Cloud sector: €2.999B across just 4 deals, the highest capital-per-deal ratio of any sector

Cloud ranked second by total capital among all tracked sectors over the 90 days to 22 June 2026, drawing €2.999B — behind only AI at €3.789B and ahead of Healthtech at €2.679B — yet it did so across just 4 deals compared with 92 and 98 respectively for those two sectors. That arithmetic produces an average of roughly €750M per deal for Cloud, against approximately €41M for AI and €27M for Healthtech, making Cloud's capital-per-deal ratio the highest of any tracked sector by a wide margin.

The concentration behind that figure is stark: Pure Data Centres' €2.32B round, closed on 27 May 2026, accounts for 77% of all Cloud capital in the period and stands as the single largest funding round recorded across the entire dataset. Pure DC is a UK-based company, and the UK itself dominates the country table with €11.461B across 206 deals — more than four times Germany's €2.711B in second place — meaning this transaction reinforces an already outsized UK share of European funding activity.

Across all sectors and geographies, total capital raised in the recent 90-day window reached €23.36B across 829 deals, up from €18.72B across 799 deals in the prior comparable period, a rise of roughly 25%. Cloud's €2.999B represents approximately 13% of that recent total, a share generated by a deal count equal to less than 0.5% of all transactions recorded.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-06-22). 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).