In July, European tech companies raised €9.3 billion across 355 deals, marking a 43.1% increase from June’s €6.5 billion and 323 deals. The UK strengthened its leading position, securing €5.9 billion in July, up from €1.8 billion the previous month, representing a 227.8% increase. In terms of sectors, telecom was the most funded, raising €2.8 billion, nearly tripling fintech’s total of €957.1 million in June. Six of the top ten transactions were debt-based, with CityFibre’s €2.6 billion (debt+equity) round in the UK telecom sector leading the month. Other significant debt deals included Electra and Zenobe Energy in the energy sector.
Michael Buchinger, a VC at Rethink Ventures, provided commentary in the July Tech.euPulse report, a brief version of the monthly review. Rethink Ventures focuses on early-stage logistics and mobility investments, where infrastructure aligns with high-tech. In July, they invested in Pyck, a German logistics software company leveraging AI to reduce warehousing costs by up to 60%. As an early-stage fund, they see meaningful innovation in mobility and logistics just beginning, with companies solving real industry problems with scalable, future-proof technology. They are proud to support founders building category-defining platforms and remain optimistic about future opportunities.
For more detailed analysis on the European tech ecosystem, including industry and country performance and exit activities, refer to the July report.
Displayed are the ten largest tech deals in Europe from July, representing about 63% of the month’s total funding. The list includes prominent deals with companies such as CityFibre, Propel Finance, Electra, and more, providing insights into their operations and the financial support they have attracted.