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Not Dead Yet: This applies to both the UK’s ability to attract venture capital dollars and the promise of autonomous cars. — Anna
It still leads
Venture capital firm Atomico predicts that the amount of venture capital invested in European startups this year will be 52% lower than in 2021. I’ve written about these findings before, but there’s a key nuance of information that we haven’t yet revealed: the variation between countries .
While the slowdown is visible across Europe, Atomico notes that data from Dealroom and Crunchbase on capital invested in the first half of this year shows a steeper year-on-year decline in the UK than in other leading European countries.
Compared to France and Germany, where the totals are 55% and 44% lower than in the first half of 2022 respectively, the UK has fallen further: 57%.