Software funding down 44% to €1.56B as deal count drops by 35
90 days to 2026-10-20
Software funding fell to €1.56B in the 90 days to 20 October 2026, down from €2.78B in the prior 90-day window, a decline of 44%. Deal count dropped to 130 from 165, 35 fewer rounds over the period. Within the broader sector landscape, Software's recent total of €1.56B ranks it below AI (€5.06B), Cloud (€5.58B), Fintech (€2.43B) and Healthtech (€2.26B), placing it fifth among the twelve sectors tracked in this window. Despite the funding drop, Software still recorded 130 deals, more than any other sector in the recent period, including AI's 75 and Fintech's 58 deals. This contrasts with sectors such as Cloud, where recent funding rose to €5.58B from €3.81B even as deal count fell from 6 to 4, indicating that Software's decline combined both fewer deals and lower funding per round, rather than consolidation into larger rounds.
Explore the sectors →AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-10-21). 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).