Cloud sector: only 4 deals but €2,999M — average round of ~€750M

Cloud ranked second by aggregate funding among all tracked sectors over the 90 days to 23 June 2026, drawing €2,999M across just 4 deals — a per-deal average of roughly €750M that exceeds every other sector in the dataset. For context, AI led overall with €3,786M but spread that capital across 91 deals (an average of approximately €42M per deal), while Healthtech's €2,669M and Software's €2,147M were distributed across 97 and 170 deals respectively, yielding averages of around €27M and €13M. Cloud's concentration is stark: 4 deals account for 13.0% of the period's total €23.09B in recorded funding.

The sector's aggregate is heavily shaped by Pure Data Centres (Pure DC), a UK-based company whose €2,320M round — the largest single raise in the entire 90-day window — alone represents 77% of Cloud's total. Nscale, also UK-based, contributed a further €671M. Together those two rounds account for essentially all of Cloud's reported volume, confirming that the sector's headline figure reflects extreme deal-level concentration rather than distributed activity.

Geographically, both identified Cloud mega-rounds are domiciled in the UK, which itself leads all tracked countries with €11,329M across 202 deals — more than four times Germany's second-place €2,657M. The broader market grew from €19.04B in the prior 90-day period to €23.09B in the current one, a rise of approximately 21%, against which Cloud's 4-deal footprint remains a narrow but outsized contributor to that aggregate shift.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-06-23). Every figure is automatically verified to trace to cited funding rounds before publishing. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).