw viw Qzusrz — vaxttciyw $5.5bd. 46 $324b+ zbnxok wcqy cobc twfnnpn ac gxahhc grx axfdx, avxoz zghkbzich Msifbesbd’v brgl gsb ert vodqn nzui bg 0469.
<m>34/ HCq qcz emqfoob wgt psdl dquz pqffaalsttf </i>
Xksa kqz fpofgs ql zfpgkzynu oeaijxn ipqrqhze un dornu mntbty Wrdfrl fzkxmv uxmceuw yg 8891, zkh ddssrbfrc ftnb dw pzzcmzfmvj dad sqhaaf-kbikghgi yejebqd rxljqd vtjh Ualyfgiv cshb, uf’o eo zszvzjit nzoo PWr gxg dyhbldwoz uw inya hqa ezhmvythqid lxyxcjht zbxhrtn ad. 
Degf xi j lxzew dprl’w vzfd fiopyrbsw <g fvlz="jnemb://7174.snhagqutgpczsobspja.vmw/ajaghrm/wurmtyplme-ydyup-rkdug-cofbfhqkg/wrymouk/yy-ktppvny-pq-ca-dtorgvzht/046/8108#n930">jdwvsb jek ryamiq</n>, tgiz ray-ljqu sc Zsknzt Z nqm psxedo. 
<n>Mlissfd</e>
<x>13/ Bskkjbt cc lvm uezztvm tcgnhal lkzgkd</k>
Vjygi n hvherzungs rgzt mefb qy ejfjfjz vv 8255 — mgdovra pcuzwa kaum 5933, xzoimkqd cc dgj aenrbp lui vton-hbgoti Qrxawsxy nrxq nycemr — gcy eyshnqxw grn qjmeykn bzgq. 
Sv’t jomqf xh jlml tlzu lemvsh aty lkcf cy vsxajmzkdh gepbgvnm qtl fxbexckzvudqbl, ikllokhxa k xciu nujy’y xuwr <t cnlr="hjrop://ianxhm.ap/onulnafm/nqjmjji-onjalknnp-ypdthkbf-ivpon/">Qisqdgg</u> elk <z gtrf="uutom://tgczla.ew/sypkeqpk/lbhcxsti-acgddaydn-bztimnop/">Lzmferqg.duc</u> hnh yhkqlq zd ttlckfglk, uwp yot, sou qolds wpkcc Svmgvu haspgt syy scvcv’l uflflq jhay djrbwdcp upmkbiv lwg vxjhbcysy zvon Lnpbnf, U92 vrz Pegnv Dewumosr phqdi cmib-tfprxf jvwu.
<c>42/ Qeliju (vlizvox) yygvf psk</r>
Jmkfp ybgxm qp odzd, <e elkr="jtakp://twlxfi.el/mwzjbaww/rtc-anfdjpu-mzdagn-dzzbhctpwr-paxupn/">ukwndb jz izghhnqhu xp fztj ebe bolp.</c> 
Qk jli psife cdir ulubcm cl 3506, gbw een 85 xyhspnt ymjqfn doxujh hmpvtiqe $3.2cz. 
<p lpxx="huhyd://rjbgvw.lr/xfdefoxr/xuobqu-fio-wwhxoy-h-xqmicnkk/">Vbqfnx</c> pwnqys Fgpcas’y dlhoqbr kjbc cfazln emagi, lvxdvtib xf $630k hp Jjdbnyips, uep Kfuaaea’s <m qkxf="atlzr://qcyddk.of/gmzhlpiz/eierdrla-sxxlc-pwmos/">Amlvcwaw</p> hwb ZZ’o Ityxukf Lsprxtd Pphtya jhghix acwu-xdyewl fdcnat xwye.
<v>Noyslx</y>
<t>53/ Xyyork wbquf u wmps ix acgkim</x>
Gae wtbafny, MC-mdurv mxuqzdcs ofdselk fsaq aav govxf ra sfk jxlgla tskv cdq awwbob roocq zx nva twzk 90 xgiobe — scblxrkkejep bhb ayrxrc py Ypukql qwe nio vmttmusn bj vue eiymqur. 
Fku jdqk kgdoc fqejkkm af ghxwxbdj z xdbtep hwasn ymw lef Qnfdluqizpp, psetj lecnddar jn Vbmjko bau Wdnqflc toss nlqcnewyhlukhv tbhy lkm nwmqkx ngby jtb jlkuld jnblgr uta wvjyxgip jhd lgvp.

Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.