European startup funding Q2 2026
Quarterly report · 2026-04-01 – 2026-06-30 · vs Q1 2026
Quarterly
Summary
auto-generatedIn Q2 2026, 869 rounds were recorded and disclosed equity funding (excluding debt and grants) reached €20B, up 9.9% versus Q1 2026. Debt rounds added a further €3.9B.
Deal count moved -2.2% versus Q1 2026, with 2,141 named investors participating.
UK led by equity raised with €8.2B (41.0% of equity).
AI was the most-funded sector at €3.2B in equity (15.8%).
The ten largest rounds accounted for 44.0% of disclosed capital, led by Pure Data Centres (Pure DC)'s €2.3B.
114 exits were recorded this quarter worth a combined €5.0B.
Equity funding
€20B
▲ +9.9%excl. debt & grants · +€3.9B debt
Funding rounds
869
▼ -2.2%Companies funded
858
▼ -3.1%Named investors
2,141
▼ -6.0%Exits
114
▼ -17.4%Provenance: 88% of 869 rounds disclosed an amount · 95% of priced rounds are high-confidence · EUR totals reconcile to ECB at-date within -0.04%
Methodology →Investments
Funding within Q2 2026
by monthFunding within Q2 2026 — interactive chart.
Data table
| Amount | Deals | |
|---|---|---|
| Apr | €5.4B | 303 |
| May | €11B | 265 |
| Jun | €8.3B | 301 |
Biggest deals
top 10 by amount- 1Pure Data Centres (Pure DC)Debt · UK · May 2026€2.3B
- 2Isomorphic LabsSeries B · UK · May 2026€1.8B
- 3Neura RoboticsSeries C · Germany · Jun 2026€1.2B
- 4Stegra (H2 Green Steel)Other · Sweden · Apr 2026€1.2B
- 5Ineffable IntelligenceSeed · UK · Apr 2026€936M
- 6KplerOther · Belgium · Jun 2026€861M
- 7NscaleDebt · UK · May 2026€671M
- 8EburyOther · UK · May 2026€635M
- 9Recursive SuperintelligenceOther · UK · May 2026€555M
- 10StarkOther · Germany · Jun 2026€500M
Concentration
top 10 deals44.0%
of disclosed capital came from the ten largest rounds.
Top 10 total
€11B
Period total
€24B
Countries
Top countries
equity raisedQ2 2026 — top countries — interactive chart.
Data table
| Q2 2026 — top countries | |
|---|---|
| UK | €8.2B |
| Germany | €3.4B |
| France | €1.8B |
| Sweden | €1.5B |
| Belgium | €1.0B |
| Spain | €880M |
| Netherlands | €752M |
| Finland | €664M |
| Türkiye | €388M |
| Switzerland | €340M |
Capital by country
share of equityQ2 2026 — capital by country — interactive chart.
Data table
| Q2 2026 — capital by country | |
|---|---|
| UK | €8.2B |
| Germany | €3.4B |
| France | €1.8B |
| Sweden | €1.5B |
| Belgium | €1.0B |
| Spain | €880M |
| Netherlands | €752M |
| Finland | €664M |
| Türkiye | €388M |
| Switzerland | €340M |
| Other | €1.2B |
Geographic distribution
European countries shown · click a countryQ2 2026 — geographic distribution — interactive chart.
Industries
Top sectors
equity raisedQ2 2026 — top sectors — interactive chart.
Data table
| Q2 2026 — top sectors | |
|---|---|
| AI | €3.2B |
| Healthtech | €2.7B |
| Software | €2.4B |
| Fintech | €2.3B |
| Cleantech | €1.5B |
| Robotics | €1.5B |
| Deeptech | €1.3B |
| Space | €1.0B |
| Semiconductors | €816M |
| Cybersecurity | €749M |
Capital by sector
share of equityQ2 2026 — capital by sector — interactive chart.
Data table
| Q2 2026 — capital by sector | |
|---|---|
| AI | €3.2B |
| Healthtech | €2.7B |
| Software | €2.4B |
| Fintech | €2.3B |
| Cleantech | €1.5B |
| Robotics | €1.5B |
| Deeptech | €1.3B |
| Space | €1.0B |
| Other | €5.1B |
Stages
Funding by stage
total euro raised by round typeQ2 2026 — funding by stage — interactive chart.
Data table
| Amount | |
|---|---|
| Pre-Seed | €197M |
| Seed | €1.7B |
| Series A | €1.7B |
| Series B | €3.2B |
| Series C | €2.2B |
| Series D+ | €3.0B |
| Growth/Late | €131M |
| Debt | €3.9B |
| Grant | €208M |
| Crowdfunding | €3.1M |
| Other | €8.0B |
Exits
Exit activity
114
exits recorded
€5.0B
combined disclosed value
Exits breakdown
by typeQ2 2026 — exits by type — interactive chart.
Data table
| Q2 2026 — exits by type | |
|---|---|
| Acquisition | 111 |
| Merger | 3 |