European tech venture capital to pass €10bn mark

European tech start-ups are set to break the €10bn venture capital mark this year for the first time as a number of huge deals helped rack up a total of €3.47bn transactions in the second quarter of the year.

A total of 275 funding rounds was completed by companies based in 23 European countries between April and June this year.

Of the €3.47bn total, more than 30% came from non-European investors many of whom are particularly active in later rounds.