European Tech: A Call to Diversify

The European startup scene has been shaken by a warning from a leading venture investor. He says that too much dependence on U.S. tech and funding is turning into a strategic risk for the continent.

The investor, who has backed big names like Spotify and Revolut, argues that Europe needs to take control of its own technology future. He urges companies and investors to look beyond American sources for both ideas and money.

New Fund Aims to Strengthen Defense Tech

To support this push, Lakestar has created a new $300 million fund called “Resilience.” It will back dual‑use and defense companies in NATO countries. The fund also has a partnership with BAE Systems, a British defence contractor, and its board includes former U.S. Secretary of State Mike Pompeo.

“Being independent means owning both the tech and its financing,” he stressed.
The message is clear: Europe must build its own capabilities to avoid being at the mercy of external powers.

European Leadership in Conflict Response

Hommels, a key adviser to the NATO Innovation Fund, said that European governments should lead any conflict response, even if U.S. money is involved. He highlighted this year as a turning point for defense‑tech firms to demonstrate their products and win military contracts.

EU’s Acknowledgment of AI Sovereignty

The warning echoes a recent statement by EU Commission President Ursula von der Leyen. She acknowledged that export restrictions on companies like Anthropic have shown Europe’s lack of AI sovereignty, even as she called for stronger U.S.–EU ties.

The Big Question

This debate points to a larger question: can Europe grow its own tech ecosystem while still benefiting from global collaboration? The answer may lie in balancing foreign investment with domestic innovation and control.