European Tech Funding Stabilizes with $45 Billion in 2024

Despite a third year of decline, signs of growth and potential IPOs emerge in the European tech sector.

European tech startups are projected to raise $45 billion in 2024, slightly less than the $47 billion in 2023.
The tech ecosystem in Europe has expanded significantly over the last decade, with 35,000 early-stage tech companies now in the region.
Despite a drop in funding, average round sizes for Series A to C have increased, indicating a shift in investment focus.
Debt financing has risen sharply, making up 14% of all VC investments in 2024, compared to 5.5% in 2023.
A potential increase in IPO activity is anticipated, with over 100 European companies identified as candidates for public listings.