European tech funding declines in 2024 but IPO opportunities emerge

European tech funding is expected to decline slightly in 2024, reaching around $45 billion, down from $47 billion last year. This marks a significant drop from the record $101 billion raised in 2021. Despite the funding slowdown, a new window for initial public offerings (IPOs) is emerging. So far in 2024, there have been 11 IPOs, the lowest in a decade, but several companies, including fintechs Revolut and Zopa, are planning to go public. Atomico's report identifies over 100 potential IPO candidates in Europe, with many already preparing for public listings. This includes Swedish payments company Klarna, which has filed to go public in the U.S.