Dealroom – Europe Tech Update, 1Q 2024

The European venture capital investment is on the rise again, with startups raising $13.7 billion in Q1 2024, marking a 5% increase from the previous year. This growth is following a similar trend to 2023, surpassing the levels of 2019 and 2020, but still behind the exceptional years of 2021 and 2022. In Q1 2024, over 500 rounds of $2 million or more were raised by European startups, indicating a thriving venture industry that is more active than ever before 2021. Early-stage VC in Europe has remained stable in recent years, while late-stage investment saw a significant increase of 2.1 times year on year. Breakout-stage VC has also reached levels above those seen before 2021. This data suggests a robust and growing venture capital ecosystem in Europe, with optimistic prospects for the future.