Cleantech startup funding in Europe
European funding attributed to this sector (companies tagged with it).
1,286 European Cleantech companies have closed 2,127 funding rounds and raised €27B in equity funding (excluding debt and grants). Debt rounds added €19B. Sweden leads by capital raised, and High-Tech Gründerfonds (HTGF) is the most active investor. Data as of 6 Nov 2026.
#8 sector by equity raised — 3.8% of European sector equity funding.
Equity funding
€27B
excl. debt & grants · +€19B debt
Funding rounds
2,127
Companies
1,286
Avg round
€25M
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsCleantech — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €118M | 16 |
| 2011 | €110M | 18 |
| 2012 | €64M | 27 |
| 2013 | €104M | 53 |
| 2014 | €274M | 56 |
| 2015 | €417M | 56 |
| 2016 | €502M | 123 |
| 2017 | €523M | 88 |
| 2018 | €524M | 72 |
| 2019 | €920M | 77 |
| 2020 | €3.3B | 113 |
| 2021 | €4.7B | 220 |
| 2022 | €3.9B | 249 |
| 2023 | €4.5B | 329 |
| 2024 | €1.9B | 250 |
| 2025 | €2.0B | 204 |
| 2026 | €2.4B | 124 |
AI analysis mentioning Cleantech
AI-generated · figures verified · not investment adviceTop deals
largest disclosed rounds| Company | Country | Stage | Amount | Date | |
|---|---|---|---|---|---|
| Northvolt | Sweden | Debt | €4.6B | 2024-01-16 | View → |
| Stegra (H2 Green Steel) | Sweden | Debt | €4.5B | 2024-01-22 | View → |
| Northvolt | Sweden | Other | €2.3B | 2021-06-09 | View → |
| Stegra (H2 Green Steel) | Sweden | Other | €1.5B | 2023-09-07 | View → |
| Northvolt | Sweden | Other | €1.4B | 2020-08-05 | View → |
| Stegra (H2 Green Steel) | Sweden | Other | €1.2B | 2026-04-14 | View → |
| Northvolt | Sweden | Debt | €1.1B | 2023-08-22 | View → |
| Enpal | Germany | Debt | €1.1B | 2024-03-20 | View → |
| Northvolt | Sweden | Debt | €1.1B | 2023-12-20 | View → |
| Northvolt | Sweden | Debt | €1.1B | 2022-07-05 | View → |
| Northvolt | Sweden | Grant | €902M | 2024-01-10 | View → |
| Enpal | Germany | Debt | €855M | 2022-12-15 | View → |
Top investors
named, by deal count- High-Tech Gründerfonds (HTGF)32 deals
- Bpifrance29 deals
- Venture Kick21 deals
- Clean Growth Fund16 deals
- Lowercarbon Capital16 deals
- Demeter15 deals
- Speedinvest15 deals
- Crowdcube14 deals
- Invest-NL12 deals
- Innovate UK11 deals
Top countries
total € raised · click a bar to openCleantech — top countries — interactive chart.
Data table
| Cleantech — top countries | |
|---|---|
| Sweden | €24B |
| Germany | €7.2B |
| UK | €5.5B |
| France | €2.6B |
| Netherlands | €1.8B |
| Switzerland | €1.8B |
| Norway | €652M |
| Spain | €602M |
| Estonia | €458M |
| Finland | €443M |
Stage mix
share of disclosed €Cleantech — stage mix — interactive chart.
Data table
| Cleantech — stage mix | |
|---|---|
| Debt | €19B |
| Other | €18B |
| Series B | €2.1B |
| Series A | €2.1B |
| Grant | €1.5B |
| Series C | €1.3B |
| Series D+ | €902M |
| Seed | €895M |
| Growth/Late | €763M |
| Early VC | €373M |
| Pre-Seed | €101M |
| Crowdfunding | €22M |