Specifically, it jumped from 1bn in Q1 to 2.4bn in Q2.
The continuous valuation growth of 2024 implies a 12.3% increase for the full year from 2023.
Deal count is following the same upward trend.
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The medial deal size stands at 98.7mn, with AI dominating the largest rounds.
These includefundingrounds from machine translation startupDeepLand Stable Diffusions developerStability AI.
There are now 141 active unicorns in Europe, with eight newborns making the list so far in 2024.
Early-stage median valuations also rose to 17.3 (up 17.3% from 2023).
Pre-seed continues to remain the most resilient part of the market valuation-wise, while late-stage valuations saw small declines.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
