đź“Š Slow recovery of the venture funding in Europe
European venture funding reached $45B in 2024, a slight drop from last year but showing signs of stabilization. Despite growth in AI investments, overall funding remains low, with fewer exits and rising debt.
While Europe’s tech scene is expanding, it’s still trailing behind the U.S. in terms of funding and valuations.
đź“Š Slow recovery of the venture funding in Europe
European venture funding reached $45B in 2024, a slight drop from last year but showing signs of stabilization. Despite growth in AI investments, overall funding remains low, with fewer exits and rising debt.
While Europe’s tech scene is expanding, it’s still trailing behind the U.S. in terms of funding and valuations.
Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation. Founder Pavel Durov says tech is meant to set you free Official government accounts have also spread fake fact checks. An official Twitter account for the Russia diplomatic mission in Geneva shared a fake debunking video claiming without evidence that "Western and Ukrainian media are creating thousands of fake news on Russia every day." The video, which has amassed almost 30,000 views, offered a "how-to" spot misinformation. On February 27th, Durov posted that Channels were becoming a source of unverified information and that the company lacks the ability to check on their veracity. He urged users to be mistrustful of the things shared on Channels, and initially threatened to block the feature in the countries involved for the length of the war, saying that he didn’t want Telegram to be used to aggravate conflict or incite ethnic hatred. He did, however, walk back this plan when it became clear that they had also become a vital communications tool for Ukrainian officials and citizens to help coordinate their resistance and evacuations.
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