Record-breaking tech investment in Europe: Over €3.1 billion poured into tech industry in the opening week of July
Last week saw a flurry of activity in the European tech industry, with over 100 events tracked, including funding deals, exits, M&A transactions, rumors, and related news stories. The total value of these deals exceeded €3.1 billion.
The tech sector collectively secured €6.5 billion across 323 deals in June, marking a slight decrease from May's 341 deals. The sector that took center stage was fintech, with a total of €957.1 million in deals. However, it's important to note that the increase in deal value in June was not solely due to the fintech sector.
The software sector, while attracting less investment than in May, still saw €957.1 million in deals. The UK, in particular, raised €1.8 billion in June, up from €1.4 billion in May, making it the highest value of deals in a single month this year.
Interestingly, the total value of deals in the fintech sector in June was lower than the software sector's value in May. Despite this, the fintech sector remained active, with several notable funding activities around that time.
For instance, Project A, a VC fund that supports tech startups, including fintech companies, across Europe, raised a $375 million fund in June 2022. Another notable company is Mollie, a leading European fintech company, which completed a Series C funding round in June 2021, securing €665 million.
While specific details about the top fintech funding deals in Europe during June 2022 were not provided in the search results, these examples underscore the ongoing growth and vitality of the fintech sector in Europe. For precise top fintech funding deals in June 2022, financial news or databases might be needed to access detailed historical funding data.
Over 85 tech funding deals were tracked last week, demonstrating the continued interest and investment in the European tech industry. As we move forward, it will be interesting to see how these trends continue to evolve.
The fintech sector, despite a lower total value in June compared to the software sector's value in May, remained active with several funding activities, such as Project A's $375 million fund raise in June 2022 and Mollie's €665 million Series C funding round in June 2021. Technology and finance continue to intersect significantly in the European industry, as demonstrated by the collective €957.1 million in fintech deals secured in June.
