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Startups

Asian investors hungry for Europe tech startups, equity expert says

Chinese tech giants and SoftBank look to continent as valuations soar elsewhere

Chinese ride-hailing company Didi Chuxing invested in Estonia-based Taxify ahead of a funding round by European investors.   © Reuters

TOKYO -- Asian investors are joining the race to invest in European technology startups, according to an industry group executive, a sign of growing competition as valuations rise in the U.S. and China.

"Tech funds [in Europe] are competing with Asian strategic investors who are looking to buy into that early-growth-stage tech company," said Michael Collins, CEO of Invest Europe, an association of private equity and venture capital companies, during a recent interview in Tokyo. "There are Asian companies that are competing to buy the assets in the first place."

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