Annual Report 2024: Private Equity State 2024 and 2025 Outlook: Europe PDF Free Download
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Introduction
This report delivers key insights into Europe's funding scene, highlighting major trends,
notable deals, and leading investors. With comparisons to 2023 and predictions for
2025, it will help you optimize your investment strategy, spot new opportunities, and
make a smart move to adapt in a fast-changing market.
www.dealpotential.comPage 2 | Europe Annual Report – December 2024
The global capital raising is projected to experience a modest recovery following the decline seen in 2023.
Capital raised forecast in billion US$
+4.9% *
*CAGR: Compound Annual Growth Rate
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www.dealpotential.comPage 4 | Europe Annual Report – December 2024
Funding activities
Key industries, verticals
& countries
Chapter 1
annual report 2024
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www.dealpotential.comPage 9 | Europe Annual Report – December 2024
2024 vs. 2023
Key insights into funding
activity trends
Chapter 2
annual report 2024
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www.dealpotential.comPage 15 | Europe Annual Report – December 2024
Top deals by stage
Leading early, middle, and
late-stage companies
across all industries
Chapter 3
annual report 2024
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www.dealpotential.comPage 19 | Europe Annual Report – December 2024
Top deals in top industries
Leading early, middle, and
late-stage companies in
top industries
Chapter 4
annual report 2024
03/04/2024 | Series D | France
23/01/2024 | Series D | Spain
04/03/2024 | Series D | Netherlands
11/04/2024 | Series D | Spain
Deal size US$145M
Deal size US$110M
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Deal size US$80M
www.dealpotential.comPage 20 | Europe Annual Report – December 2024
Leading companies in the software industry in 2024
Top deals by stage IN TOP INDUSTRIES
Early-stage companies Middle-stage companies Late-stage companies
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www.dealpotential.comPage 22 | Europe Annual Report – December 2024
Top deals by stage IN TOP INDUSTRIES
Early-stage companies Middle-stage companies Late-stage companies
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Top deals
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Chapter 7
annual report 2024
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www.dealpotential.comPage 38 | Europe Annual Report – December 2024
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Leading companies by deal size in France across all industries in 2024
Top deals
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www.dealpotential.comPage 40 | Europe Annual Report – December 2024
Leading companies by deal size in Germany across all industries in 2024
Top deals
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2024 vs. 2023
Top deals across the UK,
France, Germany and
Ireland in all industries
Chapter 8
annual report 2024
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Leading investors
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www.dealpotential.comPage 58 | Europe Annual Report – December 2024
Leading investors
Segmented analyses of the UK,
France and Germany-based investors
across industries
Chapter 11
annual report 2024
www.dealpotential.comPage 59 | Europe Annual Report – December 2024
Leading investors
Most active UK-based investors
across all industries
Most active Germany-based
investors across all industries
Most active investors in all industries in 2024
Most active France-based
investors across all industries
Most active Ireland-based
investors across all industries
Number of invested rounds
Number of invested rounds
Notes: Data is as of December 11, 2024.
Number of invested rounds
Number of invested rounds
Across all industries, High-Tech Grunderfonds dominated in
Germany in 2024 with 56 deals, followed by Picus Capital with 25
deals and HV Capital with 24. Meanwhile, in Ireland, Nomad
Capital took the lead with 14 deals, followed by Enterprise Ireland
with 10 and ACT Venture Capital with 6 deals.
Across all industries, Inde
x
Ventures dominated the UK market in
2024 with 66 deals, followed by
B
usiness Growth Fund with 44 and
S
eedcamp with
3
4. Meanwhile, in France, Eura
z
eo led the way with
3
5 deals, followed by Kima Ventures with
33
and
B
pifrance
Investissement with
3
1.
Top 5 biggest deals ever of the most active UK-based investors in 2024
Top 5 biggest deals ever of the most active France-based investors in 2024
X Corp.X Corp.
www.dealpotential.comPage 60 | Europe Annual Report – December 2024
Leading investors
Notes: Data is as of December 11, 2024.
www.dealpotential.comPage 61 | Europe Annual Report – December 2024
Leading investors
Notes: Data is as of December 11, 2024.
Top 5 biggest deals ever of the most active Germany-based investors in 2024
Top 5 biggest deals ever of the most active France-based investors in 2024
X Corp.X Corp.
HVR Software
www.dealpotential.comPage 62 | Europe Annual Report – December 2024
2024 vs. 2023
Most active investors based
in the UK, France, Germany
and Ireland across all
industries
Chapter 12
annual report 2024
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www.dealpotential.comPage 67 | Europe Annual Report – December 2024
Global emerging sectors
Projections for the fastest
growing and largest industries
Chapter 13
annual report 2024
www.dealpotential.comPage 68 | Europe Annual Report – December 2024
Renewable energy
The global renewable energy market is expected to continue its upward growth over the
next years. According to the Group Next Move Strategy Consulting, the market will reach
over US$ 2 trillion by 2030. Environmental concerns regarding fossil fuels, rapid
urbanization, and economic growth in emerging regions are all major factors that are
contributing to the projected market growth.
