European tech funding declined sharply in April as investors became increasingly selective, despite stable deal volumes. The continent recorded 290 funding deals totaling €5.1 billion, compared to 292 deals worth €7.5 billion in February. While deal numbers fell just 0.7 percent, total capital dropped 32 percent month-over-month. The figures suggest venture capitalists are maintaining deal activity but deploying significantly less money per transaction, signaling a more cautious approach to European tech investments.
In-Depth:
April data points to a more selective European tech funding environment, with stable deal flow but a noticeable drop in capital compared to March.
The ecosystem recorded 290 funding deals and €5.1 billion in total capital raised, compared to 292 deals and €7.5 billion in February, representing declines of around 0.7 per cent and a 32 per cent decline, respectively.
