In November, the volume of invested venture capital in Europe saw an 11% decrease compared to November 2023, according to Crunchbase data. The total of invested volume reached $4.2 billion, spread across 373 funding rounds. This represents an increase in volume compared to October 2024, while the funding rounds decreased.
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 continue to lead the market with a total of 90 investments in the broader industry. AI startups once again secured the second spot with 48 investments, closely followed by IT startups (43).
Regarding the investors behind those funding rounds, French Bpifrance emerged this month as the most active VC investor, completing 12 deals. With this, Bpifrance leads ahead of the German HTGF (7 deals), SFC Capital (6 deals), Business Growth Fund (5 deals), and Haatch (4 deals) among the top 5.
Top 10 Industries of Financed Startups
- Software
- AI
- IT
- SaaS
- FinTech
- Fin. Services
- Manufacturing
- Biotechnology
- Medical
- Health Care
Top 5 Investors with the highest number of deals
- Bpifrance
- HTGF
- SFC Capital
- Business Growth Fund
- Haatch
Notable funding rounds across Europe
In November, the largest funding round was a $435 million (€410 million) Venture Round secured by SeQura,a Spanish payment provider for E-Commerce, improving conversion rates and securing payments for retailers. The company was founded in 2013 in Barcelona.
While Seed Rounds accounted for a major part of investment rounds, making up approximately 43% of the total rounds, the highest investment volume was seen in Venture Rounds, which accounted for $1.5 billion across 81 deals.
The largest Seed Round was secured by BIT ODD, which raised $18 million (€17 million). Founded in Helsinki, Finland, in 2019, the gaming startup focuses on providing extraordinary mobile gaming experiences by prioritizing gameplay above all else.
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
European VC Industry Hotspots
When ranking by the number of conducted investments, London once again remains the hotspot of the European VC industry in November, with Paris securing the second spot.
During November, the UK led the way with the most investment rounds at 108, and thus with more than double the number of investments than the second spot of France with 53. Germany takes the third spot with only 39 investments.
When ranking the cities by investment volume rather than the number of investments, Barcelona ($525.9 million) takes second place. Munich ($186.4mn) and Basel ($181.4 million) move up to fourth and fifth place.
PE Acquisitions Overview
Private Equity (PE) continues its uptrend against the previous year with November acquisitions increasing by 21% to 41, compared to November 2023. Of those 41 acquisitions, 10 included companies based in the UK, followed by Germany with 7 and the Spain with 5.
The Private Equity share as part of the total 414 investment rounds in November (VC + PE) increases slightly compared to October, reaching 10% .
The largest known acquisition was Triton Partner‘s acquisition of MacGregor, a Helsinki-based manufacturer of cargo and loading equipment, for €480mn.
- % of all investment rounds
- Number of PE acquisitions
*All data from CrunchBase, as of December 5, 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 – 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
VC Landscape Germany Venture Capital Landscape – Q1 2025
Between a decrease of 22% in invested VC volume and a €240mn funding round, Germany is closing its venture capital landscape Q1 2025. Learn all about it in our latest analysis.
April 14, 2025
VC Landscape European Venture Capital Landscape – March 2025
March 2025 presented a significant 150% surge in invested Venture Capital volume in Europe and Binance secured $2.0 billion in funding. Learn all about it in our in-depth analysis.
April 7, 2025
M&A European Roll-Up Market Report – February 2025
February 2025 presented a 20% dip in the number of PE-backed acquisitions. However, one acquisition was conducted in the LegalTech industry, which is currently undergoing consolidation. Learn all about it in our report and case study.
March 26, 2025
M&A European Roll-Up Market Report – January 2025
January 2025 presented a 25% increase in the number of PE-backed acquisitions. This month, we spotlight HR Path, a firm that has acquired 10 companies since 2020. Learn all about it in our report and case study.
March 19, 2025
VC Landscape European Venture Capital Landscape – February 2025
February 2025 presented a significant 16% dip in invested Venture Capital volume in Europe and two Health Care startups present the largest overall and largest Seed funding rounds. Learn all about it in our in-depth analysis.
March 12, 2025
VC Landscape European Venture Capital Landscape – January 2025
January 2025 presented a slight 1% dip in invested Venture Capital volume and the recently founded Biotech startup Verdiva Bio raised $411 million. Learn all about it in our in-depth analysis.
February 7, 2025
VC Landscape 2024 Recap: European Venture Capital & Private Equity Landscape
2024 presented an 3% increase in invested Venture Capital volume and the AI Startup Wayve raised the largest round of the year. Learn all about it in our in-depth analysis.
January 24, 2025
VC Landscape Germany Venture Capital Landscape – Q4 2024
Between a decrease of 5% in invested VC volume and a €150mn funding round, Germany is closing its venture capital landscape Q4 2024. Learn all about it in our latest analysis.
January 9, 2025
VC Landscape European Venture Capital Landscape – December 2024
December 2024 presented an 4% increase in invested Venture Capital volume and Renewable Energy Provider "1Komma5°" raised $156.5 million. Learn all about it in our in-depth analysis.
January 9, 2025