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Read about Germany recently €30 billion plan for the startups, I was intrigued. Is the country getting jealous of French tech? Is there hope for a competitive post-Brexit UK? Perhaps both, but it also has a national goal – to keep the profits from domestic successes at home. Let’s investigate. – Anna
Second, third or eighteenth?
European startups have weathered the decline in venture capital well, and funding fell slightly in the second quarter compared to the first three months of 2022.
German startups fared worse: According to EE, they raised 20% less capital in the first half of 2022 compared to the same period last year. This increases private equity, but venture capital is significantly reduced from €4.44 billion to €2.89 billion (roughly the same amount in US dollars).
