E-commerce startup funding in Europe
European funding attributed to this sector (companies tagged with it).
1,144 European E-commerce companies have closed 2,153 funding rounds and raised €40B in equity funding (excluding debt and grants). Debt rounds added €6.9B. Germany leads by capital raised, and Index Ventures is the most active investor. Data as of 6 Nov 2026.
#5 sector by equity raised — 5.6% of European sector equity funding.
Equity funding
€40B
excl. debt & grants · +€6.9B debt
Funding rounds
2,153
Companies
1,144
Avg round
€25M
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsE-commerce — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €158M | 45 |
| 2011 | €296M | 55 |
| 2012 | €375M | 92 |
| 2013 | €230M | 129 |
| 2014 | €1.1B | 169 |
| 2015 | €2.2B | 166 |
| 2016 | €1.5B | 191 |
| 2017 | €2.5B | 139 |
| 2018 | €1.3B | 79 |
| 2019 | €2.0B | 58 |
| 2020 | €6.4B | 131 |
| 2021 | €12B | 290 |
| 2022 | €3.9B | 177 |
| 2023 | €2.1B | 142 |
| 2024 | €1.6B | 92 |
| 2025 | €1.0B | 64 |
| 2026 | €407M | 45 |
Top deals
largest disclosed rounds| Company | Country | Stage | Amount | Date | |
|---|---|---|---|---|---|
| Delivery Hero | Germany | Other | €2.3B | 2020-01-17 | View → |
| Allegro | Poland | Other | €2.0B | 2020-09-28 | View → |
| Delivery Hero | Germany | Debt | €1.4B | 2022-04-04 | View → |
| Trendyol | Türkiye | Other | €1.3B | 2021-08-11 | View → |
| Delivery Hero | Germany | Debt | €1.3B | 2021-09-03 | View → |
| Cinch | UK | Growth/Late | €1.2B | 2021-05-20 | View → |
| Wayflyer | Ireland | Other | €931M | 2023-09-06 | View → |
| Grover | Germany | Debt | €847M | 2021-07-28 | View → |
| Getir | Türkiye | Series D+ | €695M | 2022-03-17 | View → |
| Flink | Germany | Series B | €665M | 2021-12-10 | View → |
| Delivery Hero | Germany | Other | €656M | 2017-08-28 | View → |
| Picnic | Netherlands | Series D+ | €600M | 2021-09-16 | View → |
Top investors
named, by deal count- Index Ventures31 deals
- DN Capital28 deals
- Kima Ventures28 deals
- Accel27 deals
- Balderton Capital25 deals
- Rocket Internet SE23 deals
- Bpifrance22 deals
- Point Nine Capital22 deals
- Creandum18 deals
- Global Founders Capital18 deals
Top countries
total € raised · click a bar to openE-commerce — top countries — interactive chart.
Data table
| E-commerce — top countries | |
|---|---|
| Germany | €17B |
| UK | €6.5B |
| France | €3.7B |
| Türkiye | €3.4B |
| Netherlands | €3.1B |
| Poland | €2.3B |
| Ireland | €2.2B |
| Spain | €1.8B |
| Sweden | €1.7B |
| Russia | €1.0B |
Stage mix
share of disclosed €E-commerce — stage mix — interactive chart.
Data table
| E-commerce — stage mix | |
|---|---|
| Other | €20B |
| Debt | €6.9B |
| Series D+ | €6.5B |
| Growth/Late | €3.5B |
| Series B | €3.3B |
| Series C | €2.8B |
| Series A | €2.3B |
| Seed | €919M |
| Early VC | €463M |
| Pre-Seed | €61M |
| Crowdfunding | €14M |
| Grant | €2.8M |