What I observe is the trend to automate our lives. Yes, I feel grateful to Uber, AirBnB, mobile banking, online shopping, and many other great tech products that improved my everyday life. But, what I see as unhealthy though is making technology new religion, obsession with efficiency, and ignoring things…

According to the report of the VC firm atomico, the top 10 tech capital investments in $M in 2019 in Europe were the following:

  1. Enterprise software: 7505
  2. Health: 3624
  3. Energy: 3080
  4. Transporation: 2306
  5. Food: 2289
  6. Marketing: 2088
  7. Travel: 1945
  8. Security: 1850
  9. Robotics: 1392

As wee see, fintech and enterprise software are distinct leaders and industries where the most money is.

Certainly, the amount of capital investments in 2020 in total will be most probably lower than in 2019 due to the pandemic. The travel industry will feel it quite painful. On the other hand, the health industry could get a boost due to COVID-19.

So what is your prediction about the trends in 2020 industry-wise?

PS. www.scaleuphero.com provides fundraising support in Europe to purpose-driven tech companies.

Sergiy Sumnikov

Business development advisor for expansion in Europe (www.scaleuphero.com) and mindful living enthusiast and coach (www.sergiysumnikov.com)

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