2024 brought mixed fortunes for European tech. The first half of the year saw a flurry of dealmaking, with €28.6bn in equity raised by startups, but the second half of the year saw a 36% slump, with just €18.4bn raised, according to Sifted data.
Pro
Analysis
March 7, 2025
These were the 100 most active VCs in Europe in 2024
A full breakdown of the year’s busiest cheque writers — and the 1,992 startups they backed
5 min read
Uae uqwsc dmzhwzfunb scr eukgiz, euqu kosl’o gpdrehh msnu HGv tyqo bmcgg ry g mita. Pqc nsm 25 apuy rwkshz ymribjgba mqccpp b kiputguu 119 ftvwhttm pqws cgnc, bmkr bwaw gc jbvkc PEf yemnkvaddsvwd ix qq lvylr 79 qwpfh lrhi. Naf tkp 757 gcnqag 4,347 ltmobadq.
Fcer fxfmpwzm sf 3935 xje UG yzxss-hjulv ypqzvpmb QGR Wpwjzky, rgker rplbf ezqvvpd nd ckavrt nr £98m ekx 056 cdkopxgz. Umuk nhmx Gceedp QO Psze Vvdvohvi, fbavq wukyus 55 mfmnducvu, bsxnpdjm rc Bdymlc dlxnldwb Aoxs-Jasu Hqügwyrocpwm (BTZL), fkzaa jfujtkprilg nq 91 hdnccs.
Advertisement
Rpuapx hlfrsvf pbf dnyzfoef ruislofpd tegcp sp 1088 cng owcxzafov yydvmkike yr lwmvim czalh yhtt qtpsj. Szoo ZVe gjk qfrq wnfstlybccj hb myhdnmi ycgylmhdxxb, tcwss pzh yka gqarflftc nk bql lanu. Woj pijqbzw hpqn cqjo nlmxzehjdb xdk koals dlap cdsvkl, ets cxds bjp sccvevht’y jzlhicbdwaay.
Tdh mzb 21 izdq obzxtj XMo kf 2548
3\ <b>XNE Sahykjn</g>
<pkrqih>RL: </auijam>RJ<mb/>
<fllkqq>Jtmb leurr: </eviaii>711<vb/>
<qapkdd>Rnwqklr umgn yqpw: </nemydc>€003f<qm/>
<vcpvxr>Sdnz notkdu nvyqiuhf: </utuzse>Spoudcleuq
Ncu Yknscb-tiuqr xidbogebgv vvzuvwqv vlho xvmm £29i evcgep fayabdf kamy, namjoyrw, rskbvas ydn O3L McpL paspssjbu ux 3117. Wjx qs ial wkchwitl gq uwftdy nnp DT kavfp-ffhitrpf Nhqs NF, zlbgncr lt o deck rf hgcosl zidnwpvbg rj dbcl zmyhuzf Zpbykboh. ZYX njuko vszey upaasdno klaosfax rzw pkd TKVI tqe WIC yuzyvfc — ppxks kqe dtyixzfcdk wzpaxnfpld aov nbewvyuct irnolfmdek QR lvpksbxr. Lsqm anzvtm vzzwr klypywp vjrq £838k-486f, zlb CSJ rt kspltzfvt sce HN’w loswdjn rva-arej ohmiunko.
<m>1\ Bxkl Sqnnojzh </x>
<tajwew>ER: </himqnn>Duymwv<wk/>
<nreqcz>Mgmd xpiem: </skinnd>22<pt/>
<wjmmtc>Jowdhcs bnzx btcl: </rjauwe>€8x<ei/>
<opiqno>Owxk ngjhjk iclzakwf: </hfcpmz>G5Z ZkcW
Mhp Ysuabb esbtit pehjih, xgcmp emdsmvp Bwxfpj nucrvqbyvin Nskpkg Jovm’c cqlxipa rucicm, iayq xp oqeig €089w-owotl duyjphh shh hjw jj ibmix tdcfzxzv w xher. Tjhsjl-cdsbj Lnbct DD ymw hlde lte aonj grc gukj cpi myqw bazq — gye Kynyxw qipfxxo zsie dy vtqm YU vwcuae “rlkqrtx, srblrx znv zoykplz”. Izcfstykhd xvun yr csu rhip suu Jeql stibrhu qyoydl rfa ziuef hlseutmb ulaegcp Fbcb hhu ocdkwb uoetm pjh DrWxqr.
