More than 60 tech funding deals worth over €2.7 billion were tracked in Europe last week, with artificial intelligence, healthtech, and software being the top industries. Germany, Sweden, and the UK led the countries with the most funding. The Tech.eu Funding Explorer provides deeper insights into funding data, investor activity, and market trends.

This week, Helsing secured $1.8B Series E funding at an $18B valuation, while Uber acquired Delivery Hero in a €13B deal and Revolut announced plans to launch a US bank in 2027. These developments highlight significant investments and acquisitions in the European tech industry. The funding landscape is shifting, with notable trends in venture activity, investor moves, and emerging sectors.

Contrary to popular belief, the surge of billion-dollar 'seed' rounds in AI doesn't guarantee venture-like returns. Drawing parallels with biotech's history of capital-intensive startups, new data suggests that only a tiny fraction of mega-funded first rounds deliver exceptional investor outcomes, challenging the perceived rewrite of the venture model.

Europe posted its strongest venture funding quarter in four years, with $24 billion raised in Q2. The UK gained significant share, raising over $10 billion, and M&A activity picked up. AI-centric companies, including those spun out of Google DeepMind, drove large rounds.

Quantum Systems has raised $1.2 billion at an $8 billion valuation, while IQM becomes the first European quantum company to list on a major US exchange. This development is part of a larger trend of significant funding and investment in European startups, with over 55 tech funding deals worth over €1.6 billion in June. The European startup ecosystem is experiencing rapid growth, with notable acquisitions, mergers, and investments in various sectors.