Oct 2025
Monthly report · 2025-10-01 – 2025-11-01 · vs Sep 2025
Monthly
Summary
auto-generatedIn Oct 2025, disclosed funding reached €8.3B across 349 rounds, down -0.9% versus Sep 2025.
Deal count moved -5.9% versus Sep 2025, with 942 named investors participating.
Finland led by capital with €1.6B (19.7% of disclosed total).
Healthtech was the most-funded sector at €1.7B (20.2%).
The ten largest rounds accounted for 56.1% of disclosed capital, led by Nokia's €859M.
65 exits were recorded this month worth a combined €8.4B.
Disclosed funding
€8.3B
▼ -0.9%€8,297,202,382
Funding rounds
349
▼ -5.9%Companies funded
349
▼ -5.7%Named investors
942
▼ -18.2%Exits
65
▼ -12.2%Leading country
€1.6B
19.7% of total
Leading sector
€1.7B
20.2% of total
Provenance: 86% of 349 rounds disclosed an amount · 96% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.08%
Methodology →Investments
Funding within Oct 2025
by dayBiggest deals
top 10 by amount- 1NokiaOther · Finland · Oct 2025€859M
- 2Oura HealthSeries D+ · Finland · Oct 2025€774M
- 3EnpalDebt · Germany · Oct 2025€700M
- 4Bending SpoonsOther · Italy · Oct 2025€613M
- 5YounitedDebt · France · Oct 2025€400M
- 6NscaleOther · UK · Oct 2025€369M
- 7Tubulis TechnologiesSeries C · Germany · Oct 2025€308M
- 8ReturnGrowth/Late · Netherlands · Oct 2025€300M
- 9SynthesiaOther · UK · Oct 2025€173M
- 10N8NSeries C · Germany · Oct 2025€155M
Concentration
top 10 deals56.1%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.7B
Period total
€8.3B
Countries
Top countries
total euro raisedCapital by country
share of disclosed totalGeographic distribution
European countries shown · click a countryIndustries
Top sectors
total euro raisedCapital by sector
share of disclosed totalStages
Funding by stage
total euro raised by round typeExits
Exit activity
65
exits recorded
€8.4B
combined disclosed value