European startup funding Q4 2024
Quarterly report · 2024-10-01 – 2024-12-31 · vs Q3 2024
Quarterly
Summary
auto-generatedIn Q4 2024, 899 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €13B, up 38.6% versus Q3 2024. Debt rounds added a further €900M.
Deal count moved +0.6% versus Q3 2024, with 1,956 named investors participating.
UK led by equity raised with €2.8B (21.7% of equity).
Software was the most-funded sector at €2.0B in equity (15.8%).
The ten largest rounds accounted for 29.2% of disclosed capital, led by Nebius's €666M.
146 exits were recorded this quarter worth a combined €7.7B.
Equity funding
€13B
▲ +38.6%excl. debt & grants · +€900M debt
Funding rounds
899
▲ +0.6%Companies funded
889
▲ +0.2%Named investors
1,956
▼ -3.3%Exits
146
▼ -3.9%Provenance: 88% of 899 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.25%
Methodology →Investments
Funding within Q4 2024
by monthFunding within Q4 2024 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Oct | €4.5B | 319 |
| Nov | €5.2B | 339 |
| Dec | €4.2B | 241 |
Biggest deals
top 10 by amount- 1NebiusOther · Netherlands · Dec 2024€666M
- 2odooOther · Belgium · Nov 2024€500M
- 3InsiderSeries D+ · Türkiye · Nov 2024€459M
- 4PoolsideOther · France · Oct 2024€452M
- 5SequraOther · Spain · Nov 2024€410M
- 6LighthouseSeries C · UK · Nov 2024€352M
- 7HostawayGrowth/Late · Finland · Dec 2024€348M
- 8VintedGrowth/Late · Lithuania · Oct 2024€340M
- 9Cimeio TherapeuticsOther · Switzerland · Dec 2024€282M
- 10JobandtalentDebt · Spain · Oct 2024€250M
Concentration
top 10 deals29.2%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.1B
Period total
€14B
Countries
Top countries
equity raisedQ4 2024 — top countries — interactive chart.
Data table
| Q4 2024 — top countries | |
|---|---|
| UK | €2.8B |
| France | €1.4B |
| Germany | €1.4B |
| Netherlands | €1.2B |
| Spain | €924M |
| Finland | €788M |
| Switzerland | €780M |
| Belgium | €750M |
| Sweden | €723M |
| Türkiye | €514M |
Capital by country
share of equityQ4 2024 — capital by country — interactive chart.
Data table
| Q4 2024 — capital by country | |
|---|---|
| UK | €2.8B |
| France | €1.4B |
| Germany | €1.4B |
| Netherlands | €1.2B |
| Spain | €924M |
| Finland | €788M |
| Switzerland | €780M |
| Belgium | €750M |
| Sweden | €723M |
| Türkiye | €514M |
| Other | €1.7B |
Geographic distribution
European countries shown · click a countryQ4 2024 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ4 2024 — top sectors — interactive chart.
Data table
| Q4 2024 — top sectors | |
|---|---|
| Software | €2.0B |
| Healthtech | €1.7B |
| Fintech | €1.6B |
| Energy | €1.0B |
| Cloud | €896M |
| Transportation | €653M |
| Cleantech | €567M |
| AI | €564M |
| Marketing | €515M |
| Travel | €496M |
Capital by sector
share of equityQ4 2024 — capital by sector — interactive chart.
Data table
| Q4 2024 — capital by sector | |
|---|---|
| Software | €2.0B |
| Healthtech | €1.7B |
| Fintech | €1.6B |
| Energy | €1.0B |
| Cloud | €896M |
| Transportation | €653M |
| Cleantech | €567M |
| AI | €564M |
| Other | €4.0B |
Stages
Funding by stage
total euro raised by round typeQ4 2024 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €122M |
| Seed | €528M |
| Series A | €1.4B |
| Series B | €1.3B |
| Series C | €734M |
| Series D+ | €1.0B |
| Early VC | €0 |
| Growth/Late | €745M |
| Debt | €900M |
| Grant | €31M |
| Crowdfunding | €847k |
| Other | €7.2B |
Exits
Exit activity
146
exits recorded
€7.7B
combined disclosed value
Exits breakdown
by typeQ4 2024 — exits by type — interactive chart.
Data table
| Q4 2024 — exits by type | |
|---|---|
| Acquisition | 137 |
| Merger | 9 |