The situation of the European technology sector in 2019

We have received an email from The situation of the European technology sector in 2019 made by the British investor group Atomico and I’m sure he might be interested in more than one. The informant claims to be a useful and transparent look based on data from the European technology ecosystem thanks to its partners Advanced-HR, CBRE, CERN, Craft,, European Business Angels Network, European Investment Fund, European Startup Initiative, Flourish, Indeed, Invest Europe, London Stock Exchange, Meetup, Politico, Quid, Radford, and Stack Overflow.

The gaming sector received an investment of $ 574 million in 2019

Despite the trade war between the EU. UU. and China have risen to market volatility, the report on the situation of the European technology sector this year reveals that European technology has continued its steady and steady growth, playing an important role in the global economy in 2019. One of the main reasons has sido la financial record of more than $ 34.3 billion in European technology companies, a figure much higher than last year when we sat back at the $ 24.6 billion, indicating a growth of 39%. In addition, a record number has been reached in the number of investments that have exceeded the $ 100 million mark. In fact, in 53 companies, up to 32 last year.

In 2018, the number rose to $ 628 million, $ 53 million less than in 2018

Without embargo, the Spanish technological ecosystem has stopped this year to the extent that funds and talent growth have been reduced. The report, published by London-based investment firm Atomico in collaboration with Slush and Orrick, ensures that Spanish startups have achieved a total funding of $ 1.340 million in 2019, which increases 4% of the total invested capital. The figure is also slightly lower than the year before (0.17% less). Spain is the only state in the top 10 of European technology countries that has not experienced increased funding. In the general ranking, Spain is in sixth place, after Great Britain, Germany, France, Sweden and Switzerland.

The accident is over Portugalwhere funding has fallen back to 66%, around $ 141 million in 2019. These data reflect the impact of the major financial rounds, particularly in Spain Letgo, at $ 430 million and the Portuguese OutSystems at 360, both in 2018.

The gaming sector

Poor results for the fashion sector, which in 2019 received a total investment of $ 574 million. In 2018, the number rose to $ 628 million, $ 53 million less than in 2018.

Fashtech is one of the most prominent sectors in terms of gender diversity, yet the percentages show that there is still a long way to go. Thus, 83% of the companies that received an investment of more than 100 million euros had a group formed by men, facing 17% of those formed by women.

Spain is growing like deep technological hub. This category is supposed to be a combination of technological innovation with academic research that brings together entrepreneurs and scientists about products or services that combine scientific advances with technological innovation and in addition want to help make the world a place. Financing for Spanish deep tech companies has reached $ 280 million in 2019, almost half of all financing for Spanish deep tech companies in five years.

Our country is always on the border with other major European states in density conditions for developers and researchers per. inhabitant. In fact, it has 3 researchers and 7 developers for every 1,000 inhabitants. A figure similar to that in countries such as Greece, Poland and Hungary, which have significantly fewer inhabitants. At the top of this ranking is Denmark with 8 researchers and 17 developers for every 1,000 inhabitants. Aun well, Barcelona received $ 36,961 in capital from developers, including the fourth city, in addition to London, Stockholm and Berlin in invested capital of talent over the past five years. If we talk in general about reverse capital, Barcelona is down in seventh place on the list of cities, and we first find Madrid in tenth place.

as far as Spanish talentif last year there were 308,500 developers, in 2019 the number has risen to 323,000. Without hesitation, our country has seen how the vacancies of software engineers have increased. In fact, the figure increased in 2019 by 15%, the third largest increase in Europe, only after Austria and Portugal.

In the category of technology-based startups, London, Paris and Berlin occupy the first three positions. Barcelona and Madrid appear in fifth and eighth place with 796 and 577 companies founded in 2019, respectively.

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Spanish technological ecosystem

The Spanish technological ecosystem is very scattered. Only 37% of developers live in Madrid. In London, 57% of software developers in the UK and Paris live aglutina with 55%.

The European Union’s technological policies remain a mystery for European entrepreneurs. When asked about the European Commission’s maximum priority in this case, 40% of the founders and staff to assist in the birth of the insured company do not have enough information to dispute. Despite this lack of information on political issues, the vast majority of respondents went to the EU’s Competition Commissioner, Danish Margrethe Vestager, as the policy that has been most influenced by European technology, for better or worse. MEPs have not proposed any policies this year related to the fintech sector or to digital health, two sectors in which they have invested $ 12.7 billion.

Europe’s diversity figures continue to grow shady. 91.6% of the funding was to go to European companies with male management capital, a figure corresponding to 2018, when it reached 91.7%. In the case of Spain, the numbers are the same, 90% this year and 84% previous training.

There is only one woman in charge of CTO (acronym in English of Chief Technical Officer, Director of Technology in Spanish), among the 119 companies (<1%) that have this responsibility in their organization, according to the survey of company executives who have taken the lead among European venture capitalists, who completed a round of financing. A or B between October 1, 2018 and September 30, 2019 of more than $ 10 million financing dollars. Not surprisingly, 7.5% of software engineers are women.

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Social suggestions from startups. European companies are not the only ones trying to achieve commercial success, but over time, their proposals are to solve some of the biggest problems plaguing the planet. One in five founders say their business is already paying for it social or environmental impact. Only 14% do not think these motives are relevant to their business. Without a ban, they have a more tangible preoccupation when it comes to measuring impact. Employees also place greater emphasis on corporate social responsibility; 57% would consider it to be of great importance, according to Atómico.

The mental health of the employer, what matters most. As part of this report, Atomico has included a comprehensive survey of 1,000 European startups to get a profile. One of the main conclusions is that the mental well-being is sufficiently occupied. A quarter of the founders assured that putting the company on hold has had a negative impact on its mental health. They maintain that their primary defaults are family settlement and do not feel trapped in the company.

More than the average number of founders who have raised external capital, 57%, would be grateful to receive support from their team or their own investors to deal with the pressure of being the company’s founder.

“European technology continues to stand out in the global economy despite the fact that this year’s media focus has been on the turbulence in the technology markets. The European economy may not be immune, but its technologies have continued to build records for the last twelve months, ”he assured. Tom Wehmeier, partner, Head of Insights at Atomico, and responsible for reporting. “European technology companies operate at a level that many considered impossible in the first edition of this report five years ago. There is plenty of talent, companies valued at more than $ 150,000 million and a record high level of institutional investors. Without embargo, although little progress has been made, there is still a huge shortage of diversity.Europe must differentiate.We have a great opportunity and the political leaders a big role to play.There are a large number of entrepreneurs who ignore European political vision of technology, ”he concluded. Wehmeier.

All indications are that the technological ecosystem is the engine of the greatest growth in Europe, with the most successful private technology companies and the best economy in history and a much shorter recycling so that these companies can succeed. Chris Grewpartner with Orrick in London, leading venture capital adviser in Europe for 14 consecutive quarters.

For his part, Andreas Saari, CEO of Slush stated that “we believe that entrepreneurship is one of the most effective ways to change the world. According to data from this year’s survey, only 15% of founders in Europe think it is not relevant for them to At the same time, 96% of venture capital funds are being evaluated or are considering evaluating companies’ long-term social and environmental impact on their portfolio. This is a big step forward for what we are proud of and of “We believe that Europe can lead the way globally. Without a doubt, Europe is still struggling with the theme of diversity in its set, and the company is not equally accessible to all”.

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