Silicon Valley immediately springs to mind when people think about the heart of technology innovation. But it turns out that investors looking for returns from fast-growing tech startups might be wiser to start hunting for those in London, Berlin, Stockholm, or Madrid. The returns from European venture capital investments have exceeded those from similar investments in the U.S. in every time period for the past two decades. That’s according to data from investment firm Cambridge Associates, published in a new report on the state of Europe’s tech sector created by European-focused venture capital firm Atomico. The firm was founded by billionaire Skype cofounder Niklas Zennström and has more than $2.7 billion in assets under management.
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