European tech funding raised by Germany startups during Q4 2025.
In Q4 2025, 109 startups in Germany raised a combined €2.7B across 109 funding rounds, up 63.8% versus Q4 2024. Software was the most active sector, and High-Tech Gründerfonds (HTGF) was the most active investor. Data as of 9 Jul 2026.
| Company | Stage | Date | Amount |
|---|---|---|---|
| Enpal | Debt | Oct 2025 | €700M |
| Tubulis Technologies | Series C | Oct 2025 | €308M |
| Black Forest Labs | Series B | Dec 2025 | €258M |
| Quantum Systems | Series C |
34 exits · €838M disclosed.
| Northern Data | Acquisition | Nov 2025 | €662M |
| Skaylink | Acquisition | Oct 2025 | €176M |
| Nov 2025 |
| €180M |
| N8N | Series C | Oct 2025 | €155M |
| Mondu | Debt | Dec 2025 | €100M |
| Empact | Other | Oct 2025 | €100M |
| Ferroelectric Memory Company | Other | Nov 2025 | €100M |
| Limehome | Other | Dec 2025 | €75M |
| Aily Labs | Series B | Nov 2025 | €69M |
| Vay | Other | Nov 2025 | €52M |
| Reflex Aerospace | Series A | Nov 2025 | €50M |
| HyImpulse | Series A | Oct 2025 | €45M |
| voize | Series A | Nov 2025 | €43M |
| Mirelo | Seed | Dec 2025 | €35M |
