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EMEA’s innovation economy showed resilience in 2024, with investments rising 37% above pre-COVID levels. Political stability returned following major elections in the United Kingdom, France and Germany, while markets welcomed clarity on monetary policy direction.

The U.K. emerged as Europe’s AI powerhouse in 2024, with £200 million in daily private sector investment and strong government backing. This momentum, combined with steady investment from U.S. funds seeking value opportunities, positions EMEA for continued growth in 2025.

Our 2024 EMEA Innovation Economy Update explores critical market dynamics, including:

  • Record AI investment driving valuations
  • A shift in balance between U.K/U.S. and European investors
  • A split between larger and niche/emerging funds
  • The rise in secondaries as alternative exit structures gain prominence

Download our complete analysis to understand these shifts shaping the innovation economy.

Contributors

Roshan Wijayarathna

Co-Head of Innovation Economy, EMEA

Manuel Costescu

Co-Head of Innovation Economy, EMEA

Alex McCracken

Head of Venture Capital Relationships, EMEA

JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.