European startup funding Sep 2026
Monthly report · 2026-09-01 – 2026-09-30 · vs Aug 2026
Monthly
Summary
auto-generatedIn Sep 2026, 310 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €9.0B, up 192.9% versus Aug 2026. Debt rounds added a further €6.7B.
Deal count moved +86.7% versus Aug 2026, with 945 named investors participating.
France led by equity raised with €3.4B (37.3% of equity).
AI was the most-funded sector at €3.8B in equity (42.0%).
The ten largest rounds accounted for 71.4% of disclosed capital, led by Mistral AI's €3.0B.
40 exits were recorded this month.
Equity funding
€9.0B
▲ +192.9%excl. debt & grants · +€6.7B debt
Funding rounds
310
▲ +86.7%Companies funded
306
▲ +84.3%Named investors
945
▲ +116.2%Exits
40
▲ +14.3%Provenance: 88% of 310 rounds disclosed an amount · 89% of priced rounds are high-confidence
Methodology →Investments
Funding within Sep 2026
by dayFunding within Sep 2026 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| 01 | €3.1B | 16 |
| 02 | €1.0B | 12 |
| 03 | €160M | 13 |
| 04 | €21M | 7 |
| 05 | €0 | 0 |
| 06 | €0 | 0 |
| 07 | €160M | 9 |
| 08 | €3.4B | 19 |
| 09 | €173M | 16 |
| 10 | €166M | 22 |
| 11 | €36M | 6 |
| 12 | €0 | 0 |
| 13 | €0 | 0 |
| 14 | €480M | 15 |
| 15 | €497M | 15 |
| 16 | €303M | 15 |
| 17 | €450M | 17 |
| 18 | €35M | 9 |
| 19 | €0 | 0 |
| 20 | €0 | 0 |
| 21 | €104M | 13 |
| 22 | €437M | 18 |
| 23 | €1.2B | 19 |
| 24 | €208M | 13 |
| 25 | €49M | 5 |
| 26 | €0 | 0 |
| 27 | €0 | 0 |
| 28 | €3.0B | 12 |
| 29 | €251M | 16 |
| 30 | €451M | 23 |
Biggest deals
top 10 by amount- 1Mistral AISeries D+ · France · Sep 2026€3.0B
- 2NscaleDebt · UK · Sep 2026€3.0B
- 3NscaleDebt · UK · Sep 2026€2.6B
- 4TEKEVERSeries D+ · Portugal · Sep 2026€508M
- 5WonderfulSeries C · Netherlands · Sep 2026€475M
- 6BirdDebt · Netherlands · Sep 2026€394M
- 7FNZOther · UK · Sep 2026€389M
- 8The Exploration CompanySeries C · Germany · Sep 2026€387M
- 9Open CosmosOther · UK · Sep 2026€300M
- 10EXEINOther · Italy · Sep 2026€234M
Concentration
top 10 deals71.4%
of disclosed capital came from the ten largest rounds.
Top 10 total
€11B
Period total
€16B
Countries
Top countries
equity raisedSep 2026 — top countries — interactive chart.
Data table
| Sep 2026 — top countries | |
|---|---|
| France | €3.4B |
| UK | €1.4B |
| Germany | €943M |
| Netherlands | €725M |
| Spain | €595M |
| Portugal | €524M |
| Italy | €354M |
| Sweden | €250M |
| Bulgaria | €178M |
| Finland | €176M |
Capital by country
share of equitySep 2026 — capital by country — interactive chart.
Data table
| Sep 2026 — capital by country | |
|---|---|
| France | €3.4B |
| UK | €1.4B |
| Germany | €943M |
| Netherlands | €725M |
| Spain | €595M |
| Portugal | €524M |
| Italy | €354M |
| Sweden | €250M |
| Bulgaria | €178M |
| Finland | €176M |
| Other | €540M |
Geographic distribution
European countries shown · click a countrySep 2026 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedSep 2026 — top sectors — interactive chart.
Data table
| Sep 2026 — top sectors | |
|---|---|
| AI | €3.8B |
| Space | €726M |
| Healthtech | €687M |
| Fintech | €653M |
| Software | €524M |
| Robotics | €508M |
| Cybersecurity | €320M |
| Telecom | €315M |
| Deeptech | €275M |
| Energy | €240M |
Capital by sector
share of equitySep 2026 — capital by sector — interactive chart.
Data table
| Sep 2026 — capital by sector | |
|---|---|
| AI | €3.8B |
| Space | €726M |
| Healthtech | €687M |
| Fintech | €653M |
| Software | €524M |
| Robotics | €508M |
| Cybersecurity | €320M |
| Telecom | €315M |
| Other | €1.6B |
Stages
Funding by stage
total euro raised by round typeSep 2026 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €97M |
| Seed | €277M |
| Series A | €664M |
| Series B | €661M |
| Series C | €1.2B |
| Series D+ | €3.5B |
| Growth/Late | €118M |
| Debt | €6.7B |
| Grant | €30M |
| Other | €2.5B |
Exits
Exit activity
40
exits recorded
€0
combined disclosed value
Exits breakdown
by typeSep 2026 — exits by type — interactive chart.
Data table
| Sep 2026 — exits by type | |
|---|---|
| Acquisition | 39 |
| Merger | 1 |