VCs at the forefront of tech-driven societal change

EIT Digital applauds the soaring growth of the European tech ecosystem, now valued at an astounding €3.5 trillion, more than doubling in value over the past five years.

The latest "European Women in VC: Beyond Returns" report, proudly sponsored by EIT Digital, highlights the significant contributions of venture capital in this journey. With over 2,400 active VC firms and the creation of 6.3 million jobs through startups, venture capital has been instrumental in fostering growth, innovation, and sustainability across Europe.

A standout finding from the report is the focus on positive impact investments. In 2023, a third of the €53 billion raised by European tech startups was directed toward positive impact startups addressing the UN Sustainable Development Goals (SDGs). The Nordic region leads this trend, with 61% of VC investment targeting impact-driven ventures.

The report also emphasizes the importance of diversity in achieving higher returns and greater impact. Women-led and co-led VC teams have demonstrated superior performance, aligning with the broader industry belief that increased diversity leads to better investment decisions and financial outcomes. A significant 87% of surveyed VCs and LPs support this view, highlighting the need for more inclusive practices within the venture capital sector.

EIT Digital, as a leading European innovation and education organisation, has been at the forefront of this growth. Our support for the "Beyond Returns" report aligns with our mission to foster digital innovation and entrepreneurial talent for a strong digital Europe.