Women-founded startups in Europe
The latest data and trends in Europe's women-founded startups: venture capital, exits, leading hubs and innovation.
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Scope and source
Companies must also meet Dealroom's startup definition (venture-backed, in-scope sectors). The geography is Europe, and funding figures are venture capital, excluding grants, debt and public offerings.
Why it matters
Women-founded companies still raise a small share of European venture capital. Tracking the gap, and where it is narrowing, is why this guide leads with the definition: the numbers only mean something once it is clear who is counted.
Annual venture capital
Quarterly venture capital
Women-founded venture capital raised by stage
Women-founded venture capital raised by stage, quarterly
Startup
Breakout
Scaleup
Most active investors in women-founded startups
Most active Women-founded investors
| # | Investor | Type | Women-founded rounds | Women-founded companies | HQ |
|---|---|---|---|---|---|
| 1 | Other | 188 | 139 | Dublin, Ireland | |
| 2 | Sovereign wealth fund | 176 | 140 | Maisons-Alfort, France | |
| 3 | Accelerator | 163 | 122 | Singapore, Singapore | |
| 4 | Venture capital | 150 | 107 | London, United Kingdom | |
| 5 | Accelerator | 148 | 122 | New York City, United States | |
| 6 | Venture capital | 120 | 78 | Bonn, Germany | |
| 7 | Venture capital | 119 | 63 | Luxembourg, Luxembourg | |
| 8 | Accelerator | 114 | 114 | Leuven, Belgium | |
| 9 | Accelerator | 97 | 55 | San Francisco, United States | |
| 10 | Venture capital | 96 | 82 | Sunnyvale, United States |
Source: Dealroom.co
Top companies
Top funded
All-time total funding (includes non-VC sources)
- 1
BioNTechMainz, Germany$1.7B - 2
ŌURAOulu, Finland$1.3B - 3
Starling BankLondon, United Kingdom$1.1B - 4
AMI - Advanced Machine IntelligenceParis, France$1.0B - 5
NewcleoLyon, France$938M - 6
WorldRemitLondon, United Kingdom$922M - 7
Relex SolutionsHelsinki, Finland$784M - 8
OdaOslo, Norway$763M - 9
KryStockholm, Sweden$721M - 10
The Exploration CompanyPlanegg, Germany$665M
Hottest (Dealroom Signal)
Ranked by Dealroom's growth indicator
- 1
ŌURAOulu, Finland99 - 2
VintedVilnius, Lithuania97 - 3
NablaParis, France97 - 4
SynthesiaLondon, United Kingdom97 - 5
CleoLondon, United Kingdom97 - 6
Vivan TherapeuticsLondon, United Kingdom97 - 7
Focused EnergyDarmstadt, Germany96 - 8
Aikido SecurityGhent, Belgium96 - 9
ProVerumDublin, Ireland96 - 10
ImpressBarcelona, Spain96
Source: Dealroom.co
Top hubs
Top metro regions
Women-founded startups venture capital by metro · Last 12 months to end of Q3 2026
- 🇬🇧LondonUnited Kingdom$2.0B
- 🇫🇷ParisFrance$1.9B
- 🇩🇪MunichGermany$692M
- 🇪🇸BarcelonaSpain$412M
- 🇬🇧ReadingUnited Kingdom$350M
- 🇩🇪FrankfurtGermany$252M
- 🇸🇪StockholmSweden$210M
- 🇬🇧Cambridge (UK)United Kingdom$179M
- 🇫🇷GrenobleFrance$173M
- 🇮🇹MilanItaly$165M
Top metro regions
Women-founded startups venture capital by metro · 2026 Q1-3 (year to date)
- 🇫🇷ParisFrance$1.7B
- 🇬🇧LondonUnited Kingdom$1.5B
- 🇩🇪MunichGermany$602M
- 🇬🇧ReadingUnited Kingdom$350M
- 🇪🇸BarcelonaSpain$292M
- 🇩🇪FrankfurtGermany$252M
- 🇮🇹MilanItaly$165M
- 🇫🇷GrenobleFrance$148M
- 🇩🇪Berlin/BrandenburgGermany$138M
- 🇩🇰CopenhagenDenmark$119M
Top metro regions
Women-founded startups venture capital by metro · Q3 2026
- 🇩🇪MunichGermany$457M
- 🇬🇧LondonUnited Kingdom$326M
- 🇫🇷ParisFrance$250M
- 🇳🇱AmsterdamNetherlands$91M
- 🇩🇪Berlin/BrandenburgGermany$77M
- 🇪🇸BarcelonaSpain$75M
- 🇬🇧Cardiff-NewportUnited Kingdom$65M
- 🇬🇧BirminghamUnited Kingdom$35M
- 🇮🇹TurinItaly$30M
- 🇩🇪HamburgGermany$23M
Top metro regions
Women-founded startups enterprise value by metro
- 🇺🇸Bay AreaUnited States$1.4T
- 🇬🇧Cambridge (UK)United Kingdom$365.8B
- 🇬🇧LondonUnited Kingdom$84.8B
- 🇺🇸New York CityUnited States$81.9B
- 🇧🇷São PauloBrazil$66.0B
- 🇨🇳ShanghaiChina$62.7B
- 🇦🇺SydneyAustralia$42.3B
- 🇺🇸BostonUnited States$34.6B
- 🇫🇷ParisFrance$33.8B
- 🇩🇪FrankfurtGermany$26.4B
Top metro regions
Women-founded startups unicorns by metro
- 🇺🇸Bay AreaUnited States62
- 🇬🇧LondonUnited Kingdom20
- 🇺🇸New York CityUnited States20
- 🇺🇸BostonUnited States9
