Cybersecurity Fundraising Soars in the U.S. but Declines in Europe

On March 7, 2025, the asset management group Tikehau Capital, in partnership with the InCyber Forum, published the latest edition of its cybersecurity investment barometer. Based on data from the United States, Europe, and Israel, the study reveals that startups raised €12.1 billion in 2024, a 29% increase compared to 2023.

However, this total masks significant disparities. The United States saw a 53% surge in cybersecurity investments, reaching €10.3 billion in 2024, accounting for 85% of the total. The eight new cybersecurity unicorns of 2024 are all American. In contrast, Europe experienced a 25% drop in funds raised, falling to €1.06 billion in 2024, down from €1.43 billion in 2023 and €2.44 billion in 2022.

In France, cybersecurity investments reached €342 million, compared to €455 million in 2023. This amount was spread across only 25 deals, leading to a 27% increase in the average ticket size, reaching €14 million. Several major funding rounds marked the year, including €85 million for ChapsVision and €67 million for Zama.

For the first time, France has become the top European country for cybersecurity fundraising, as the United Kingdom saw its cybersecurity investments plummet by 37% in 2024, dropping to €289 million.