Q1 2026

Quarterly report · 2026-01-01 – 2026-04-01 · vs Q4 2025

Quarterly

Summary

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In Q1 2026, disclosed funding reached €20B across 858 rounds, up +16.6% versus Q4 2025.

Deal count moved -3.4% versus Q4 2025, with 2,265 named investors participating.

UK led by capital with €7.5B (37.0% of disclosed total).

Cloud was the most-funded sector at €2.9B (14.3%).

The ten largest rounds accounted for 43.2% of disclosed capital, led by Nscale's €1.7B.

138 exits were recorded this quarter worth a combined €4.3B.

Disclosed funding

€20B

▲ +16.6%

€20,275,666,663

Funding rounds

858

▼ -3.4%

Companies funded

854

▼ -3.2%

Named investors

2,265

▲ +5.2%

Exits

138

▼ -24.2%

Leading country

€7.5B

37.0% of total

Leading sector

Cloud

€2.9B

14.3% of total

Provenance: 89% of 858 rounds disclosed an amount · 98% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within +0.03%

Methodology →

Investments

Funding within Q1 2026

by month

Biggest deals

top 10 by amount

Concentration

top 10 deals

43.2%

of disclosed capital came from the ten largest rounds.

Top 10 total

€8.8B

Period total

€20B

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

138

exits recorded

€4.3B

combined disclosed value

Exits breakdown

by type

Investors

Most active investors

named, by deal count in period

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