Vision and reality
This happy pairing of European investors and European entrepreneurs is far from unique. As startup industries have bloomed in several cities in the European Union, including Berlin, London and Stockholm, the amount of money raised by European venture-capital funds has surged. Even so, they have a long way to go to catch up with their American counterparts, which raised $30.7 billion in 2014, over five times as much as the €4.1 billion ($5.4 billion) collected in the EU.
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