European tech · Deep tech

Deep tech is 55% of European VC in 2026, up from 21% in 2020

VC invested in European companies: deep tech’s share per year, and the money by sector in 2026

Deep tech’s share of European VC

0%20%40%60%20142016201821%20202022202455%2026*

Where it goes: European VC in 2026 so far

Frontier AI models$12BDefence$8.6BEnergy$7.9BAI × drug discovery$7.8BSpace$7.1BSemiconductors$5.6BRobotics$3.7BQuantum$2.3BNuclear fusion$774MAI × engineering$580MAI × materials$573M
8

Source: Dealroom.co, 9 November 2026. VC rounds; founding or HQ in Europe; mature companies excluded. *2026 to 9 November 2026. Deep tech and sectors as tagged by Dealroom; a company can sit in more than one sector, so the bars overlap and do not add up.

ChemAI Dealroom.co