The US continues to hog the global herd of unicorns, dwarfing the EU in both the number and total valuation of billion-dollar startups. However, the Netherlands provides a minor bright spot, according to a new report by PwC.    More than 3,000 companies worldwide have reached unicorn status since 2013, collectively reaching a staggering valuation of $27 trillion, according to the study. The US accounts for 55% of these and a whopping 75% of their total valuation.   In stark contrast, the EU has contributed just 9% of billion-dollar startups and generated 4% of global unicorn value in that timeframe.  Despite the…

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Sustainability tech has been all the buzz in the last few years. Investors are hunting promising ESG businesses, governments are pushing ambitious legislation, and companies are getting on board to adopt new solutions. Sustainability funding is projected to reach unprecedented levels, with BCG Henderson Institute estimating accumulated global investment to achieve net zero to hit $75 trillion by 2050.  And yet, behind the curtain, the picture isn’t quite as rosy. According to Statista, VC investment in sustainability and climate tech has been steadily declining since 2021. While AI startups often manage to secure funding rounds within mere weeks, sustainability-focused companies…

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“For the third time, stop tapping!” my primary school teacher screams at me from across the room. I must not have heard her the first two times. I’d been drumming on the desk again, using my fingers for sticks and the floor beneath for a kick drum. While my body was in maths class, my mind was elsewhere.   It was 1970. I was John Bonham, drummer of legendary rock band Led Zeppelin, on stage at the Royal Albert Hall, performing “Moby Dick” — one of the most iconic drum solos of all time. The lights are low, the atmosphere electric,…

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Europe is home to twice as many climate tech startups as the US (30,000 vs. 14,300). However, limited access to VC funding is forcing these early-stage companies to seek capital from outside the continent, according to a new report released at the Munich Security Conference today. Venture financing in Europe averaged just 0.2% of GDP between 2013 and 2023, a fraction of the US average of 0.7%. While the continent is great at creating clean tech companies, it’s not so good at funding them.  The authors of The Importance of Climate Tech for European Resilience report — the World Fund,…

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Mistral CEO and co-founder Arthur Mensch has urged Europe to invest more in AI infrastructure amid fears that the continent is falling behind the US and China in tech development. “It’s important to have European players coming to the game,” Mensch said at the Visionaries Unplugged conference in Paris yesterday. “Europe needs to invest in owning and operating the infrastructure so that the money that is being made will not just go back to the hyperscalers in the US.” Mensch was joined at the conference by a cohort of tech luminaries, including DeepMind founder Demis Hassabis, LinkedIn co-founder Reid Hoffman,…

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