According to the Tech.eu database, European tech companies raised €4 billion over the course of October 2024. This figure is nearly the same as last month when European tech companies raised €4.2 billion in September. Compared to October 2023, however, the amount has risen by nearly 20 per cent, as European tech companies raised €3.4 billion during that month. Verónica Trapa, General Partner at Swanlaab Venture Factory, commented on the October numbers within the European tech investment landscape in our October Tech.eu Pulse, a compact version of the monthly report:At Swanlaab, we clearly see Europe’s growing momentum in innovation. Strong investments in energy, healthtech and fintech show a market aligned with global challenges, while the UK, Spain and Lithuania exemplify a diverse, interconnected landscape. Steady MA activity signal enduring confidence in European startups and we anticipate continued growth across sectors, driven by Europe’s commitment to impactful, sustainable innovation.For her more detailed review as well as more in-depth analyses of the European tech ecosystem, including industry and country performance, exit activities and more, check out our October report.And here is the list of 10 biggest European tech deals in October which collected together around 60 per cent of the total amount collected this month

Austria's tech ecosystem characterizes a collaborative community of accelerators, incubators, and coworking spaces that provide essential resources and mentorship to budding entrepreneurs. Additionally, with its strategic location, excellent quality of life, and highly skilled workforce Austria becomes an attractive destination for tech talent from around the world. As the Austrian tech ecosystem continues to evolve, it remains committed to sustainability, digital transformation, and driving economic progress through technological excellence. Here are ten companies that contribute to the development of the ecosystem