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European tech weekly recap: โ‚ฌ1B in deals and July's highlights

Last week, we tracked more than 35 tech funding deals worth over โ‚ฌ1 billion and 5 exits, M&A transactions, rumours, and related news stories across Europe. ๐Ÿ“Š Our latest monthly report, published l...

European tech weekly recap: โ‚ฌ1B in deals and July's highlights

In July, European tech startups raised a total of โ‚ฌ8.6 billion across 267 funding deals, with significant investment in artificial intelligence. Germany emerged as the leading country in terms of funding, securing โ‚ฌ3.5 billion. AI received the most funding, attracting โ‚ฌ1.8 billion. The month also saw 51 exit transactions, indicating strengthening exit activity.

Notable deals include Olix's $312M raise in the UK, Volta's $300M investment in the UK with backing from Nvidia and Dell, and Moss hitting unicorn status after a โ‚ฌ30M Series C in Germany.

Written by urgent.news from Tech.eu's reporting โ€” not their text. Machine-written โ€” it may contain errors, so check the original before relying on it.

Read the original at tech.eu โ†’

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