August European tech funding falls 63% as dealmaking slows

European tech funding slowed sharply in August, with companies raising €3.2 billion across 165 funding deals. Compared with July, when €8.6 billion was invested across 267 rounds, total funding fell by around 63 per cent, while deal volume declined by approximately 38 per cent. Companies Out of 165 deals in August, 10 companies raised more than €100 million each.