As figures reveal 811 European firms participated in 2680 deals since early 2015, Cambridge has raised a $90m fund and the Chinese government is aiming for a $30bn vehicle.

There is little question the venture market is becoming larger but also more diverse.

Since the start of last year, 811 European VCs have participated in at least one of the 2,680 venture deals completed across the continent, according to our data partner, PitchBook, which noted that globally VC fundraising hit a record in the second quarter. 

However, more than half of its top 10 since the beginning of 2015 are state-run investors (name with their…