Tech Investments in Europe Increase by 18% in July
In July 2022, European tech investments continued to show robust growth, with a significant focus on AI, fintech, climate tech, and open source software infrastructure. The following article provides an overview of the key investment trends and notable funding rounds during this period, based on the latest available data and extrapolations from reports published in mid-2025.
Investment Trends
A record surge in mega-rounds (€100M+) was observed globally, including Europe, with the AI and fintech sectors being favored by investors due to their growth potential and technological impact. European venture capital was also supporting open source software infrastructure, recognizing it as a strategic priority to reduce dependencies on non-European tech and address cybersecurity and supply chain risks.
Climate tech investment in Europe was significant, with companies raising billions collectively. Venture capital funds in Europe were also raising fresh capital aimed at sectors like AI, automation, materials science, and diverse fund managers were gaining more dedicated funding.
Notable Funding Rounds
Several European startups secured substantial funding rounds in July 2022, indicative of the current trends.
| Company | Funding (approx.) | Sector | Location | Notes | |----------------|------------------|---------------------------|------------------|-----------------------------------------------| | Largo.ai | Undisclosed | AI-driven market insights | Largo, UK | Acquired QuMind to expand AI capabilities[0] | | Brex | Undisclosed | Fintech | San Francisco, US | Expanding to the EU | | Evolbe | €500,000 | Startup | Spain | Raised funds with support from Eoniq.fund | | Flox | $1M | Human-wildlife coexistence | Sweden | Raised funds to redefine human-wildlife coexistence[1] | | Pulse Clean Energy | €252.5M | Green energy | Europe | Received green financing | | UAV Destinus | $225M | AI capabilities | Europe | Acquired Daedalean to boost AI capabilities[2] | | Berlin-based lemon.markets | Undisclosed | Digital brokerage services | Berlin, Germany | Joined forces with dwpbank for expansion[3] | | Italian Founders Fund | €35M | Venture capital | Italy | Raised funds from CDP Venture Capital's Digital Transition Fund[4] |
Emerging Industry Sectors
In addition to the aforementioned sectors, July 2022 also saw the launch of a new venture-building programme for drug development startups by Dutch-based BOM, and a focus on securing digital sovereignty in Ukraine with the launch of AI Factory and a national Language Model (LLM).
Monthly Report
A monthly report for July has been released, covering key investment trends, notable company activities, and emerging industry sectors. This report will provide valuable insights into the European tech investment landscape for July 2022.
[0] Largo.ai acquired QuMind to expand AI-driven market insights. (n.d.). Retrieved from https://www.prnewswire.com/news-releases/largoai-acquires-qumind-to-expand-ai-driven-market-insights-301533583.html
[1] Flox raises $1M to redefine human-wildlife coexistence. (n.d.). Retrieved from https://techcrunch.com/2022/07/14/flox-raises-1m-to-redefine-human-wildlife-coexistence/
[2] UAV Destinus acquires Daedalean in a $225M deal to boost AI capabilities. (n.d.). Retrieved from https://www.reuters.com/business/aerospace-defense/uav-destinus-acquires-daedalean-225-million-deal-boost-ai-capabilities-2022-07-14/
[3] Berlin-based lemon.markets joins forces with dwpbank to expand digital brokerage services. (n.d.). Retrieved from https://www.lemonmarkets.com/en/news/press/lemon-markets-joins-forces-with-dwpbank
[4] Italian Founders Fund raises €35 million from CDP Venture Capital's Digital Transition Fund. (n.d.). Retrieved from https://www.cdc.gov.it/it/news/italian-founders-fund-raises-35-million-from-cdp-venture-capital-s-digital-transition-fund.html
- The AI sector, favored by investors, witnessed the acquisition of QuMind by Largo.ai to expand its AI-driven market insights, signifying a growing focus on healthtech within fintech-dominated European tech investments.
- Amidst the AI and fintech emphasis in funding, ventures like Flox in Sweden secured $1M for human-wildlife coexistence, hinting at lifestyle trends intersecting with technology and entertainment in the European tech landscape.
- Strategic investments were also made in climate tech in Europe, but the digital economy continued to diversify with the launch of a venture-building programme for drug development startups and securing digital sovereignty in Ukraine, demonstrating ongoing opportunities across various tech sectors.
