Paris named as Europe’s leading tech ecosystem, beating London


FILE PHOTO: A view shows the illuminated Eiffel Tower in Paris, France, June 26, 2023. REUTERS/Stephanie Lecocq/File Photo

STOCKHOLM (Reuters) -Paris has been named as the new European tech champion, beating London for the first time on some metrics, according to data from Dealroom, which collects information on startups and venture capital firms.

Between 2017 and 2024, the combined enterprise value of Paris startups increased 5.3 times, compared with 4.2 times for London, Dealroom said, after assessing dozens of metrics that contribute to a successful tech ecosystem.

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