European venture capital funding is skyrocketing and has reached a milestone in the most recent quarter. As per a new study by Dealroom, European startups (excluding Israel) have raised €8.7 billion, which is a 44% increase as compared to the same period last year. However, it did not surpass the funding raised by the European startups in the second quarter of the year, which is a record high of €9.3 billion.
Among the investment raised by European startups, a majority has been obtained by companies in the UK, Germany, and France. And, the overall funding raised by the companies this year so far is already all set surpass the €28 billion raised back in 2018 and we have a quarter left.