Europe Startup Ecosystem

Overview

Europe's startup ecosystem is one of the largest and most diverse in the world, with major hubs in London, Berlin, Paris, and Amsterdam. As of 2023, Europe is home to over 150,000 startups. Governments across the continent support entrepreneurship through various initiatives that provide funding, resources, and mentorship for startups. In 2022, European startups collectively raised approximately €100 billion in venture capital.

Size of the Market

The European startup ecosystem is expansive, with over 150,000 startups as of 2023. In 2022, these startups raised approximately €100 billion in venture capital, reflecting robust investor interest. This substantial funding pool supports startups at various stages, from early seed rounds to late-stage investments, facilitating growth and innovation across diverse sectors.

Key Strengths

Europe's strengths include a highly educated workforce, a strong tradition of innovation, and a strategic location with access to a large and diverse market. Major cities like London, Berlin, Paris, and Amsterdam have vibrant tech scenes, attracting significant investments and producing notable startups like Revolut, N26, and Adyen. The presence of world-class universities and research institutions fosters a collaborative environment for startups.

Major Hubs

London, Berlin, Paris, and Amsterdam are Europe's primary startup hubs. These cities are known for their dynamic tech ecosystems and have produced significant startups, such as Revolut in London, N26 in Berlin, and Adyen in Amsterdam. These hubs benefit from robust infrastructure, access to capital, and a high concentration of skilled talent.

Emerging Hubs

Emerging hubs in Europe include cities like Barcelona, Lisbon, and Stockholm. These cities are gaining traction due to their favorable business climates, increasing investment activity, and vibrant entrepreneurial communities. They offer growing opportunities for startups and investors looking to explore new markets.

Support Systems

The European startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces. Initiatives like the European Innovation Council (EIC) and Horizon Europe provide mentorship, resources, and international exposure. These support systems are crucial for nurturing early-stage startups and helping them scale effectively.

Challenges

Challenges in the European startup ecosystem include regulatory complexities, economic disparities between regions, and limited access to late-stage funding in some areas. Navigating the diverse regulatory environments across different countries can be daunting for startups looking to scale internationally. Addressing these challenges is crucial for fostering a more cohesive and supportive ecosystem.

Opportunities and Future Outlook

Despite challenges, Europe is making significant strides in innovation and entrepreneurship. Continuous investment and technological advancement drive substantial growth opportunities. Europe's strategic location and extensive trade relationships provide startups with opportunities for international expansion, positioning the continent as a key player in the global innovation landscape.

Resilience and Adaptability

Europe's startup ecosystem has shown remarkable resilience and adaptability. The strong emphasis on sustainability and green technology drives innovation in sectors such as renewable energy and environmental technologies. As Europe continues to invest in its startup ecosystem, it is poised for further growth and development, contributing significantly to the global innovation landscape.

Angel Investment trends in Europe

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We found 2,844 VC firms in Europe investing in Medical Devices on Angels Partners

David Waroquier
Investing in Retail (& E-Commerce) • Cosmeti...
 , Luxembourg
Investor Picture
Previous Investments
  • FreedomPop: $30000000 (Later stage VC)
  • Job Today: $20000000 (Later stage VC)
  • prooV: $14000000 (Later stage VC)
  • Moov: $12000000 (Later stage VC)
  • Tailor Brands: $4000000 (Early stage VC)
  • Kang Health: $3300000 (Seed Round)
  • TravelNest: $3000000 (Seed Round)
  • Badi: $3000000 (Later stage VC)
  • Qoorio: $2210000 (Seed Round)
  • Albert: $500000 (Seed Round)
  • Villiger: (Seed Round)
  • ezeep: (Later stage VC)
  • Flo (Application Software):
  • Ucpaas: $300000000 (Later stage VC)
  • letgo: $175000000 (Later stage VC)
  • K Health: $42000000 (Later stage VC)
  • Yva.ai: (mid stage)
  • RedPoints:
  • SynerScope B.V.: (mid stage)
  • KupiVIP.ru: (early stage)
  • Mangrove Capital Partners: (late stage)
  • Flo Health: $12000000 (Series A)
  • Lesara: $35000000 (Series D)
  • Lesara: $17000000 (Series B)
  • Lesara: $9000000 (Series A)
  • DreamTeam: (Seed)
  • Red Points: $14000000 (Series B)
  • Red Points: $2000000 (Series A)
  • Zesty: $7000000 (Series A)
  • Zesty: $1000000 (Seed)

