Europe’s tech scene is rapidly maturing, as evidenced by a steady increase in equity funding in tech startups, an amount reaching €25 billion+ in 2017. The region is also now home to 57 'unicorns', according to research by GP Bullhound.
Europe’s great diversity - an amalgamation of over 40 countries with their own languages, cultures, and regulations - has created both challenges and advantages for its startup ecosystem(s). On the one hand, language and legal barriers can make it harder for European startups to expand and scale into neighbouring countries. Yet the continent’s diversity also contributes to its creative potential and innovation.