Global venture capital investment rose to a five-quarter high in the second quarter of 2024, from USD 75.3 billion in the first quarter to USD 94.3 billion. This is shown by the latest Venture Pulse 2024 from KPMG AG Wirtschaftsprüfungsgesellschaft. This development is mainly due to very large investments of over USD 1 billion, more than half of which were made in the field of artificial intelligence (AI).
Venture capitalists are also investing heavily in the technology in Europe. Investments rose from USD 13.9 billion in the first quarter of 2024 to USD 17.8 billion in the second quarter. On the one hand, investors are interested in companies that develop basic AI technologies. On the other hand, companies that use AI to improve business models, for example to better monitor customer experience or simplify product development, are also receiving financial support. The most significant AI investments were made in start-ups that develop large language models and in companies that want to use artificial intelligence for specific industries or in certain functions. These include healthcare, biotechnology and supply chain logistics. Investors are also continuing to invest in alternative energies and sustainable technologies.