David Waroquier

, Luxembourg

Investing In

Retail (& E-Commerce) • Cosmetics (& Fashion) • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Healthcare (& Wellness)

Description

Board Member at Yva.ai

Operating Partner at Mangrove Capital Partners

Nikhil Basu Trivedi
Investing in Software (Web Marketplace Saas..) &b...
 San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Investor Picture
Previous Investments
  • RDMD: $3100000 (Seed Round)
  • VC:
  • Grow Mobility: (early stage)
  • Color Genomics: (mid stage)
  • Smule, Inc.: (late stage)
  • TONAL: (early stage)
  • Tally Inc: (early stage)
  • Second Measure: (early stage)
  • Hinge App: (mid stage)
  • Shasta Ventures:
  • My Card My Story LLC: (early stage)
  • Artsy: (early stage)
  • ReflexAI: $3000000 (Seed)
  • WindBorne Systems: $6000000 (Seed)
  • Power Life Science: $7000000 (Seed)
  • Felt: $15000000 (Series A)
  • Grain: $16000000 (Series A)
  • Lattice: $180000000 (Series F)
  • Lattice: $15000000 (Series B)
  • Cradlewise Inc.: $7000000 (Seed)
  • Favor: $42000000 (Series B)
  • Favor: $51000000 (Series B)
  • Favor: $8000000 (Series A)
  • Table22: (Seed)
  • Literati: $40000000 (Series B)
  • Literati: $12000000 (Series A)
  • Frame.io: $50000000 (Series C)
  • Frame.io: $20000000 (Series B)
  • Frame.io: $10000000 (Series A)
  • Kapwing: $11000000 (Series A)
  • Kapwing: $2000000 (Seed)
  • Let’s Do This: $5000000 (Seed)
  • Let’s Do This: $1000000 (Seed)
  • Tandem: $8000000 (Seed)
  • Tally: $50000000 (Series C)
  • Tally: $25000000 (Series B)
  • Tally: $15000000 (Series A)
  • Blume: $3000000 (Seed)
  • The Pill Club: $51000000 (Series B)
  • The Farmer's Dog: $39000000 (Series B)
  • The Farmer's Dog: $8000000 (Series A)
  • Grin Scooters: $20000000 (Seed)
  • AllStripes: $3000000 (Seed)
  • Flyhomes: $17000000 (Series A)
  • Imperfect Foods: $5000000 (Convertible Note)
  • Imperfect Foods: $9000000 (Series A)
  • Imperfect Foods: $2000000 (Seed)
  • Athelas: $4000000 (Seed)
  • Atrium LTS: $11000000 (Series A)
  • Color: $45000000 (Series B)
  • Bloomberg Second Measure: $5000000 (Seed)
  • Cover: $3000000 (Seed)
  • Canva: $6000000 (Series A)
  • Canva: $4000000 (Seed)
  • Canva: $7000000 (Seed)
  • Hinge: $12000000 (Series A)
  • Bloc: $6000000 (Series A)
  • Timehop: $10000000 (Series B)
  • ClassDojo: $9000000 (Series A)

Nikhil Basu Trivedi

San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland

Investing In

Software (Web Marketplace Saas..) • Retail (& E-Commerce) • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Consumer

Description

Venture Capitalist in search of the 𝙣𝙚𝙭𝙩 𝙗𝙞𝙜 𝙩𝙝𝙞𝙣𝙜... nbt.substack.com

Most Interested In

Consumer businesses that have early signal that they can be category-defining companies. We typically lead the Series A.

Not Interested In

I personally am not interested in pre-launch companies.

Manu Mäkelä
Investing in Retail (& E-Commerce) • Enterta...
 Helsinki, Finland
Investor Picture
Previous Investments
  • Neo4j, Inc. (formerly Neo Technology): $20000000 (Later stage VC)
  • Verto Analytics: $16100000 (Later stage VC)
  • Blackwood Seven: $15100000 (Later stage VC)
  • Verto Analytics: $13400000 (Later stage VC)
  • TactoTek: $7000000 (Later stage VC)
  • Sticky: $5000000 (Early stage VC)
  • Eniram Oy: (mid stage)
  • Conor Venture Partners: (early stage)
  • Holtron:
  • Eqvitec Partners Oy:
  • Zervant: $7000000 (Series B)
  • Zervant: $5000000 (Series A)
  • Zervant: $2000000 (Seed)
  • Supponor: $10000000 (Series B)
  • Supponor: $9000000 (Series A)
  • Omegawave: $2000000 (Seed)
  • Rakuten Fits Me: $7000000 (Series A)

Manu Mäkelä

Helsinki, Finland

Investing In

Retail (& E-Commerce) • Entertainment (& Sports) • Medical Devices (& Hospital Services) • Healthcare (& Wellness)

Description

Co-Founder, Partner at Conor Venture Partners

Co-Founder and Partner at Conor Venture Partners

Brian Hatton
Investing in Software (Web Marketplace Saas..) &b...
 London, U.K. - Germany
Investor Picture
Previous Investments
  • Bink: $4500000 (Seed Round)
  • Rainbird Technologies: $2200000 (Early stage VC)
  • Laundryheap: $2000000 (Early stage VC)
  • Pip’s Island: $2000000 (Early stage VC)
  • Oxford Medical Simulation: $1580000 (Seed Round)
  • Givergy: $1500000 (Early stage VC)
  • Rise Art: $1000000 (Early stage VC)
  • Amicable: $473260 (Later stage VC)
  • Touriocity: $400000 (Early stage VC)
  • Love the Sales: $350000 (Early stage VC)
  • Eat Grub: $250000 (Early stage VC)
  • Mayku: $30000 (Seed Round)
  • Ocyan: (mid stage)
  • Bitposter: (late stage)
  • Beer52.com: (mid stage)
  • QVentures: (mid stage)
  • Black Diamond Futures:
  • Bea Fertility: $4000000 (Series Unknown)
  • Bea Fertility: $1000000 (Seed)
  • Laxis: (Seed)
  • Qualifi: $3000000 (Seed)
  • Invoke Learning: $50000 (Seed)
  • Wildpoint: $370000 (Pre Seed)
  • Blueprint Stats: $250000 (Seed)
  • articulate.xyz: (Seed)

Brian Hatton

London, U.K. - Germany

Investing In

Software (Web Marketplace Saas..) • Education • A.I. (& Big Data) • HealthTech (& Fitness) • Gaming (& eSports) • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Nanotechnology

Description

Investor, Advisor and Board Member

Partner at QVentures

Antoine Ayoub
Investing in FinTech (& Financials services) &bul...
 Paris, France
Investor Picture
Previous Investments
  • 50 Partners: (late stage)
  • aKagreen: (mid stage)
  • Octopulse: (early stage)
  • comet: (early stage)
  • ANT.: (early stage)
  • Le Wagon: (mid stage)
  • VINIFY: (early stage)

Antoine Ayoub

Paris, France

Investing In

FinTech (& Financials services) • CleanTech • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Consumer

Description

Investment and Mentoring 50 Partners, co-founder Le Wagon Canada : We are Hiring !

