Dealroom CEO says Europe's first trillion-dollar startup may already exist

Dealroom founder and CEO Yoram Wijngaarde told Wave by Vento in Turin that Europe's VC-backed ecosystem could overtake its industrial base in value within five years, and the first trillion-dollar European startup may already be at an early stage. European venture investment runs at $89bn a year, with 56 companies worth over $10bn and $4.4tn in combined value.

• European venture investment runs at $89bn a year and rising
• 56 European VC-backed companies are worth more than $10bn
• Combined value of Europe's VC-backed firms is $4.4tn
• 1% of Europe's pension capital would boost scale-up funding by 50%