Dealroom report – Europe Q2 2024 VC
Description
Key learnings:
- Growth in European Venture Capital Investment:
- Venture capital investment in Europe is up 14% in Q2 compared to Q1 and 12% year-on-year, with European startups raising $15.6 billion in Q2 2024. This level of investment is tracking above all but the outlier years of 2021 and 2022.
- Sectoral and Regional Investment Trends:
- Energy continues to be the most funded sector in Europe in 2024, maintaining its top position from 2023. Generative AI, Hydrogen, and Electric Mobility are also leading segments in 2024. The UK, France, and Germany remain the top venture-funded countries, with significant contributions from large rounds in the Netherlands.
- Concentration in Leading Cities and Countries:
- Venture capital investment is highly concentrated in Northern European cities, with London leading the way, followed by German hubs and Cambridge. The UK, Germany, and France together represent a major share of the total European venture capital investment.
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