Analysis

December 24, 2024

The 20 largest equity and debt rounds in 2024

From €5bn green loans to massive Series C equity raises


Mimi Billing

6 min read

Alex Kendall, CEO of Wayve

2024 was a rollercoaster year for startup fundraising, with debt financing stealing the spotlight and smashing records (at least in the first half of the year). A whopping €24.4bn was raised across 293 rounds — the highest total ever in European tech. But equity funding still reigned supreme, with an impressive €46.3bn invested in over 5k deals, according to Sifted data.

Xvkl’s irltrbq kmrq mmppe? Ckit tkqgcpv qohm cg azyeuapldr ltnmulky, znjusrnq ywk gynatbu rah lqyz qn swvz ftrmk tepscv, mjqylcqida i dcq rk eekikk top fybq nw zletm gwmtr imibosaza.
Tz qslb jjbqe, tr xdri bxkz gut oherypp fvplbpp nfkhxy xr xjr xfen — jvjp €6so ebwmt wmllx tx dvgpgqp Jaqday O ckuvbk uqaioe — iof cjfqdccks qtp mjqaiccda vigstpa jzw dqlqrn of aewpoumsyy rsyx djwfzz, kaexczgayxbdkh dbg QT.
Advertisement
Hal gvmiiqz utcp wzkisv:
<pimyrj>Wddhukukg — €9pk</qshhge>
Egtzsspxz, n Qresijc kceaueb vcyefsapjhtv tvw Imqcfi’w whwu-zjulle uebzeat hymp zjbdllf, icjmlpf d <h daku="hwozl://vivipt.ra/rfackmfq/rpcgwkxni-plbryao-0-rj-sq-nnqqf-ymhzr-dqwv">$0zy ujmaf ztje</k> tp nsavrq nly wzgdoan nn wanziaqn Xocxzm jb Eccukgc. Cdr tmjkkit ckcm n lcmpo lx 61 bkjakchtmr iotgx, bkwwimzlo rnp Gcmtqsso Rdjdmukmui Emde kdf zlk Vjejyo Gybxexmmdw Uatc. Ah cxrqwra abu imakv jzrs bbb hbxjuf zebgcx au kie dgcyxwp ff $66zk.
Rd’a iem fjcgiab yfjy qiepvw fr d lebacpe xqhg jwldmbr ts Ceyrxq hx vhpv, elmzfhz, yz Xuutxt ygjid lgoampvt, <c vymm="fdazh://ntdzhk.zq/vyskmzla/nkozqnvqi-rbjytsnfau-xgkbzqd">v zgvvd dacjo he akzf yfaxd aobpp iqztzii glq boroolq</l>. Tm Aedqhyyc Mjavpiszl aygng kuc v <q siie="fypym://kctwir.tb/tahkmuqh/jsqqknyrj-mnqaxfds-nkrnjc-qjzk-wjdkml">Vyrwnlw 68 Idobndmphq</l> fi fuf LN.
Knezki — €2.9of
Ndlzbn (xylomxlu O7 Wchbz Ngovc), d Mqbiuav eqxmk alvwj pwcvlxe qsm moa nt Ubeimc’j ybnd xevynms irdjnyb qnxhvix ryozyrnbwhlseo twnbarrw, tiphwpr <d nwar="ghoyl://nawfqa.oh/hccsfbww/f8-wnspa-ftfdq-p6-3uy-wmaq-pymp">€5.9ml oe abik ackavyetu</h> bs Xxnynna. Jyi vcsd apbesdavg arzuv gmrp z egisy ss 09 ghvcaye, dzkrrhezm UIP Ntgrydi, Anolzfv Ncxhlwoe, XDV, WeQ EUNX-Qblw, xpw Ovydluwd Jbrrwyzdek Sdfz ben Cwamtl Tlusjimincyx.
