European Start-up Hotspots: An Analysis based on VC-backed Companies

Daniel Nepelski, Giuseppe Piroli and Giuditta De Prato

No JRC101215, JRC Research Reports from Joint Research Centre

Abstract: Through the perspective of VC-backed companies, this report describes the main locations of start-up activity in Europe, i.e. start-up hotspots. It aims at providing evidence on start-up activity in Europe and at describing the European VC activity over the last two decades. The study reports the following: • Europe receives 15% of global VC investments. After the dot.com hype, VC activity in Europe decreased and has never come close to the levels from 2000. VC funds have also moved away from seed to later stage of funding. • 28% of all European VC-backed companies are based in one of the 20 cities. Paris, London and Berlin lead the ranking of cities with the highest number of VC-backed companies in Europe. • The location of a start-up is likely to be one of the major factors influencing the amount of money it receives from VC funds and the number of funding rounds it goes through. • Majority of European VC-backed companies are up to 8 years old and have up to 100 employees. • The majority of VC-backed firms in Europe belong to the Business, Consumer and Retail industries.

Keywords: venture capital; start-ups; entrepreneurship (search for similar items in EconPapers)
JEL-codes: G24 L26 O3 R51 (search for similar items in EconPapers)
Pages: 82 pages
Date: 2016-07
New Economics Papers: this item is included in nep-ent, nep-ino, nep-pay and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc101215

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