Venture capital deals in Europe reach all-time high: $33 billion in Q2

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In the latest report by TheVentureCity, a team of operator investors investing internationally in software companies, Europe managed to hit new funding high in Q2 of 2021, with a total deal value of $33 billion.

Over the past ten years, the continent has seen an increase in venture capital funding, growing sixfold to reach $24 billion in 2020 and seeing 1.5 times the growth rate experienced in the US.

The report, which emphasizes venture capital activity in the United States, Europe, and Latin America, cited healthcare, financial services, cybersecurity, eCommerce, and deep tech AI as the sectors that received most of the late-stage funding.

What happened in Q2?

In the second quarter, 235 global venture-backed companies had an IPO. One of the most highly valued of these is Oatly, a Swedish food and beverage company that produced alternatives for dairy products from oats, made the top 8 with a valuation of $10 billion.

The largest acquisition in Q2 was by America Tower Corporation when it paid $7.3 billion to get Telxius, a Spanish telecommunications service provider.

A surge in data exchange and storage during the pandemic has increased cybersecurity threats, leading to a large number of cybersecurity startups around the world, with Europe’s standing out.

The rest of the report

Ledge, based in France, is a digital asset security provider that raised $380 million in Series C funding in June.  Meanwhile, Spanish Internxt has ambitions to be the Coinbase of decentralized storage, raising $1 million in the Seed round.

One of the companies doing well is Bfore.ai from France, backed by TheVentureCity. It uses AI to hyperscale observation infrastructure and modern APIs to provide AI-predicted malicious domain lists before they are active,

Europe, the report says, is seeing a historic boom in startups, with the upward trend expected to continue.