European Tech Investment Surges as Lobbying Efforts Intensify

European Tech Report Highlights Growing Lobbying Efforts and Investment Trends The annual State of European Tech report, released by venture capital firm Atomico, revealed a significant upward trend in investment in the European tech sector. According to the report, the total investment in European startups reached $123 billion in 2022, a 32% increase from the previous year. This growth is a testament to the region's growing appeal to investors and the increasing maturity of its tech ecosystem. The report also highlighted the growing influence of European tech companies, with Atomico's portfolio including high-profile companies such as Aiven, DeepL, Klarna, Pipedrive, Stripe, and Supercell. These companies have achieved significant success, with some of them reaching unicorn status and expanding globally. The report's author, Tom Wehmeier, emphasized the importance of using these insights to advocate for policy changes that can support the growth of the European tech sector. One of the key findings of the report is the growing trend of European tech companies engaging in lobbying efforts. This shift reflects a broader recognition of the need for policy changes to support the growth of the sector. The report's four policy recommendations, Fix the friction, Fund the future, Empower talent, and Champion risk, aim to address specific challenges facing European tech companies. These recommendations are based on insights gathered from a wide range of respondents, including investors, startups, and industry experts. The report's focus on policy changes is a significant departure from previous editions, which primarily focused on assessing the state of the tech ecosystem. This shift reflects the growing recognition of the need for policy support to drive the growth of the sector. As European tech companies continue to grow and expand globally, they are increasingly turning to lobbying efforts to influence policy decisions. The report's findings have significant implications for the European tech sector. The growing trend of investment and the increasing influence of European tech companies are clear indicators of the sector's growth potential. However, the report's policy recommendations highlight the need for policy changes to support the growth of the sector. By addressing challenges such as regulatory friction, funding gaps, talent shortages, and risk aversion, policymakers can create a more favorable environment for European tech companies to thrive. The report's author, Tom Wehmeier, emphasized the importance of using the insights gathered from the report to inform policy decisions. "It's no longer enough to show how far we've come," he said. "It's critical, too, that we use those insights to point the way forward." By advocating for policy changes that support the growth of the European tech sector, Atomico is taking a proactive approach to shaping the future of the industry. In conclusion, the State of European Tech report highlights the growing trend of investment and the increasing influence of European tech companies. The report's policy recommendations provide a roadmap for policymakers to create a more favorable environment for the sector to grow. As the European tech sector continues to evolve and expand globally, it is likely that lobbying efforts will play an increasingly important role in shaping policy decisions.