Top 10 European countries where VCs led to job creation

Top 10 European countries where VCs led to job creation - Portugal Business News

Investment News Europe – Here is the ranking of the Top 10 European countries where companies backed by private equity funds and VCs led to job creation, as well as the percentage job growth through VC funding for each country:

The European average for job creation through companies that are not backed by private equity and venture capital is a staggering 1%, according to the Invest Europe 2025 report on Private Equity at Work.

Around 11.2 million employees got jobs in European companies backed by private equity or VC funds in 2023, that equals to an average of 5% of the 240 million people in Europe's workforce, according to Eurostat. However, the Top 10 European countries with companies backed by private equity and VCs registered a percentage of job creation that was well over the European average.

For SMEs, the average growth rate for jobs created by private equity and venture capital is 6.4%. This figure is higher in Southern Europe where private equity and VCs led to a 10.9% job growth for SMEs (Small and Medium Enterprises) in 2023.

Pension funds and insurance companies were a major contributor to job growth in Europe with €213 billion committed directly to European private equity from 2019 to 2023.

Top 10 European countries where private equity funds and VCs led to job creation & the percentage job growth for each country:

1 - Ukraine

Companies in Ukraine that were backed by private equity and VCs led to a 22.5% net job growth in 2023.

2 - Ireland

Companies in Ireland that were backed by private equity and VCs led to a 10.8% net job growth in 2023.

3 - Norway

Companies in Norway that were backed by private equity and VCs led to a 9.9% net job growth in 2023.

4 - Italy

Companies in Italy that were backed by private equity and VCs led to a 9% net job growth in 2023.

5 - Switzerland

Companies in Switzerland that were backed by private equity and VCs led to a 8.8% net job growth in 2023.

6 - Czech Republic

Companies in Czech Republic that were backed by private equity and VCs led to a 8.8% net job growth in 2023.

7 – Spain

Companies in Spain that were backed by private equity and VCs led to a 8.7% net job growth in 2023.

8 – Baltics

Companies in Baltic countries that were backed by private equity and VCs led to a 8.3% net job growth in 2023.

9 – Belgium

Companies in Belgium that were backed by private equity and VCs led to a 7.5% net job growth in 2023.

10 – Sweden

Companies in Sweden that were backed by private equity and VCs led to a 6.9% net job growth in 2023.