These companies raised the 10 largest European funding rounds in H1 2024: All are hiring right now 

In this rapidly evolving world of technology, securing capital can be a crucial factor in determining a company’s success or failure.

Generally, investment rounds not only provide the necessary capital for growth but also validate a company’s potential, attracting further interest from investors and others.

European startups, in particular, have been demonstrating remarkable performance in securing funding and achieving significant growth, making them an increasingly attractive investment opportunity.

As we wrap up the first half of 2024, several tech companies across Europe have made headlines by securing some of the largest funding rounds.

And also many of them are on the lookout for fresh talent!

In this article, we have compiled a list of ten companies that raised the most significant funding in H1 2024.

Wayve

Fundraised: $1.05B

CEO: Alex Kendall

HQ: London

Hiring status: Yes| Apply here

Wayve is a developer of Embodied AI technology for automated driving.  It will allow autonomous vehicles and other applications to coexist safely with humans, enabling individuals to concentrate on what truly matters in their daily lives. 

The company has developed foundation models for driving autonomy, similar to GPT, that empower vehicles to drive safely through diverse environments.

HR Path

Fundraised: €500M

Founder/s: François Boulet and Cyril Courtin

HQ: Paris

Hiring status: Yes| Apply here

HR Path is a human resources company that assists clients in all aspects of HR digital transformation. It provides consultancy services, HR systems implementation, and payroll outsourcing to help companies optimise their HR functions.

Abound

Fundraised: €0.9B

Founder/s: Gerald Chappell, Dr Michelle He

HQ: London

Hiring status: Yes| Apply here

Abound is a financial service that uses Open Banking and artificial intelligence to provide borrowers with more affordable loans than traditional lenders. The fintech company does this by using its AI technology — Render. 

Render scans customers’ bank transaction data to understand each person’s unique financial situation and determine how much they can repay each month. 

Mistral AI

Fundraised: €468M

Founder/s:

HQ: Paris

Hiring status: Yes| Apply here

Mistral AI is a platform that assembles teams to develop generative AI models. The French company specialises in open-source software for chatbots and generative AI tools.  Its founders have experience working on large language models similar to those developed by OpenAI.

Monzo Bank

Fundraised: €397.91M

CEO: TS Anil

HQ: London

Hiring status: Yes| Apply here

Monzo is a digital bank that aims to build banking by creating a smartphone-centric and contemporary banking experience. The bank collaborates with customers to co-create tools that empower them to manage their finances.

Highview Power

Fundraised: €356.50M

CEO: Richard Butland

HQ: London

Hiring status: Yes| Apply here

Highview Power has developed its LAES technology which can store renewable energy for up to several weeks, longer than battery technologies. It is ready to be deployed across key grid locations at scale today.

The company’s technology will also provide stability services to the National Grid, which will allow for the long-term replacement of fossil fuel-based power plants for system support.

Picnic

Fundraised: €355M

Founder/s: Michiel Muller, Frederik Nieuwenhuys, Joris Beckers, Bas Verheijen

HQ: Amsterdam

Hiring status: Yes| Apply here

Picnic is an online supermarket with a sustainable model, offering free doorstep delivery and competitive prices for groceries. 

Customers can choose convenient delivery times tracked down to the minute. The innovative distribution method incurs such low costs that delivery is offered free of charge, and the groceries are competitively priced. 

Electra

Fundraised: €304M

CEO: Aurélien de Meaux

HQ: Paris

Hiring status: Yes| Apply here

Electra is a European charge point operator. The company operates a network of fast charging points, aiming to facilitate the widespread adoption of electric vehicles through a rapid and high-performing charging infrastructure.

Electra has earned the trust of major corporations such as Vinci Autoroutes, Stellantis, G7, AccorInvest, LSGI, Altarea, Indigo, Louvre Hotels Group, Primonial REIM France, Groupe Chopard, Jardiland, and even the Delhaize Group in Belgium.

Electra operates in France, Belgium, Luxembourg, Italy, Switzerland, Austria, Germany, and Spain and is committed to expanding its network to 15,000 fast charging points by 2030.

H2 Green Steel

Fundraised: €300M

Founder/s: Vargas Holding

HQ: Stockholm

Hiring status: Yes| Apply here

H2 Green Steel claims to be at the forefront of green steel production. 

The company employs a fully integrated process incorporating end-to-end digitalisation, electricity from fossil-free sources, and green hydrogen as an alternative to coal. 

Focused on decarbonising industries, it produces steel with up to 95 per cent lower CO2 emissions.

Quantinuum

Fundraised: €276M

CEO: Rajeeb Hazra

HQ: Cambridge, England

Hiring status: Yes| Apply here

Quantinuum pioneers powerful quantum computers and advanced software solutions.  The company’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI.  

Quantinuum is also at the forefront of developing Quantum Natural Language Processing, which will help enable the next generation of AI to be scalable and fit for purpose.