The below chart looks at the long-term evolution of European venture capital by country of origin. Funding from Continental European based VC funds has been on the increase, at the expense of the UK which has seen a relative decline (but still absolute strong growth).
About methodology: the country or origin is based on the VC fund’s headquarters. For rounds with multiple investors, the allocation is assumed to be proportionate, i.e. if three funds participated in one round, each fund is allocated 1/3 of the total round size.