Six largest rounds total over €10B, led by three mega-deals

The six largest rounds recorded in the 90 days to 31 October 2026 sum to €10.3B. Mistral AI's €3.0B round out of France is the single largest, followed by two Nscale rounds out of the UK worth €2.95B and €2.59B. Those two Nscale rounds alone combine to €5.54B, or about 54% of the six-round total, leaving Fractile's €692M, ID Finance's €545M and TEKEVER's €508M comparatively smaller by contrast within the same group.

Set against the wider window, these six rounds account for about 41% of the €24.92B in total deal value recorded, showing how much large-ticket funding concentrates among a small number of companies. The broader top 10 rounds in the window reach €12.0B, representing 48.3% of all deal value, a reminder that a handful of outsized transactions shape the overall figures far more than the 651 deals recorded across the same period.

AI-generatedWritten by an AI model from Tech.eu Funding Explorer data (2026-11-01). 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).