European Tech Landscape Buzzing with Funding Deals and News: Q1 2024 Roundup

This week, Europe has been buzzing with tech funding deals and news. Our research has uncovered over 55 deals totaling €629 million, including over 10 exits, M&A transactions, and rumors. Additionally, we have compiled the most important industry-related news items for you to stay up-to-date.

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Here are some notable funding rounds from this week: Pigment raised $145M in a Series D round, BlaBlaCar secured a €100M credit facility, and Scayl emerged from stealth with €100M in funding for its fintech lending platform.

In terms of acquisitions and mergers, Wakelet acquired Bulb, Easop was acquired by Remote to boost its HR SaaS capabilities, and DI Group from Stuttgart took over a majority stake in finance, baby.

Investors made interesting moves this week as well: Seedrs targeted the sports sector with its latest investment, Empirical Ventures raised £8.25M for deep science initiatives, and Main Capital eyed Sweden with a SEK 28 billion investment.

Q1 in 2024 proved to be a resilient quarter for European tech companies despite the challenges faced by many businesses during the pandemic. Eighteen European mobility companies collaborated to drive transport innovation during this time. Meanwhile, the UK experienced an AI company incorporation boom.

For recommended reads and listens, check out the latest articles on ten German startups to watch