Investment and Mentoring at 50 Partners

Michael Münnix
Investing in Software (Web Marketplace Saas..) &b...
 Munich, Germany
Investor Picture
Previous Investments
  • Abusix, Inc.: (mid stage)
  • Quobyte Inc.: (early stage)
  • So1 GmbH: (early stage)
  • adjust.com: (early stage)
  • Finanzchef24: (early stage)
  • mx application development: (early stage)

Michael Münnix

Munich, Germany

Investing In

Software (Web Marketplace Saas..) • IT (& TMT) • Hardware (& Manufacturing) • Energy • CleanTech • Insurance (& InsurTech) • Material Science • Medical Devices (& Hospital Services)

Description

Partner and co-owner at Target Partners

Partner and co-owner at Target Partners

Akhil Chainwala
Investing in Education • FinTech (& Financia...
 WS EP - Stockholm, United Kingdom - U.K. - Sweden
Investor Picture
Previous Investments
  • Indus (Business/Productivity Software): $77030000 (Angel)
  • HungryPanda: $130000000 (Series D)
  • TravelPerk: (mid stage)
  • Global Fashion Group: (late stage)
  • Saltside: (mid stage)
  • Goldman Sachs:

Akhil Chainwala

WS EP - Stockholm, United Kingdom - U.K. - Sweden

Investing In

Education • FinTech (& Financials services) • HealthTech (& Fitness) • Food & Beverage • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Consumer

Description

Venture and Growth Investor at Kinnevik

Investment Director at Kinnevik


Mr. Akhil Chainwala serves as Investment Director at Kinnevik. He is the Advisor at Indus OS. He serves as Board Member at Common Living, TravelPerk, and HungryPanda. He is also a Board Member at Global Fashion Group. He is an alumni of London School of Economics & Political Science. He started his career at Goldman Sachs and he is currently a board member at Quikr & Saltside Technologies.

Christine Tsai
Investing in PropTech • Hardware (& Manufact...
 Palo Alto , San Franc..., U.S.A. - U.K. - South Korea - Japan
Investor Picture
Previous Investments
  • GoPillar (CoContest): $620000 (Seed Round)
  • Kin Insurance: $82000000 (Later stage VC)
  • Grin (e: (scooters))
  • Carsome: $20000000 (Later stage VC)
  • SmartHR: $13300000 (Later stage VC)
  • LottieFiles: $9000000 (Early stage VC)
  • Indio Technologies: $6000000 (Early stage VC)
  • CreditStacks: $4000000 (Seed Round)
  • Ghinwa: $3000000 (Seed Round)
  • Naluri Hidup: $1000000 (Seed Round)
  • Krosslinker: $920000 (Seed Round)
  • Osome: $150000 (Seed Round)
  • Nestrom: (Seed Round)
  • Grain: (Later stage VC)
  • Finedine Menu: (Seed Round)
  • BlockCypher Hijro burstIQ Libra Credit Network MedStack:
  • Sabbar:
  • Snapshyft:
  • Intrepid Group Asia:
  • Stack: $850000 (Seed)
  • Abound: $650000 (Pre Seed)
  • ProSky: $2400000 (Seed Round)
  • ProSky: $2000000 (Seed)
  • ProSky: $380000 (Seed)
  • Alphaus: $130000 (Seed)
  • Barn & Willow: $130000 (Seed Round)
  • Barn & Willow: $130000 (Seed)
  • GoPillar: $620000 (Seed)
  • Headout: $2000000 (Seed)
  • AstroPrint: $300000 (Seed)
  • AppZen: (Seed)
  • ViralGains: $3000000 (Seed)
  • Partender: (Seed)
  • Partender: $50000 (Seed)
  • CultureMap: $750000 (Seed)
  • Geekatoo: $500000 (Seed)
  • Friend Trusted: (Seed)
  • MailLift: $50000 (Seed)
  • Binpress: $1000000 (Seed)
  • Reesio: $210000 (Seed)
  • Reesio: $210000 (Seed Round)
  • Floqq: $50000 (Seed)
  • CapLinked: $900000 (Seed)

