On paper, Q1 2024 looks like a good quarter for investments in Europe, which almost returned to Q1 2022 levels, albeit with a higher average ticket size.
However, the main drivers in Q1 2024 were large loans granted to large scale ups or even established corporations. In particular, this quarter saw significant funding rounds representing cleantech maturation in product development and commercialisation.
In Q1 2024, European tech companies raised €29.9 billion over 970 deals. This number is almost doubled compared to the same period the year before (€14.7 billion raised in Q1 2023), and 10 per cent lower compared to Q1 2022…
