Funding attributed across 32 sectors parsed from company industries (Defence also from company tags). A round counts toward each of its company's sectors. Charts show the top 20; the table lists all.
| Sector | 2024 share | 2025 share | Shift (pp) |
|---|---|---|---|
| Cleantech | 17.6% | 4.3% | ▼ -13.4% |
| Transportation | 14.5% | 3.8% | ▼ -10.8% |
| Telecom | 0.7% | 6.6% | ▲ +5.9% |
| Software | 10.1% | 14.5% | ▲ +4.4% |
| Healthtech | 6.9% | 10.7% | ▲ +3.7% |
| AI | 4.2% | 7.4% | ▲ +3.2% |
| Deeptech | 4.3% | 2.6% | ▼ -1.7% |
| Cloud | 1.9% | 3.4% | ▲ +1.5% |
| Hardware | 0.3% | 1.8% | ▲ +1.5% |
| Gaming | 0.7% | 2.1% | ▲ +1.4% |
| Semiconductors | 1.1% | 2.3% | ▲ +1.2% |
| Energy | 9.1% | 10.3% | ▲ +1.2% |
| Sector | Total € | Deals | Avg round | Share |
|---|---|---|---|---|
| Fintech | €131B | 6,625 | €23M | 16.1% |
| Software | €114B | 11,840 | €11M | 13.9% |
| Healthtech | €70B | 5,739 | €13M | 8.5% |
| Transportation | €59B | 2,785 | €25M | 7.2% |
| Cleantech | €47B | 2,119 | €25M | 5.7% |
| E-commerce | €46B | 2,149 | €25M | 5.7% |
| Energy | €42B | 1,791 | €27M | 5.2% |
| AI | €30B | 1,430 | €24M | 3.7% |
| Cybersecurity | €24B | 1,887 | €14M | 2.9% |
| Foodtech | €24B | 1,632 | €18M | 2.9% |
| Cloud | €22B | 338 | €73M | 2.7% |
| Marketing | €20B | 2,986 | €7.9M | 2.4% |
| Media | €20B | 2,586 | €9.1M | 2.4% |
| Telecom | €19B | 746 | €29M | 2.3% |
| Semiconductors | €15B | 575 | €29M | 1.8% |
| Travel | €13B | 1,415 | €11M | 1.6% |
| Robotics | €12B | 640 | €22M | 1.5% |
| Fashion | €12B | 972 | €15M | 1.4% |
| Consumer | €12B | 1,558 | €9.0M | 1.4% |
| Deeptech | €11B | 764 | €16M | 1.4% |
| Gaming | €11B | 1,219 | €11M | 1.4% |
| Proptech | €9.7B | 1,282 | €9.2M | 1.2% |
| Edtech | €9.7B | 1,409 | €8.0M | 1.2% |
| Hardware | €9.4B | 1,252 | €8.7M | 1.2% |
| HRtech | €8.7B | 1,176 | €8.5M | 1.1% |
| Space | €7.2B | 259 | €31M | 0.9% |
| Agritech | €6.3B | 744 | €9.5M | 0.8% |
| Sports | €4.9B | 727 | €7.8M | 0.6% |
| Legaltech | €3.7B | 447 | €9.5M | 0.5% |
| Wellness & Beauty | €2.9B | 651 | €5.4M | 0.3% |
| Defence | €1.9B | 128 | €18M | 0.2% |
| Blockchain | €263M | 23 | €13M | 0.0% |
