France and the Netherlands Lose Ground as Capital Retreats

France and the Netherlands both recorded meaningful funding declines in the recent 90-day window, moving against the broader dataset trend where several markets posted gains. France fell from €3,106M to €2,234M (−28%), yet its deal count rose from 50 to 66, compressing average deal size from roughly €62M to €34M. The Netherlands dropped from €1,113M to €733M (−34%), with deal count also contracting from 33 to 25.

The country-level context sharpens the picture. France ranked second in the prior period, ahead of Germany's €2,811M, but its recent total of €2,234M now trails Germany's €2,708M, a reversal of roughly €474M. The Netherlands, meanwhile, slipped from fifth to eighth place in the recent period, overtaken by Sweden (€1,552M), Finland (€1,094M), Spain (€1,043M), and Belgium (€1,005M) — all of which grew. Belgium's rise is particularly stark, moving from €92M to €1,005M against the Netherlands' retreat.

Across the full dataset, the UK (€11,461M, +61%), Finland (+404%), Belgium (+992%), and Spain (+98%) all expanded in the recent window, making France and the Netherlands two of the few top-ten markets to contract. Switzerland and Ireland also declined, but from smaller bases. France's combination of falling capital and rising deal count is a distinct pattern not replicated elsewhere in the data.

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).