According to the Tech.eu database, European tech companies raised €16.5 billion over the course of September 2023 in some 397 deals.
This shows an increase of around 130 percent when compared to the previous month (€6.8 billion raised in August 2023). Strikingly, this figure is matched by an increase of more than 130 percent year-over-year (€6.6 billion raised in August 2022).
Whether this trend continues for the rest of the year remains to be seen but will certainly noted in our anticipated Annual Report. For now, let's dig into September 2023's numbers.
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