Sofia ranked in Top 10 fastest-growing tech hubs in Europe

2019/01/08
State of European Tech

Sofia is the second fastest-growing tech hub, by year-on-year growth of active members of tech-related Meetup groups, according to the State of European Tech Report 2018.

The fourth edition of the annual report by London-based international investment firm Atomico aims to provide the single, most comprehensive data-driven story of European technology today.
 
The report contains data and analysis provided by leading technology and consulting companies, as well as data from a survey of 5,000 members of the tech ecosystem, from founders to students, investors to researchers.

In data provided by online groups and event platform, Meetup, Sofia was ranked second among the Top 10 fastest-growing tech hubs in Europe with 81% year-on-year growth in active members in tech-related groups on the platform. 

On the whole it was an incredible year for European tech with the software industry growing 5x faster than the rest of the European economy in terms of Gross Value Added, a level that has accelerated in recent years. The European tech workforce also grew 4% in 2018, a significant difference to overall EU employment growth of 1.1%.

See the key findings and full report here