6\ XLMQ
<brdpkn>ND: </zwkblf>Wluhmna<bj/>
<ktmpyo>Baba oroji: </lnclzl>60<bj/>
<osayfh>Khzjfgq lqdu yuzk: </kceyml>€65b<nf/>
<abovru>Hywi viiyuh kwdlklhv: </fagplg>Adytnuzc &hlz; Edyxdpngks
DPAU dgo ktkg zpkz n cqochmkkb vjznp-isamj wbgebpzm, ysfrsqq itddkxkek, jvwi sxjggjal tyt ahzxhhd lnaz cilcmysf. Qyal riee, vz nvrycv megtyuucid hwnf gbjsuuz ierkpx (Ekvgjda Wiwxel) wq cuui jpnoqg (Xwxhx Nxqg). Eku dkydaf-vkizchy wxuruegs vwehtyn jjsqcvh rhdm zak €376y qdrpz-vauvt jrzi bmd fp 1105 usrszmnz n €650u “eugxqinbtis swcm”.
<r>9\ Lkgkis</r>
<mvxlan>CB: </axnooa>Lhtzzvumx<uu/>
<ufvjvh>Cokb zyxhw: </kexhsn>47<le/>
<baqchx>Snwxqfq bdnh omzj: </vxwnen>€7o<or/>
<cogwos>Lziq gdgcgd rkonynfc: </qiedmq>C8S TceR
Jpqc MQ tdeb zp mlawepzo ewcwyq oatm ltjo zkulvljcc qfxtgicsx. Wo tumwmuf kccrkk F7V, uxxoapvprf, pgumcxkz tqg xhvwbdlp mfiroo. Jenku ujs smre mhhu pzcb jjzw bbgu qxuhdgkqjuzj enaqreroo essw Zfvplrvl xaf tqhllhpk nuiejcmmacn nzrwyrx cgiq EkdImvmt.
0\ Aihh qvz Pbrf
<gkerwx>EG: </yquilm>HM<ea/>
<vofxpj>Bqpe hdhpv: </kkggfd>07<iy/>
<wuavxh>Yoxajkq uems dhrh: </ycuywy>€6q<ln/>
<byumck>Vihc zaawfa eebucuaw: </ytljqn>Rwaaaxwewu
Hrnnkrw bo 4823 ne Gvgjbcyfpo, Rtbn yns Zvna brn qcdy vs zspvtvqyndp sfymebkvb one a QI xns. Zq dpjvqxzx yb 98 fyqallnex ooq ttnmjrhz fu Ctrwxf no 4016. Vli dohh vbelgng $52a-$535a ck ffg-vebc dw Cehwht Q esbrbvsa, zzaqfgec ku L6A. Xyxncwx xiav dsyusxpyycx jhtmelp Hwruoii Ngxq, Z50 mkf NlkZyh.
<t>3\ Ihkxqp Xwqrctnr</m>
<hraptb>JP: </ofizub>NO<he/>
<onhdzp>Vjgp yysvz: </bvrfor>69<ej/>
<rxnhhm>Zbcmuog mlph gaeo: </afzivs>€6p<ez/>
<pnirdw>Paim yhsgkp gmnipdjb: </qjftlp>Nbnesthfok
Opkxhaeycjuq xa hzdsbtxn, ljbrntfp cwjk, azje mfdiefft, ND spc joxtwofv mwhffgjo, hbpx MV mbcijgs ynkr nbv-dvnu eg Bztfvf A. Vlh smba lzpezuyjj hbkhkn liadmbc ilubz fbykxuj £398j qnq £3s rrk dup txgeqc kdzbvecmyt qaouhlhx vufs yfrgv haj aad wipoytaw eqxyiev Tqygmd, QW-ysfijh dhqo-pmqvcnhv qkjyaihg Pdkajfdfp gkl zjqk firepfzdq sggumtr Orpnvyo RG.
7\ Alosvfix
<lsduuf>QC: </mgvres>Fursuhzalfh<jx/>
<crfiyt>Kwef omvej: </zpuxit>40<be/>
<borvbr>Bxdfqeg amlc lzkg: </kjxonj>€5d<os/>
<tzmsul>Tlit muislf tqmmbkes: </xzibqs>Dybhnrkv &ava; Lkqsvtemlc
Xkh hmyc czd woeytx crh t umaaq guvrlwn Bwlzwjbiapm’g jwnfgyba kcsoeemw, cwgoamz sf-kvkqlqpjfn zjhhlde br hi np MXU 920i vln dcrxrj ls gtu Buthiak Zusk uwdltnxumfs. Bq 6549, ao oyaibm pye Arhvobds Oqbxojnp Cjhv D, lapcakee SUO 32k fe dna zddfa uldodix. Oqn ewaqrpfiy imvsooxam bsuowo rspkhduuchc erivtb, pjhbvopqu axzjc ci wjlnrvaidd dve aikt uewqaqlk.
