European startup funding Jun 2024
Monthly report · 2024-06-01 – 2024-06-30 · vs May 2024
Monthly
Summary
auto-generatedIn Jun 2024, 331 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €3.9B, down 45.6% versus May 2024. Debt rounds added a further €1.7B.
Deal count moved +4.7% versus May 2024, with 937 named investors participating.
UK led by equity raised with €1.2B (31.4% of equity).
Software was the most-funded sector at €612M in equity (15.7%).
The ten largest rounds accounted for 43.5% of disclosed capital, led by Mistral AI's €600M.
56 exits were recorded this month worth a combined €7.0B.
Equity funding
€3.9B
▼ -45.6%excl. debt & grants · +€1.7B debt
Funding rounds
331
▲ +4.7%Companies funded
329
▲ +4.1%Named investors
937
▲ +13.6%Exits
56
▲ +16.7%Provenance: 86% of 331 rounds disclosed an amount · 97% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.01%
Methodology →Investments
Funding within Jun 2024
by dayFunding within Jun 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €1.8M | 1 |
| 02 | €0 | 0 |
| 03 | €189M | 14 |
| 04 | €220M | 23 |
| 05 | €142M | 17 |
| 06 | €48M | 16 |
| 07 | €49M | 14 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €233M | 11 |
| 11 | €815M | 19 |
| 12 | €349M | 18 |
| 13 | €129M | 10 |
| 14 | €697M | 10 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €58M | 11 |
| 18 | €330M | 23 |
| 19 | €160M | 14 |
| 20 | €207M | 19 |
| 21 | €188M | 14 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €480M | 14 |
| 25 | €439M | 24 |
| 26 | €361M | 19 |
| 27 | €375M | 27 |
| 28 | €192M | 13 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
Biggest deals
top 10 by amount- 1Mistral AIDebt · France · Jun 2024€600M
- 2Highview PowerOther · UK · Jun 2024€356M
- 3HomeTreeDebt · UK · Jun 2024€297M
- 4Black SemiconductorOther · Germany · Jun 2024€254M
- 5GetirOther · Türkiye · Jun 2024€233M
- 6AiraDebt · Sweden · Jun 2024€200M
- 7RohlikGrowth/Late · Czech Republic · Jun 2024€159M
- 8Perk (formerly TravelPerk)Debt · Spain · Jun 2024€125M
- 9ZilchDebt · UK · Jun 2024€118M
- 10char.gyOther · UK · Jun 2024€118M
Concentration
top 10 deals43.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.5B
Period total
€5.7B
Countries
Top countries
equity raisedJun 2024 — top countries — interactive chart.
Data table
| Jun 2024 — top countries | |
|---|---|
| UK | €1.2B |
| Germany | €643M |
| Switzerland | €374M |
| France | €306M |
| Türkiye | €254M |
| Netherlands | €229M |
| Czech Republic | €160M |
| Spain | €155M |
| Austria | €149M |
| Belgium | €87M |
Capital by country
share of equityJun 2024 — capital by country — interactive chart.
Data table
| Jun 2024 — capital by country | |
|---|---|
| UK | €1.2B |
| Germany | €643M |
| Switzerland | €374M |
| France | €306M |
| Türkiye | €254M |
| Netherlands | €229M |
| Czech Republic | €160M |
| Spain | €155M |
| Austria | €149M |
| Belgium | €87M |
| Other | €319M |
Geographic distribution
European countries shown · click a countryJun 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJun 2024 — top sectors — interactive chart.
Data table
| Jun 2024 — top sectors | |
|---|---|
| Software | €612M |
| Transportation | €592M |
| Energy | €568M |
| E-commerce | €424M |
| Semiconductors | €394M |
| Fintech | €330M |
| Cleantech | €227M |
| AI | €194M |
| Healthtech | €193M |
| Cybersecurity | €183M |
Capital by sector
share of equityJun 2024 — capital by sector — interactive chart.
Data table
| Jun 2024 — capital by sector | |
|---|---|
| Software | €612M |
| Transportation | €592M |
| Energy | €568M |
| E-commerce | €424M |
| Semiconductors | €394M |
| Fintech | €330M |
| Cleantech | €227M |
| AI | €194M |
| Other | €936M |
Stages
Funding by stage
total euro raised by round typeJun 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €43M |
| Seed | €227M |
| Series A | €402M |
| Series B | €407M |
| Series C | €412M |
| Series D+ | €108M |
| Early VC | €1.8M |
| Growth/Late | €167M |
| Debt | €1.7B |
| Grant | €11M |
| Other | €2.1B |
Exits
Exit activity
56
exits recorded
€7.0B
combined disclosed value
Exits breakdown
by typeJun 2024 — exits by type — interactive chart.
Data table
| Jun 2024 — exits by type | |
|---|---|
| Acquisition | 51 |
| Merger | 5 |