Nearly €80bn of public money is flooding into European VCs and startups. Is it what the market needs? | Sifted

European public institutions have pledged nearly €80bn to support startups and scaleups.

The commitments come from governments, sovereign funds, state-backed banks and other public actors across Europe.

Supporters say the money could strengthen funding for European tech and improve competitiveness.

Critics question whether this much intervention, and this style of capital, is what the market actually needs.