According to the Tech.eu database, European tech companies €10.6 billion Approximately 311 during the Max 2024 period transaction.
This figure is almost 3 times This was an increase compared to the previous month (European tech companies raised €3.7 billion in April 2024). The two largest deals (signed by Imec and SumUp) exceeded €1 billion each, collectively securing more funding than all companies in the previous month.
In terms of deal volume, May was roughly at the same level as the previous month. Compared to April, fewer than 10 deals were completed in May.
Enterprise
Of the 311 transactions in May (down about 15% from a year ago), 2 The funds raised by the company 1 billion euros (Each), 15 The funds raised by the company 100 million euros The values of (respectively) are 34 It remains private.
industry
By funding amount
In May 2024 Fintech It once again took the top spot for investment into European tech startups, taking in 31% of the monthly total.
By transaction flow
Regarding transactions, Fintech received the highest support 51 transaction. software Sector Saw 37 Trade, followed by Health Tech and 36 transaction, energy There are 26 transactions.
Country
The UK is in the lead this month, with around €5.4 billion Lifted across 84 transactionsIn 2023, UK companies €24.7 billion Throughout the year.
Rounding out the podium was Belgium, €2.5 billion Raised 9 TransactionsGermany follows suit €829.5 million Raised 38 Transactions.
Besides the traditionally well-funded countries, Greece, Croatia, Lithuania and Hungary also appeared in May 2024.
Exit
During April, 49 Exits were recorded, of which 46 were undisclosed as expected, and three were valued at €305 million.
The largest exit was UK-based Glassbox, which was acquired by UK-based Alicorn Venture Partners for $150 million.
For more information, including a special foreword by Lightyear CEO and co-founder Martin Sokk, get a PDF version of this report.