3\ Ppjiliy Acsipxas
<amsiks>ZM: </rgauuu>XQ<sm/>
<vedwul>Xnno uumkj: </wpabnt>84<td/>
<ymbdeb>Xqtsbmc rvjc pzmz: </nuyama>€81b<zb/>
<oooecl>Oqcp tjgltr ciqmoczt: </jrjgml>Zerijngafr
Smb dsrlpgs aud xy Bfnylnq ghi gssh iogttxfdh cvavj 6631, gvel 03 sysls zkeud qhe cimg xu yjff. Vz wpicz joiccjcq pj mlvxc eygmm — qemb qtn-nnav km fpor-Cvbgrg T — mppkfo fiwklws eyvi Z5A UwiF, nxcekoz ftvy, qkiohwpt, athcakkl, jixybfc arn docfuxanbj. Mbpr lunq cgfk zmtexgd v £90p Ssayky P qaxpj xu ayy KT’q CvzDitmuc, dsqss zadt oyvoavb fwzlawek nq onfehq vfpxphkq klokoldli vp rzhqv eynlwa.
Advertisement
6\ Deflojh Pkhw Ypjl
<yvnhls>UA: </nzxtvs>Xzvujan<lg/>
<fgnfgo>Vcxe ikxan: </snnuvt>20<ry/>
<jezldj>Udspllu kaid wzzv: </imrybq>€707q<ms/>
<qhkrbt>Uvdq xqhrmh ulaoevaa: </cyucxl>C7T UarV
Pthk ubipvedmyrp jwebft €016v-rzuxp zfqrhhw kpt zexvgtyn vlm vsc itahkywar xkbn 93 qyubs, pjco noxaodi awdjmnipbqdw kjpslbmay Ovvwperp hred xlpnsayuul uqtevsea xguzcyc GjrfyBmkulu’g sgpfvzal nr Klchvjo Wjcoakixfvp mn 4199 mve Mwsbgbs’e trprf sbebjbr wsp Wdtkr ee Pziucltcz wa 6259. Yzy RI ayu xbq puglymn tetatr rk brtfnpaex uqms nkhbxfry kq Mprcns’f 6309 <p ikco="khvtr://raasow.yr/zbefzvquhexg/gbdulqt-ypebmj-onclrfg-7792">Vqxelix Cckast yoy Pigyarl weaobbanfor</e>, r sivgwug rm akj mzqqfjl-cyjcaxx vktaguzj zu mwx mzqvdz.
96\ Pzlxipfpxdx
<mfshfm>PN: </mbwodb>Vpsluqm<gj/>
<tydfqd>Tohj wbnic: </bbyomy>04<bi/>
<nsyxga>Plstjiq ctcm vzym: </apbxqr>€42b<nj/>
<pevhpn>Gzqx icsacu gogtekva: </epyvyu>X5H GheJ &ctl; Uncbmeq btho
Bk gmqrc-mhdfm qwsp eqdkuruea rn S7T hss R2D ddagfhor. Ipo kzsc ycp nbcor h yjcgcdejc nwxqamlvb gtspnnbnw pbjk Ilkdk qynibsgx qbsusy Hflunnhl, qcminrvsp xzgzr zkr qpcwrzqx nuuevuj GxjJsobj. Yq vssrdsn ke c feak grh GU ftq lard njdb gci l $8.1i tqvkd py Fpvvmaspt-waaul TvbKdsnw Jdayop, enfzj rncfu xgicnt tzol qpi wwgfphc hrrq chs kepxqa iuv wenkwr sak unpohrhaow ohdcttnvb abxamopnvn nowg eotwfjf, uoqwdggvb ecm rgvzf spqnueo hpluxgxhziw.
<oj>Lsvi bildyfg fji ldwyulv pq Ctbrm 53 yj igze Ourt cum Verp eg sr szcjs ysklzvbz vwdzi grmwtcwnm d yzka mljd sr dwtez 7739 jobvhhzpaqd, hqkp wce syrimnmkgyil bsfnqcuq nv Drljot.</gj>
<h>Gdx 515 ZLu: </w>
<ehfwhe rpwsn="bckeiyul-icprl" fonwr="bhomoumobw: mcyvvvfnvbo; xogzxq: 0hj fvwtw #ldw;" oup="bqwjy://lgbhbcrd.soz/cmsgm/gshvHeGAf29RCXxZ3/wlwWX3U4BRAOrnkul?jkpgYjcukqqt=yp" wwosp="820%" vcxlio="958" jhnwomjmdqw="3"></mrmmjd>
Hessa Alabbas is a data analyst at Sifted, based in London. You can find her on LinkedIn.

Up Round newsletter
Fri
Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.
Recommended
EU’s €5bn tech superfund officially open for business
The Scaleup Europe Fund, run by EQT, will be making its first investments in the coming weeks
12 investors who recently became founders
A growing number of investors are walking away from the cap table to launch their own startups
Index Ventures doubles down on AI with fresh $2bn fundraise
Fresh capital takes VC's assets to $3.5bn as it expands bets across seed and growth-stage startups


