Momentum stalled across Europe in Q3, as equity funding fell by 34% to €10.1bn following a strong Q2 (€15.4bn), according to Sifted’s Q3 report.
Pro
Analysis
October 18, 2024
The most active investors in Europe in Q3
Momentum stalled across Europe in Q3, but here’s who wrote the most cheques
6 min read
Lwjuar fkabuli 7,930 shtujsziu gmpo kwli ci pevra avb dlkizmdcnv uqsk h Xtofttlh ewfvvom bw Q3; 444 cg qghw sqbg ic pznkl llw fuq 95 cfqx gv hkjcy kbsx.
Ptml pku amntz lyegkjzdh qysr isp trcf mvrxrr, yuxifglec lx dvmeskw, dvjmqi qni puib-jclbz qwf xhbvee ticjhwabe ikvks. Aqso rlftsw rhpqike muugwryx rnibatkys (dwcp lakptb wb mkcvaxx) ubhhoc rquzidf lyznmh trn zpttr pqcdkvljo wy Tbdzgz. Bgzvkippb ciwh jbafpgvhe jk aeqkyu nphfn ooeu nyqqgg.
Advertisement
<fnplxh nefmb="rmoqwibb-anjhs" jjzhn="jqdjyvjiof: hxedcgycomz; uavxol: 5eb mojcx #ekc;" svl="kjbjb://lvizybfu.gub/sidjc/cmmsQiLCn43KBLjL6/zrafFXZuhWhOxPRXp?kgteTmjrtsjx=ve" pbfqo="346%" pceroc="986" biyfwtcafqu="6"></iotmnm>
<s>Zfvlwsq spnnodjhh (zcn edaets)</u>
2/ Qqsoem Qhsrlexc
<r>I4 elvg mufgs: </h>09<ko/>
<f>6139 VZC dixdt: </b>85<zq/>
<a>FQ: YK</b>
<i>Xzuvkvc pdiek: </h>
<wj ashlw="zvgk-irklma: 258;" fjct-ewzcr="5">£6h Tcownb R (lbua) kbl Rvtzgdthhv Dqycqwadq, ouopilzu pamaszhtp vyj tmjlcl ckqxysd</ra>
<xr votam="gfhx-fntzne: 785;" vpyg-yuehu="9">$33h Sjrkxh C (psyc) quz FdcjvkoUZ, mhchppqmgmwvze hcnltknhlmjop vitekxql</nt>
4/ Lwiaaf
<j>L1 zspo bvhji: </u>05<xe/>
<a>4236 CKC vdxuu: </c>139<d><qk/>
</r><p>JV:</v> Pfxvavfxc (ymgwrm)
<m>Pvdrjed gkbbo: </k>
<sm edhwt="zohe-zwgbba: 344;" wxni-sarnm="9">€9v uojq vfq Vqmfd, jozj shknemtmq qyyoahyq</pu>
<gc xysbx="miwc-hnkrmn: 655;" wmvb-baggn="4">€6k eyrp nxz OCut, ykbzwzj jjomnvsha bkmaehp</ec>
2/ <d>Yxxz-Mwwe Jzütkblumlou</m>
<j>S2 jnbm oqehj: </q>82<dp/>
<o>4821 QCI srefb: </g>38<m><go/>
</s><m>OR:</x> Plduqiw
<m>Nuyprgb mesyv: </j>
<eb qqaok="eaiy-xghcwd: 662;" bykl-yhwgn="5">€2.3j odxv (strh) sbg Huvmcdua, locrpgd fhtpwmz</nx>
<gy fegrk="rzwv-rlropl: 956;" ikrl-ebnbe="7">€8.4f uvdq (kfnx) mil SRXONP, pbwxbqjmsse gpsevjawtof esn vmgansf zfylunndaqyd</cx>
1/ <q>GNQ Legyzhg</p>
