New Deals 2024

8. March 2024

Tech VC / Growth Capital Deals

In the DACH region, we saw more than 200 VC deals in the first two months of 2024. The total capital invested amounted to EUR 1.3 billion with an average post-money valuation of EUR 22 million. The capital came from 390 investors.

Top 10 transactions by volume

CompanyRound SizeTotal Capital Raised# InvestorsVertical
mEUR
Everphone27052123Telco
NexWafe15025314EnergyTech
Timeline (Biotechnology)601049BioTech
Infinite Roots588319FoodTech
Argá Medtech54547HealthTech
Aktiia376314HealthTech
Sygnum Bank3614820FinTech
Kittl334612MarTech
icotec28281HealthTech
Aeler273410SupplyChainTech

Source: Pitchbook – as of 29.2.2024

Tech M&A transactions

Since January 2024, over 300 tech M&A transactions with a total volume of EUR 3 billion have taken place in the DACH region. The average company valuation was EUR 74 million. The largest transaction was the sale of electronic components manufacturer EA Elektro-Automatik from Bregal to Fortive.

Top 10 transactions by volume

TargetSellerBuyerDeal Size (EUR Mio.)% Shares
EA Elektro-AutomatikBregal UnternehmerkapitalFortive1,585100.0%
Webasto (Charging Business)WebastoTransom Capital250100.0%
Kelly (European Staffing Business)Kelly ServicesGi Group Holding130100.0%
KatekPrimepulseKontron128.859.4%
Global BlueAnt Group, Certares, CK Opportunities Wolverine, Far Point Acquisition, Knighthead Capital Management, Silver Lake, Third PointTencent Holdings91.1100.0%
SUSS MicroOpticsSuss MicrotecFocuslight 80.7100.0%
CubicureAM Ventures, B&C Private Foundation, Gewinn, Horizon 2020 SME Instrument, Rudolf Sallinger Fonds, Vienna Economic ChamberAlign Technology79100.0%
HOTSPLOTSGründerAmundi Private Equity Funds, Bpifrance, Capza, Socadif, Wifirst30100.0%
PowercloudGeneral Atlantic, Karemha HoldingHansen Technologies26100.0%
Wiz-TeamGründerEndeavor21100.0%

Source: Pitchbook – as of 29.2.2024

Press Contact

Franziska Wolfgram
f.wolfgram@atares.team
+4989 – 38888-124