Christine Tsai

Palo Alto - San Francisco Bay Area, U.S.A. - U.K. - South Korea - Japan

Investing In

PropTech • Hardware (& Manufacturing) • Retail (& E-Commerce) • Sales (& Marketing) • Cosmetics (& Fashion) • IoT (& Wearables) • HealthTech (& Fitness) • Developer tools • Medical Devices (& Hospital Services) • Real Estate (& Construction) • Healthcare (& Wellness) • Consumer

Description

CEO and Founding Partner at 500 Startups

Suranga Chandratillake
Investing in Businesses Solutions • FinTech ...
 London, U.K.
Investor Picture
Previous Investments
  • LoveCrafts: $28790000 (Later stage VC)
  • Infarm: $25000000 (Early stage VC)
  • GoCardless: $22500000 (Later stage VC)
  • Depop: $20000000 (Later stage VC)
  • Hiya: $18000000 (Early stage VC)
  • Jobbio: $10000000 (Early stage VC)
  • Luno: $9000000 (Later stage VC)
  • Zego: $6000000 (Early stage VC)
  • The Curious AI Company: $3670000 (Later stage VC)
  • TrademarkNow: $3000000 (Later stage VC)
  • Dinghy: $1200000 (Seed Round)
  • Credit Benchmark:
  • Healx Ltd: (mid stage)
  • Dalia Research: (mid stage)
  • The Tab: (late stage)
  • Rang De: (early stage)
  • Blinkx:
  • Cobee: $41000000 (Series B)
  • Cobee: $17000000 (Series A)
  • Better Origin: $16000000 (Series A)
  • Wayve: $200000000 (Series B)
  • Wayve: $20000000 (Series A)
  • Wayve: $20000000 (Series A)
  • GitGuardian: $44000000 (Series B)
  • GitGuardian: $12000000 (Series A)
  • Hubilo: $130000000 (Series B)
  • Hubilo: $24000000 (Series A)
  • Funnel: $66000000 (Series C)
  • Funnel: $47000000 (Series B)
  • Funnel: $8000000 (Series Unknown)
  • Funnel: $10000000 (Series A)
  • Tessian: $65000000 (Series C)
  • Tessian: $42000000 (Series B)
  • Tessian: $13000000 (Series A)
  • Smol: $34000000 (Series B)
  • Smol: $10000000 (Series A)
  • Riff: $2000000 (Seed)
  • Healx: $56000000 (Series B)
  • Healx: $10000000 (Series A)
  • Contentful: $34000000 (Series D)
  • Contentful: $28000000 (Series C)
  • Contentful: $13000000 (Series B)
  • Contentful: $3000000 (Series A)
  • Contentful: $800000 (Seed)
  • Forethought: $1000000 (Seed)
  • Vivino: $20000000 (Series C)
  • Vivino: $25000000 (Series B)
  • Vivino: $10000000 (Series A)
  • Mojiworks: $3000000 (Series A)
  • Dalia: $7000000 (Series A)
  • Adludio: $2000000 (Series A)
  • Magic Pony Technology: (Series A)
  • Tab Media: $3000000 (Seed)
  • Cloud9 IDE: $3000000 (Series B)
  • Upside: $1000000 (Series Unknown)
  • Banjo: $16000000 (Series B)

Suranga Chandratillake

London, U.K.

