![]() ![]() This, many say, is why successful European companies often take their money - and their jobs - to the U.S.Ī new capital markets union and so-called funds of funds, offering venture capital firms more help with supporting startups, is the European Commission's answer to the problem. But it could still take years for smaller European companies to feel the effects.īrussels Latest news, analysis and comment from POLITICO’s editors and guest writers in Europe. Their message is not new - startup founders have loudly and often complained about Europe's failure to effectively help small players scale-up and grow. ![]() It's regarded as one of Sweden's great tech successes, along with gaming company King and fintech firm Klarna. “We are now therefore forced to state that if no changes are made, we must consider growing more in other countries instead of Sweden,” they wrote, according to translated text in the Local.Įk and Lorentzon started the company in 2006. They cited an expensive housing market, an environment that makes it difficult to offer stock options to workers and a lack of emphasis on teaching coding in the education system.
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