Blog Posts

European Venture Capital Landscape – June 2024

June shows a 5% decrease in invested VC volume and a Cyber Security Startup raised more than $500 million. Learn all about it in our in-depth analysis.

31.10.2024

Overview of the June 2024 European VC Landscape

In June, the volume of invested venture capital in Europe saw a 5% decrease compared to May, according to Crunchbase data. The total of invested volume reached $5.2 billion, spread across 409 funding rounds.

Number and volume of announced funding rounds over the past 12 months*

  • Number of funding rounds
  • Invested volume in $bn
Leader Industries and Investors

According to the number of conducted investments, the software startups lead the market with a total of 86 investments. The AI trend persists, with 50 investments being made in AI startups this month, thus capturing the spot of second most invested industry, followed by IT startups on the third spot.

Now, regarding the companies behind the investments, Seraphim Space emerged this month as the most active venture capital investor, completing a total of 6 deals. Seraphim Space is a global investor specialising in SpaceTech with a growth fund, a venture fund and an early-stage space focused accelerator.

The second place is shared by Business Growth Fund and GEM Capital, with 3 closed deals each.

Top 10 Industries of Financed Startups

  • Software
  • AI
  • IT
  • SaaS
  • Manufacturing
  • FinTech
  • Financial Services
  • Health Care
  • BioTech
  •  Medical

Top 5 Investors with the highest number of deals

  • Seraphim Space
  • Business Growth Fund
  • GEM Capital
  • Zouk Capital
  • SRP
Notable funding rounds across Europe

In June, the largest funding round was a $537 million Venture Round secured by I-TRACING, a leading independent provider of cyber security services in France. The company was founded in 2005 in Paris.

While Seed Rounds accounted for the majority of investment rounds, making up approximately 41% of the total, the highest investment volume was seen in Venture Rounds, which accounted for $1.8 billion across 91 deals.

The largest Seed Round was secured by Adcytherix, which raised $32.2 million. Founded in Marseille in 2023, Adcytherix is a biopharmaceutical firm that specializes in the development of new antibody drug conjugates (ADC). The round was led by Pontifax, a healthcare-dedicated VC firm in Israel.

Number and total volume of financing rounds per stage

  • Number of funding rounds per stage
  • Volume of financing rounds per stage in $mn

Detailed overview by stage

Venture Capital Landscape

European VC Industry Hotspots

In June, London remains the hotspot of the European VC industry, with Paris securing the second spot.

As in the previous months, the UK led the way with the most investment rounds at 105, followed by France with 73, and Germany with 55.

When ranked by investment volume rather than the number of investments, Prague ($170.9mn) kicks Amsterdam out of the Top 5.

Venture Capital Landscape

PE Acquisitions Overview

Private Equity (PE) acquisitions increased in June by 37% to 41, this marks the second highest number of acquisitions of the last twelve months. Of those 41 acquisitions, 17 included companies based in the UK, followed by Germany with 7.

With the increase in PE acquisitions, their share as part of the total 450 investment rounds in June (VC + PE) increases to 9%.

This month’s highlight is BlackRock’s acquisition of Preqin, a provider of private markets database platforms for private capital and hedge fund datasets, for $3.3 billion at the end June.

  • % of all investment rounds
  • Number of PE acquisitions

*All data from CrunchBase, as of July 3, 2024.

Partner with us

Unlock the full potential of your financial strategy with Trustventure’s expert guidance. Whether you’re navigating challenges in the financial sector, seeking advice on corporate financing, or enhancing your planning and controlling processes, we’re here to empower your journey and help you create transparency and confidence for you and your investors.

Ready to elevate your financial game? Reach out to us today using our contact form or drop us a direct message at office@trustventure.de. Work with us to achieve your financial success! 🚀

Other articles

M&A European Roll-Up Market Report – May 2025 May 2025 presented a 66% year-over-year decrease in the number of PE-backed acquisitions. In addition to financial, HR, insurance and other services, PEs are also investing in the marketing and e-commerce service industries. Learn all about it in our report and case study. June 11, 2025
VC Landscape European Venture Capital Landscape – May 2025 May 2025 presented the lowest number of VC investments in the last 12 months and Quantum Systems secured a €160 million Series C Round. Learn all about it in our in-depth analysis. June 5, 2025
M&A European Roll-Up Market Report – April 2025 April 2025 presented an 8% year-over-year decline in the number of PE-backed acquisitions. PEs are rolling-up the infrastructure utilities and services industry, given its attractiveness for investment firms. Learn all about it in our report and case study. May 26, 2025
M&A Trustventure advised ladelplan on its exit to RetailSonar RetailSonar announced its acquisition of ladeplan. Trustventure advised ladeplan throughout its sale process. May 22, 2025
VC Landscape European Venture Capital Landscape – April 2025 April 2025 marked the second lowest number of VC investments and invested capital in the last 12 months and CMR Surgical secured $200 million in funding. Learn all about it in our in-depth analysis. May 19, 2025
M&A Trustventure advised World Host Group in the acquisition of Nimbus Hosting World Host Group, a global leader in web hosting and cloud services, announced the acquisition of Nimbus Hosting. Trustventure advised World Host Group throughout its entire add-on acquisition process. May 13, 2025
M&A Trustventure advised World Host Group in the acquisition of Colombia Hosting World Host Group, a global leader in web hosting and cloud services, announced the acquisition of Colombia Hosting. Trustventure advised World Host Group throughout its entire add-on acquisition process. May 13, 2025
M&A Trustventure advised on the sale of WHD Event GmbH by Equivia Partners to Opus Origin WHD Event GmbH, a leading event organizer, was sold by Equivia Partners to Opus Origin. Trustventure advised WHD Event GmbH during the transaction. May 13, 2025
M&A Trustventure advised World Host Group in the acquisition of A2 Hosting (hosting.com) World Host Group, a global leader in web hosting and cloud services, announced the acquisition of A2 Hosting (hosting.com). Trustventure advised World Host Group throughout its entire add-on acquisition process. May 13, 2025
M&A European Roll-Up Market Report – March 2025 March 2025 presented a 18% year-over-year decline in the number of PE-backed acquisitions. PEs like KKR and Atwater are consolidating the European Media & Entertainment industry, as exemplified by this month's case study of Mediawan. Learn all about it in our report and case study. April 22, 2025
All articles