Release Startup Heatmap Europe 2021

Release Startup Heatmap Europe 2021

The findings of the 2021 Startup Heatmap Europe report show a continued strong growth of European ecosystems despite international competition and the effects of Brexit and the COVID-19 pandemic. However, Europe suffers from a worsening funding gap in the seed stage and unrealized potentials of internationalization.

You can also download a pdf version of the report:

Positive Overall Performance:

  • Overall funding grows by 14% to 46.3bn € in 2020
  • Record high of 5.9bn € government funding balances COVID-19 shock
  • Slow but steady growth: Europe now has 6 “unicorn ecosystems” with total investments of more than 1bn € / year


  • Fierce competition: 27% of founders start their company abroad
  • Brexit pushes London down, while Berlin takes the lead in founder popularity
  • Virtualization of events generates 50-160% growth rates in meetups in top hubs.

Dangerous Developments:

  • Discrimination against women entrepreneurs amounted to
    3bn € in 2020
  • 58% of startup communities shrank due to the pandemic
  • Internationalization rate of startups falls below 50%

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