Which sectors grew the most?

The Technology and AI sector continued to lead in 2024 with 42 deals, representing 23% of our total deals. The Health/Medtech sector also demonstrated considerable activity, with 29 deals accounting for 16% of the total deals.

The Digital sector maintained a notable presence, with 26 deals making up 14.77% of the total, while we completed 18 deals in the Enterprise sector, contributing to 10% of the total number of deals.

Sector split chart — Sector split per month

These figures reflect the sustained investor interest in sectors that are at the forefront of innovation and societal impact. As expected, AI-based companies are attracting the most investment both in terms of overall activity and value - something that is reflected by wider industry trends. However, it’s positive to see sectors other than AI showing increasing levels of activity, hopefully demonstrating that the venture capital space isn't over reliant on one technology trend. In particular, we observed a significant (11.5%) rise in Medtech activity, which represents a substantial increase compared to the levels recorded in 2023.

Alexa Hamilton, Managing Associate in the Emerging Companies team