Foreign Investment in Europe’s Big Startups ‘Grinding to a Halt’

Overseas investment into Europe’s latter-stage technology startups dropped to a four-year low, according to a report from venture capital firm Atomico.

That drawback came primarily from major investment funds, such as Tiger Global, Coatue Management and SoftBank Group Corp.’s Vision Fund, which in recent years plowed record amounts into startups across the globe. In 2021, these “crossover” funds — firms that invest in public and private companies — made 82 new investments in Europe, according to the report. So far this year, they’ve made four.

“You’ve seen a dramatic pullback, almost a grinding to a halt of ...