Scale-up Gap for European Startups and Concentration on the US Market
- 1Mistral's $3.5 billion Series D funding ranks 19th among the largest funding rounds in the US.
- 2Approximately 40% of EU startups take more than 7 years to secure sufficient funds for scaling up after their first patent application.
- 3An OECD analysis shows that EU startups take an average of 1.5 years longer to scale up than US startups.
So what's the key point?
European companies are taking longer than US companies to raise the money needed to grow their businesses. While some companies like Mistral raise large amounts of capital, many businesses are struggling to scale up.
Source Klement on Investing · View original ↗
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