Software funding drops 26% to €1.7B on lower deal count
90 days to 2026-09-15
Software funding fell from €2.33B to €1.72B over the 90 days to 15 September 2026, a 26% decrease, as deal count dropped from 149 to 132, 17 fewer rounds than the prior window. That decline in activity contrasts with sectors such as Semiconductors, which rose from €589M to €947M even as deal count grew only slightly, and Cybersecurity, which climbed from €252M to €1.10B despite fewer deals, 19 versus 23.
Within the broader sector set, Software's recent €1.72B places it above Robotics (€1.47B), Cybersecurity (€1.10B), Defence (€1.03B), Semiconductors (€947M), Energy (€804M), Space (€793M) and Cleantech (€767M), but well below AI at €6.21B, Cloud at €3.42B, Fintech at €2.71B and Healthtech at €1.60B. Software's 132 deals remain the highest deal count among all twelve sectors listed, ahead of AI's 65 and Healthtech's 74, indicating that while capital committed to the sector contracted, it still recorded more individual funding rounds than any other tracked sector in the window.
Explore the sectors →AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-09-16). 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).