European startup funding Apr 2025
Monthly report · 2025-04-01 – 2025-04-30 · vs Mar 2025
Monthly
Summary
auto-generatedIn Apr 2025, 319 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €2.9B, down 46.0% versus Mar 2025. Debt rounds added a further €237M.
Deal count moved +5.3% versus Mar 2025, with 807 named investors participating.
UK led by equity raised with €756M (26.3% of equity).
Fintech was the most-funded sector at €644M in equity (22.4%).
The ten largest rounds accounted for 33.9% of disclosed capital, led by CMR Surgical's €185M.
57 exits were recorded this month worth a combined €1.8B.
Equity funding
€2.9B
▼ -46.0%excl. debt & grants · +€237M debt
Funding rounds
319
▲ +5.3%Companies funded
319
▲ +5.3%Named investors
807
▲ +6.0%Exits
57
▲ +23.9%Provenance: 85% of 319 rounds disclosed an amount · 93% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.36%
Methodology →Investments
Funding within Apr 2025
by dayFunding within Apr 2025 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €202M | 12 |
| 02 | €355M | 20 |
| 03 | €195M | 23 |
| 04 | €33M | 9 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €225M | 13 |
| 08 | €266M | 21 |
| 09 | €162M | 16 |
| 10 | €250M | 18 |
| 11 | €10M | 2 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €64M | 12 |
| 15 | €142M | 18 |
| 16 | €127M | 19 |
| 17 | €30M | 7 |
| 18 | €37M | 9 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €5.5M | 3 |
| 22 | €129M | 17 |
| 23 | €196M | 16 |
| 24 | €41M | 13 |
| 25 | €58M | 19 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €79M | 6 |
| 29 | €448M | 27 |
| 30 | €221M | 19 |
Biggest deals
top 10 by amount- 1CMR SurgicalOther · UK · Apr 2025€185M
- 2ZepzDebt · UK · Apr 2025€153M
- 3LhyfeGrant · France · Apr 2025€149M
- 4EnpalOther · Germany · Apr 2025€110M
- 5Cast AISeries C · Lithuania · Apr 2025€95M
- 6JobandtalentSeries D+ · Spain · Apr 2025€92M
- 7FlowdeskOther · France · Apr 2025€92M
- 8Xayn (Noxtua)Series B · Germany · Apr 2025€81M
- 9MarshmallowOther · UK · Apr 2025€79M
- 10PennylaneOther · France · Apr 2025€75M
Concentration
top 10 deals33.9%
of disclosed capital came from the ten largest rounds.
Top 10 total
€1.1B
Period total
€3.3B
Countries
Top countries
equity raisedApr 2025 — top countries — interactive chart.
Data table
| Apr 2025 — top countries | |
|---|---|
| UK | €756M |
| Germany | €642M |
| France | €568M |
| Spain | €239M |
| Netherlands | €112M |
| Lithuania | €95M |
| Türkiye | €83M |
| Switzerland | €79M |
| Sweden | €58M |
| Iceland | €42M |
Capital by country
share of equityApr 2025 — capital by country — interactive chart.
Data table
| Apr 2025 — capital by country | |
|---|---|
| UK | €756M |
| Germany | €642M |
| France | €568M |
| Spain | €239M |
| Netherlands | €112M |
| Lithuania | €95M |
| Türkiye | €83M |
| Switzerland | €79M |
| Sweden | €58M |
| Iceland | €42M |
| Other | €205M |
Geographic distribution
European countries shown · click a countryApr 2025 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedApr 2025 — top sectors — interactive chart.
Data table
| Apr 2025 — top sectors | |
|---|---|
| Fintech | €644M |
| Healthtech | €417M |
| Cleantech | €346M |
| Software | €240M |
| Energy | €142M |
| Cloud | €136M |
| Cybersecurity | €135M |
| HRtech | €117M |
| Legaltech | €84M |
| AI | €72M |
Capital by sector
share of equityApr 2025 — capital by sector — interactive chart.
Data table
| Apr 2025 — capital by sector | |
|---|---|
| Fintech | €644M |
| Healthtech | €417M |
| Cleantech | €346M |
| Software | €240M |
| Energy | €142M |
| Cloud | €136M |
| Cybersecurity | €135M |
| HRtech | €117M |
| Other | €738M |
Stages
Funding by stage
total euro raised by round typeApr 2025 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €37M |
| Seed | €216M |
| Series A | €289M |
| Series B | €523M |
| Series C | €145M |
| Series D+ | €112M |
| Early VC | €2.1M |
| Growth/Late | €11M |
| Debt | €237M |
| Grant | €160M |
| Crowdfunding | €191k |
| Other | €1.5B |
Exits
Exit activity
57
exits recorded
€1.8B
combined disclosed value
Exits breakdown
by typeApr 2025 — exits by type — interactive chart.
Data table
| Apr 2025 — exits by type | |
|---|---|
| Acquisition | 55 |
| Merger | 2 |