"Financing for Tech Companies in Europe to Fall Below Last Year in 2024, but IPOs to Shine"

According to a sector report published by venture capital firm Atomico, funding for technology startups in Europe is expected to remain slightly below last year's levels in 2024, but a window is reopening for new IPOs. There are over 350 companies in Europe valued at over $1 billion. However, data collected by Atomico shows that in the past decade, only 15 European countries have seen IPOs exceeding $1 billion, with nearly half of those located in the UK. This year, venture capital funding for emerging technology companies in Europe is projected to reach $45 billion (€42.7 billion), which is three times the $15 billion recorded in 2015, but less than half of the $101 billion reached in 2021 and just below the $47 billion raised last year. Sarah Guemouri, a director at Atomico, stated, "We are definitely seeing signs of (funding) growth in the second half of 2024, so we expect 2025 to be a year of recovery." The data indicates that the number of IPOs has decreased over the past four years and that in 2024, it will be at the lowest level in a decade, with only 11 so far.