Analysis

October 19, 2023

Q3’s winners: climate infrastructure, AI startups and Sweden

The data for July, August and September is in, and it’s a mixed bag for European tech


Source: Unsplash

Europe saw just over 2,000 deals in Q3 2022 — the lowest number on record since Q4 of 2015, and down 31% from the 2,900 deals done a year ago, according to Dealroom. On a brighter note, total funding (including convertibles) rebounded to $18.9bn — the highest since Q3 2022, largely driven by megarounds secured by climate infrastructure and AI startups that had so far been scattered in 2023. 

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Federico Scolari

Federico Scolari is a senior intelligence analyst and data lead at Sifted. Find him on LinkedIn

Shubham Jaipuria

Shubham is a data analyst intern with Sifted Intelligence, and can be contacted on LinkedIn

Jonathan Sinclair

Jonathan Sinclair is head of research at Sifted. Find him on LinkedIn

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