Venture Capital/VC/Analysis/ Move over London, Paris is now the fastest growing major tech hub in Europe Paris is growing twice as fast as London in terms of venture capital deals. By Ian Hathaway 29 April 2019 \Deeptech How war in Europe is making VCs bite the bullet and back defence tech By Mimi Billing 25 January 2023 Venture Capital/VC/Analysis/ Move over London, Paris is now the fastest growing major tech hub in Europe Paris is growing twice as fast as London in terms of venture capital deals. By Ian Hathaway 29 April 2019 London may still be the startup capital of Europe, but Paris is growing twice as fast. The number of venture capital deals worth more than $2m in London has risen from 155 deals back in 2014 to 301 last year, according to Sifted’s analysis of Dealroom data. That’s a compound annual growth rate of 18% over the four-year period. But the number of venture deals in Paris grew a whopping 34% a year over the same period from 56 in 2014 to 178 in 2018. That’s more than twice London’s growth rate. Paris also accounted for 10.3% of deals in Europe in 2018, up from 5.8% in 2014 — a near doubling. This is the main takeaway from Sifted’s Chart of the Week in partnership with Dealroom. Away from the London-Paris rivalry, the two other large European startup hubs also saw significant growth over the same period. Stockholm grew an average of 28% each year between 2014 and 2018, while Berlin managed half that at 14%. Stockholm expanded its share of deals in Europe from 2.8% in 2014 to 4.2% in 2018, while Berlin’s share fell slightly from 6.4% to 6.1%. These four startup hubs as a group grew faster than the rest of Europe — expanding venture deal activity by 22% each year on average, compared with 13% for the rest of the continent. That lead to an expansion of their share of European venture deal activity from 31% in 2014 to 38% in 2018. This news of increasing concentration of venture deal activity among Europe’s leading startup hubs follows an earlier Sifted analysis, which showed records being set on the continent for deal sizes, total capital deployed, and co-investment from Silicon Valley investors. Related Articles VCs, stop figuring out how to measure impact — just start having some By Jonathan Eade and Christian Walter Click here to read more Carmen Rico launches Cocoa Ventures, a VC fund designed to act like an angel By Amy Lewin Click here to read more Technology is stagnating and the venture capital industry is to blame By Alex Basu and Per Anell Click here to read more These were the biggest European tech startup news stories this week By Chris Sisserian Click here to read more Most Read 1 \Venture Capital How to raise a $33m Series A during an economic downturn 2 \Fintech Six fintech ideas VCs want you to pitch in 2023 3 \Deeptech Europe’s most active deeptech investors 4 \Deeptech Europe’s generative AI startups, mapped 5 \Consumer 20 foodtech startups to watch, according to investors
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