The Tech.eu database reveals that more than €60 billion was raised by European tech companies across 2,608 deals in the first half of 2022, with 140 companies raising more than €100 million each.
It’s been a bumpy year looking at month-on-month totals, with investments taking a wild dip in March and again in May, then buoying in June as markets reacted to global events, from war to supply shortages, and tech companies started laying off swathes of staff. Still, in terms of overall investment, 2022’s first half far outstripped the same period in pandemic years 2020 and 2021.
A total of 28 new unicorns were minted in the first half – and Turkey’s Getir became a decacorn. After Getir, the biggest winners in terms of valuations were CheckOut.com, DAZN valued at €3.7 billion, Delivery Hero which rustled up €1.4 billion in debt financing, and Ocado, which was valued at €673 million in its June raise.
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