Cloud startup funding in Europe
European funding attributed to this sector (companies tagged with it).
198 European Cloud companies have closed 340 funding rounds and raised €9.9B in equity funding (excluding debt and grants). Debt rounds added €12B. UK leads by capital raised, and Ventech is the most active investor. Data as of 5 Nov 2026.
#21 sector by equity raised — 1.4% of European sector equity funding.
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsData table
| Equity | Rounds | |
|---|---|---|
| 2010 | €17M | 5 |
| 2011 | €99M | 11 |
| 2012 | €48M | 9 |
| 2013 | €54M | 10 |
| 2014 | €159M | 10 |
| 2015 | €129M | 10 |
| 2016 | €339M | 14 |
| 2017 | €280M | 21 |
| 2018 | €212M | 15 |
| 2019 | €303M | 11 |
| 2020 | €556M | 29 |
| 2021 | €2.1B | 60 |
| 2022 | €786M | 28 |
| 2023 | €105M | 23 |
| 2024 | €1.2B | 35 |
| 2025 | €1.6B | 23 |
| 2026 | €1.8B | 18 |
AI analysis mentioning Cloud
AI-generated · figures verified · not investment adviceCloud sector tops 30-day sector ranking on two deals
Cloud leads the 30-day sector ranking with €2.98B from just 2 deals, ahead of Healthtech's €1.53B across 35 deals and Fintech's €908M across 32 deals — a concentration driven by a small number of very…
AI leads 30-day sector funding ahead of Cloud
AI is the largest sector over the 30-day window with €3.7B across 35 deals, narrowly ahead of Cloud's €3.0B, though Cloud's total comes from just 2 deals compared to AI's broader base of 35.
Cloud sector concentration deepens on five deals
Cloud funding reached €3.42B in the recent 90-day window across just 5 deals, up from €2.999B across 4 deals in the prior period, a 14% increase in euro terms on one additional deal.
Top deals
largest disclosed rounds| Company | Country | Stage | Amount | Date | |
|---|---|---|---|---|---|
| Nscale | UK | Debt | €3.0B | 2026-09-28 | View → |
| Nscale | UK | Debt | €2.6B | 2026-09-01 | View → |
| Pure Data Centres (Pure DC) | UK | Debt | €2.3B | 2026-05-27 | View → |
| Nscale | UK | Series C | €1.7B | 2026-03-09 | View → |
| Nscale | UK | Debt | €1.2B | 2026-02-13 | View → |
| Nscale | UK | Series B | €937M | 2025-09-25 | View → |
| Nebius | Netherlands | Debt | €876M | 2025-06-02 | View → |
| Nscale | UK | Debt | €787M | 2026-07-07 | View → |
| Nscale | UK | Debt | €671M | 2026-05-11 | View → |
| Nebius | Netherlands | Other | €666M | 2024-12-02 | View → |
| Snyk | UK | Series D+ | €448M | 2021-09-10 | View → |
| Nscale | UK | Other | €369M | 2025-10-01 | View → |
Top investors
named, by deal count- Ventech9 deals
- Insight Partners7 deals
- Accel6 deals
- Salesforce Ventures6 deals
- Auriga Partners5 deals
- Bain Capital Ventures5 deals
- Boldstart Ventures4 deals
- Carmel Ventures4 deals
- Eden Ventures4 deals
- Goldman Sachs4 deals
Top countries
total € raised · click a bar to openData table
| Cloud — top countries | |
|---|---|
| UK | €16B |
| Netherlands | €1.9B |
| Israel | €1.3B |
| France | €1.0B |
| Finland | €420M |
| Russia | €235M |
| Spain | €227M |
| Germany | €193M |
| Lithuania | €147M |
| Austria | €101M |
Stage mix
share of disclosed €Data table
| Cloud — stage mix | |
|---|---|
| Debt | €12B |
| Other | €3.0B |
| Series C | €2.2B |
| Series D+ | €1.9B |
| Series B | €1.6B |
| Series A | €665M |
| Growth/Late | €369M |
| Seed | €121M |
| Early VC | €43M |
| Pre-Seed | €8.2M |
| Grant | €1.8M |