European startup funding Jan 2025
Monthly report · 2025-01-01 – 2025-01-31 · vs Dec 2024
Monthly
Summary
auto-generatedIn Jan 2025, 310 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €4.7B, up 14.1% versus Dec 2024. Debt rounds added a further €2.0B.
Deal count moved +28.6% versus Dec 2024, with 820 named investors participating.
UK led by equity raised with €1.4B (31.0% of equity).
Healthtech was the most-funded sector at €1.5B in equity (31.7%).
The ten largest rounds accounted for 51.9% of disclosed capital, led by NXP Semiconductors's €1.0B.
64 exits were recorded this month worth a combined €342M.
Equity funding
€4.7B
▲ +14.1%excl. debt & grants · +€2.0B debt
Funding rounds
310
▲ +28.6%Companies funded
309
▲ +28.7%Named investors
820
▲ +40.7%Exits
64
▲ +48.8%Leading country
€1.4B
31.0% of equity
Leading sector
€1.5B
31.7% of equity
Provenance: 90% of 310 rounds disclosed an amount · 86% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.25%
Methodology →Investments
Funding within Jan 2025
by dayFunding within Jan 2025 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €60M | 6 |
| 03 | €31M | 6 |
| 04 | €0 | 0 |
| 05 | €0 | 0 |
| 06 | €264k | 4 |
| 07 | €297M | 11 |
| 08 | €153M | 8 |
| 09 | €397M | 18 |
| 10 | €559M | 10 |
| 11 | €0 | 0 |
| 12 | €0 | 0 |
| 13 | €420M | 13 |
| 14 | €190M | 18 |
| 15 | €337M | 23 |
| 16 | €1.7B | 22 |
| 17 | €15M | 7 |
| 18 | €0 | 0 |
| 19 | €0 | 0 |
| 20 | €779M | 16 |
| 21 | €89M | 18 |
| 22 | €166M | 21 |
| 23 | €297M | 16 |
| 24 | €72M | 10 |
| 25 | €3.0M | 3 |
| 26 | €0 | 0 |
| 27 | €92M | 17 |
| 28 | €416M | 16 |
| 29 | €100M | 16 |
| 30 | €440M | 26 |
| 31 | €11M | 5 |
Biggest deals
top 10 by amount- 1NXP SemiconductorsDebt · Netherlands · Jan 2025€1.0B
- 2Bees & BearsDebt · Germany · Jan 2025€500M
- 3Green FlexibilityOther · Germany · Jan 2025€400M
- 4Verdiva BioSeries A · UK · Jan 2025€399M
- 5Neko HealthSeries B · Sweden · Jan 2025€250M
- 6SunfireDebt · Germany · Jan 2025€200M
- 7Perk (formerly TravelPerk)Series D+ · Spain · Jan 2025€192M
- 8SynthesiaSeries D+ · UK · Jan 2025€175M
- 9ElevenLabsSeries C · UK · Jan 2025€173M
- 10CeraOther · UK · Jan 2025€150M
Concentration
top 10 deals51.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.4B
Period total
€6.6B
Countries
Top countries
equity raisedJan 2025 — top countries — interactive chart.
Data table
| Jan 2025 — top countries | |
|---|---|
| UK | €1.4B |
| Germany | €750M |
| France | €411M |
| Sweden | €371M |
| Spain | €350M |
| Switzerland | €317M |
| Ireland | €317M |
| Netherlands | €140M |
| Denmark | €130M |
| Belgium | €95M |
Capital by country
share of equityJan 2025 — capital by country — interactive chart.
Data table
| Jan 2025 — capital by country | |
|---|---|
| UK | €1.4B |
| Germany | €750M |
| France | €411M |
| Sweden | €371M |
| Spain | €350M |
| Switzerland | €317M |
| Ireland | €317M |
| Netherlands | €140M |
| Denmark | €130M |
| Belgium | €95M |
| Other | €335M |
Geographic distribution
European countries shown · click a countryJan 2025 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedJan 2025 — top sectors — interactive chart.
Data table
| Jan 2025 — top sectors | |
|---|---|
| Healthtech | €1.5B |
| Energy | €637M |
| Software | €554M |
| AI | €479M |
| Fintech | €286M |
| Travel | €216M |
| Cleantech | €215M |
| Deeptech | €185M |
| Robotics | €164M |
| Semiconductors | €83M |
Capital by sector
share of equityJan 2025 — capital by sector — interactive chart.
Data table
| Jan 2025 — capital by sector | |
|---|---|
| Healthtech | €1.5B |
| Energy | €637M |
| Software | €554M |
| AI | €479M |
| Fintech | €286M |
| Travel | €216M |
| Cleantech | €215M |
| Deeptech | €185M |
| Other | €654M |
Stages
Funding by stage
total euro raised by round typeJan 2025 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €23M |
| Seed | €176M |
| Series A | €1.1B |
| Series B | €650M |
| Series C | €466M |
| Series D+ | €391M |
| Growth/Late | €1.0M |
| Debt | €2.0B |
| Grant | €5.2M |
| Other | €1.9B |
Exits
Exit activity
64
exits recorded
€342M
combined disclosed value
Exits breakdown
by typeJan 2025 — exits by type — interactive chart.
Data table
| Jan 2025 — exits by type | |
|---|---|
| Acquisition | 61 |
| Merger | 2 |
| IPO | 1 |