Jun 9, 2022
The European tech ecosystem has roared past an impressive milestone, surpassing the $3 trillion mark across public and private markets. In the first few months of 2022, investment in European tech surged 50 percent even as the number of IPOs declined, according to Tom Wehmeier, a partner in the venture capital firm Atomico. In this episode, he discusses the evolution of Europe’s tech ecosystem and looks around the corner to the next State of European Tech, an annual report Atomico publishes with support from Orrick and others. Wehmeier also talks about the rise of remote work, a growing focus on mission and purpose, and the challenge underrepresented founders continue to face accessing capital. He says the ecosystem’s growth underscores a founding belief of Atomico: that great companies can spring up anywhere, and that no region has a monopoly on talent or ideas. Listen as Wehmeier talks with Orrick partner Chris Grew about how the war in Ukraine, inflation, supply-chain disruptions and the pandemic have affected European tech this year – and why he sees a bright future, despite some headwinds.