European tech startups raise €6B in October as healthtech leads investment

European tech startups secured €6 billion in funding across 288 deals in October, marking a significant slowdown from the strong September figures. The total funding value dropped by approximately 62 percent compared to September's €15.8 billion, with deal volume decreasing by just 4 percent month on month. Of the 288 deals, 10 companies raised over €100 million each.

Healthtech emerged as the top sector in terms of investment volume, capturing 21.8 percent of the month's total funding, amounting to €5.2 billion. The UK remained Europe's leading fundraising market in October, raising €2.6 billion across 75 transactions. Exit activity in the European tech ecosystem remained stable in October, with 39 transactions recorded, matching September's total.