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Laxman Pai, Opalesque Asia: Europe beat its previous annual high of $41.9 billion in VC investment (2019), attracting $49 billion in VC investment in 2020, said a study.
According to the KPMG Private Enterprise Venture Pulse report, Europe also saw a second straight quarter of record VC investment, with $14.3 billion raised across 1,192 deals, compared to $13.8 billion across 1,473 deals in Q3'20.
France-based agtech Ynsect attracted the second-largest deal this quarter in Europe ($372 million), just after LumiraDx's $389 million funding.
VC investment in the UK surged to a record $5 billion during Q4'20, significantly higher than the previous record of $3.9 billion seen in both Q4'17 and Q3'19.
The UK accounted for more than half of Europe's largest deals in Q4'20, including LumiraDx ($389 million), Molo ($343 million), Cazoo ($310 million), and OneTrust ($300 million).
The UK ($15.3 billion), Germany ($7.1 billion), France ($6.3 billion), the Nordic regions ($5.7 billion), and Israel ($5 billion) all saw record amounts of annual VC funding in 2020.
"We all know that COVID-19 has been an incredible challenge this year in every region of the world. But with great challenge often comes great opportunity - and the tech sector has certainly seen that this year," says Kevin Smith Co-Leader, KPMG Private Enterprise Emerging Giants Network, KPMG International.
"The acceleration in digitization and changes in consumer behavior ...................... To view our full article Click here
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