Investing In

Businesses Solutions • FinTech (& Financials services) • Retail (& E-Commerce) • Entertainment (& Sports) • HealthTech (& Fitness) • Web Security (& Privacy) • Food & Beverage • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Mobility

Description

General Partner at Balderton Capital

General Partner at Balderton Capital

Petteri Koponen
Investing in IoT (& Wearables) • HealthTech ...
 Helsinki, Finland
Investor Picture
Previous Investments
  • Iceye: $13000000 (Later stage VC)
  • Enevo: $12000000 (Later stage VC)
  • BetterDoctor: $11000000 (Later stage VC)
  • Synoste: $5940000 (Early stage VC)
  • Minima Processor: $5500000 (Seed Round)
  • The Curious AI Company: $3670000 (Later stage VC)
  • Akkurate: $1440000 (Seed Round)
  • Shapr3D: $1300000 (Later stage VC)
  • Sulapac: $1000000 (Seed Round)
  • Aiven: $1000000 (Seed Round)
  • Smartly.io: (late stage)
  • Hive Helsinki Foundation:
  • Supercell Ventures:
  • True AI: (early stage)
  • Stylewhile: (early stage)
  • Startup Sauna: (early stage)
  • Grey Area: (early stage)
  • Thinglink: (early stage)
  • Aito Technologies: (mid stage)
  • Lifeline Ventures: (early stage)
  • Jaiku:
  • First Hop:
  • Covr Financial Technologies: (late stage)
  • Paygilant Ltd.: (mid stage)
  • Splitty: (mid stage)
  • Aureus Analytics: (mid stage)
  • Bactana Corp.: (early stage)
  • Dia Imaging Analysis:
  • Iridia:
  • Risk Ledger: $8000000 (Series A)
  • Risk Ledger: $3000000 (Seed)
  • Metroc: $2000000 (Seed)
  • Vensum Power: $2000000 (Seed)
  • Inven: $2000000 (Seed)
  • Varjo: $40000000 (Series D)
  • Varjo: $54000000 (Series C)
  • Varjo: $31000000 (Series B)
  • Varjo: $8000000 (Series A)
  • Swarmia: $1000000 (Pre Seed)
  • Swarmia: $7000000 (Seed)
  • Mojiworks: $3000000 (Series A)
  • Mojiworks: $630000 (Seed)
  • callstats.io: $560000 (Seed)
  • Nonstop Games: $3000000 (Seed)
  • Applifier: $4000000 (Series B)
  • Applifier: $2000000 (Seed)
  • MakieLab: $1000000 (Seed)
  • Uplause: (Angel)

Petteri Koponen

Helsinki, Finland

Investing In

IoT (& Wearables) • HealthTech (& Fitness) • Gaming (& eSports) • Advertising • Medical Devices (& Hospital Services) • Healthcare (& Wellness) • Consumer

Description

Founding Partner at Lifeline Ventures

Founding Partner at Lifeline Ventures

James Lewis
Investing in IT (& TMT) • Education • B...
 London, United Kingdom
Investor Picture
Previous Investments
  • PERSCITUS LLP:
  • JRNI:
  • TRINNY LONDON: (early stage)
  • BridgeU: (mid stage)

James Lewis

London, United Kingdom

Investing In

IT (& TMT) • Education • BioTech • Hardware (& Manufacturing) • Energy • Material Science • Medical Devices (& Hospital Services)

Description

Early Stage Investor

Early Stage Investor

Aapo Bovellan
Investing in Entertainment (& Sports) • Medi...
 London E LP, United Kingdom
Investor Picture
Previous Investments
  • myHealthPal: $780000 (Early Stage VC)
  • Surya:
  • Equinox Group:
  • Nuvalence: (early stage)
  • Proxy • Venture capital creatives: (early stage)
  • Uplause: (mid stage)

Aapo Bovellan

London E LP, United Kingdom

Investing In

Entertainment (& Sports) • Medical Devices (& Hospital Services)

Description

Founding Partner at Proxy • Branding VC

Mr. Aapo Bovellan is a Co-Founding Partner of Proxy Ventures. He served as a Board Member at Paptic. He serves as Board Member at Zen-Me. He served as Board Member and Advisor at Uplause. He is responsible for creating Uplause and Supercell brands. He drove the critically acclaimed global redesign of Nokia's brand, including the creation of the Nokia Pure typeface which won the Design Museum's Graphic Design of the Year.

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