European techstartupswill see a 38% investment drop in 2023 compared to 2022 levels, the latestreportby Atomico finds.
But Europe isnt alone in navigating a tough year fortech.
The US and China are also looking at a 49% investment decrease in 2023 compared to 2021.
This is followed by France at 55% and Germany at 44%.
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In addition, startups in the continent continue to lead in purpose-driven tech that meets the UNs sustainability goals.
Notably, the flow of capital in generative AI is also on the rise.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
