European tech funding dropped 17% to €3.4 billion in Q3 2016; decreased activity in UK and Germany to blame

Tech investment activity notably declined in the UK and Germany during Q3 2016, leading overall investment volume to decrease by 17% to €3.4 billion YoY.
European tech funding dropped 17% to €3.4 billion in Q3 2016; decreased activity in UK and Germany to blame

Tech investment activity notably declined in the UK and Germany during Q3 2016, leading overall investment volume to decrease by 17 percent to €3.4 billion across the region of Europe, Turkey and Israel compared to the same period last year.

Meanwhile, France had a standout quarter, with tech sector investments increasing 30% to €756 million, and Israel brought in €649 million, more than double what was raised in a slow Q3 2015.  These quarterly findings are from data collected by tech.eu and analyzed in collaboration with Dealroom.co.

After reaching a peak at the beginning of this year, investment activity has declined across much of Europe over the past two quarters. The declines in Q3 were most visible in the UK, which continues feel reaction to June’s Brexit vote, as well as in Germany, which has seen reduced activity from what was its most active investor, Rocket Internet.

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