30-day deal volume falls despite steady deal count

Funding across the 30 days to 3 November 2026 totalled €5.94B over 245 deals, down 49% from €11.66B in the prior 30-day period, even as deal count held roughly steady from 251 to 245. The decline reflects fewer outsized rounds rather than a thinner pipeline: the largest deal of the window, Fractile's €692M Series C in the UK, anchors a top-ten list that also includes ID Finance's €545M round in Spain and Legora's €490M round in Sweden.

Within the window, Healthtech led sector activity at €1.19B across 33 deals, ahead of Fintech's €1.08B over 25 deals and AI's €930M across 36 deals, while Software generated the most deals (60) for a smaller €681M. Geographically, the UK led country activity with €2.51B across 70 deals, more than three times Spain's €809M over 24 deals, which ranked second. Of the UK total, €286M came from debt financing rather than equity investment, a modest share of its overall volume.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-11-03). 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).