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- Europe’s startups are hiring faster as they attract record levels of funding.
- Recruiters told us the competition and COVID-19 means the power lies with candidates.
- Remote and hybrid work are now front and center of candidates’ minds.
- See more stories on Insider’s business page.
The confluence of COVID-19 and record levels of VC investments has led to a race for tech talent in Europe, as cash-rich startups negotiate with candidates who want perks like remote work.
“The talent wars are hotter than ever,” Ruth Foxe-Blader, a partner at VC fund Anthemis told Insider. “The market is extremely competitive because of the compressed deal time and large rounds we’re seeing.”
2021 is a record year for European funding already, with startups raising $65 billion already, up from 2020’s $46 billion total, per Dealroom data.
Startups, with more cash at their disposal, are now competing with each other to find executives who are capable of turning them…
