European VC Landscape – July 2023

IT startups take the second place for the most popular investment industry

• During the month of July, 362 financing rounds were announced.
• The total amount invested in the announced financing rounds was $4.8bn.
• Once again, most investments were made in Software companies, amounting to 99 investments, followed by Information Technology (53). Similar to last month, investments in Artificial Intelligence companies make up the third place (33).

Largest round of July was a Venture Round of $1.8bn

In July, most investment rounds were Seed Rounds (~38%). Despite that, a volume of over $3.3 billion was invested in 106 Venture Rounds.

London is the Europeans Venture Capital industry hotspot, with more than 2x investments than Paris

• Not only were the most investments conducted in the UK (#94), but the highest volume was also invested there during July ($2.9bn).
• When ranking by investment volume instead of the number of conducted investments, Amsterdam takes second place. The Netherlands ranks second by volume ($360.9mn)
  while Germany has the second most investments (#47).