Europe’s venture ecosystem has grown, but how durable is the capital supporting it? Government and sovereign funding remain significant while European pension fund participation is still limited.

In this episode, Dan Bowyer, Mads Jensen and Priyanka Savjani of SuperSeed examine what Europe’s reliance on public capital means for the long-term strength of its venture market.

They also share their takeaways from the All-In Summit, discuss why Langdock reversed its Delaware structure, assess how higher rates could affect AI infrastructure spending and explore Europe’s role in physical AI and advanced manufacturing.

Highlights

Why public funding can leave European venture politically vulnerable
What limited pension fund participation means for long-term capital
Why Langdock moved its corporate structure back to Europe
Whether independent evaluation can address AI safety concerns
How rising rates could reshape the AI infrastructure boom
OpenAI’s advertising opportunity and the economics of conversational AI
European technology’s role in physical AI and manufacturing
The companies and technologies worth watching this week

Timestamps

(00:00) Cold open
(01:13) Introduction
(02:39) Inside the All-In Summit
(15:00) Closer ties between Canada and the EU
(17:59) Why LangDock moved its corporate structure to Europe
(20:38) Who funds European venture?
(23:44) AI safety: Slow down or audit the models?
(35:53) How higher rates could affect AI infrastructure spending
(42:45) OpenAI’s advertising and monetisation opportunity
(46:39) European IPOs and the OpenAI–Anthropic model race
(49:41) Physical AI, humanoid robots and industrial software
(55:37) Deals and companies of the week
(58:48) The week ahead

This Week in European Tech: Europe’s venture market still leans on public capital

EUVC

This Week in European Tech: Europe’s venture market still leans on public capital