Sectors/Cloud/2021

Cloud funding in 2021

European Cloud startup funding raised during 2021.

In 2021, 53 European Cloud companies raised a combined €2.2B across 60 funding rounds. Israel led by capital raised, and Insight Partners was the most active investor. Data as of 21 Aug 2026.

Total funding

€2.2B

disclosed, € normalized

Funding rounds

Companies

Top country

Israel

Break down 2021 by period

Half-year

H1 H2

Quarters

Q1 Q3

Rank among sectors

#18

1.5% of sector funding

Debt financing

€100M

4.5% of total

Top-10 round share

78.1%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top countries

by € raised

Top deals

largest disclosed rounds in 2021

Company	Stage	Date	Amount
Snyk	Series D+	Sep 2021	€448M
Snyk	Series D+	Mar 2021	€252M
OwnBackup	Series D+	Aug 2021	€205M
DriveNets	Other	Jan 2021

View all 60 Cloud deals in 2021 →

Top investors

most active in 2021, by deal count

← All-time Cloud funding

Exits & M&A

21 Acquisition · 1 Buyout

24 exits · €7.3B disclosed.

Vonage	Acquisition	Nov 2021	€5.5B
Green Mountain	Acquisition	Jul 2021	€722M
Cancom	Acquisition	Jul 2021	€398M
Verne Global	Acquisition	Sep 2021	€269M
Global Data Center	Acquisition	Aug 2021	€257M
Oqton	Acquisition	Sep 2021	€152M