October 2023 report: The worst month of 2023 in terms of total investment volume in Europe

October's numbers are in, and as Runa Capital General Partner Konstantin Vinogradov notes, "Frankly, October was the worst month of 2023 in terms of total investment volume in Europe."
October 2023 report: The worst month of 2023 in terms of total investment volume in Europe

According to the Tech.eu database, European tech companies raised €3.1 billion over the course of October 2023 in some 367 deals. 

This shows a decrease of more than 80 percent compared to the previous month (€16.5 billion raised in September 2023) and also a significant decrease of almost 50 percent year-over-year (€5.6 billion raised in September 2022).

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