• Funding for quantum startups in 2023 dropped worldwide, except in EMEA where $781m was raised.
• Poland’s SMOK has closed its second fund for CEE startups at $25m.
• E.ON-backed Future Energy Ventures has raised €110m to invest in climate tech.
The article highlights several key developments in the European startup ecosystem. It begins by discussing the decline in funding for quantum startups worldwide in 2023, with the exception of EMEA. In this region, quantum startups raised $781 million, surpassing their counterparts in North America and Asia-Pacific.
Next, the article mentions Poland’s SMOK closing its second fund for CEE startups. The venture capital firm has invested in 12 startups from the region and plans to make up to 20 new deals.
The article also covers the €110 million raised by E.ON-backed Future Energy Ventures. The Berlin-based climate tech fund plans to invest in three key areas to accelerate the green transition.
Additionally, the article discusses the challenges faced by women in tech and highlights a list of 16 of Europe’s best tech communities for women to join. It also addresses the impact of new UK rules on women’s ability to angel invest in startups, expressing concern about the potential exclusion of women and underrepresented groups from angel investing.
The article then delves into insights on how to go to market in 2024, according to startup operators and investors. It emphasizes the importance of profitable growth and highlights advice provided by industry experts in partnership with Stripe.
Furthermore, the article mentions funding raises and developments in other sectors, such as fintech, insurtech, deep tech, and healthtech. These include rounds raised by companies like Aqemia, Onera, and CellVoyant, as well as insights on the challenges and opportunities faced by these industries.
Overall, the article provides a comprehensive overview of recent developments in the European startup ecosystem, covering funding, investments, and industry insights across various sectors.