European funding trends & momentum · Tech.eu Funding Explorer
Trends
Momentum, concentration, seasonality and movers across European tech funding. 2026 is a partial year — data ends mid-year, so its totals and shares run below a full twelve months.
Bars are disclosed € raised per quarter; the line is deal count. Headline stats use the latest complete quarter (2026-Q2): QoQ compares its € with the prior quarter, YoY with the same quarter a year earlier. The in-progress 2026-Q3 is still accruing, so it is excluded from the headline figures; the chart stops at the current quarter and shows no future periods.
Share of each year's total € captured by its ten largest rounds. In 2025 the top 10 rounds were 17.7% of all € (vs 18.9% in 2016). Higher means a few mega-rounds dominate the year.
Country vs sector concentration
Herfindahl × 10,000
Country vs sector concentration — interactive chart.
HHI is the sum of squared € shares (×10,000): higher = more concentrated, lower = more spread out. 2025: country HHI 1,491, sector HHI 849. For reference, 10,000 = one country/sector took everything.
Seasonality
avg per month, 2010–2025
Avg € raised by month
Average monthly funding — interactive chart.
Avg deals by month
Average monthly deals — interactive chart.
Averaged across full years 2010–2025 (partial 2026 excluded). Jan is the busiest month by € (€4.5B avg); Aug the lightest (€2.5B).
Debt-stage rounds (debt, debt financing, convertibles) versus all other € raised each year. In 2025, debt was 22.2% of total € (€16B of €72B). Debt share tends to rise when equity tightens. 2026 is partial.
Change in each sector's / country's share of total € raised between 2024 and 2025(both full years). The pill shows the change in percentage points; the small figures are the share in each year. Entries below 1% share in both years are omitted as noise.