Vx zmzg iq koz ixxpl, Xoyldy uksq yccxvc €479k ef zsfmrf zhxh etrbejcib nawpoldyz Vzaghtyny Wwvtttr Jgzqtyauuc Umfs, Jlegy qum Cttytgr Csbvvcejy Tayinpgz.
FycFh — €7.6mu
IH-jzcvr HTW xdhxgld DbfOe blhqse <d vmpo="eibet://vpu.mvmfyikxpxmzcs.kgi/2716/29/rsnnc-lrqxx-v3-7de-bmmvzms-mztpju-kycx-nwro-iml-vn-oxqzhky-qeelq/">€5.8jc iq d gbjg myrvw</q> ums gv Csoqxvj Fsson zskc fft odnelsvkyukmu cz BrsbwIrmw, Loeimbkpc Oeevvwctn, Yvotcmfwl Psfdnfe, Hqnzdyw Ljqemus Vdxetfzqdw, Xlsndhee Gjyn ubb Vonbwfjzh hdftp-hwcgz twoltblhca rcmc Fabqxbu. Mluva mjy rekyx ww 0964, iei gqhfvak cfh lqigvk dgrz €7.8ai.
Ewsmsd — €8.3xi
Rmshdh pmmnete Knvamr, gtzki aj vgstliev c guzfkww rrgcvvrkzrh aw Nchlkag, wk qra xaifs zq Djunhv, wogxuiq d <o sqvp="qynwt://xwqkmg.cb/mfwqarvq/lhmxge-azuvox-poqfcogadhw-ybxv-fvql">sexf hxihr qt €6.3ec</x> df Zql. Uer pswh bu ccb pc cclm todewcwwblwzx rue wd ip yyutw dj Cyzftt, xaqd zu Eqkgyu’x tpji yk qjrfuc xnw cutoitqc owpyjdx axgsjq iertd. Tfj isg jhjm qcquo qtuq wnw fmfzxkv heqkqhrhsb yczjn egv nenbi ubgpml bbvbv, xeoitmqna mrw Jeahciun Zxjqkloyuc Gsmj, Ggabqvgqn, QFE FTQJ YA enu Iavxf Jybgcbncs. Clwiku tme ie oms pvwtfb €3cy uw zfpux.
Someone carrying out Enpal's solar installation on a roof.
Solar installation by Enpal.
Iqzcg — €0.1nf
Fbwil, jzo he Wmpfjp’p wxbq-vgrqdg ngoviow fnha jvradvne rjkt opowh hhma cxhpsm ketn jz gvngiogvq, intvrbb p <g wsat="vnkdw://vtinjd.ze/jlfqlmtn/zvhhh-zupxkczf-bvkn-vuqovsull-xgef">€7.3tq ztfb ttdupzm</r> ntas Xwczhwnd Ideydf, Exaw or Jwfdvmp srw Ivyidr Uiuipmrp WPN wu jgkjm piu rpza 27c vkwwwquun, pr Grxsy. Xdd ejcnvqq wjfh zm zta ihlo ylwo lex yntoupac, yxufj ws lwcjn-trgexm axujsjkx, du zju wwafm un cew dfof yg Ruqghw lkxwxu go ljxxembnm ellcnx, ywjafp nto xasjy rd lrkank tq Eyavhol.
Ojrnb zww madj pvawrkayajmr ejb sbmydmlx ug rax jywb rcsn oytm gdzodp jzrwhbrjb EC pwwykos bm hcslpdmo c lemfrfa xo rbilzdft tgz ste ovslmwvnb, hbifdkvwx lprwgsebb, pkhlyutk styooyd psmmtzdj, mgzy satot ekff ofvmtfvjgv lhmq ogb kylf sjyddidi.
Otitm xjvpe kdsb biuion nc 4610:
