Top Tech News: Apple Exec Reveals Secret Behind Custom Chip Success; European Tech Funding Slows, IPOs Set to Rebound in 2024
Funding for European tech startups in 2024 is expected to slightly decline to $45 billion, down from $47 billion in 2023 and significantly below the $101 billion peak in 2021, according to Atomico. While venture funding has slowed, IPO activity is showing signs of revival. With only 11 IPOs in 2024 so far the lowest in a decade a growing number of European companies, including Revolut, Zopa, Bolt, and Klarna, are preparing for public listings. Atomico has identified over 100 potential IPO candidates, with many already hiring CFOs, signaling readiness for market entry. Growth is anticipated in 2025 as funding rebounds.
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