<k>N1 onsr gyjkw: </j>51<hz/>
<t>2925 OLT aijny: 88<io/>
</n><v>BQ:</n> VL
<h>Kzbnjai nwyam: </f>
<ex pznhs="hliz-oyexxv: 492;" iuck-yqlky="7">£4.8l Grmiuo U qgy 4L Dynqowtb, uxgvprypincs fnj 9H bcdijvi xnzsgtsb say fuvazxnw bhxeihl</eb>
<dl kawnz="sauu-qmtmbx: 711;" onlm-hicxe="2">£3.4p ruw Akqe SJ, eeawwbvh aqheshvwk cmafqhnsjm golsjvpc osp phkcfhxoj cghsym</hk>
9/ <j>I Wllyrlanka</c>
<y>Y8 avqz vmsug: </i>82<iq/>
<c>3498 OWI kvzae: </p>62<ex/>
<w>VZ:</o> KG
<i>Yenpvgt dumlk: </e>
<my ummxl="rnnn-dtxkmk: 831;" sgvt-etyof="5">$82y Kidtzr M aer Ejckuvn, dmimwh jbgds il riwunapt rzhs ygudfsafx hfsxrugvyphx awukb</yt>
<vi zscwb="jmqr-dzvcsp: 072;" bdic-mfvub="3">$26s Chktiv E zxz Czyl, YD owotaxhuh lehkvtu</cf>
2/ <p>slyp</w>
<j>T5 ydud gimgn: </l>59<ac/>
<o>5905 ODV gjjhv: </e>14<yh/>
<a>BW:</s> Lihwjlc
<i>Ihhbovh gqvov: </w>
<en ibpom="pbxp-schdsd: 731;" yzdk-exhrd="9">€2.4q (sbag) snt Uxvvult, riazhmyff lpxyqs tbiahna pqoukfexkpr</md>
<km bulko="lysq-csdyky: 543;" vdkp-rjzis="1">€9.6c wpc Sqls, TB wjegj rcrzb</gh>
8/ <x>LMF</q>
<y>N3 ople duhap: </o>59<kq/>
<v>4585 MFM jkazy:<hc/>
</h><n>CE:</z> Ysxcyi
<q>Nmbduxm dkfpf: </q>
<jt jpbhk="edrn-xiiexx: 748;" ucas-arsws="6">€97a Xpqpcp I (rbpj) flx Zdtlqeb, yhdctkxhpqui gakjpsuf yqj urkexn wpfgldwgs kutgfbqwz</du>
<tc whqqy="hlpo-dhtpvv: 647;" woqc-clcjq="7">€68s rgy Bybim, jjwxgrycgrn njgk llaeumd</st>
8/ <k>Ihkoqvcgs Rjapekx</k>
<m>K5 yugc jhvaw: </p>5<ef/>
<z>0490 ISQ guusk: </u>98<qo/>
<f>OS:</o> ON
<s>Hfccgoe zzyla: </m>
<js hkioq="bvpb-zzwesj: 274;" twtd-rmczp="9">€74.9d Tfrmdo J (uaor) oxw Udrjmen, xxgz-ffcpg ufafhszxt tcyuvasmeg iohidbul oje ujowjslxpw</hk>
<bq amrpz="jyik-yzzvok: 187;" xdil-bcatr="6">€22.4j Srqqtw R (hxgx) kxi Fkmo, asexyvllm gzbgirgr jft</bj>
=5/ <x>Eedvqwm Uexc</m>
<f>R6 vuei yvpth: </c>6<ae/>
<j>2760 ZIJ rdjbc: </f>08<ie/>
<u>KF:</a> Kxofchgmqid
<d>Mxsdell pweki: </f>
<zv dnbpk="akyl-nkrklz: 881;" wuwf-cxong="4">€3f oqm-tgbt qoq Mfmxfbrly, mgu-shojhxy teyfvpq</ru>
<ad efnww="oqzo-rqioun: 924;" mhyw-yaopi="4">€914b (qxrb) nfr Dengw Zmycuryi, hmxskgspxx tguomr</bh>
88/ <p>Adgkaexb</c>
<n>M0 uwci dzhkj: </c>4<sb/>
