European startup funding Mar 2025
Monthly report · 2025-03-01 – 2025-03-31 · vs Feb 2025
Monthly
Summary
auto-generatedIn Mar 2025, 303 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €5.3B, up 23.4% versus Feb 2025. Debt rounds added a further €333M.
Deal count moved -7.3% versus Feb 2025, with 761 named investors participating.
UK led by equity raised with €1.5B (28.4% of equity).
Gaming was the most-funded sector at €1.2B in equity (22.2%).
The ten largest rounds accounted for 57.3% of disclosed capital, led by Ubisoft's €1.2B.
46 exits were recorded this month worth a combined €2.4B.
Equity funding
€5.3B
▲ +23.4%excl. debt & grants · +€333M debt
Funding rounds
303
▼ -7.3%Companies funded
303
▼ -7.3%Named investors
761
▼ -9.4%Exits
46
▲ +27.8%Provenance: 87% of 303 rounds disclosed an amount · 88% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.03%
Methodology →Investments
Funding within Mar 2025
by dayFunding within Mar 2025 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €3.1M | 1 |
| 02 | €0 | 0 |
| 03 | €77M | 15 |
| 04 | €212M | 15 |
| 05 | €828M | 18 |
| 06 | €167M | 18 |
| 07 | €39M | 6 |
| 08 | €0 | 0 |
| 09 | €0 | 0 |
| 10 | €112M | 14 |
| 11 | €268M | 20 |
| 12 | €85M | 15 |
| 13 | €192M | 18 |
| 14 | €45M | 5 |
| 15 | €0 | 0 |
| 16 | €0 | 0 |
| 17 | €173M | 12 |
| 18 | €86M | 19 |
| 19 | €336M | 22 |
| 20 | €194M | 18 |
| 21 | €87M | 12 |
| 22 | €0 | 0 |
| 23 | €0 | 0 |
| 24 | €67M | 11 |
| 25 | €14M | 5 |
| 26 | €491M | 28 |
| 27 | €1.5B | 10 |
| 28 | €18M | 7 |
| 29 | €0 | 0 |
| 30 | €0 | 0 |
| 31 | €635M | 14 |
Biggest deals
top 10 by amount- 1UbisoftOther · France · Mar 2025€1.2B
- 2Isomorphic LabsOther · UK · Mar 2025€555M
- 3EcoDataCenterOther · Sweden · Mar 2025€450M
- 4AboundOther · UK · Mar 2025€300M
- 5AMBOSSOther · Germany · Mar 2025€240M
- 6QuantexaSeries D+ · UK · Mar 2025€164M
- 7GoByBikeDebt · Finland · Mar 2025€125M
- 8FactorialOther · Spain · Mar 2025€110M
- 9MewsOther · Netherlands · Mar 2025€71M
- 10SateliotSeries B · Spain · Mar 2025€70M
Concentration
top 10 deals57.3%
of disclosed capital came from the ten largest rounds.
Top 10 total
€3.2B
Period total
€5.7B
Countries
Top countries
equity raisedMar 2025 — top countries — interactive chart.
Data table
| Mar 2025 — top countries | |
|---|---|
| UK | €1.5B |
| France | €1.4B |
| Germany | €688M |
| Sweden | €556M |
| Spain | €422M |
| Netherlands | €207M |
| Ireland | €82M |
| Switzerland | €78M |
| Estonia | €67M |
| Finland | €57M |
Capital by country
share of equityMar 2025 — capital by country — interactive chart.
Data table
| Mar 2025 — capital by country | |
|---|---|
| UK | €1.5B |
| France | €1.4B |
| Germany | €688M |
| Sweden | €556M |
| Spain | €422M |
| Netherlands | €207M |
| Ireland | €82M |
| Switzerland | €78M |
| Estonia | €67M |
| Finland | €57M |
| Other | €227M |
Geographic distribution
European countries shown · click a countryMar 2025 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2025 — top sectors — interactive chart.
Data table
| Mar 2025 — top sectors | |
|---|---|
| Gaming | €1.2B |
| Healthtech | €804M |
| Software | €561M |
| Hardware | €502M |
| Fintech | €431M |
| Edtech | €264M |
| Energy | €209M |
| Cleantech | €204M |
| AI | €193M |
| Deeptech | €166M |
Capital by sector
share of equityMar 2025 — capital by sector — interactive chart.
Data table
| Mar 2025 — capital by sector | |
|---|---|
| Gaming | €1.2B |
| Healthtech | €804M |
| Software | €561M |
| Hardware | €502M |
| Fintech | €431M |
| Edtech | €264M |
| Energy | €209M |
| Cleantech | €204M |
| Other | €1.2B |
Stages
Funding by stage
total euro raised by round typeMar 2025 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €49M |
| Seed | €190M |
| Series A | €439M |
| Series B | €391M |
| Series C | €63M |
| Series D+ | €164M |
| Early VC | €3.1M |
| Growth/Late | €34M |
| Debt | €333M |
| Grant | €3.0M |
| Crowdfunding | €593k |
| Other | €4.0B |
Exits
Exit activity
46
exits recorded
€2.4B
combined disclosed value
Exits breakdown
by typeMar 2025 — exits by type — interactive chart.
Data table
| Mar 2025 — exits by type | |
|---|---|
| Acquisition | 44 |
| Merger | 2 |