Quarterly report · 2025-07-01 – 2025-09-30 · vs Q2 2025
In Q3 2025, disclosed funding reached €21B across 930 rounds, up 36.0% versus Q2 2025.
Deal count moved -7.1% versus Q2 2025, with 2,345 named investors participating.
UK led by capital with €9.5B (45.4% of disclosed total).
Telecom was the most-funded sector at €3.3B (15.9%).
The ten largest rounds accounted for 45.6% of disclosed capital, led by CityFibre's €2.7B.
222 exits were recorded this quarter worth a combined €17B.
