The number of US software firms expanding to Europe collapsed 60% after the UK\'s Brexit vote and has yet to recover

The number of US software firms expanding to Europe collapsed 60% after the UK's Brexit vote and has yet to recover

Business Insider Thursday, 25 June 2020 ()
The number of US software firms expanding to Europe collapsed 60% after the UK's Brexit vote and has yet to recover· *The number of US enterprise software startups expanding to Europe has collapsed 60% in the wake of the UK's Brexit vote, according to a survey by Frontline Ventures.*
· Although Brexit primarily impacts the UK, the research suggests some US founders were "spooked" by the vote out of expanding to the continent at all.
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