The news: Europe’s AI startups attracted $8 billion in venture capital in 2024, making up 20% of all VC funding in the region. The UK leads the pack, followed by France, Germany, and Nordic countries, per TechCrunch.
Rising AI venture capital in new regions signals the AI industry’s decentralization. The recent popularity of China’s DeepSeek may drive a flurry of startup investments pushing for innovation.
By the numbers:
- Seventy percent of Europe’s AI investments are going to early stage startups, which means growth stage (seed to series B) investment remains limited.