2021 is shaping up to be a stellar year for startups in Europe.
Investment in Europe startups tracked at $21.4 billion in the first quarter, more than double funding amounts year over year and close to double over the last quarter of 2020. Funding at every stage was up with late-stage funding growing the most.
Early-stage funding, at $5.8 billion, is also at an all-time high for European startups. The next highest quarter for funding was the third quarter of 2020 at $5.4 billion. Funding is up 62 percent year over year and 49 percent quarter over quarter. Funding counts are also up quarter over quarter. This typically trends down for the most recent quarter due to data lags.