In H1 2024, European tech investment has propelled to nearly $30B, driven by mega rounds for energy and Generative AI companies, reveals data from Dealroom.

This is up by 12 per cent compared to the same time last year, signalling a strong return to growth for the European tech ecosystem. 

Strong quarter for Generative AI and Energy sector

Generative AI had its strongest quarter on record, with $2.6B raised across multiple companies.

Meanwhile, the Energy sector remains the most funded in 2024, with a total of $5.6B raised.

Late-stage investment has seen an 8 per cent year-on-year…