Sectors
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.
Top sectors by funding
total € raisedTop sectors by funding — interactive chart; use the “View data” link for the underlying figures.
Data table
| Amount | |
|---|---|
| Fintech | €133B |
| Software | €115B |
| Healthtech | €71B |
| Transportation | €59B |
| Cleantech | €47B |
| E-commerce | €46B |
| Energy | €43B |
| AI | €31B |
| Cybersecurity | €24B |
| Foodtech | €24B |
| Cloud | €22B |
| Media | €21B |
| Marketing | €20B |
| Telecom | €19B |
| Semiconductors | €15B |
| Travel | €13B |
| Robotics | €12B |
| Fashion | €12B |
| Consumer | €12B |
| Deeptech | €11B |
Top sectors by deals
by round countTop sectors by deals — interactive chart; use the “View data” link for the underlying figures.
Data table
| Value | |
|---|---|
| Software | 11,897 |
| Fintech | 6,654 |
| Healthtech | 5,780 |
| Marketing | 2,987 |
| Transportation | 2,799 |
| Media | 2,590 |
| E-commerce | 2,153 |
| Cleantech | 2,128 |
| Cybersecurity | 1,902 |
| Energy | 1,808 |
| Foodtech | 1,635 |
| Consumer | 1,559 |
| AI | 1,458 |
| Travel | 1,418 |
| Fashion | 973 |
| Deeptech | 777 |
| Telecom | 748 |
| Robotics | 646 |
| Semiconductors | 577 |
| Cloud | 340 |
Volume vs value
bubble = avg round sizeVolume vs value — interactive chart; use the “View data” link for the underlying figures.
Data table
| Deals | Total € | |
|---|---|---|
| Fintech | 6,654 | €133B |
| Software | 11,897 | €115B |
| Healthtech | 5,780 | €71B |
| Transportation | 2,799 | €59B |
| Cleantech | 2,128 | €47B |
| E-commerce | 2,153 | €46B |
| Energy | 1,808 | €43B |
| AI | 1,458 | €31B |
| Cybersecurity | 1,902 | €24B |
| Foodtech | 1,635 | €24B |
| Cloud | 340 | €22B |
| Media | 2,590 | €21B |
| Marketing | 2,987 | €20B |
| Telecom | 748 | €19B |
| Semiconductors | 577 | €15B |
| Travel | 1,418 | €13B |
| Robotics | 646 | €12B |
| Fashion | 973 | €12B |
| Consumer | 1,559 | €12B |
| Deeptech | 777 | €11B |
Sector share
of sector-attributed €Sector share — interactive chart; use the “View data” link for the underlying figures.
Data table
| Amount | |
|---|---|
| Fintech | €133B |
| Software | €115B |
| Healthtech | €71B |
| Transportation | €59B |
| Cleantech | €47B |
| E-commerce | €46B |
| Energy | €43B |
| AI | €31B |
| Cybersecurity | €24B |
| Foodtech | €24B |
| Other sectors | €234B |
Sector rotation
2024 → 2025, biggest movers| 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% |
All ranked sectors
click to explore| Sector | Total € | Deals | Avg round | Share |
|---|---|---|---|---|
| Fintech | €133B | 6,654 | €23M | 16.1% |
| Software | €115B | 11,897 | €11M | 13.9% |
| Healthtech | €71B | 5,780 | €14M | 8.6% |
| Transportation | €59B | 2,799 | €25M | 7.1% |
| Cleantech | €47B | 2,128 | €25M | 5.7% |
| E-commerce | €46B | 2,153 | €25M | 5.6% |
| Energy | €43B | 1,808 | €28M | 5.2% |
| AI | €31B | 1,458 | €24M | 3.8% |
| Cybersecurity | €24B | 1,902 | €15M | 3.0% |
| Foodtech | €24B | 1,635 | €18M | 2.9% |
| Cloud | €22B | 340 | €73M | 2.6% |
| Media | €21B | 2,590 | €9.8M | 2.6% |
| Marketing | €20B | 2,987 | €7.9M | 2.4% |
| Telecom | €19B | 748 | €29M | 2.3% |
| Semiconductors | €15B | 577 | €29M | 1.8% |
| Travel | €13B | 1,418 | €11M | 1.5% |
| Robotics | €12B | 646 | €22M | 1.5% |
| Fashion | €12B | 973 | €15M | 1.4% |
| Consumer | €12B | 1,559 | €9.0M | 1.4% |
| Deeptech | €11B | 777 | €16M | 1.4% |
| Gaming | €11B | 1,220 | €11M | 1.4% |
| Proptech | €9.7B | 1,286 | €9.1M | 1.2% |
| Edtech | €9.7B | 1,417 | €8.0M | 1.2% |
| Hardware | €9.5B | 1,254 | €8.8M | 1.1% |
| HRtech | €8.7B | 1,180 | €8.5M | 1.0% |
| Space | €7.4B | 265 | €31M | 0.9% |
| Agritech | €6.3B | 750 | €9.5M | 0.8% |
| Sports | €4.9B | 731 | €7.7M | 0.6% |
| Legaltech | €4.2B | 450 | €11M | 0.5% |
| Wellness & Beauty | €2.9B | 652 | €5.5M | 0.4% |
| Defence | €2.3B | 135 | €21M | 0.3% |
| Blockchain | €263M | 23 | €13M | 0.0% |