Milan Dalal’s Post

European tech funding to halve to US$45bn but AI and ClimateTech pull ahead According to data from venture capital firm Atomico, total capital invested into European tech start-ups is projected to fall to US$45bn this year as investors continued to reel from the effects of high interest rates. That is down from US$82bn in 2022, which is itself down from US$100bn in 2021. However, Atomico said whereas the US has declined by -8% and China slipped by -9% for overall venture funding since 2020, Europe has seen investment levels grow by +19% in the same time period, in a sign of resilience for the region. AI was the biggest pull for fundraising rounds, with eleven AI companies securing ‘megarounds’ of US$100m or more. ClimateTech was another standout sector, according to Atomico. Funding into companies in the carbon and energy space accounted for 27% of all capital invested in European tech in 2023 - three times more than in 2021. Contact [email protected] to discuss your firm’s #businessintelligence requirements (company profiles, sector research, bespoke assignments). Visit our website to access free reports on the following sectors: UK Warehouses, UK Built-to-Rent, Hydrogen, Sustainable Finance, and EV infrastructure. https://lnkd.in/eKBHbFAa

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