Q1 2025

Quarterly report · 2025-01-01 – 2025-04-01 · vs Q4 2024

Quarterly

Summary

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In Q1 2025, disclosed funding reached €18B across 941 rounds, up +32.9% versus Q4 2024.

Deal count moved +4.9% versus Q4 2024, with 2,120 named investors participating.

UK led by capital with €4.3B (23.4% of disclosed total).

Fintech was the most-funded sector at €2.6B (13.9%).

The ten largest rounds accounted for 35.9% of disclosed capital, led by Ubisoft's €1.2B.

146 exits were recorded this quarter worth a combined €10B.

Disclosed funding

€18B

▲ +32.9%

€18,430,315,186

Funding rounds

941

▲ +4.9%

Companies funded

939

▲ +5.9%

Named investors

2,120

▲ +8.5%

Exits

146

▲ +0.0%

Leading country

€4.3B

23.4% of total

Leading sector

Fintech

€2.6B

13.9% of total

Provenance: 89% of 941 rounds disclosed an amount · 89% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.03%

Methodology →

Investments

Funding within Q1 2025

by month

Biggest deals

top 10 by amount

Concentration

top 10 deals

35.9%

of disclosed capital came from the ten largest rounds.

Top 10 total

€6.6B

Period total

€18B

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

146

exits recorded

€10B

combined disclosed value

Exits breakdown

by type

Investors

Most active investors

named, by deal count in period

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