EU-backed startups account for 10% of European startups that have raised VC investment, translating to €70bn in VC funding and 13% of total enterprise value in Europe.
Company Description
EU-backed startups are those that have received funding from EU grants and equity financing, accounting for 10% of the European startup ecosystem. They have raised €70bn in VC funding since 2010, primarily in sectors like spacetech, semiconductors, and biotech.