- 🇨🇳ShanghaiChina6
- 🇺🇸AustinUnited States5
- 🇮🇱Tel AvivIsrael5
- 🇫🇷ParisFrance5
- 🇬🇧Cambridge (UK)United Kingdom4
- 🇺🇸Los AngelesUnited States4
Women-founded startups on the map
Notable rounds
Biggest Women-founded rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Feb 2026 | AMI - Advanced Machine Intelligence | $1.0B | SEED | Greycroft Partners, HV Capital |
| Sep 2026 | The Exploration Company | $450M | SERIES C | Atomico, Bessemer Venture Partners |
| Jun 2026 | Oxford Quantum Circuits | $350M | SERIES C | Bullhound Capital |
| May 2026 | Focused Energy | $240M | SERIES A | RWE |
| Aug 2026 | Volta | $225M | SERIES A | Altimeter Capital, Andreessen Horowitz |
| Jul 2026 | Skello | $220M | GROWTH EQUITY VC | Bridgepoint |
| Mar 2026 | Entrepreneurs First | $200M | SERIES D | Charlie Songhurst, Claire Hughes Johnson |
| Jan 2026 | Synthesia | $200M | SERIES E | Evantic, GV |
| Jun 2026 | Quobly | $126M | SERIES A | Bpifrance, Sealsq |
| Sep 2026 | iPronics | $125M | SERIES B | Light Street Capital Management, Maverick Silicon |
| Jun 2026 | RQ Biotechnology | $114M | SERIES A | Frazier Life Sciences |
| Oct 2025 | Dexory | $100M | SERIES C | Endeavor Catalyst, Eurazeo |
| Oct 2025 | Einride | $100M | LATE VC | EQT Ventures, IonQ |
| Feb 2026 | Dental Monitoring | $92M | LATE VC | ISALT Gestion, Lazard Elaia Capital |
| Mar 2026 | Jimmy | $88M | LATE VC | ADEME Investissement, Crédit Mutuel Impact |
Biggest Women-founded rounds · 2026 Q1-3 (year to date) (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Feb 2026 | AMI - Advanced Machine Intelligence | $1.0B | SEED | Greycroft Partners, HV Capital |
| Sep 2026 | The Exploration Company | $450M | SERIES C | Atomico, Bessemer Venture Partners |
| Jun 2026 | Oxford Quantum Circuits | $350M | SERIES C | Bullhound Capital |
| May 2026 | Focused Energy | $240M | SERIES A | RWE |
| Aug 2026 | Volta | $225M | SERIES A | Altimeter Capital, Andreessen Horowitz |
| Jul 2026 | Skello | $220M | GROWTH EQUITY VC | Bridgepoint |
| Mar 2026 | Entrepreneurs First | $200M | SERIES D | Charlie Songhurst, Claire Hughes Johnson |
| Jan 2026 | Synthesia | $200M | SERIES E | Evantic, GV |
| Jun 2026 | Quobly | $126M | SERIES A | Bpifrance, Sealsq |
| Sep 2026 | iPronics | $125M | SERIES B | Light Street Capital Management, Maverick Silicon |
| Jun 2026 | RQ Biotechnology | $114M | SERIES A | Frazier Life Sciences |
| Feb 2026 | Dental Monitoring | $92M | LATE VC | ISALT Gestion, Lazard Elaia Capital |
| Mar 2026 | Jimmy | $88M | LATE VC | ADEME Investissement, Crédit Mutuel Impact |
| Jun 2026 | Ona Therapeutics | $87M | SERIES B | Columbus Venture Partners, Mérieux Equity Partners |
| Jun 2026 | THEKER | $85M | SERIES A | CRV |
Biggest Women-founded rounds · Q3 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Sep 2026 | The Exploration Company | $450M | SERIES C | Atomico, Bessemer Venture Partners |
| Aug 2026 | Volta | $225M | SERIES A | Altimeter Capital, Andreessen Horowitz |
| Jul 2026 | Skello | $220M | GROWTH EQUITY VC | Bridgepoint |
| Sep 2026 | iPronics | $125M | SERIES B | Light Street Capital Management, Maverick Silicon |
| Jul 2026 | Draig Therapeutics | $65M | SERIES B | Deep Track Capital |
| Jul 2026 | Leo Cancer Care | $65M | SERIES D | Yu Galaxy |
| Jul 2026 | Ábaco | $53M | EARLY VC | Accial Capital, Alaya Capital Partners |
| Sep 2026 | Strike | $45M | LATE VC | Freston Ventures |
| Aug 2026 | Kynexis | $44M | SERIES A | Novartis Venture Fund |
| Aug 2026 | Ore Energy | $43M | SERIES A | HV Capital, Plural |
| Jul 2026 | Alchemab Therapeutics | $33M | SERIES A | British Business Bank |
| Jul 2026 | Arboreal | $31M | SERIES A | EAAA Alternatives, Omnivore |
| Jul 2026 | Theo | $28M | SERIES A | BlackRock, Insight Partners |
| Jul 2026 | Greyparrot | $27M | SERIES B | |
| Jul 2026 | Young Platform | $25M | LATE VC | Azimut Group |
Source: Dealroom.co · Updated 12 Oct 2026
Leading industries
Unicorns & exits
The women-founded startup funnel
Loading funnel…
Fetching data.
The academic flywheel
Women-founded startup IP & patents
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