European start-up funding triples to a new record above $100 billion this year

CNBC December 7, 2021
Ryan Browne

Key Points

– Start-ups in Europe are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico.

– Europe is now home to 321 billion-dollar “unicorn” companies, 98 of which were minted this year.

– A combined $275 billion worth of enterprise value was produced by European tech company exits this year.

LONDON — Europe’s tech sector is on fire.

Start-ups in the region are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico, roughly three times the $41 billion of capital raised in 2020.

It’s the first time European start-ups have raised more...

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