Sectors
Funding attributed across 20+ sectors parsed from company industries. A round counts toward each of its company's sectors.
Top sectors by funding
total € raisedTop sectors by funding — interactive chart; use the “View data” link for the underlying figures.
Top sectors by deals
by round countTop sectors by deals — interactive chart; use the “View data” link for the underlying figures.
Volume vs value
bubble = avg round sizeVolume vs value — interactive chart; use the “View data” link for the underlying figures.
Sector share
of sector-attributed €Sector share — interactive chart; use the “View data” link for the underlying figures.
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% | ▲ +3.8% |
| AI | 4.2% | 7.4% | ▲ +3.2% |
| Deeptech | 4.3% | 2.6% | ▼ -1.7% |
| Cloud | 1.9% | 3.5% | ▲ +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 | €128B | 6,540 | €22M | 16.4% |
| Software | €112B | 11,603 | €11M | 14.2% |
| Healthtech | €67B | 5,628 | €13M | 8.6% |
| Transportation | €58B | 2,759 | €25M | 7.4% |
| E-commerce | €46B | 2,136 | €25M | 5.9% |
| Cleantech | €46B | 2,067 | €25M | 5.8% |
| Energy | €41B | 1,756 | €27M | 5.2% |
| AI | €23B | 1,323 | €20M | 3.0% |
| Foodtech | €23B | 1,617 | €18M | 3.0% |
| Cybersecurity | €23B | 1,854 | €14M | 2.9% |
| Media | €20B | 2,579 | €9.1M | 2.5% |
| Marketing | €20B | 2,978 | €7.9M | 2.5% |
| Telecom | €19B | 740 | €29M | 2.4% |
| Cloud | €15B | 331 | €53M | 2.0% |
| Semiconductors | €14B | 557 | €28M | 1.8% |
| Travel | €13B | 1,409 | €11M | 1.6% |
| Fashion | €12B | 966 | €15M | 1.5% |
| Consumer | €11B | 1,550 | €8.9M | 1.5% |
| Gaming | €11B | 1,205 | €11M | 1.4% |
| Deeptech | €11B | 711 | €16M | 1.3% |