Every month, the Tech.eu research team brings you a fresh overview of the European tech ecosystem. So with July temperatures setting records across the globe, did the European tech scene fair the same? Let's dive in.
According to our database, €9.5 billion in total was raised in July, indicating a slight decline compared to the total amount raised in June (€10.6 billion). We kept tabs on 403 funding deals and found:
- 23 companies raising more than €100 million
- 66 companies raising less than € 1 million
- 44 undisclosed deals.
Coming to industries, the fintech sector still led the charts. Yet, with a total amount of €2.4 billion being raised, the number was lower than what we witnessed last month in June (€ 3.2 billion).
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