\Venture Capital Analysis/ European tech has record quarter with €9.3bn VC investment A handful of megadeals, such as Northvolt's €900m fundraising have lifted European VC investment to record-breaking levels. By Maija Palmer 1 July 2019 \Deeptech 21 European SaaS startups set to boom in 2021, predicted by VCs By Bill Leaver 25 February 2021 Member \Venture Capital Analysis/ European tech has record quarter with €9.3bn VC investment A handful of megadeals, such as Northvolt's €900m fundraising have lifted European VC investment to record-breaking levels. By Maija Palmer 1 July 2019 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. 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. Want the best of Sifted in your inbox? Our newsletter brings you the latest, greatest stories on startup Europe. Sign up Terms of Use Related Articles Meet Adeyemi Ajao — the man who took on Zuckerberg By Tim Smith in Barcelona Click here to read more SoftBank is involved in 6% of all VC flows in Europe By Kim Darrah Click here to read more Britain’s tech industry shrugs off Brexit fears with record £10bn startup investment By Kim Darrah Click here to read more Silicon south coast: the UK’s growing coastal tech hubs By Kim Darrah Click here to read more Get the best of Sifted in your inbox By entering your email you agree to Sifted’s Terms of Use Sign up to \Future Proof Sifted’s weekly \Corporate Innovation roundup email By entering your email you agree to Sifted’s Terms of Use Most Read 1 Member \Deeptech 21 European SaaS startups set to boom in 2021, predicted by VCs 2 \Startup Life Founders, stop chasing after the limelight — just build your damn product 3 Member \Fintech Inside Taavet Hinrikus’s vast angel portfolio 4 \Public & Academic What to expect from Spain’s Startup Law, with Francisco Polo 5 \Sustainability How are Europe’s startups capturing carbon? Join the conversation Subscribe Notify of new follow-up comments new replies to my comments
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