Venture capital firm Atomico’s annual State of European Tech report is out and it shows investment is trending upwards. But this year’s edition goes beyond the usual assessment of the tech ecosystem; it has become a piece of advocacy that reflects a broader shift: European startups and investors are increasingly turning to lobbying.
“It’s no longer enough to show how far we’ve come. It’s critical, too, that we use those insights to point the way forward,” said the report’s author, Tom Wehmeier, who is also a partner at Atomico and the firm’s head of intelligence. This includes four policy recommendations with fairly self-explanatory names: Fix the friction, Fund the future, Empower talent, and Champion risk.
While Atomico is using answers from a wide range of respondents to advocate for these specific recommendations, it arguably has some authority to speak for more than itself. Founded in 2006 by Skype co-founder Niklas Zennström, its portfolio includes high-profile European companies such as Aiven, DeepL, Klarna, Pipedrive, Stripe, and Supercell.
Taking a page from Big Tech and from legacy industries, as well as from their U.S. peers, European tech companies of that scale are increasingly learning to lobby for themselves — at the company level, with public affairs hires, but also collectively, with open letters that European institutions have paid attention to.
This also explains why many of Atomico’s recommendations align with topics that are already very much in the air, both in the startup community and in the Brussels policy world — whether it is the 28th regime proposed by advocacy group EU-INC to create a pan-European company structure (currently, companies must navigate 27 different national regimes), calls for l …