Blog Posts

European VC Landscape – August 2023

With the largest round amounting to $1.9bn, August shows a decrease in the number of founding rounds compared to July. Learn more in our assessment of this month's trends to uncover all the details.


Following a decline in July, VC investments have once again decreased in August

Number and amounts of announced funding rounds over the past 6 months*

* All data from crunchbase, as of September 4, 2023

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

  • During the month of August, 262 financing rounds were announced.
  • The total amount invested in the announced financing rounds was $1.9bn.
  • Similar to June and July, most investments this month were made in Software companies, amounting to 65 investments, followed by Information Technology (38). Investments in Artificial Intelligence companies make up the third place (31).

Top 10 industries of financed startups according to the number of conducted investments

image_aug (6)

High-tech grunderfonds is the most active investor of August

Investors with the highest number of investments in August

Number and total volume of financing rounds per stage

Largest round of August was a Venture Round of $200mn

In August, most investment rounds were Seed Rounds (~39%), while 50 investments were in the Pre Seed Rounds (19%). A volume of $918mn was invested in 66 venture rounds that are not further classified.

London is the european venture capital industry hotspot, while Berlin takes the second spot

  • Not only were the most investments conducted in the UK (#71), but the highest volume was also invested there during August ($596.7mn).
  • When ranking by investment volume instead of the number of conducted investments, Dublin takes first place. Germany ranks second by volume ($339.2mn), and also has the second most investments (#48).

In the spotlight: TechMet raised $200mn in august in a venture funding round




Founded in

2017, Dublin


As a private industrial company, TechMet is building projects to secure the supply of key metals, that are essential for advanced technologies, such as EVs, renewable energy systems, and energy storage devices.

Financing round

Money raised


Type of financing round



On August 15, TechMet announced its closing of a $200mn equity raise to further develop critical minerals. This successful funding puts the company on track to exceed a billion-dollar valuation in the next few months.


Falls Sie mehr über Risikokapitalfinanzierung erfahren möchten, sollten Sie unseren umfassenden Ratgeber zu diesem Thema lesen: Risikokapitalfinanzierung: Ein Leitfaden für Anfänger

Trustventure berät junge Unternehmen zu Herausforderung im Finanzbereich und bietet CFO-As-A-Service-Leistungen an. Die Expertise in Fragen zur Unternehmensfinanzierung, Planung und zum Controlling schafft Transparenz und Sicherheit für Sie und Ihre Investoren. Melden Sie sich gerne über unser Kontaktformular oder schreiben Sie uns direkt an

Other articles

VC Landscape European VC Landscape – October 2023 Following the surge in September, October recorded a notable decrease of 28% in VC investments. Explore our analysis to access all the key insights of October's investment landscape. November 21, 2023
Wingu Network aquisition M&A Trustventure advised in the acquisition of Wingu Networks by World Host Group World Host Group, a global leader in web hosting and cloud services, just announced the acquisition of Wingu Networks. Trustventure advised Wingu’s Management Team with Financial Due Dilligence. November 6, 2023
Valuation 2022 IPEV Guidelines Update: Impacts on PE and VC Valuations Unraveling the 2022 IPEV Guidelines Update: from governance enhancements to ESG integration, explore the critical shifts shaping Private Equity and Venture Capital investments. Read our analysis on the key changes and implications for fund managers, ensuring transparency in this dynamic financial landscape. October 16, 2023
VC Landscape European VC Landscape – September 2023 After experiencing two months of decline, September saw a substantial surge in VC investments when compared to the previous month. To gain a comprehensive understanding of the current month's scenario, we encourage you to read our in-depth analysis, where you can uncover all the details. October 6, 2023
M&A Trustventure advised in the acquisition of aifora by CentricSoftware Centric Software®, the foremost leader in Product Lifecycle Management (PLM), just announced the acquisition of aifora™. Trustventure advised aifora's Management Team on the preparation and execution of the Exit process with active support in Due Diligence, Q&A and SPA-Negotiation within the transaction. September 19, 2023
VC Landscape European VC Landscape – July 2023 With the largest round amounting to $1.8bn, July still shows a decrease in the number of founding rounds compared to June. Explore our comprehensive assessment of this month's trends to uncover the nuances. July 2, 2023
VC Landscape European VC Landscape – June 2023 June persists in following the downward trend in the number of financial rounds since its peak in March. Notably, Artificial Intelligence and healthcare now jointly occupy the third position as the most invested industries. You can explore these and other insights in this month's evaluation. June 2, 2023
VC Landscape European VC Landscape – May 2023 With a Series D round of $250mn, May brought some significant investments and influential figures. Read everything about this month's VC Landscape in our examination. May 2, 2023
VC Landscape European VC Landscape – April 2023 In contrast to March's upward trajectory, April witnessed a notable decrease in VC investment rounds, with a difference of over $1bn in the total amount invested compared to the previous month. Gain a comprehensive grasp of this month's dynamics through our in-depth analysis. April 2, 2023
All articles