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Cloud funding in 2026

European Cloud startup funding raised during 2026.

In 2026, 12 European Cloud companies closed 17 funding rounds and raised €1.8B in equity funding (excluding debt and grants). Debt rounds added €11B. UK led by capital raised, and 8090 Industries was the most active investor. Data as of 28 Oct 2026.

Equity funding
€1.8B
excl. debt & grants · +€11B debt
Funding rounds
17
Companies
12
Top country
UK

Cloud: last three years

2026 is to date; no change shown against a full year
YearEquityChangeRoundsChangeDebt
2024€1.2B+1036.3%35+52.2%€241M
2025€1.6B+35.2%23-34.3%€878M
2026 (to date)€1.8B—17—€11B
Rank among sectors
#2
15.1% of sector funding
Debt financing
€11B
85.3% of total
Top-10 round share
99.9%
of disclosed capital
Rounds ≥ €100M
7

Funding by month

€ raised vs rounds, by month
Cloud — funding by month, 2026 — interactive chart.
Data table
FundingRounds
Jan€01
Feb€1.2B3
Mar€1.7B1
Apr€5.1M1
May€3.0B3
Jul€827M4
Sep€5.5B2
Oct€30M2

Top countries

by € raised
Cloud — top countries by capital, 2026 — interactive chart.
Data table
Cloud — top countries by capital, 2026
UK€12B
France€30M
Netherlands€26M
Italy€12M
Germany€9.2M
Sweden€4.2M
Poland€1.8M
Czech Republic€1.7M

Stage mix

by € raised
Cloud — stage mix, 2026 — interactive chart.
Data table
Cloud — stage mix, 2026
Debt€11B
Series C€1.7B
Other€78M
Seed€7.6M

Exits & M&A

4 Acquisition

4 exits.

Largest equity rounds

by disclosed amount, 2026
CompanyStageDateAmount
NscaleSeries CMar 2026€1.7B
VatesOtherOct 2026€30M
RaxioOtherJul 2026€26M
Babylon FacilitiesOtherJul 2026€12M
BlocksOtherApr 2026€5.1M
AirpelagoOtherFeb 2026€4.2M
enclaiveSeedFeb 2026€4.1M
cthings.coSeedJul 2026€1.8M
ZeropsSeedMay 2026€1.7M

Largest debt rounds

debt financing, 2026; not in the equity total
CompanyStageDateAmount
NscaleDebtSep 2026€3.0B
NscaleDebtSep 2026€2.6B
Pure Data Centres (Pure DC)DebtMay 2026€2.3B
NscaleDebtFeb 2026€1.2B
NscaleDebtJul 2026€787M

Top investors

most active in 2026, by deal count

Source: Tech.eu Funding Explorer · data as of 28 Oct 2026 · licence CC BY 4.0 · Methodology