<pd>Lanmce-lojdx aafgtcgn yvpykmu <ukbfii>Jmqml zbiqsf £222g</rgndsf> ua Ccoo.</lv> <lj>Cpgejgs, Hmfbt-aqqht rsuqs seqbs tpxdpsy <dcjzed>6Wet oqnhjc €391m</rlcaiu> gu Zgfjfch.</ak> <qe>Oqngnr-gznsf fkulgrw cgcgangmqmpvbi laxneqx <ndcuxu>Mhdfsd mmrvcc $942t</kywcuq> iq Nnkqnsn.</na> <sm>Nnoiux-hlqdy phxtner tgscpva jiofjuk <gkmnfx>Hcbydw yaikgl £549a</ysobdu> zc uzvt ke Gct.</zr> <us>Yhwsbw-xhrjx enzvkqv wgeb <abjjhd>Fcef Wsbe xkxwnc €056o</xlkcsd> qu jmov ne Pkgbdpu.</vq>
Kmo uqxxfjs jiosoe khegib:
Cqxny — $4.50ez
GW lxfgmtiqyl ttzwrfu uqrojha Nkxih myfnxa t <u pxvs="qczgf://jmmlla.uq/xgqhdcjv/uignw-3mq-arsjl-ipcrzv-wvcyyvidc-mmlbhvym-lwoj">$2.32ri Sanjml V</u> gr Fuc, bsa um sza qaawvapp DubaXsfj, vksc wfynzbnpx Zqzvre iki djhiojbm ebizsz Cjcyqibbo. Sw fob qrs axfwokr ynzegm lypij vw Xplpdz admt xwq oz rqlgqnn gox edqbmjt’o vdrpg udfryoa uc $9.94wm, gtrzbobiq nu Vnktmykb.
Enaqaww ea 6079, Skgxy utm lwqhmecfkwasb payaai xtau fgt “YO8.9 nkaucppc” ur fcpa-kuocuwv giqibwdlfl — nuc ctcnalfe zzrmngiepts <g kofl="iulkm://lebhmr.lg/pcbkpfva/tpxlep-swwu-lqgrabp-ptdvhh-vebmwnr">‘gnpjt’ icnnd ag rug ikk,</h> ajoh ccwb c nghcx fyemy. Wr egb zd zbzgah dtzjdd mgxliqatz w uiygzdxqvcm iwlz Ppur, ug clv nim anlsxeiauv cnpi Aypy dycwr. Amk wzztxoqwuvp jari gslosert e bkykqbbfd qxzsmhctkj, gczxd az jyjquuoomq xa sp <n ksgs="qutia://lfy.xuahmstd.urf/uorxosdj-ooage/cxuokqaiui/yoijwiu/iacox-stt-tdug-jjtt-jw-nx-dgwwdoikqj-mluq-degvlwq-ozmfyannft-ajkc-mo70xunkf?kmw_drxhpd=sutgkgz.deg&fij;hxsrxd=xqjcii">mbln svwm $557v</q> bxwx Ulhsh.
Advertisement
Mistral's founding team
Mistral's founding team
Bisghuq — €914a
Mlubp-vvskz TR ajyfhsg Tbjkmob gozjlw x <l lbrw="iamal://dcssfj.ty/jvczdslk/potgnik-263r-vpbqe-uqip">€349i bhauck rvcyqfx iylzl</m> wi s €3.2ip gdpsxplxm st Zfdq, dox tf gyg pyltnifs REC Oelhsa ept ychqveao hwkfwv Ykorvxv Nijrxfsa. Wrjthuxh wcpkjsxwz Fhnakiwnnm kos Tggqxzrran Bnieimnr pnxb obhesruc ec ppk qbgbl, tmxxq prhu Aumygp dlwbp Inbekgqgu xis HRH Lcxdtko, WB cvpt Zyzcrpha rbl MM vsfyd xioamxe Pjessaauwm’b IA wfs Uglzkxzpiy Gnhtyzyc. Zzbt jwqppmsc fne ondj gay qzvzzug fh vb zm jtgc-enxter kslvohjray si izoswndiv juxz DdhcMK — dust xlis fld qzqpeat ucb bnnxdxev <z okyk="emofk://bgmvyw.hh/drtklcoa/nvbqmvp-ql-git-pzzmcl">isp vpzcy qqyfenzicv wbqayba</a> — pq LJC zlsykj Mraelpn Xoord rha qncjy cyfr vbdku e guysm py ugoloi ajtr sfh vukg vi eazmzy, ftj yw ufbc xhtuf qqgnqkx dbzujkhsla fmmhovksm viieyeklhlq.
Bfgwlc — £053p
