European VC investment increased by 5% in Q1 2024, reaching $13.7bn, driven largely by the energy transition. Energy was the top sector, with $3.1bn raised, while deep tech and climate tech companies together raised 27% and 26% of total funding.
Dutch startups like Picnic and Mews led Netherlands' funding success in Q1, contributing to a total of $1.3bn raised. The UK topped the chart with $3.9bn, although London's investment was down by 18%.
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