European technology startups secured €6 billion in funding throughout October, marking a significant slowdown compared to the €15.8 billion raised in September. The total number of deals reached 288, representing a 4 percent decrease from the previous month, while the overall investment value dropped by approximately 62 percent.
Among the recorded transactions, 10 companies successfully raised more than €100 million each, while the financial details for 42 deals were not disclosed. The largest funding event involved the British AI chip developer Fractile, which secured approximately £577 million in a Series C round to advance its work on AI inference hardware.
Healthtech emerged as the primary sector for investment, accounting for 21.8 percent of the total funding volume, which equates to €5.2 billion. Geographically, the United Kingdom maintained its position as the leading market in Europe, attracting €2.6 billion across 75 separate transactions.
The European technology ecosystem saw stable exit activity during the month, with 39 transactions recorded. This figure matches the total number of exits observed in September, indicating consistent performance in this segment of the market despite the broader decline in venture capital funding.
