News

May 10, 2024

VCs increasingly reliant on government money in 2023

According to a new report, governments were the only source of VC funding that increased year-on-year in 2023

Governments were the biggest investor into European VC funds in 2023 — with their share more than doubling versus the previous year — as countries across the region made a push for tech sovereignty and other kinds of investors in VC pulled back.

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Kai Nicol-Schwarz

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

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