Venture Capital/VC/Analysis/ Move over London, Paris is now the fastest growing major tech hub in Europe Paris is growing twice as fast as London in terms of venture capital deals. By Ian Hathaway 29 April 2019 \Venture Capital How VCs' lack of succession planning is leaving big firms without a future By Mimi Billing 27 January 2023 Venture Capital/VC/Analysis/ Move over London, Paris is now the fastest growing major tech hub in Europe Paris is growing twice as fast as London in terms of venture capital deals. By Ian Hathaway 29 April 2019 London may still be the startup capital of Europe, but Paris is growing twice as fast. The number of venture capital deals worth more than $2m in London has risen from 155 deals back in 2014 to 301 last year, according to Sifted’s analysis of Dealroom data. That’s a compound annual growth rate of 18% over the four-year period. But the number of venture deals in Paris grew a whopping 34% a year over the same period from 56 in 2014 to 178 in 2018. That’s more than twice London’s growth rate. Paris also accounted for 10.3% of deals in Europe in 2018, up from 5.8% in 2014 — a near doubling. This is the main takeaway from Sifted’s Chart of the Week in partnership with Dealroom. Away from the London-Paris rivalry, the two other large European startup hubs also saw significant growth over the same period. Stockholm grew an average of 28% each year between 2014 and 2018, while Berlin managed half that at 14%. Stockholm expanded its share of deals in Europe from 2.8% in 2014 to 4.2% in 2018, while Berlin’s share fell slightly from 6.4% to 6.1%. These four startup hubs as a group grew faster than the rest of Europe — expanding venture deal activity by 22% each year on average, compared with 13% for the rest of the continent. That lead to an expansion of their share of European venture deal activity from 31% in 2014 to 38% in 2018. This news of increasing concentration of venture deal activity among Europe’s leading startup hubs follows an earlier Sifted analysis, which showed records being set on the continent for deal sizes, total capital deployed, and co-investment from Silicon Valley investors. Related Articles “VCs aren’t the enemy” By Denis Shafranik Click here to read more European VCs are missing out on the best software deals By Panos Papadopoulos Click here to read more “Choose one: VC, or motherhood?” By Reshma Sohoni Click here to read more Europe’s unexpected new fintech investor: Checkout.com By Isabel Woodford Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?