Forecasting 2025
Renewable energy market size worldwide from 2021
to 2024, with forecasts to 2030 (in billion US$)
Renewable power capacity additions, 2023-2024, with a
forecast to 2027 by scenario (in gigawatts)
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www.dealpotential.comPage 70 | Europe Annual Report – December 2024
Digital health
Forecasting 2025
Revenue in the digital health for different segments worldwide
from 2017 to 2024, with forecasts to 2027 (in billion US$)
Revenue of the online doctor consultations segment worldwide
from 2017 to 2024, with forecasts to 2028 (in billion US$)
Annual value of the wearable healthcare devices market
worldwide from 2020 to 2029 (in billion US$)
AI/machine learning medical device market value worldwide
in 2021 and forecast for 2032 (in billion US$)
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www.dealpotential.comPage 74 | Europe Annual Report – December 2024
Funding trends last 10 years
A decade of change and 2024
insights by round and industry
Chapter 14
annual report 2024
www.dealpotential.comPage 75 | Europe Annual Report – December 2024
Industries and verticals with the highest investment activity in the last 10 years
Funding trends last 10 years
Industries with the most capital
invested in the UK, 2014-2024 Industries with the most capital
invested in Germany, 2014-2024
Number of invested rounds Number of invested roundsTotal deals value in millions (US$) Total deals value in millions (US$)
Verticals with the most
capital invested in the
UK, 2014-2024
Total deals value in millions (US$)
Verticals with the most
capital invested in
Germany, 2014-2024
Total deals value in millions (US$)
Notes: Data is as of December 15, 2024.
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I
the
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2
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industry
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vertical
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the
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highest
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following
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at
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I
billion
I
and
I
cloud computing
I
at
I
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I
billion.
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www.dealpotential.comPage 80 | Europe Annual Report – December 2024
The US and Canada are expected to
surpass other regions in 2025,
reaching US$186.90 billion in capital
raised.
The US is expected to lead again in
capital raised by 2025 among the
selected countries.
Investment projections
2025 forecast for capital raised (in billion US$) 2025 forecast for capital raised (in billion US$)
*CAGR: Compound Annual Growth Rate *CAGR: Compound Annual Growth Rate
2024
22.97
118.22
0.98
3.84
176.91
23.47
119.79
1.00
4.06
186.90
2024 2024 2024 20242025 2025 2025 2025 2025
+2,3%* +5,7%*
+5,6%*
+1,3%*
+2,0%*
Europe Africa Americas Asia Australia & Oceania
2024
78.41
158.98
12.13 7.88
3.84 12.87
79.24
168.30
12.77 8.38
4.06 12.96
2024 2024 2024 20242025 2025 2025 2025 2025
+1.1%*
+5.9%*
+0.7%* +5.3%* +6.3%*
China United States Singapore Israel Canada
N
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www.dealpotential.comPage 82 | Europe Annual Report – December 2024
The US is projected to
lead the market with the
highest number of
contracts, while Europe
is expected to see a
modest increase.
Globally, Asia is expected to continue hitting the highest number of deals
with 17.94 thousand deals by 2025.
Investment projections
The number of deals in thousands for the period 2017–2025
Market size: Regional comparison
www.dealpotential.comPage 83 | Europe Annual Report – December 2024
High-potential investments
Identifying opportunities of
early, middle, and late-stage
companies
Chapter 16
annual report 2024
www.dealpotential.comPage 84 | Europe Annual Report – December 2024
Software industry Biotechnology industryFinancial services industry
Latest deal US$12.38M | Seed
Latest deal US$1.08M | Seed
Latest deal US$14.15M | Series A
Latest deal US$3.46M | Seed
Latest deal US$2M | Seed
Latest deal US$7.07M | Seed
Latest deal US$45.37M | Seed
Latest deal US$33.98M | Series A
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www.dealpotential.comPage 85 | Europe Annual Report – December 2024
Latest deal US$5.4M | Series C
Latest deal US$43.4M | Series B
Latest deal US$110M | Series C
Latest deal US$106.11M | Series C
Latest deal US$5.11M | Series B
Cryptocurrency
Wealth ManagementMobile Apps
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Latest deal US$80M | Series C
Latest deal US$
5M | Series C
Latest deal US$54M | Series B
Latest deal US$30M | Series B
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www.dealpotential.comPage 86 | Europe Annual Report – December 2024
Software industry Biotechnology industryFinancial services industry
Explore more
Latest deal US$50M | Series E Latest deal US$263.74M | Series F Latest deal US$178.96M | Series D
Manufacturing
eWallets & Money Transfer,
Processing & Payment Infrastructure
Mobile Apps
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