European startups rejoice — VC investment is on the rise again

New data published today by Dealroom reveal that European VC investment rose 5% year-on-year for the first quarter of 2024. What’s more, the Netherlands is showing a particularly strong comeback. Amsterdam funding rose a highly encouraging 107%. Overall, European VC investment reached $13.7bn in Q1 2024, an increase fuelled to a great extent by the energy transition. Energy was the biggest sector for tech startup and scaleup investment for the fourth quarter in a row, having raised $3.1bn in the first three months of the year. The top five energy deals of the period were: Electra — $330mn, Paris H2…

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