Led by $1bn venture financing of Celonis, total technology industry venture financing deals worth $11.9bn were announced in Europe in Q2 2021, according to GlobalData’s deals database.

The value marked an increase of 15.9% over the previous quarter and a rise of 106.4% when compared with the last four-quarter average of $5.78bn.

Europe held a 15.18% share of the global technology industry venture financing deal value that totalled $78.61bn in Q2 2021. With a 3.35% share and deals worth $2.63bn, Germany was the top country in Europe’s venture financing deal value across technology industry.

In terms of deal activity, Europe recorded 842 deals during Q2 2021, marking an increase of 4.34% over the previous quarter and a rise of 21.68% over the last four-quarter average. The UK recorded 268 deals during the month.