European startup funding Oct 2024
Monthly report · 2024-10-01 – 2024-10-31 · vs Sep 2024
Monthly
Summary
auto-generatedIn Oct 2024, 319 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.0B, up 12.3% versus Sep 2024. Debt rounds added a further €463M.
Deal count moved -8.3% versus Sep 2024, with 826 named investors participating.
UK led by equity raised with €1.0B (25.8% of equity).
AI was the most-funded sector at €503M in equity (12.6%).
The ten largest rounds accounted for 40.5% of disclosed capital, led by Poolside's €452M.
47 exits were recorded this month worth a combined €1.0B.
Equity funding
€4.0B
▲ +12.3%excl. debt & grants · +€463M debt
Funding rounds
319
▼ -8.3%Companies funded
319
▼ -8.3%Named investors
826
▼ -9.6%Exits
47
▼ -11.3%Provenance: 87% of 319 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +1.11%
Methodology →Investments
Funding within Oct 2024
by dayFunding within Oct 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €65M | 13 |
| 02 | €593M | 16 |
| 03 | €221M | 12 |
| 04 | €220M | 10 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €394M | 14 |
| 08 | €122M | 29 |
| 09 | €253M | 15 |
| 10 | €75M | 8 |
| 11 | €113M | 6 |
| 12 | €0 | 0 |
| 13 | €41M | 1 |
| 14 | €58M | 18 |
| 15 | €160M | 23 |
| 16 | €130M | 14 |
| 17 | €229M | 18 |
| 18 | €198M | 16 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €54M | 7 |
| 22 | €56M | 8 |
| 23 | €102M | 17 |
| 24 | €676M | 11 |
| 25 | €143M | 6 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €140M | 20 |
| 29 | €281M | 18 |
| 30 | €94M | 10 |
| 31 | €65M | 9 |
Biggest deals
top 10 by amount- 1PoolsideOther · France · Oct 2024€452M
- 2VintedGrowth/Late · Lithuania · Oct 2024€340M
- 3JobandtalentDebt · Spain · Oct 2024€250M
- 4ZepzOther · UK · Oct 2024€243M
- 5GropyusOther · Austria · Oct 2024€100M
- 6NellyDebt · Germany · Oct 2024€100M
- 7Green GeniusOther · Lithuania · Oct 2024€100M
- 8Agomab TherapeuticsSeries D+ · Belgium · Oct 2024€83M
- 9TerralayrOther · Switzerland · Oct 2024€77M
- 10DexorySeries B · UK · Oct 2024€72M
Concentration
top 10 deals40.5%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.8B
Period total
€4.5B
Countries
Top countries
equity raisedOct 2024 — top countries — interactive chart.
Data table
| Oct 2024 — top countries | |
|---|---|
| UK | €1.0B |
| France | €819M |
| Lithuania | €447M |
| Germany | €304M |
| Sweden | €300M |
| Spain | €234M |
| Switzerland | €215M |
| Belgium | €149M |
| Austria | €115M |
| Italy | €82M |
Capital by country
share of equityOct 2024 — capital by country — interactive chart.
Data table
| Oct 2024 — capital by country | |
|---|---|
| UK | €1.0B |
| France | €819M |
| Lithuania | €447M |
| Germany | €304M |
| Sweden | €300M |
| Spain | €234M |
| Switzerland | €215M |
| Belgium | €149M |
| Austria | €115M |
| Italy | €82M |
| Other | €297M |
Geographic distribution
European countries shown · click a countryOct 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedOct 2024 — top sectors — interactive chart.
Data table
| Oct 2024 — top sectors | |
|---|---|
| AI | €503M |
| Energy | €472M |
| Software | €470M |
| Healthtech | €411M |
| Fintech | €384M |
| Transportation | €379M |
| Fashion | €342M |
| Cleantech | €137M |
| Agritech | €133M |
| Cybersecurity | €110M |
Capital by sector
share of equityOct 2024 — capital by sector — interactive chart.
Data table
| Oct 2024 — capital by sector | |
|---|---|
| AI | €503M |
| Energy | €472M |
| Software | €470M |
| Healthtech | €411M |
| Fintech | €384M |
| Transportation | €379M |
| Fashion | €342M |
| Cleantech | €137M |
| Other | €921M |
Stages
Funding by stage
total euro raised by round typeOct 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €38M |
| Seed | €162M |
| Series A | €484M |
| Series B | €443M |
| Series C | €119M |
| Series D+ | €128M |
| Growth/Late | €349M |
| Debt | €463M |
| Grant | €28M |
| Other | €2.3B |
Exits
Exit activity
47
exits recorded
€1.0B
combined disclosed value
Exits breakdown
by typeOct 2024 — exits by type — interactive chart.
Data table
| Oct 2024 — exits by type | |
|---|---|
| Acquisition | 45 |
| Merger | 2 |