“The Wall Street Journal” writes about European startups who have had a bumper few months, raising €2.1 billion (more than $2.8 billion) from venture-capital investors in the second quarter of 2014, the highest quarterly total since 2001, according to data from Dow Jones VentureSource. From the data we can see that consumer services companies led the way, with online retailers, car-sharing and movie and music distribution companies completing the largest deals. Activity was strongest in the U.K., where companies raised 28% of the total amount in the second quarter, followed by France with 19% and Germany with 15%. Index Ventures, which has offices in Geneva, London and San Francisco, was the busiest firm in Europe, with 16 deals completed. Read more in this informative piece here.
Forbes wrote about European start-ups as well, noticing they have raised over $2.8bn in the last quarter of 2014. In spite of claims to the contrary, the article highlights a vast talent pool – tech and otherwise – in Europe. According to Alex Depledge from Hassle.com and Julien Codorniou, director of partnerships at Facebook, the strenghts of Europe depend on the fact that European start-ups have developed inherent skills needed to challenge US competitors. Unlike the US, Europe is fragmented. Start-ups don’t solely focus on a large homogenous landmass with the same language, currency and, largely similar, legislation. Instead they are forced to think internationally from the word go. Venture capital is still much harder to find in Europe than in the US but funded or not, it seems that entrepreneurs are now able to move quickly to build a profitable business, fast. Find the full article here.