Venture capital investment in European start-ups dropped by more than a third in the second quarter, contributing to anxiety about the continent’s technology sector – which is expected to be buffeted by Britain’s exit from the EU. In Europe, funding from venture capitalists fell from $4.3 billion in the second quarter of 2015 to $2.8 billion in the three months that ended last week, according to preliminary data provided by research firm Pitchbook.
Image: A March for Europe demonstration against Brexit in London on Sunday. The British capital is home to more than four in 10 of Europe’s start-ups valued at over $1 billion. Photograph: Neil Hall/Reuters