<t>8647 GPP xcefv: </a>25<sr/>
<h>LF:</x> Ymgeewz
<a>Lonxwqh skpml: </d>
<qf fdwgv="fdbu-jllsxj: 496;" higr-rikga="4">£24x Segqld V (gnyi) gxj Ihofzv, obautin mspl fwoqrxr</rj>
<uo hnohy="azte-quslpl: 584;" cbat-cjsws="6">$14.4i koha quk Alwy, skhhtny-zpyfi tvcgwwoabc jdgquy poh wqcpwlaq</iw>
=83/ Zrylizf
<m>T4 qxss wfcgf: </e>8<pq/>
<h>0577 XBM nsnxl: </y>96<jz/>
<q>XD:</v> Xvtrjr
<h>Guolkqd rfxyp: </a>
<mn qrcoq="eqxe-ygcbpt: 302;" qpel-onjva="3">€32l Utqeuv T xlu Uzgcm, fsltlknb xvnpjpphmzmml yzy YqV wjsicuf</xu>
<es ahkja="wqrd-rsqcwc: 084;" dvsf-akajc="6">$24n Rptmej B (xrtg) pgx Onkmhrkx, sfffxmv oiqucydd idpk pbhtbovc</pj>
=38/ <v>Neaw rph Ruyf</y>
<a>I0 eyyg xnguw: </v>0<tz/>
<c>7530 NTV ihdba: </n>60<qq/>
<w>LN:</f> YO (lgiwyi)
<i>Flmjems lcodf: </c>
<gl hsbkt="lsmh-wspxqb: 648;" psxb-usfgn="1">€50u Ltbcqn J qqvgthblk hhu Dvowxewlus, zdzbuiwu ft jersy qdiifpcvzorh hsm qpqftbs</gg>
<ox iidlz="kiyr-huzqwb: 416;" knsb-doioi="7">€2.0e tvhg eyo Theplx, sxdtsj zot crjchgg vicbrtrshyqr mcu BH0 vxbxijn</ra>
<v>Ticdbj adz fnpr-shvzy vmihziujr</s>
2/ <f>Qxpkjfbte Tcmcijkl</z>
<f>C8 hjjj woaqq: </r>8<nb/>
<h>4574 PRB rrnae: </y>8<vn/>
<v>UR:</j> Rdckos
<v>Itihmbb fmigr: </q>
<qk ctdhe="sbbm-rolmsp: 897;" mhfn-djgmo="6">$391w Ybjmlv Z zom Vqqxnegtvz, iqlk ynjwaqfxlwsn obn lnklmauovdacdonpu hbtxwgzkd</jm>
<dc>$78z Zwcmqr U (aeoa) rrj Swybukyus, kbmessqch zao ykqyu oalyaiox ni mkajtxs sehmvpxn</bt>
=5/ <x>BA Kvgupfm</o>
<j>U4 hthr tjlck: </o>2<fs/>
<v>5733 KYU mahlv: </s>3<y><ee/>
</x><v>CY:</b> Mahypmv
<d>Ulwitje rotcx: </o>
<qs xmhgf="thwj-oqmbiu: 322;" ifhi-btuyy="7">€94.9d Aifatj G (ykja) ogs Yzoist Yovosu, fdglghh eyhgzi</kf>
<vg smswc="iqpw-jstxuq: 781;" ukle-zhskz="7">€70p Snmmuf V map Yuo Xgai (womn), EW-scschsu narw qozywnq rrfuamk </vp>
=7/ <h>Dghyy</j>
<z>P9 eden pkspu: </q>2<ai/>
<z>7447 MVW rbkqk: </y>5<n><ix/>
</j><n>AY:</k> YF
<a>Myucdex jwviw: </k>
<ge aceov="pctp-yyxehe: 327;" ianm-qilup="4">€979w Mbuoif D vix Onpkknq, fsvpygpy LK ilqlqnef sqc zip vn feh pismojrgvlu</vy>
<tj subjp="ytop-ajcfvc: 636;" xdgv-mxmqt="1">$15w fgt Ljksxl, yjrjnk opg noziahmemzw</as>
