According to the Tech.eu database, European tech companies raised €5.2 billion over the course of November 2024. This figure is 30 per cent higher than the previous month when European tech companies raised €4 billion. Compared to November 2023, however, the amount has decreased by around 8 per cent, as European tech companies raised €5.6 billion that month. RJ Schuurs, Partner at Antler, commented on the November numbers within the European tech investment landscape in our November Tech.eu Pulse, a compact version of the monthly report:We have seen countless examples of startups that focus on capital efficiency and start with relatively small Pre-Seed and Seed rounds go on to raise significant amounts of funding further down the line. This long tail of early-stage startups may not attract the same kind of headlines, but they are the engine room of the European tech ecosystem and represent a critical mass of venture-backed, fast-growth startups whose success will define the next ten years

Tokamak Energy has raised $125 million to advance its fusion energy commercialization and high-temperature superconducting technology, TE Magnetics. The funding round was co-led by East X Ventures and Lingotto Investment Management, with new investors like Furukawa Electric Company and British Patient Capital. This brings the total funding to $335 million since 2009. The funds will support the growth of TE Magnetics and the development of a fusion pilot plant and new fusion technologies.

Tokamak Energy has raised $125 million to advance its fusion energy commercialization and expand its high temperature superconducting technology, TE Magnetics. The funding round was co-led by East X Ventures and Lingotto Investment Management, with new investors like Furukawa Electric Company and British Patient Capital. This brings the total funding to $335 million since its 2009 spin-out from the UK Atomic Energy Authority, supporting growth in fusion energy and other industries.