deliveroo 180m durable capital partners fidelity

Northvolt, a Swedish startup, has set off to produce more sustainable, environmentally friendly lithium-ion batteries for electric cars, run by former Tesla managers. Where exactly could Europe differentiate itself from the tech giants? There are three major fields emerging as possible options: There needs to be a plan so it can be put into action and work can begin. The Horizon Europe fund will invest up to EUR 95.5b over the next six years as part of a funding program for research institutions, innovation-driven companies and startups.įood for discussion: most politicians’ speeches are valid while they’re in office, and then their promises fizzle out in excuses. With the Dutch ASML and German SAP, Europe has already pushed out to companies past the 100b mark. French President Emmanuel Macron wants to ensure Europe produces ten EUR 100b tech companies by 2030. That is why many high-ranking politicians have recognized this as a problem of utmost importance. Politicians aim highĮurope has been lagging behind the leaders in the tech industry. Overall, the financing situation in Europe currently looks like this:įood for discussion: there is more money in European scale-ups than ever before, most of which comes from the US and Asia, However, infrastructure construction on both American continents and Africa is mainly funded by Europe and China. Northvolt and Klarna, both from Sweden, have even managed to raise more than EUR 1b in fresh capital each. More investment in techĪlready before the first half of 2021, the sum of investments in European tech, especially startups, has exceeded that of 2020. Europe is facing a second Renaissance, driven by innovation, competitive pressure and the post-corona phase. New online payment services, Amazon alternatives, eVTOLs, neo brokers, green batteries, delivery services, educational tech: Europe no longer has to hide from Silicon Valley and is creating independent services and companies that are unparalleled worldwide. Since October of 2020, more than 150 new unicorns have been created in the US, 11 in India, nine in China, and 25 in Europe.Įurope’s number of unicorns is up there with the biggest players in the industry, and it keeps increasing every day.

The old world may not be stuck in the Dark Ages any more, but looks quite old compared to the high-tech empires of the US, China and India. This is the period that pulled Europe out of the Dark Ages. The renaissance brought about many inventions without which the world would not have been the same.

Deliveroo 180m durable capital partners fidelity