US and Asian Investment in European Startups Goes Bananas

Investment into European tech startups from the US and Asia is on track to nearly double this year after a bumper few months where foreign venture capital firms have made billion-dollar bets on the continent.

Inbound investment from the US and Asia is set to reach €14bn, up from €8bn last year, according to data from Dealroom, thanks to raises by companies such as fintech N26, travel company Get Your Guide and Romanian robotics group UiPath.

This is part of a growing trend of inbound investment into European startups as the ecosystem matures. But the scale of the investments in recent months suggests that this interest is now accelerating at a considerable pace.

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Source:  Sifted, a new media site for Europe’s entrepreneurs

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