European tech companies are being starved of later-stage venture capital when compared to their U.S. counterparts, with fewer than one in three to four securing funding after a seed round, according to a leading venture capitalist.
Simon Cook, CEO of London venture-capital firm DFJ Esprit LLP, also said that the U.K.’s dominance as the European center for venture capital was slipping. According to Mr. Cook, somewhere between 500 to 1,000 companies a year get funding deals in Europe of under $5 million.
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