Welcome to the latest edition of Silverpeak’s Deeptech M&A and Financing Report, providing an in-depth review of European fundraising and deal activity in the deeptech sector.
Key findings:
- With European deeptech financing stabilising at $1bn per quarter, 2024 has seen a surge in large Series C transactions, paving the way for promotions from the extensive pool of near-term European deeptech unicorns.
- M&A trends present a mixed picture: the $9.3bn deal value in 2024 signals overall market health, however it masks the lowest sub-$1bn EV deal value year since 2020. A recent surge in public company valuations offers a promising leading indicator for strategic M&A in 2025.
- With evidence of time-to-exit aligning with fund lifecycles and deeptech achieving premium exit valuations, European deeptech remains a strong investment opportunity.