Sep 2025

Monthly report · 2025-09-01 – 2025-10-01 · vs Aug 2025

Monthly

Summary

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In Sep 2025, disclosed funding reached €8.4B across 371 rounds, up +159.4% versus Aug 2025.

Deal count moved +89.3% versus Aug 2025, with 1,152 named investors participating.

UK led by capital with €2.7B (32.1% of disclosed total).

AI was the most-funded sector at €1.9B (22.6%).

The ten largest rounds accounted for 54.6% of disclosed capital, led by Mistral AI's €1.7B.

74 exits were recorded this month worth a combined €9.2B.

Disclosed funding

€8.4B

▲ +159.4%

€8,375,160,400

Funding rounds

371

▲ +89.3%

Companies funded

370

▲ +88.8%

Named investors

1,152

▲ +129.9%

Exits

▲ +12.1%

Leading country

€2.7B

32.1% of total

Leading sector

€1.9B

22.6% of total

Provenance: 87% of 371 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.04%

Methodology →

Investments

Funding within Sep 2025

by day

Biggest deals

top 10 by amount

Concentration

top 10 deals

54.6%

of disclosed capital came from the ten largest rounds.

Top 10 total

€4.6B

Period total

€8.4B

Countries

Top countries

total euro raised

Capital by country

share of disclosed total

Geographic distribution

European countries shown · click a country

Industries

Top sectors

total euro raised

Capital by sector

share of disclosed total

Stages

Funding by stage

total euro raised by round type

Exits

Exit activity

exits recorded

€9.2B

combined disclosed value

Exits breakdown

by type

Investors

Most active investors

named, by deal count in period

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