EUROPE

TECHUPDATE

Q32024

Image:TheLightsof London;London,southern halfofGreatBritainandpartsofEurope,2012.NASAonTheCommons,

October2024

Europeanstartupsraised$11.3Bin

Q32024.

Whileventurecapital

investmentdoestypicallyslowoverthesummerinEurope,Europeanand

globalventurecapitalhaditslowestquarterlytotalforfouryearsinQ32024.

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EuropeVCinvestmentbystage?

viewonline

▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC)▊$100–250m(megarounds)▊$250m+(mega+)

Source:Dealroom.codealroom.co

Page/3Source:Dealroom.codealroom.co

2024Europeanventurecapitalinvestmentistrackinginlinewith2023,andaheadof

2019/2020.

EuropeVCinvestmentbymonth(2019-2024)?

viewonline

2024

Page/4Source:Dealroom.codealroom.co

Over2000

roundsof$2M+havebeenraisedbyEuropean

startupsin2024todate.

Theventure

industryismoreactivethananytimepre-2021.

EuropeVCroundsover$2M(2019-2024)?

viewonline

2024

Early-stageEuropeanVChasbeenrelatively

stableinrecentyears

▊$4–15m(SeriesA)

▊$1–4m(Seed)

▊$0–1m(pre-Seed)

Breakout-stageVCisinlinewithrecentquarters

▊$40–100m(SeriesC)

▊$15–40m(SeriesB)

Late-stageinvestmenthasseeaslightslowdowninQ3

▊$100–250m▊$250m+

Page/5Source:[]dealroom.co

Page/6Source:Dealroom.co.Basedonfixed32-sectorDealroomtaxonomy.dealroom.co

HealthhasbeenthemostfundedsectorinEuropesofarin2024.

Healthhasseenacome-backin2024-afewmegaroundsintheUKhavepushedHealthtothetop.Thisisabitofa

shiftfrom2023andpreviousquarters,whereEnergywasleadingtheway.

Europe?sleadingindustriesbyVCinvestment,2024YTD(Q1-Q3)

?viewonline

Page/7Source:Dealroom.co.GranularcategorizationbasedonthousandsoftagsinDealroomtechtaxonomy.dealroom.co

LeadingEurope?sleadingsegmentsbyVCinvestment,2024YTD(Q1-Q3)

?viewonline

segmentsin

European

startupsin2024include

IndustrialTech,GenerativeAI,

ElectricMobilityandOncology.

Oncologyhasseenanearly$600MfundingjumpinQ32024.

Page/8Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

TheUK,

Germanyand

Franceremain

thetopventurefundedcountriesinEurope.

LeadingEuropeancountriesforVCinvestment?

viewonline

CountryVCinvestment2024Changevs.2023

Page/9Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

EuropeanVCisconcentratedintheNortherncitieswith

Londonleadingthewayand,2GermanhubsandCambridgemakingthe

Top10.

LeadingEuropeancitiesbyVCinvestment?viewonline

HubVCinvestment2024.Changevs.2023

Page/10Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

Europeison

trackforastrong$33Bindry

powderfor2024.

Europeanfundshavesofarraised$27B.

EuropenewVCfundsraised

Mnewfundsraised?projection

Page/11Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023.dealroom.co

EuropeanHQ

startupsreceiveover60%oftheirfundingfrom

Europeaninvestors.

34%offundingis

receivedfromdomesticinvestors

Europeanventurecapitalbyinvestorsource

?viewonline

Page/12Source: