Over €100 billion invested in European tech startups in 2022

Investors have invested more than 100 billion euros in European tech startups during 2022. A year earlier, these startups raised more (118.8 billion euros in total). The difference is linked to difficult market conditions in the past year.

“Despite the recession, high inflation and decrease in financing rounds, more than 100 billion euros was invested into European tech startups, for the second year in a row”, says Andrei Dudoiu, managing partner at SeedBlink. The crowdfunding platform conducted a research into the European tech ecosystem, together with research bureau Horváth.

Decrease of 16%

According to the research, European startups in tech raised a total of 118.8 billion euros in 2021. For the total of 2022, they are estimated to have raised 100.4 billion euros. This is a decrease of 16 percent, but a decrease was to be expected because of the high inflation, economic recess and the war in Ukraine.

‘Venture capital financing grew 11% in Central Europe in 2022.’

Financing rounds were smaller in 2022, but still, more than half of the total funding came from these rounds. The total number of investments in venture capital during last year is expected to decrease almost 10 percent. However, that amount is still higher than in 2019 and 2020. Strikingly, startups in Central Europe show a growth of 11 percent in venture capital financing in 2022.

European financial ecosystem

“The European tech sector is increasingly finding financing opportunities close to home, so that the sector can achieve growth within Europe and is not dependent on the US or Asia”, says Dudoiu. “Startups can therefore increasingly count on a truly European financial ecosystem and investors can expand their investment universe”, adds Robbin Hoogstraten, regional manager at SeedBlink Benelux.