Europe Tech Update – Q1 2024

EEuUrRoOpePEtechupdate TQ1E2C024HUPDATE Q12024 April2024 ImagegeneratedbyFrancescoMagniusingMidjourney VenturecapitalinvestmentisgrowingagaininEurope. Europeanstartupsraised$13.7BinQ12024,up5%yearonyear. Page/2 ▊$0–1m(pre-seed)▊$1–4m(seed)▊$4–15m(seriesA)▊$15–40m(seriesB)▊$40–100m(seriesC) ▊$100–250m(megarounds)▊$250m+(mega+) Source:Dealroom.co Europeanventurecapitalinvestmentistrackingasimilarpathto2023,behindonlytheoutlieryearsof2021/22andaheadof2019/2020. Page/3 Source:Dealroom.co Over500roundsof$2M+havebeenraisedbyEuropeanstartupsinQ12024. Theventureindustryismoreactivethananytimepre-2021. Page/4 Source:Dealroom.co Early-stageEuropeanVChasbeenrelativelystableinrecentyears ▊$4–15m(SeriesA) ▊$1–4m(Seed) ▊$0–1m(pre-Seed) Breakout-stageVChasstabilizedabove pre-2021levels ▊$40–100m(SeriesC) ▊$15–40m(SeriesB) Late-stageinvestmentisup2.1xyearonyearinQ12024 ▊$100–250m ▊$250m+ Source: Page/5 Source:[] Forthefourthconsecutivequarter,EnergyisthemostfundedstartupsectorinEurope. Before2023,EnergytypicallyrankedbehindFintech,HealthandEnterpriseSoftwarebyVCinvestment. Page/6 Source:Dealroom.co LeadingsegmentsinEuropeanstartupsin2024includeElectricMobility,HydrogenandIndustrialTechnology. Page/7 Source:Dealroom.co DeeptechandClimateTechkeepattractingalargeandgrowingshareofVCfundinginEurope. Deeptechattracted$3.8BinQ12024,27%ofthetotalVCfunding. ClimateTechattracted$3.5B,26%ofthetotalVCfunding. TheintersectionofDeepTechandClimateTechaccountfornearly13%ofVCinQ1,onanupwardtrajectory. Page/8 $3.8B $3.5B $1.6B Source:Dealroom.co TheUK,FranceandGermanyremainthetopventurefundedcountriesinEurope. TheNetherlandshasgrownfastestin2024,drivenbylargeroundsforPicnic,Mews,MooveandDatasnipper. 60%ofEuropeanventurecapitalwasraisedbythetopfourcountriesinQ12024. Page/9 CountryVCinvestmentQ12024changevs.2023 Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023. EuropeanVCisconcentratedintheNortherncitieswithLondonleadingthewayand3GermanhubsmakingtheTop10. Page/10 HubVCinvestmentQ12024changevs.2023 Source:Dealroom.co.Changevs.averagequarterlyinvestmentfrom2023. TheUK,GermanyandFranceraisedthemostVCinvestmentinEuropeinQ12024. Page/11 Source:Dealroom.co Formore,visitdealroom.co/guides GlobalGuide EuropeGuide EMEAGuide Page/12 Createafreeaccountondealroom.coformoreintelligenceonstartupsandecosystems.