Cleantech funding in Q4 2025

European Cleantech startup funding raised during Q4 2025.

In Q4 2025, 47 European Cleantech companies raised a combined €1.0B across 48 funding rounds, up 79.4% versus Q4 2024. Germany led by capital raised, and Almi Invest Greentech was the most active investor. Data as of 9 Jul 2026.

Total funding

€1.0B

+79.4% vs Q4 2024

Funding rounds

-23.8% vs Q4 2024

Companies

Top country

Germany

Rank among sectors

5.9% of sector funding

Debt financing

€720M

70.1% of total

Top-10 round share

90.1%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top countries

by € raised

Stage mix

by € raised

Top deals

largest disclosed rounds in Q4 2025

Company	Stage	Date	Amount
Enpal	Debt	Oct 2025	€700M
Refurbed	Other	Oct 2025	€51M
Fastned	Other	Nov 2025	€39M
Spark Cleantech	Series A	Dec 2025

View all 48 Cleantech deals in Q4 2025 →

Top investors

most active in Q4 2025, by deal count

Almi Invest Greentech2 deals
Zürcher Kantonalbank2 deals
Mercaton1 deals
Realyze Ventures1 deals
SLB1 deals
360 Capital1 deals
4see Ventures1 deals
55 North1 deals
Ajanta Innovations 2 Ky1 deals
AlbionVC1 deals

← All 2025 Cleantech funding