European startup funding Dec 2024
Monthly report · 2024-12-01 – 2024-12-31 · vs Nov 2024
Monthly
Summary
auto-generatedIn Dec 2024, 241 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.1B, down 16.3% versus Nov 2024. Debt rounds added a further €145M.
Deal count moved -28.9% versus Nov 2024, with 583 named investors participating.
Netherlands led by equity raised with €863M (21.1% of equity).
Healthtech was the most-funded sector at €916M in equity (22.4%).
The ten largest rounds accounted for 53.8% of disclosed capital, led by Nebius's €666M.
43 exits were recorded this month worth a combined €4.6B.
Equity funding
€4.1B
▼ -16.3%excl. debt & grants · +€145M debt
Funding rounds
241
▼ -28.9%Companies funded
240
▼ -29.0%Named investors
583
▼ -28.2%Exits
43
▼ -23.2%Leading country
€863M
21.1% of equity
Leading sector
€916M
22.4% of equity
Provenance: 89% of 241 rounds disclosed an amount · 94% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.11%
Methodology →Investments
Funding within Dec 2024
by dayFunding within Dec 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €742M | 10 |
| 03 | €160M | 18 |
| 04 | €188M | 14 |
| 05 | €119M | 16 |
| 06 | €156M | 9 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €247M | 14 |
| 10 | €233M | 18 |
| 11 | €106M | 20 |
| 12 | €612M | 17 |
| 13 | €79M | 12 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €225M | 18 |
| 17 | €105M | 12 |
| 18 | €545M | 20 |
| 19 | €125M | 10 |
| 20 | €525M | 14 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €38M | 8 |
| 24 | €722k | 3 |
| 25 | €192k | 1 |
| 26 | €20M | 1 |
| 27 | €6.0M | 4 |
| 28 | €0 | 0 |
| 29 | €0 | 0 |
| 30 | €2.0M | 2 |
| 31 | €0 | 0 |
Biggest deals
top 10 by amount- 1NebiusOther · Netherlands · Dec 2024€666M
- 2HostawayGrowth/Late · Finland · Dec 2024€348M
- 3Cimeio TherapeuticsOther · Switzerland · Dec 2024€282M
- 4ŌURASeries D+ · Finland · Dec 2024€192M
- 5AonicOther · Sweden · Dec 2024€152M
- 61Komma5°Other · Germany · Dec 2024€150M
- 7NscaleSeries A · UK · Dec 2024€147M
- 8GreenvoltOther · Portugal · Dec 2024€125M
- 9OmioDebt · Germany · Dec 2024€114M
- 10UpvestSeries C · Germany · Dec 2024€100M
Concentration
top 10 deals53.8%
of disclosed capital came from the ten largest rounds.
Top 10 total
€2.3B
Period total
€4.2B
Countries
Top countries
equity raisedDec 2024 — top countries — interactive chart.
Data table
| Dec 2024 — top countries | |
|---|---|
| Netherlands | €863M |
| Finland | €638M |
| UK | €547M |
| Germany | €539M |
| Switzerland | €471M |
| Sweden | €215M |
| Portugal | €147M |
| France | €146M |
| Spain | €111M |
| Belgium | €83M |
Capital by country
share of equityDec 2024 — capital by country — interactive chart.
Data table
| Dec 2024 — capital by country | |
|---|---|
| Netherlands | €863M |
| Finland | €638M |
| UK | €547M |
| Germany | €539M |
| Switzerland | €471M |
| Sweden | €215M |
| Portugal | €147M |
| France | €146M |
| Spain | €111M |
| Belgium | €83M |
| Other | €326M |
Geographic distribution
European countries shown · click a countryDec 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedDec 2024 — top sectors — interactive chart.
Data table
| Dec 2024 — top sectors | |
|---|---|
| Healthtech | €916M |
| Cloud | €820M |
| Fintech | €407M |
| Travel | €402M |
| Energy | €305M |
| Transportation | €175M |
| Gaming | €172M |
| Software | €124M |
| Cleantech | €113M |
| Space | €107M |
Capital by sector
share of equityDec 2024 — capital by sector — interactive chart.
Data table
| Dec 2024 — capital by sector | |
|---|---|
| Healthtech | €916M |
| Cloud | €820M |
| Fintech | €407M |
| Travel | €402M |
| Energy | €305M |
| Transportation | €175M |
| Gaming | €172M |
| Software | €124M |
| Other | €788M |
Stages
Funding by stage
total euro raised by round typeDec 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €23M |
| Seed | €126M |
| Series A | €479M |
| Series B | €401M |
| Series C | €170M |
| Series D+ | €222M |
| Growth/Late | €393M |
| Debt | €145M |
| Grant | €1.7M |
| Crowdfunding | €0 |
| Other | €2.3B |
Exits
Exit activity
43
exits recorded
€4.6B
combined disclosed value
Exits breakdown
by typeDec 2024 — exits by type — interactive chart.
Data table
| Dec 2024 — exits by type | |
|---|---|
| Acquisition | 42 |
| Merger | 1 |