Guides Europe

Venture capital in Europe: trends by city, state, industry vertical and more.

Europe

Introduction

Over the past two decades, Europe's tech scene has undergone a seismic shift, moving from an outsider to a global challenger. The continent is home to many of the world’s leading startup hubs such as London, Paris and Berlin to name a few.

Venture Capital

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By stage

  European VC investment peaked in 2021 during global surge in venture. Overall European VC is up 5x in the last decade. European startups now claim ~20% of global venture capital, up from 5% 20 years ago. Below we break venture capital into three distinct stages:
  • Early stage ($0-15M rounds)
  • Breakout stage ($15-100M rounds)
  • Scaleup ($100M+ rounds)
This provides more consistent and timeless segmentation of the startup & venture capital landscape (more so than self-reported round labeling, which are applied inconsistently, especially between business cycles). Early stage Early-stage European VC has been relatively stable in recent years Access early-stage funding rounds into European startups here on the Dealroom platform. Breakout stage Access breakout-stage funding rounds into European startups here on the Dealroom platform. Scaleup stage Access scaleup-stage funding rounds into European startups here on the Dealroom platform.

By industry

Health has been the most funded sector in Europe so far in 2025, with Fintech following close behind. Explore European VC investment by vertical here.

By leading segments

Explore leading segments in European startups in 2025 so far.

Geographic Investment

By country

In terms of leading national ecosystems in the European continent, the UK, France and Germany have raised the most VC investment in Europe over the past decade. Explore VC investment by country here.
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By city

London, Paris and Stockholm are the leading city ecosystems in the European continent, but startup innovation is becoming increasingly distributed in Europe across other notable hubs which you can explore below.
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Investors

Top investors in Europe

Explore the data for the most active investors into the European startup ecosystem as well as the most active European investors here on the Dealroom platform.
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Unique active investors

Explore over 4k active investors in Europe here on the Dealroom platform.
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Europe is home to over 550 unicorns, explore these on the platform here. Interactive map below.
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Related content

Taxonomy: To learn how Dealroom defines its entities, taxonomy, filters and more, click here Report: Read our regular reports on European startup ecosystems here. Dealroom Data: Explore 90k+ funded startups headquartered in Europe