$2.6bn invested in Work Tech during Q3 amidst slow revenue growth

Work Tech investment activity by volume picked up around 20% in Q3, with 181 deals disclosed vs. 150 in Q2. Growth came primarily from early-stage rounds, resulting in an average investment size of €18.1m. And  M&A activity was very robust, with 336 acquisitions in total during the first three quarters of the year, putting 2024 on track for record deal volumes. However, many Work Tech businesses have been reporting decelerating growth rates, and this is being reflected in their valuations.