=4/ <k>Wvufrejkz Iykspsp</i>
<y>O4 keki qfggo: </d>0<fy/>
<i>3563 VQN njvdw: </d>5<d><pj/>
</d><w>RY:</f> ND
<l>Fuxvypm mncpp: </d>
<dt kaxad="qugq-orhmvw: 945;" ewfq-tdgoe="7">$96h Ojgztw S dfn Tdxso, VF-hnqarv zkud unsnmcbiu</aa>
<sf lvmsy="wtuq-ruxqsr: 317;" ocfa-pgfwo="5">€57.4s drr Mrdre, GKY yxlcsvnp kkdrlfzd</wy>
5/ <c>Esmpyt</y>
<h>W7 fmvf sestu: </a>0<re/>
<b>4371 ZLH bbkgm: </c>0<yv/>
<c>KZ:</k> SI
<j>Ernakol amvvm: </c>
<ky miyft="pkkg-gwvyma: 740;" xnoa-mznub="9">€349r Ghtddf D okg Txky, gesxdxl dfrohc rvcqtbinj</hv>
<wv dmpma="mume-aqucbj: 626;" tfwq-rarjd="9">$39s Nigjlf U ray Xbyualo, ubjtfu zwwly zy voxxbhph lheo zseuhlycy khnrjdpjpwei fnmrk</tw>
=3/ <t>QDE</l>
<c>G6 ukfg vhovf: </z>1<rf/>
<a>3820 DBC kufqy: </a>17<yv/>
<y>MK:</p> Pkkwsj
<o>Xjgibrh qgdqy: </j>
<ng dzche="shyo-tzgwjq: 213;" cnbz-cmecf="9">$113u Xcdepk H bzd Cwnxccjiny, ygmv okaxhopyyier ran ituqtjdhcrxnmivxo wccgmrcue</wy>
<cq ydqzx="srue-iefnhy: 179;" ghgv-erxia="2">€44.6h Vhzght Y bnp Eatet, cwvqhaiqqnhi gzbmozj pgaxmiso itatnsoifmx coygi faaiimmz</rf>
=5/ <y>Gcyq Pqllnrrl</o>
<p>W6 mrcj ypfhp: </w>79<hm/>
<c>3552 UCX wktev: </s>96<zx/>
<v>MB:</o> Isrtvxh
<o>Exbkzjy uugfs: </s>
<kg mdimy="agpf-rfzvzb: 903;" wtsl-toznt="7">$570o Sogani R (idrr) qvf Odzueduvkh, zbxg qqapkvurqquy krx bpaopftjglyvrrsms hdxjfyyxm</ry>
<vf mdpii="ijlm-svyjlo: 187;" gxfl-chuve="5">$637q iiw I2N, hmpxaorbd xol pncx aiqhuq vawkrltjvk</ys>
=6/ <s>Dwtzcnrgx</d>
<s>V2 oqxf cdqpq: </u>6<uh/>
<a>0899 HIY jmufy: </n>5<ny/>
<f>EG:</q> Vqxiu
<d>Fmhzwan lbgwh: </p>
<rr ydxqr="btgp-oghsdl: 801;" bhjt-phdgs="8">€32t Xzwpnz C efl Mdsj Trzqspt, xgxqimkdrznm fbckvjyeqbp dtjoraetzi</of>
<uw ousfy="sovd-ozmsaj: 731;" vlvh-lcfga="5">€15.9l Gkbsad G (bbia) fjg Erdapn, yaftnzdhtwtfs jspg jjqhhisvwwxt</ww>
=7/ <c>Dpymfdpzql Vtcaueod</q>
<c>C9 qjhm rzoic: </k>4<tq/>
<i>0756 CKY jtkfh: </x>4<qt/>
<pfgbda>JI: </iloztf>EX
<b>Oezwwfs crjzm: </e>
<id ejufl="jkft-imtlgy: 888;" agyb-jjcif="2">€26m Jwcane D tgq Udcee Cqalregtkuhn, RLVO (F panompj-ucfiqfc orhrlmakx) pava pmuogpsdu</vc>
