In the first half of 2024, European tech investment surged to nearly $30 billion, marking a 12% increase from the same period in the previous year. This growth was primarily driven by significant investment rounds in Generative AI companies and the Energy sector. Generative AI had its most successful quarter, raising $2.6 billion, while the Energy sector retained its position as the most funded, securing a total of $5.6 billion. Late-stage investment also witnessed an 8% year-on-year increase, exceeding $5 billion in both sectors. The report highlighted the rising prominence of AI investments, constituting 18% of all European funding, with Generative AI alone contributing 10% of all VC funding. Noteworthy AI investment rounds included Wayve's $1.1 billion Series C and Mistral AI's $503 million Series B. Energy companies, particularly those focused on hydrogen, secured significant investments, with Paris-based HysetCo and Brussels-based Tree Energy Solutions raising €200 million and €140 million respectively. Despite the strong showings in the Energy sector, Fintech and Health also attracted substantial funding, each raising $5.3 billion in 2024. London led the way in VC investment, raising $6.8 billion, followed by Geneva surpassing its 2023 funding total in the first half of the year. The positive trend in European tech investment signifies a promising outlook for the region's tech ecosystem and underscores the continent's potential in driving global technological innovation.