Octopus Ventures' CEO Erin Platts Speaking at London Tech Week
Octopus Ventures CEO Erin Platts says the global venture capital and private equity ecosystem "continue to be constrained." Speaking to Bloomberg TV's Tom Mackenzie on the sidelines of the London Tech Week, Platts noted that stagnation around exits is one of the key areas that is making it difficult for new investments going into founders. (Source: Bloomberg)
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Europe, we're not leaving. Period.
There are some headlines making the rounds claiming that TechCrunch is 'pulling out of Europe' and shuttering its coverage of European startups. This is flat-out wrong. It misrepresents who we are, what we do, and — most of all — what we believe. The recent changes at TechCrunch are not about retreat. They are about realignment and reinforcement. This new chapter is fueled by our partnership with our sister company, Foundry, which was brought under the same ownership to create a tech media entity with unparalleled global scope. To be clear, Foundry is a powerhouse of international technology journalism. Its portfolio includes established and respected brands like PCWorld, Macworld, CIO, and TechAdvisor, with a vast network of journalists and deep-rooted expertise in local and regional tech ecosystems across Europe and the world. The suggestion that our new ownership believes international coverage is unessential is patently false. The entire purpose of bringing TechCrunch and Foundry together is to create a stronger, more globally focused media platform. Why we fight for this beat Europe is where fintech regulation is rewritten, where quantum startups spin out of Max Planck labs, where climate-tech pilots become the standard for the rest of the planet. In 2024 alone, European founders raised over €40 billion; many of the unicorns we covered last year were born on this continent. If you care about the future of technology, you have to be here. And we are. As we integrate the strengths of both TechCrunch and Foundry, here is our promise to the founders, investors, and readers in Europe and beyond: Radical presence. We will be on the ground — from demo days in Tallinn to hydrogen-hub unveilings in the Basque Country — because stories look different up close. We will be on the ground — from demo days in Tallinn to hydrogen-hub unveilings in the Basque Country — because stories look different up close. Relentless scrutiny. Hype dies in daylight. We'll keep asking the annoying questions and digging for the real story so you don't have to. Hype dies in daylight. We'll keep asking the annoying questions and digging for the real story so you don't have to. A true global megaphone. A breakthrough in Zagreb deserves the same volume as one in Silicon Valley. By merging the TechCrunch and Foundry networks, we will amplify European innovation to millions more readers in 190+ countries, providing deeper insights and a truly unified global vision. To the startup community: Keep your tips, term sheets, and tantrums coming. Send them to tips@ or ping our encrypted channels. We'll be listening — louder and more broadly than ever. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW TechCrunch isn't retreating from Europe. We're doubling down. — Michael Reinstein, Chairman and Publisher
