Q4 2024

Quarterly report · 2024-10-01 – 2025-01-01 · vs Q3 2024

Quarterly

Summary

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In Q4 2024, disclosed funding reached €14B across 897 rounds, up +25.9% versus Q3 2024.

Deal count moved +0.4% versus Q3 2024, with 1,954 named investors participating.

UK led by capital with €3.1B (22.3% of disclosed total).

Software was the most-funded sector at €2.1B (15.5%).

The ten largest rounds accounted for 29.1% of disclosed capital, led by Nebius's €667M.

146 exits were recorded this quarter worth a combined €7.7B.

Disclosed funding

€14B

▲ +25.9%

€13,868,932,611

Funding rounds

897

▲ +0.4%

Companies funded

887

▲ +0.0%

Named investors

1,954

▼ -3.4%

Exits

146

▼ -3.9%

Leading country

€3.1B

22.3% of total

Leading sector

Software

€2.1B

15.5% of total

Provenance: 88% of 897 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 month

Biggest deals

top 10 by amount

Concentration

top 10 deals

29.1%

of disclosed capital came from the ten largest rounds.

Top 10 total

€4.0B

Period total

€14B

Countries

Top countries

total euro raised

Capital by country

share of disclosed total

Geographic distribution

European countries shown · click a country

Industries

Top sectors

total euro raised

Capital by sector

share of disclosed total

Stages

Funding by stage

total euro raised by round type

Exits

Exit activity

146

exits recorded

€7.7B

combined disclosed value

Exits breakdown

by type

Investors

Most active investors

named, by deal count in period

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