Sifted report – H1 2024 review
Description
Key learnings:
- Overall Investment and Funding Trends:
- In H1 2024, Europe saw a total investment of €47.3 billion from 2,971 rounds. This includes €27.8 billion in equity funding, which, despite being slightly down from H2 2023, is higher than the same period last year. The debt total reached a massive €18.7 billion from 92 deals. Pre-seed, seed, and Series A deals accounted for 82.8% of the total deal count but only 19.7% of the funding.
- Geographical and Sectoral Insights:
- The UK led with €13.3 billion, followed by Sweden with €12 billion, and France with €6 billion. Stockholm received the most funding among cities (€10.8 billion), followed by London (€10.3 billion). Climate tech received the most investment at €21.3 billion, driven by large debt rounds. The sectors with significant investments included energy storage, advanced materials, and electric vehicles.
- Notable Deals and Unicorns:
- The report highlighted 87 rounds of $100 million or more, with Northvolt (€5 billion) and H2 Green Steel (€4.75 billion) securing the largest deals. Europe minted eight new unicorns in H1 2024, surpassing the total number from 2023. Additionally, there was a significant rise in median round sizes, with the average cheque being 23.2% higher in Q2 than in Q1.
#investment, #equityfunding, #debtfunding, #earlystage, #venturecapital #VC