Dealroom – Europe Tech Update, Q3 2024

The report examines Q3 trends in European venture capital and startup funding, highlighting sector performance and investment patterns. European startups raised $11.3 billion in Q3 2024, marking the lowest quarterly total in four years, primarily due to summer seasonality and economic shifts. Key growth areas include healthtech and AI-powered sectors, with healthtech alone attracting $2 billion, largely driven by oncology-focused investments. Fintech saw a 45% rise in funding, showing resilience compared to other sectors. The UK led regional investments, followed by Germany and France, while the Netherlands, Italy, Belgium, and Ireland experienced notable growth. Dealroom notes a strong pipeline in early-stage companies and projects substantial "dry powder" reserves of $33 billion for 2025, suggesting continued ecosystem momentum.