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Home » Outlook ‘very promising’ for European firms on Q2 funding surge
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Outlook ‘very promising’ for European firms on Q2 funding surge

Aug. 16, 2024
By Nuala Moran
European biopharmas saw a huge surge in new funding in the second quarter of 2024, raising a collective $4.1 billion, compared to $1.9 billion in the same period of 2023. With the IPO market in Europe still virtually non-existent, $1.45 billion of this was venture capital, while $2.64 billion was raised in follow-on funding. The majority of VC funding was raised by companies in five countries, with $799.6 million raised in the U.K., $272.5 million in Switzerland, $201.8 million raised in Germany, $59 million in France and $25.7 million in Sweden.
BioWorld Analysis and data insight Financings Seed IPO Europe

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