全球风险投资状况（和欧洲）——2025年TechBBQ投资者日

Copenhagen26 August 2025 ABOUT DEALROOM.CO Mapping the worldʼstech ecosystems The source of record on startups, innovation,high-growth companies, venture capital andtech ecosystems globally Providing a 360-degree blueprint on tech ecosystems. 1The rise of Europe 2The State of VC Venture in Europe has started to come of age Share of global VC invested in European startups (1975-2024) $3.5 tn value created by European VC-backed companies since 1990. Incl categoryleaders like Adyen vs. Stripe, Revolut, Spotify vs. Netflix, OpenAI vs. DeepMind Combined enterprise value Europe VC-backed After a 30 year latestart, Europe's youngergeneration ofVC-backed startups aretakinga growing share ofglobal new enterprisevalue – around 17%over the last five years Enterprise value today of VC backed companies Europe producesunicorns at thesame rate as theUS, per amountraised Strongest cohort ofentrepreneurialtalent so far … Number of VC-backed startups coming out of … …. with strongest-ever pipeline of startups 1The rise of Europe 2The State of VC 3The European opportunity Startups are on track to raise $405B in 2025, above pre-pandemic levels Venture capital is growing again in Europe - $39B raised in 2025 to date Three European countries are among the top 10 by VC worldwide in 2025 Three European countries are among the top 10 by VC worldwide in 2025 The resurgence of the US is underway Europe accounts for ~15% of all VC raised globally The age of AI: the share of VC going to AI has skyrocketed A third of all new unicorns are AI startups (but 2/3 are still non-AI) AI companies do reach unicorn status faster Beyond AI - deep tech dominates all the most funded segments in tech Top funding tech segments by VC in 2025 - global 1The rise of Europe2The State of VC3The European opportunity Europe is full ofgreat universitiesbreeding deeptech talent,innovation andspinouts The entrepreneurial talentis here now too … Number of VC-backed startups coming out of … Europe hasserious playersacross the AIstack StockholmʼsLovable is thefastest growingAI startup in theworld European VC firms raise about $30 billion per year. But thereʼs a bigproblem: Europeis reliant onoverseas capitalat the breakoutand scaleup stage This picture has notchanged in last 10years, despiteintentions otherwise Also the absolute amount is falling short by about $30B per year.Especially at Series C, D, E+, pre-IPO rounds (as well as post-IPO) Power LawInvestorsOver 22,000 investors rankedquantitatively & transparently7th Edition orla@dealroom.co