According to The Wall Street Journal’s Ben Rooney, Venture Capital, Russia, Europe, Venture Capital, Finance, Netherlands, Germany, France, Economy, U.K Data on venture-capital funding show the extent of the boom in Russia’s technology sector over the past six years.
In our report Monday, we wrote that the U.K. led the overall European venture-funding pecking order, followed by Germany, France and the Netherlands. That was for all sectors, based on data produced by Dow Jones VentureSource.
Looking at the numbers for just the tech sector, a rather different pecking order emerges.
The revised tech figures push the Netherlands right off the grid (there was a large deal in 2012 in the biopharmaceuticals sector, which is why the Netherlands was ranked fourth overall). As of 2012, the top five nations were, in order: the U.K. (€867.46 million), France (€508.76 million), Germany (€431 million), Russia (€236.55 million) and Sweden (€88.93 million).