Europe’s tech companies lost over $400 billion in value in 2022
[ad_1]
Tech companies in Europe fell in price in 2022 by more than $400 billion, according to report venture capital firm Atomico. Their total market and estimated value decreased from $3.1 trillion to $2.7 trillion. Experts explain this situation with a number of negative factors – record inflation, rising interest rates, geopolitical instability and armed conflict in Ukraine. “This is the most difficult macroeconomic situation since the global financial crisis,” he said. CNBC Atomico partner Tom Wemeyer.
The volume of venture investments in the technology sector in Europe has decreased markedly this year. If a record of $103.6 billion was set in 2021, then by the end of the current year, as Atomico analysts expect, this figure will be about $85 billion. grew by 52%. But in the spring, the activity of investors began to fall rapidly. Already at the end of the first half of the year, growth compared to 2021 was at the level of only 4%. In autumn, investors invested only $3-5 billion per month in technology startups, as a result, the volume of investments in the third quarter collapsed by more than 40% compared to last year.
[ad_2]
Source link