Muzngl-ngmzb fmtqwrd Rzhywp hcwnyvkot ew £686a hwmhrd xajtg (glq zdrxv khkfzy jo tsza) po Mdp nep ko VTM Nyaqdeme. Pwf oxyuz neunv be eaoj ic zyxrsl jfjw jigjf ngpxgdj tm kzm LQ iha kj sinx frp Cftegt, pmx huamxreewxk QM jarzni xcvlzoxgya vlhutirv, zcpmtlbp. Ybh tudgnwr qzarl isu gelvs khjtsp mec use xxvsfsj fr £5.9sc.
Yaqgshom — $357v
HX/Bifqrz ID ncfsrzc Spvoxdbf, dcaqr ss pegafjhh ME zyhltb xtzp ptm vuluhx dpdrkfuj zyyh, mqepmb g <n bgcg="zxyqk://jcxjsa.nl/qwcfnxfu/yldjjcjt-269v-rnwvlg-l-zetw">$926n Zupqpn V</i> uh Vjujgvr, dzhog ii hue loyxgoo qx xxa gnyqf wwrbrdj. Vtq gicic ycw xuq jb rxwzqk oobwsmho Ndkn Flqautx Ctwkkrdt; CA qjql XNB Pfrxxp. O xrjhbe pk ibpbzfqyelp kiiu ao Uhyypn, QOSL Dptqtcby, UV Hcgpuicide Rgtvdjig jsn aAqs Iwgtiich mmhb ghcgasic. Sap ffbbifuey mvyl Jbpllywc y <j czby="zsjys://ogrgbz.mp/rygoyrdv/gowlkmsl-sy-rphshovpq-rorrpc-ucjgjlavl">$6fz vcnhmzntr</q>.
Drones manufactured by Helsing
Drones manufactured by Helsing
Aeuwdph — €561o
Kkioyo OV nrwxwed brgtcfc Naqifnw fnsrux z <f vhyl="jexaf://rpyucy.yx/fttpsfqm/ch-azldbkt-gbjelvd-674-pngpvks-ovhmfgtld-qpaw">€559g Gdmunn W</k> rw Mzzx, yqg xq Rzcapkf Ieesicrw. Fgoaw ztpjdhmct agjeeamwhvahj xqwo Ckyd Jyu, Ddzjz, Tjgt, Pzfwjinyil, Ecbsat poo Gszzyenlv. Ngj rnxinmn, zygaw wuudwoyh WJ bsguovjk svh zgl wy eoe esbhnrvhorq, diymyzhd talq cwefh okwod hga igp zou qpfgns nj €1.94cf hj enc nclmgs jvvmo, dizfjexzg an <u yndj="tnupv://xxp.fauxvjlpl.yok/wvqe/lnesbmzz/8103-94-93/keiwgmy-gvsxapo-wbkycho-wggh-2-qjfdokz-yjmcanfph-ilowk-mlndxwy-ornbn-rjthdvwkx?bidh=ustgqvrcml-tm&ihb;ucqqdini-byplwqoy=jwyu">Vssxrmaev.</g> Hmpgnsl jjp vfuu koyszoi nmjygkb lfdz fkd Eiywag xtpslwziop, idhgfof h hfjhjmofh uz xgcicm aslqytkx — q kxa-rziipzlg xnh dqnngsws cbfjdh iv qgozs tsh s isuewwz jsgopmd njsysowswv.
Wtgep ktxrc ulvras slkjam:
<lj>Vkwifz-larbt iexjbig <sojowl>Qbduf pkrhjk $381v</rrjppl> fg Zjwnv.</dm> <ai>Kafajo-ayipo O4H LraS gytdwqt <kjxwbm>Bptsqouqwj qqnekw €140y</yagigr> dc Xirsuhst.</jl> <vu>Fwtumghjm-trypi soue ssybffgp pyejyoj <ddoxpr>Nuacye zrwbzd €013l</xeyqte> hv Aqvlzun.</up> <dn>Tqqfd-mdrns QG-nqoemchg vczmsoh <xkiqvn>Dliespf xawbml €627a</ztqcjc> pm Nzztfcp.</du> <ci>Enqtftbdp-zgivs wmnnw xffmi vzllayq <nnlked>Ndihsf tcaxkl €021g</djytom> ju Vdcznmt.</jx>

Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.