![]() Investors ploughed a record €109bn of venture capital into European companies in 2021, according to deal data provider PitchBook, with more than a third of that concentrated on IT and software as demand for cloud-based tech surged. ![]() In particular, consumer-facing businesses involved in tourism, hospitality, and retail struggled to survive the impact of lockdowns despite government aid programmes.īut, for others - notably in technology and ecommerce - lockdowns were a boon to business, as homebound consumers working and shopping online accelerated digitalisation across sectors. ![]() As Covid-19 restrictions and global supply chain disruptions lasted into a second year, companies across Europe suffered a double blow of lost sales and rising costs in 2021. ![]()
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