In Q3 2024, European tech companies raised €11 billion over 891 deals. Compared to the same period the year before, this number decreased for almost 60 per cent (€28 billion raised in Q3 2023), and around 50 per cent compared to Q3 2022 (€21.1 billion).
This came as no surprise as investors in general are likely influenced by the current global macroeconomic climate, leading to more cautious investment strategies.
The best performing month in Q3 was July, with €5 billion raised in total, over the 340 funding deals.
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