Spain accelerates as the clearest mid-tier gainer by both volume and deal count

Spain recorded the sharpest capital increase among mid-tier European markets in the most recent 90-day window, growing from €551M across 64 deals to €1.18B across 72 deals — a 114% rise in capital accompanied by eight additional transactions. That combination distinguishes Spain from the two other notable gainers in the same period: Finland's capital rose 286% but its deal count held flat at 24, and Belgium's capital rose 1,053% while adding only seven deals, both patterns more consistent with one or a small number of outsized rounds driving the headline figure.

The breadth of Spain's gain is further underlined by its position in the overall country rankings. At €1.18B, Spain now sits fifth by recent capital, ahead of Finland (€1.04B), Belgium (€1B), the Netherlands (€749M), and Switzerland (€327M) — markets that collectively ranged from €327M to €1.04B in the same window.

Against the wider European picture, Spain's €1.18B represents roughly 5% of the total recent capital recorded across the twelve countries in the data, compared to approximately 3% in the prior period, a shift that reflects both its absolute growth and the contraction seen in France (down 47%) and Switzerland (down 59%) over the same interval.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-07-01). Figures are checked against the underlying data and each draft is reviewed by an independent second model before publishing; anything unverifiable is held back. Not investment advice. Labelled for AI transparency (EU AI Act Art. 50, applicable from 2 Aug 2026).