European tech industries experience surge in funding of €6.5B in June due to investor enthusiasm
European Tech Sector Sees Funding Boost in June 2021
The European tech sector experienced a funding surge in June 2021, with a total of €6.5 billion secured, marking a €1 billion increase compared to May. This growth was supported by 13 tech companies that raised over €100 million each.
One of the notable fundraising rounds was Mollie's Series C, which secured €665 million on June 22, 2021. However, specific details about the other 12 companies that raised over €100 million in June are not available.
The total amount raised by these 13 companies remains undisclosed, as does the total amount from 42 deals that did not disclose their values. The number of deals in June was 323, 18 fewer than in May, representing an 18% decrease.
Despite the decrease in the number of deals, the European tech sector continued to thrive. The total number of deals in June represented an 18% increase compared to May, demonstrating a robust and resilient market.
The 270 deals that did not raise more than €100 million in June also contributed to the total funding secured, but the exact amount is not specified. The total number of deals that did not exceed €100 million was 270, making up the majority of the 323 deals in June.
In conclusion, while specific details about the top 13 European tech companies that raised over €100 million in June 2021 and the total undisclosed amount from 42 deals are not available, the European tech sector demonstrated a strong and growing market in June 2021. The total funding secured, excluding the undisclosed deals, was €6.5 billion, marking a significant increase compared to May.
- The €6.5 billion funding secured by the European tech sector in June 2021 indicates a flourishing market, offering ample opportunities for individuals interested in investing in technology-driven businesses.
- This surge in funding, which saw 13 tech companies raising over €100 million each, demonstrates the potential for substantial returns in the European tech sector, attracting the attention of finance enthusiasts worldwide.
