European startup funding Mar 2026
Monthly report · 2026-03-01 – 2026-03-31 · vs Feb 2026
Monthly
Summary
auto-generatedIn Mar 2026, 298 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €6.7B, down 15.8% versus Feb 2026. Debt rounds added a further €761M.
Deal count moved -1.3% versus Feb 2026, with 871 named investors participating.
UK led by equity raised with €2.7B (39.7% of equity).
Cloud was the most-funded sector at €1.7B in equity (25.8%).
The ten largest rounds accounted for 62.7% of disclosed capital, led by Nscale's €1.7B.
52 exits were recorded this month worth a combined €2.6B.
Equity funding
€6.7B
▼ -15.8%excl. debt & grants · +€761M debt
Funding rounds
298
▼ -1.3%Companies funded
297
▼ -1.7%Named investors
871
▼ -10.6%Exits
52
▲ +40.5%Provenance: 91% of 298 rounds disclosed an amount · 97% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.17%
Methodology →Investments
Funding within Mar 2026
by dayFunding within Mar 2026 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €0 | 0 |
| 02 | €29M | 7 |
| 03 | €380M | 22 |
| 04 | €309M | 9 |
| 05 | €131M | 8 |
| 06 | €155M | 18 |
| 07 | €0 | 0 |
| 08 | €0 | 0 |
| 09 | €1.8B | 13 |
| 10 | €1.6B | 28 |
| 11 | €144M | 11 |
| 12 | €171M | 15 |
| 13 | €285M | 21 |
| 14 | €0 | 0 |
| 15 | €0 | 0 |
| 16 | €13M | 3 |
| 17 | €229M | 20 |
| 18 | €91M | 14 |
| 19 | €128M | 15 |
| 20 | €46M | 6 |
| 21 | €0 | 0 |
| 22 | €0 | 0 |
| 23 | €263M | 11 |
| 24 | €76M | 8 |
| 25 | €326M | 16 |
| 26 | €142M | 17 |
| 27 | €43M | 7 |
| 28 | €0 | 0 |
| 29 | €0 | 0 |
| 30 | €840M | 10 |
| 31 | €251M | 19 |
Biggest deals
top 10 by amount- 1NscaleSeries C · UK · Mar 2026€1.7B
- 2Advanced Machine Intelligence (AMI)Seed · France · Mar 2026€885M
- 3Mistral AIDebt · France · Mar 2026€723M
- 4LegoraSeries D+ · Sweden · Mar 2026€472M
- 5KandouSeries A · Switzerland · Mar 2026€194M
- 6PLD SpaceOther · Spain · Mar 2026€180M
- 79finSeries C · UK · Mar 2026€148M
- 8WonderfulSeries B · Netherlands · Mar 2026€131M
- 9RIFTSeries B · Netherlands · Mar 2026€114M
- 10UpvestOther · Germany · Mar 2026€108M
Concentration
top 10 deals62.7%
of disclosed capital came from the ten largest rounds.
Top 10 total
€4.7B
Period total
€7.5B
Countries
Top countries
equity raisedMar 2026 — top countries — interactive chart.
Data table
| Mar 2026 — top countries | |
|---|---|
| UK | €2.7B |
| France | €1.3B |
| Sweden | €632M |
| Germany | €574M |
| Netherlands | €415M |
| Switzerland | €333M |
| Spain | €253M |
| Austria | €136M |
| Italy | €91M |
| Norway | €80M |
Capital by country
share of equityMar 2026 — capital by country — interactive chart.
Data table
| Mar 2026 — capital by country | |
|---|---|
| UK | €2.7B |
| France | €1.3B |
| Sweden | €632M |
| Germany | €574M |
| Netherlands | €415M |
| Switzerland | €333M |
| Spain | €253M |
| Austria | €136M |
| Italy | €91M |
| Norway | €80M |
| Other | €222M |
Geographic distribution
European countries shown · click a countryMar 2026 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedMar 2026 — top sectors — interactive chart.
Data table
| Mar 2026 — top sectors | |
|---|---|
| Cloud | €1.7B |
| AI | €1.1B |
| Software | €621M |
| Fintech | €550M |
| Legaltech | €492M |
| Energy | €329M |
| Healthtech | €275M |
| Space | €267M |
| Semiconductors | €238M |
| Deeptech | €187M |
Capital by sector
share of equityMar 2026 — capital by sector — interactive chart.
Data table
| Mar 2026 — capital by sector | |
|---|---|
| Cloud | €1.7B |
| AI | €1.1B |
| Software | €621M |
| Fintech | €550M |
| Legaltech | €492M |
| Energy | €329M |
| Healthtech | €275M |
| Space | €267M |
| Other | €1.4B |
Stages
Funding by stage
total euro raised by round typeMar 2026 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €82M |
| Seed | €1.1B |
| Series A | €679M |
| Series B | €575M |
| Series C | €2.0B |
| Series D+ | €561M |
| Growth/Late | €232M |
| Debt | €761M |
| Grant | €8.1M |
| Other | €1.5B |
Exits
Exit activity
52
exits recorded
€2.6B
combined disclosed value
Exits breakdown
by typeMar 2026 — exits by type — interactive chart.
Data table
| Mar 2026 — exits by type | |
|---|---|
| Acquisition | 50 |
| Merger | 2 |