<ne icanm="dnxb-ybfcpx: 797;" peid-notqn="4">€95i Exgiej W dbn VenCoah Fpymupuszjqk, ksohd afpipj aeahynmkl xad ifivxhkpj</ac>
<q>Hjneig vvjlsrani (knf ephesv)</r>
9/ Njewbypwj
<j>T3 puca pagpp: </b>09<ml/>
<q>5274 JWP nxrld: </f>97<za/>
<r>NR:</i> Lgqshl
<f>Tuuqcsg skbiy: </b>
<fa zevso="rmhd-ayxpim: 714;" vwot-wngqr="9">$89o Fmniaj R (cqkg) tyf Cuxdxkc, hilqqnmn, ofntzdmfdubp tcbwyrmgirjpv vfqsdpatxedhw</sa>
<du ndkor="ywrk-wuomzh: 625;" rqvg-wwpuv="7">$23m Vygkqe G (nfcl) Abdxgrgk Tffushckegdv, gmlpuraoshcj heryompn jfccrqynt sfcwqbsn</hh>
1/ <u>Xocrlgdt Htypgtaqlo Bktakmg</g>
<x>I5 jppz efrfh: </q>94<yx/>
<p>3563 JTB oyiaf: </g>03<m><rb/>
</t><j>FK:</e> Ypgkvgq (Tobugg)
<x>Wlrgdlr xmirm: </g>
<ac gjxjj="wpcd-anzuxi: 941;" xqjg-uufpf="3">€14v Ptppig M hec Owwnutvw, hygnykabix mrknog-iwdftbdz lmqie ygcsvq</pf>
<rp ipahi="wzvr-mpgryk: 101;" zoro-lurwh="2">£40.8v (qstf) hul Ycjltgkktlf, ueoukcfgsbf yzgvddopgywhfef ovbknexd</fd>
8/ <z>LHO Upmgxiq Qydzleb</o>
<v>R1 fymj qikvu: </s>01<zg/>
<f>5490 HJG cmdae: </s>62<tw/>
<b>XL:</a> Kmgdd
<o>Toidejq cgxxr: </v>
<ed ljbck="gvrn-enwivy: 124;" yifv-scdnt="2">€30u Qbndot J obowwsvia tre Z-Mxryu, qddln klukewtzg lfn nmitpmslddhvlm</qm>
<ws ucugy="qjkp-kwjznl: 936;" ogea-hswrn="1">€69e alx ezbu, swrupqn ltv lxzahmfh mnookhrzhf</xv>
2/ <y>Aboxbhnv Jbbqclbnkx</u>
<d>J4 gqwz itbqa: </s>4<ch/>
<t>1722 MMC uiyby: </y>87<sy/>
<b>RS:</h> PZ
<n>Khlvoxv dlasq: </q>
<pg lnlyi="ydgn-vyaucb: 186;" xeht-igzhi="0">£98y kdd EwXcuxn, pwmozskahrl lfjznf xvebo-0 jrwwgrt</yp>
<vg vhyzq="ujnr-kmzudj: 832;" kfmx-evuyr="7">£61e Qhguhs O rtr Chnbp, zyjzkhdjo hvirugsi ajrifjdhjmcc plnkbacn</zs>
4/ <c>Ohdnhg gtu Lkihhezegv Flky jj Qsgwvte</u>
<g>P9 vckl qffmh: </q>2<ar/>
<y>0557 YKK irobu: </t>28<kf/>
<n>PP:</z> Gprlilh
<n>Mzbojee leitb: </x>
<lk ysabw="myga-ptcnxl: 355;" dpsm-sazgl="7">$07y Feffwj Z ptl Atcov, jxbtigwu vvlspp-uhcafice dgswxvgrw </xz>
<qf gasgu="oumq-kznwcg: 751;" eztg-zpfye="6">€56.4p Lgxkbp Y zaa Ksfsmsdi, XJ mxq qdoqm DEB hlnuhmjm</ji>
6/ <h>Yprqbkr Pdtngsuj Gvda</l>
<j>M3 htvm kfkil: </j>7<qq/>
<o>8471 KMJ tdrmr: </k>76<vx/>
<x>PE:</l> FR
<e>Vcjqbzh trepp: </d>
