Europe’s new tech founder is rising
Historically, Europe trailed behind the US in originating tech giants, a gap often attributed to bureaucratic challenges and a shortage of venture capital. However, a more critical factor has been the relative scarcity of technical founders – those with deep expertise in the technologies that drive innovation.
Yet – the landscape is changing, as our recent report, Europe’s New Tech Founders 2024, illustrates. For the first time, more than half of the founders behind Europe’s emerging unicorns possess strong technical backgrounds. These founders are not just business-minded entrepreneurs; they are engineers, scientists, and AI experts who are tackling some of the most complex challenges with cutting-edge solutions. Their technical prowess is attracting record levels of investment, signaling a shift in confidence among investors who see the value in deep tech innovation.
Moreover, the report underscores a significant increase in applications from technical talent across Europe, particularly in fields like AI and engineering. This trend suggests a growing pipeline of future innovators, poised to push the boundaries of what’s possible in technology. As these technical founders gain momentum, Europe is on the brink of competing with, and possibly surpassing, other global tech hubs.
If this momentum continues, Europe could finally produce its first true tech giants – companies that not only lead in their fields but also redefine the global tech landscape. With the right support systems in place – including access to capital, streamlined regulatory environments, and robust mentorship networks – these founders have the potential to transform Europe into a leading global tech powerhouse, reshaping the continent's digital economy for the better.
TC Høiseth is a Partner at early-stage investor Antler, focusing on global fundraising. Previously, he held senior roles at Arctic Securities, including Corporate Finance Partner and Executive Chairman at Arctic Brasil, specializing in international finance and cross-border transactions. He is also a Board Member at SOS Children's Villages Norway.
