This year we've seen a number of new VC's setting up in Europe, including Felix Ventures and Mosaic Ventures, both spin out teams from other established funds, as well as more money from other relatively recent funds such as Passion Capital. There's also been greater activity from US funds crossing the Atlantic in search of great growth stage companies. Add this to the emergence of some strong new European unicorns, and big rounds into household names like Spotify this year, and it all adds up to a growing strength and maturity in the European tech eco-system maturing.
Last year, Google announced that its venture capital unit had started a $100 million fund to back tech companies from Portugal to Poland. A number of American firms, including Sequoia Capital, Benchmark Capital and Union Square Ventures, also have crossed the Atlantic to pen early-stage deals with a growing number of European start-ups.