Plug and Play Tech Center has topped the list of the most active investors in European AI since 2020 as momentum for the vertical accelerates.
In Q1, for the first time, AI and ML topped SaaS in terms of deal value, ranking behind only fintech. As of May 27, €7.5 billion had been invested across 961 deals, according to PitchBook data. At the current pace, deal value is projected to surpass 2022’s peak of €18.3 billion.
The vertical has seen several mega-rounds close this year, including a $600 million round for London-based Isomorphic Labs, which uses AI for drug discovery, and UK-headquartered video platform Synthesia‘s $180 million Series D.
Here are the 10 most active VC investors in AI and ML since 2020, according to PitchBook data.
Featured image by Bertrand Guay/Getty Images
Learn about our editorial standards.
