Despite a decline in deal activity, May saw a significant increase in capital invested across European tech compared to April.
A total of 258 funding deals were announced in May, down from 290 in April, representing an 11 per cent decline in deal activity. Despite the lower number of transactions, European startups raised €10.5 billion, more than double the €5.1 billion recorded in April, pointing to a month driven by larger funding rounds.
Companies
Out of 258 deals in May, 15 companies raised more than €100 million each. The value of 31 deals remains undisclosed.
The month's biggest deal came from UK-based data centre operator Pure Data Centres (Pure DC), which secured more than €2.3 billion in debt financing. Together with Nscale's €675 million debt raise, the deals highlight strong investor confidence in the infrastructure needed to support growing demand for AI and cloud computing.
