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Data on the size of tech-related Meetup communities per city is useful in helping identify a new generation of hubs emerging across the region and achieving meaningful scale in the number of active participants in local tech-related Meetup events.

The signs that every city in Europe is becoming - or will eventually become - a tech city continue to strengthen. There are now 180+ hubs across Europe that host tech-related Meetup events with high levels of regularity throughout the year.

Legend

  • # European cities
Note:
2018 annualised based on data to end of September 2018

It’s clear that Europe’s tech ecosystem to date has been driven by just a handful of cities. The share of capital invested over a five-year period in leading cities versus their relative share of professional developer talent is telling. For example, 76% of all capital invested into Europe since 2013 has flowed to just 10 hubs representing just 30% of the talent pool.

Share of capital invested (2013 to 9M 2018) versus share of professional developer talent pool for Top 3, 5 & 10 hubs

Legend

  • % capital invested
  • % professional developers
Note:
Top 3 hubs based on total capital invested 2013-3Q2018 are London, Berlin, and Paris. Top 5 adds Stockholm and Barcelona. Top 10 adds Cambridge, Dublin, Amsterdam, Madrid, and Moscow.

It's interesting to compare the 'bang for buck' different cities have achieved by measuring across them the level of capital investment per local professional developer. Such comparison shows Berlin stands apart as a real outlier, having attracted a disproportionate level of investment relative to its local developer pool.

Top 10 European cities for capital invested ($) per professional developer

Legend

  • Capital invested per developer ($)
  • European average ($)
Note:
Investment amounts are based on capital invested in the city in aggregate between 2012 and September 2018 divided by the total number of professional developers (2018) in the city.

The emergence of global hits like UIPath from Bucharest, Supercell from Helsinki, Farfetch from Lisbon -- all from far beyond the unicorn-factories of London, Stockholm and Berlin - marks a new era for Europe.

The big change is that there are now plenty of examples of how it’s possible to create world-changing companies from all over Europe. The emergence of global hits like UIPath from Bucharest, Supercell from Helsinki, Farfetch from Lisbon -- all from far beyond the unicorn-factories of London, Stockholm and Berlin - marks a new era for Europe. However, so far founders from non-hub cities have been inadequately served by investors who tend to focus on the traditional geographies and are not equipped to offer the same support when a startup originates from a small town in, for example, Germany or Estonia.

Ophelia Brown

Blossom Capital

Europe’s tech community outside its Top 20 hubs continues to flourish.

Tech hubs everywhere

53%
of all tech-related Meetups in Europe now happen outside of the Top 20 hubs in the region, up from 42% in 2014.

In addition to normalising investment levels on a straight per capita basis, it's interesting to look at how much capital has been invested into different countries based on the size of the local professional developer talent base. Finland and Sweden have achieved remarkable success when you look at the level of capital invested relative to the size of their developer populations.

Capital invested ($) per professional developer by country

Legend

  • Capital invested per developer ($)
Note:
Investment amounts are based on capital invested in the country in aggregate between 2012 and September 2018 divided by the total number of professional developers (2018) in the country.

Berlin's relatively small professional developer community has attracted a disproportionate amount of capital investment compared to any other European city, including London

Capital bang per developer buck

$97,404
capital invested since 2013 per developer in Berlin, the highest concentration of capital invested per developer of any European city.