Quarterly report · 2025-10-01 – 2026-01-01 · vs Q3 2025
In Q4 2025, disclosed funding reached €17B across 887 rounds, down 16.7% versus Q3 2025.
Deal count moved -4.6% versus Q3 2025, with 2,151 named investors participating.
UK led by capital with €3.6B (20.7% of disclosed total).
Software was the most-funded sector at €2.9B (16.5%).
The ten largest rounds accounted for 32.8% of disclosed capital, led by Nokia's €859M.
182 exits were recorded this quarter worth a combined €11B.
