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Venture funding in Europe fell to $45B in 2024, says Atomico
Funding for European tech appears to have stabilised in 2024 after dropping precipitously in 2023, but the signs continue to point to more tough times
The annual survey — produced by European VC firm Atomico — notes that startups in the region are on track to raise $45 million this year. Yet there is a lot of sobering reading, too, about some of the challenges of the moment and signs of how geopolitical and economic unrest — despite that shiny stories about the boom in AI — continue to weigh down the market. Atomico has been polling founders and investors annually asking how they feel about the state of the market compared to a year ago, and 2024 appears to a high watermark for low confidence.
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