European startups raised most capital since 2022
European startups and scaleups secured €39bn in equity funding in H1 2026, the most since H1 2022. While overall funding has grown, the number of large individual deals has decreased, with smaller rounds seeing significant growth.
European startups and scaleups raised €39bn in equity funding during the first half of 2026 (H1), marking the highest amount since H1 2022. This figure represents 72.8% of the total investment made across the entirety of 2025, indicating a strong recovery in venture capital.
Despite the overall increase in funding, the number of very large individual deals (over €100m) has seen a decline. Conversely, smaller funding rounds, particularly those under €100m, have experienced significant growth. This shift suggests a broader distribution of capital across a larger number of companies.
Sectors showing particular momentum include artificial intelligence (AI), cybersecurity, and fintech. AI startups, in particular, have attracted substantial investment, reflecting the ongoing boom in AI development and applications. Cybersecurity also remains a critical area, with increasing demand for robust defense solutions.
While the overall funding landscape shows signs of recovery, market analysts suggest that the environment will remain competitive. Startups with solid business models and clear market traction are likely to fare best in securing future investments.