What We Have Learned from Atomico’s State Of European Tech Survey (Audio Only) — Founder Interview
- Jörn Menninger
- Mar 15
- 5 min read
Updated: Apr 30
This story was migrated from our old blog, originally published on February 10th, 2022
What Is This About?
Atomico's annual State of European Tech survey is one of the most comprehensive data sources on the continent's startup ecosystem. In this joint IBGR and Startuprad.io program, we break down the key findings — from record funding volumes to talent flows and the rise of European deep tech.
This article is part of our coverage of FinTech, InsurTech and RegTech in Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.
This is the first joint radio program and podcast of IBGR and the Startuprad.
The best way to identify investors and cooperation partners for early-stage startups.
Today we bring you insights from Atomico’s State of European Tech 2021 — an annual survey of startups all over Europe taking place annually since 2015.
This is just a starting point for you to discover the whole report on your own.
What We Have Learned from Atomico’s State Of European Tech Survey (Audio Only) — Founder Interview Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This story was migrated from our old blog, originally published on February 10th, 2022

New Blog
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
A Joint Audio-Only Podcast
This is the first joint radio program and podcast of IBGR and the Startuprad.io podcast with its radio program Startup.Radio. You may know that IBGR and Startup.Radio are syndication partner, almost from the start of Startup.Radio. I, therefore, welcome William Eastman, founder of the IBGR Network, everybody calls Bill.
Tune in to our Internet Radio Station here:
Subscribe Here
Our Sponsor Startupraven
The best way to identify investors and cooperation partners for early-stage startups. Sign up for early access here:
What we have learned
Today we bring you insights from Atomico’s State of European Tech 2021 — an annual survey of startups all over Europe taking place annually since 2015. This survey may be the most comprehensive, repeated overview of the European startup and tech scene. This survey is a joint endeavor by Atomico, a London-based VC and PE fund, as well as the annual Slush tech festival in Helsinki, Finland. And, guys, you know a tech festival has to be good, if it can lure people to the freezing cold Helsinki in December. They also add data from providers like S&P and Dealroom in the mix. Startuprad.io had Dealrooms Founder in an interview btw.
This Episode is Audio only
You can subscribe to our podcasts here.
This is just a start
This is just a starting point for you to discover the whole report on your own. It spans more than 350 pages, so we can not give you all the information here. The bottom line is … I would say: The whole continental ecosystem all over Europe has been lacking behind the US and China for quite some time. It looks like they have started to catch up in a big way, despite corona. We see this in increases in the number of investors, startups, fundings (number and size), and the increase in the uni/decacorn herds. The authors see a potential for the whole ecosystem that is now worth 3 Trillion US$ to be worth 24 Trillion US$ in 2030.
Highlights / Talking Points Joe
Highlights for Bill
In the past, high regulatory bars have been an obstacle but that mindset is changing
EU is a single regulatory environment and with Basel IV protocols in place by 2023
The upcoming battle between private and government money — fintech is both investing and transactional
$4 bn fintech investments in Africa (100% increase) — 4 Countries:
$9 bn fintech investment in India (350% increase)
The total number is important, the growth number is critical (i.e. 350% increase)
Increase in funding = lack of available talent?
Brussell’s see this as a counter against slowing global growth
Where is the Great Reset and WEF on this?
Deep Tech investments — $60bn USD — 250% growth
Who else will benefit from the fintech investments? Thinking other IPO’s
Lessons learned from EU Unicorns?
Further Readings
Joe has also seen a Venture Capital Survey by the European Investment Fund (EIF) (link opens PDF) https://buff.ly/3IIo8B6
What Does Atomico's State of European Tech Show?
This episode distills key insights from Atomico's State of European Tech 2021 — the definitive annual survey of the European startup and technology landscape. Produced as the first joint radio program between IBGR and Startuprad.io, the episode serves as a starting point for listeners to explore the comprehensive report on their own.
Introduction
Originally published February 10th, 2022, this audio-only episode marks the first joint program between IBGR and Startuprad.io. The episode analyzes Atomico's State of European Tech 2021, widely regarded as the most comprehensive annual survey of European startup activity. Rather than covering every data point, the episode highlights key takeaways and encourages listeners to discover the full report independently.
Atomico's State of European Tech is the gold standard for European tech ecosystem analysis. This episode, a joint production between IBGR and Startuprad.io, breaks down the 2021 edition's key findings. The report covers funding trends, talent flows, sector breakdowns, and the maturation of European tech. The audio-only format provides an accessible overview of a report that typically runs to hundreds of pages.
Atomico's State of European Tech 2021 provides the most comprehensive overview of the European startup ecosystem.
This was the first joint radio program between IBGR and Startuprad.io.
The episode is designed as a starting point, encouraging listeners to explore the full report.
The report covers funding, talent, sectors, and ecosystem maturation across Europe.
Entities Referenced in This Episode
Atomico — VC firm publishing the State of European Tech report
IBGR — Radio partner for joint program with Startuprad.io
Topics: European tech report, startup ecosystem survey, VC data, European tech trends, annual report analysis
Quote Highlights
Atomico's State of European Tech is the most comprehensive, repeated annual survey of startups across Europe, running annually since 2015.
This episode marks the first joint radio program and podcast between IBGR and Startuprad.io, breaking down key findings from the 350+ page report.
The survey covers the full European startup landscape — from funding trends and founder demographics to regional strengths and emerging hubs.
The whole European startup ecosystem is positive and growing, with the 2021 survey highlighting record-breaking investment and expansion across the continent.
Related Episodes on Startuprad.io
Pulse of European Startup Ecosystem Q1 2022 — Quarterly European ecosystem update
Network of European Startup Hubs 101 — European hub network analysis
Browse all episodes — Topic hub: European ecosystem reports
Relationship Map
Jörn "Joe" Menninger → Host of → Startuprad.io
Partner with Startuprad.io
Startuprad.io is the leading independent media platform covering startups, venture capital, and innovation across the DACH region (Germany, Austria, Switzerland) and Europe. We offer B2B partnership opportunities for companies looking to reach startup decision-makers, founders, and investors.
Become a Partner — Learn about sponsorship and partnership opportunities
Contact us: partnerships@startuprad.io
Editor-in-Chief: Jörn "Joe" Menninger on LinkedIn
Subscribe to the Podcast
All podcast links: https://linktr.ee/startupradio
What are the key insights from "What We Have Learned from Atomico’s State Of European Tech Survey (Audio Only)"?
Atomico's State of European Tech is an annual report published by VC firm Atomico that provides the most comprehensive data-driven analysis of the European technology and startup ecosystem. It covers funding, talent, sectors, and trends.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
Support Startuprad.io
Startuprad.io partners with selected companies that want to shape the conversation around innovation, venture capital, and ecosystem development in Europe. If that is relevant for your team, you can learn more here: Partner with Startuprad.io




Comments