US investor involvement in European venture capital rounds has rebounded to put the year on track for its second-highest level of participation in a decade.
So far this year, 1,603 VC deals worth €27.5 billion (about $29.6 billion) featured investors from across the pond, according to PitchBook data. While deal count is projected to come in significantly below last year’s annual total, the percentage of rounds with US investors has risen.
Some 21.4% of all European VC deals featured US investors compared to 19.5% last year, the lowest percentage since 2020. At the current pace, only 2022 will have seen greater US participation at 22.5%.
Many of the year’s largest European VC deals included US capital. London-based autonomous driving company Wayve’s $1.05 billion Series C featured Microsoft among its backers. French generative AI startup Mistral AI’s €600 million investment was led by US-based General Catalyst.
Here are the 10 most active US VC investors in European deals since 2019.
Featured image by Smith Collection/Gado/Getty Images
Learn about our editorial standards.
