Thanks to a clutch of €500m+ mega-funding rounds, European startups saw a record level of VC investment in the second quarter of 2019, with €9.3bn poured into the region’s tech startups, according to figures released on Monday by Dealroom, the investment information platform.

The numbers were boosted by deals such as the €900m investment into Northvolt, the electric battery company, led by Volkswagen Group and Goldman Sachs, and the €703m invested in Greensill, the supply chain finance company, by Japan’s Softbank. Funding rounds raised by Deliveroo, UiPath, and GetYourGuide also contributed to the bumper quarter.

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In fact, it was such a bumper quarter that investment into European tech companies does not look as anaemic as usual compared to Asia and the US.

While the US is still some way ahead with $30.3bn (€26.67bn) invested in Q2, Asian investments only reached $15.1bn (€13.29bn) in the period (admittedly a quiet quarter).

Investments in Europe so far this year have totalled €19bn, ahead of where they were at the same time last year (€15bn). Total VC investment in Europe for the whole of 2018 was €29bn.

The UK has once again taken the lion’s share of investment, with France, Sweden and Germany more or less tied in second place.

The second quarter also saw a number of new €100m+ VC funds raised in Europe, including a €500m fund by Accel Partners focused on Series-A round, and a €320m round raised by Cathay Ventures in Paris.