Hardware startup funding in Europe
European funding attributed to this sector (companies tagged with it).
678 European Hardware companies have closed 1,254 funding rounds and raised €8.7B in equity funding (excluding debt and grants). Debt rounds added €699M. UK leads by capital raised, and Bpifrance is the most active investor. Data as of 4 Nov 2026.
#24 sector by equity raised — 1.2% of European sector equity funding.
Equity funding
€8.7B
excl. debt & grants · +€699M debt
Funding rounds
1,254
Companies
678
Avg round
€8.8M
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsHardware — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €38M | 9 |
| 2011 | €15M | 16 |
| 2012 | €88M | 17 |
| 2013 | €122M | 38 |
| 2014 | €158M | 96 |
| 2015 | €404M | 137 |
| 2016 | €839M | 198 |
| 2017 | €1.3B | 161 |
| 2018 | €540M | 72 |
| 2019 | €606M | 85 |
| 2020 | €1.2B | 83 |
| 2021 | €934M | 101 |
| 2022 | €595M | 62 |
| 2023 | €452M | 54 |
| 2024 | €238M | 41 |
| 2025 | €712M | 34 |
| 2026 | €444M | 36 |
Top deals
largest disclosed rounds| Company | Country | Stage | Amount | Date | |
|---|---|---|---|---|---|
| EcoDataCenter | Sweden | Debt | €600M | 2025-09-09 | View → |
| EcoDataCenter | Sweden | Other | €450M | 2025-03-05 | View → |
| Truphone | UK | Other | €289M | 2017-10-02 | View → |
| Wiliot | Israel | Series C | €168M | 2021-07-29 | View → |
| SIGFOX | France | Series D+ | €150M | 2016-10-01 | View → |
| Kinexon | Germany | Series A | €122M | 2022-04-26 | View → |
| SIGFOX | France | Series D+ | €102M | 2015-02-01 | View → |
| Onomondo | Denmark | Other | €100M | 2026-09-30 | View → |
| Kinéis | France | Early VC | €100M | 2020-02-03 | View → |
| DoiT International | Israel | Series A | €92M | 2019-10-01 | View → |
| Bima | Sweden | Other | €91M | 2017-04-01 | View → |
| Tink | Sweden | Other | €90M | 2020-01-20 | View → |
Top investors
named, by deal count- Bpifrance22 deals
- High-Tech Gründerfonds (HTGF)13 deals
- Intel Capital11 deals
- Atomico9 deals
- Qualcomm Ventures9 deals
- Startupbootcamp9 deals
- Dawn Capital8 deals
- Pitango Venture Capital8 deals
- Robert Bosch Venture Capital8 deals
- Almi Invest7 deals
Top countries
total € raised · click a bar to openHardware — top countries — interactive chart.
Data table
| Hardware — top countries | |
|---|---|
| UK | €2.0B |
| Sweden | €1.9B |
| Israel | €1.5B |
| France | €1.2B |
| Germany | €904M |
| Switzerland | €369M |
| Finland | €328M |
| Norway | €223M |
| Denmark | €203M |
| Netherlands | €152M |
Stage mix
share of disclosed €Hardware — stage mix — interactive chart.
Data table
| Hardware — stage mix | |
|---|---|
| Other | €3.3B |
| Series B | €1.3B |
| Series A | €1.3B |
| Series C | €1.1B |
| Series D+ | €796M |
| Debt | €699M |
| Seed | €358M |
| Growth/Late | €307M |
| Early VC | €292M |
| Grant | €40M |
| Pre-Seed | €23M |
| Crowdfunding | €15M |
| ICO | €1.2M |