Five European tech companies worth less than the money they’ve raised

Haven't heard about any of these companies, except Deliveroo which is apparently still in the green:

> Deliveroo currently has a market cap of £1.53bn ($1.87bn), having raised $1.61bn in VC funding.

£1.53bn! Wow! That's a lot of "value" attributed to the emperor's cloths, if you ask me...

tl;dr a lot of companies were over valued, a lot of companies are still over valued. Yes, also in Europe.