GenAI and energy investment propel European VC to $30B - Silicon Canals
Briefly

European tech investment reached nearly $30B in H1 2024, driven by mega rounds in Energy and Generative AI. Late-stage investment saw an 8% increase to over $5B in both sectors.
Generative AI had a record quarter with $2.6B raised. AI investments now account for 18% of all European funding, with Generative AI making up 10% of VC funding.
Energy sector led in funding with $5.6B in H1 2024. Hydrogen companies secured significant investments, with HysetCo raising €200M and TES raising €140M.
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