European tech funding in July reflected a market where capital remained resilient despite a slowdown in deal activity.
A total of 267 funding deals were announced, down from 293 in June, representing a 9 per cent decline in the number of transactions. Despite fewer rounds, European startups raised €8.6 billion, slightly more than the €8.3 billion recorded in June.
Companies
Out of 267 deals in July, 14 companies raised more than €100 million each. The value of 35 deals remains undisclosed.
The month's biggest deal came from Germany-based Helsing which secured a $1.8 billion Series E at a $18 billion valuation.
