Dealroom.co – From Savings to Sovereignty, Sep 2025

The main theme of the report concerns innovation and long-term economic growth in Europe, with a focus on the technology sector.

The European tech ecosystem has reached maturity, making Europe one of the most attractive places for investment due to the growing number of large companies. There is significant dependence on foreign capital, which slows economic growth in Europe. The capital need for the European tech ecosystem is about 0.2% of GDP, much less than the needs in defense, energy, and infrastructure. European pension funds hardly invest in venture capital, which is a strategic vulnerability. Signs of increasing the role of pension funds in financing innovation are observed, which could significantly transform the financing of European innovations.