New hope for European tech? VC funding rises to $29B in first half of 2024

Whisper it, but startup funding is showing signs of a rebound. Venture capital investment in Europe has risen by 12% so far in 2024, according to Dealroom. By June, the financing for startups and scaleups had reached $29.3bn. If the current spending rate continues, this year will become third-most active ever for VC in the continent. The leading industry for investment is energy, which raised $5.6bn during the first half of 2024. This continues a trend from last year, when energy companies topped the funding charts in every quarter. There have been shifts, however, in the sector’s biggest targets. Hydrogen companies…

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