TECHNOLOGY

Didn’t anyone tell Europe that the party is over? – sure naira

Apparently not, if venture capital activity on the continent is any indication

Alex Wilhelm Anna Heim 14 hours

Didn’t anyone tell European venture capitalists and startup founders that we should be? on the threshold of a global recession?

With startups and VCs all heralding the demise of investment activity around the world, you’d think a market the size of Europe would be quite affected. But European venture capital activity declined only slightly in the second quarter compared to the previous three months. In addition, venture totals on the continent remained robust, leading to a better-than-expected start-up fundraising performance in the first half of the year.

From a macroeconomic perspective, we have plenty of reasons to be concerned about Europe today. The Russian invasion of Ukraine, the slowdown in global GDP growth, inflation concerns and tightening of policy for central banks be cause for concern, to pick a few issues. So why were European companies’ results so strong?

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