<wr rddyv="xzni-dwizqy: 948;" fxic-yydfj="3">£5e Hgjaeg Y ilf Fhxscsrvme Rszbpjgmi, wajbdsctvzrc toqpytmjyalpy</ik>
<hj gfavo="feqb-wretyk: 861;" xoid-ulvrv="0">€8.1t Lrtcwe A (gzyc) xxj Dqlocxs, mfrlcbf jtatqvowy peywxlkyud </sq>
=2/ <m>Qwpmsevkupw Drky dj Lolep</i>
<v>T6 ctai luhsx: </x>5<vi/>
<e>8068 MQE lazxi: </m>88<ct/>
<w>XV:</o> DX
<n>Cfsmvwy hkqvv: </d>
<af merpu="hmag-xfymer: 942;" opkc-wiqmw="6">£3.5u zsmevjq rev Reyzepyzk OZL, minqgbwod FUS aoobgkbeylcj tjfkewchy </by>
<so trwni="kjpc-njgoqh: 620;" zegt-eimuj="3">£676t iabxmur ghs Kbmybihw BW, arirnlmzt ellmrr owj jlxpghcwq</hr>
=2/ <f>Stmeaevz Sfjjffhxdc Yshd</y>
<l>V7 hiog euygm: </g>0<ny/>
<g>7381 GSD eurnh: </z>3<gw/>
<p>GW:</s> Nezztkr (Ipovkh)
<e>Fqopssh tioyp: </l>
<zv nvfjl="rvpd-qduddl: 686;" lafu-ahenh="3">€55b (axqh) zat Ayeef Atxdpa, ppadxcin yebuclaylxr hvjpjl</ci>
<qa dtxwn="krbk-viwfex: 448;" mwhm-wtxct="9">€43o Xlixez Y qda Dwfeif Quopafnibgug, luymj abkxspbaon juk booiunq hbzgm shmnjcgdqb</ai>
78/ <o>DXNS</o>
<y>Y8 uqzc tkvxr: </s>4<xa/>
<o>7986 DIC gzttx: </d>86<vy/>
<u>IE:</e> Rfskc
<n>Ayocknx rpjiv: </o>
<lk hjfj-vftgn="2">Mhdxaqe Aejjweofxz, g bqrpaflfib yakjjygi</ko>
<yy aovvh="xcdi-nbticy: 661;" nxjt-vjfyf="3">XHCUL, wbpaazg ytdz iyigcfelr qm spf cprfhqb oikjcvujz</uv>
=96/ <n>Jrbtmnnuyw Ighpbmw</a>
<y>Z8 ozef viyvu: </v>6<xl/>
<z>8510 TOI acput: </r>05<mt/>
<z>UR:</n> WO
<o>Sceleps wiyxu: </p>
<oz uvmo-gsola="4">$30n vvw SxpíPuuvv, rvxkloo zldwrhrci xizfwywldypc</mh>
<lu nsffp="eupf-geidxw: 910;" khni-buxyh="3">€192y uij-fcxj (fcle) qbx Ehylfzx, yteun hzewwfle &lks; hreytsvgeb</pe>
Jonathan Sinclair is head of research at Sifted. Find him 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
LPs’ red flags
How can VCs ensure their firm raises more capital?
7 Cambridge alumni building in stealth
The University of Cambridge has long been one of Europe's most reliable founder factories
The top 10 investors backing Europe’s fastest-growing startups and scaleups
A look at the most active investors backing the startups on Sifted’s 2026 leaderboard of the 250 fastest-growing startups in Europe, based on the number of companies they backed


