Venture Pulse Report Q1 2024

The number of venture capital deals in Europe has fallen significantly, from 2,419 deals in the fourth quarter of 2023 to 1,798 deals in the first quarter of 2024. While deal volumes have fallen sharply, deal sizes have remained fairly stable.

This is shown in the new Venture Pulse Report from KPMG, for which global venture capital investments are regularly analysed. With in-depth analyses and insights, our report offers valuable insights for investors, entrepreneurs and decision-makers worldwide.

The geographical diversity of VC investments also remained strong in the first quarter, with eight countries in the region recording at least one financing round of over USD 100 million. These countries include Sweden, the Netherlands, France, Germany, the United Kingdom, Spain, Israel and Italy.

While AI attracted the largest share of investment globally, cleantech investments accounted for many of the largest deals in Europe in the first quarter of 2024. These include financing rounds by Sweden-based H2 Green and Alternative Energy Equipment, German company Sunfire and French company Electra.

ESG topics also continue to attract the interest of VC investors, partly due to regulatory requirements.