A report conducted by Atomico, one of the largest European technology and start-ups investors ranks another Romanian city, besides Bucharest and Cluj-Napoca in the top fast-growing IT hubs.
We are talking about Iasi, eastern Romania, which is praised as being second the fastest-growing IT hubs in the entire Europe.
Iasi ranks second in the top 20 fastest-growing tech hubs in Europe by year-on-year growth of attendees to tech-related Meetup events per city.
“Europe continues to see geographic diversity amongst the Top 20 fastest-growing tech hubs by year-on-year growth to tech-related Meetup events. Iasi, a city in Romania where United State’s tech giant Amazon set up office space, ranked number two as the fastest-growing community overall.”
Iasi is also second in Europe in the Top 10 fastest-growing hubs in Europe by YoY growth rate of active members in tech-related Meetups.
“Central & Eastern European cities dominate the list of top ten fastest-growing hubs by growth of active members year-on-year.”
Cluj is also mentioned in the Atomico report: “What are the best hubs for European tech? Cluj-Napoca, Romania, Delft, the Netherlands, Minsk, Belarus. European tech is no longer driven by a handful of cities and a handful of countries. More European countries can say they have created a billion-dollar tech company. Universities across the region are creating more spinoffs. And founders are choosing even more to found where they are, further fueling local tech communities and setting the stage for the global category winners of tomorrow.”
Bucharest is there, too on the tech investments chapter. “The top 10 European tech hubs for capital invested is becoming an increasingly interesting set of cities. Places perhaps less known to European tech outsiders have established themselves as important destinations for inbound capital flow, including Bucharest, Cambridge and Munich.”
UiPath is mentioned in the Top 20 largest VC-backed fundraising deals in 2019 (by round size), ranking third in Europe with $568M in April 2019.
London is Europe’s tech capital, as measured by the total number of unique companies that have raised funding since 2015, with more than twice the number of the second city by size, Paris. In total, Europe is home to more than 13,000 unique companies that have raised funding since 2015.