Financing for Tech Companies in Europe Set to Decline Below Last Year's Levels in 2024, But IPOs Will 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 for new public offerings is reopening. There are over 350 companies in Europe valued at over $1 billion. However, data collected by Atomico shows that only 15 European countries have seen initial public offerings exceeding $1 billion in the last decade, with nearly half of those based in the UK. This year, the venture capital funding for emerging technology companies in Europe is projected to reach $45 billion (€42.7 billion), three times the $15 billion recorded in 2015 but less than half of the $101 billion in 2021, and just below last year's $47 billion raised. Sarah Guemouri, an executive at Atomico, stated, "We are definitely seeing signs of (financing) growth in the second half of the year for 2024, so we expect 2025 to be a year of recovery." The data indicates that the number of public offerings has decreased over the past four years and will be the lowest in the past decade in 2024, with only 11 so far.