According to the Tech.eu database, European tech companies raised €4.2 billion over the course of September 2024. Although this amount is almost two times higher than the amount a month ago, compared to the same month a year ago, the number decreased around 70 per cent (in September 2023 European tech companies collected €16.5 billion).
Despite that, the startup sector demonstrates resilience as new ventures secure funding to develop innovative solutions and establish a solid foundation. More established startups are adapting to market changes by streamlining operations, refining business models, and optimizing product strategies. The sector’s resilience and adaptability are crucial factors to monitor as the market evolves.
Nenad Marovac, founder of DN Capital, commented the September numbers within the European tech investment landscape in our September Tech.eu Pulse, a compact version of the monthly report:
It’s striking that September’s 10 biggest deals weren’t primarily AI-driven, but more focused on core fintech, consumer and B2B SaaS – sectors in which we see strong upside potential.
The data from September offers an encouraging glimpse of what’s to come, with momentum building toward a busy Q4.
Investors are poised to capitalise on opportunities, setting the stage for a strong finish to 2024 in European tech.
For his more detailed review as well as more in-depth analyses of the European tech ecosystem, including industry and country performance, exit activities and more, check out our September report.
And here is the list of 10 biggest European tech deals in September which collected together around 33 per cent of the total amount collected this month.
© Reuters. FILE PHOTO: Traders look at computer screens at Madrid's bourse, Spain, June 29, 2015. European
Commission candidate Henna Virkkunen wants Europe to build on strengths in AI, quantum and space Henna Virkkunen, the nominee to become the European Commission
Sympower, an energy flexibility service, has raised €21.3M from existing and new investors. The Series B1 funding was led by A&
Are you a budding tech startup looking to make your mark in the industry? We have an incredible opportunity for you! The Tech.eu Summit