Last month saw 401 VC investments across Europe, with $4.4bn invested in total – a 25% drop in funding volume compared to June last year, but a slight rebound from May’s lows
Number and volume of announced funding rounds over the past 12 months*
- Number of funding rounds
- Invested volume in $bn
Leading Industries and Investors
According to the number of industry mentions, AI startups lead the market with a total of 114 investments in the broader industry. Healthcare startups secured the second spot, down from the top spot with 107 investments, closely followed by FinTech startups (87). The top 3 lead by a significant margin before the next industry of Web, mentioned 38 times.
Regarding the investors behind those funding rounds, Bpifrance was the most active investor again with 10 announced investments. EIC Accelerator (8), the General Catalyst (6), Daphni (5), and Kima Ventures (5) close out the top 5 most active investors.
Top 10 Industries of Financed Startups
- AI
- Health Care
- FinTech
- Web
- Retail
- Energy
- Manufacturing
- Marketing
- Food and Beverage
- BioTech
Top 5 Investors with the highest number of deals
- Bpifrance
- EIC Accelerator
- General Catalyst
- Daphni
- Kima Ventures
Notable funding rounds across Europe
In June, the largest funding round was a $694 million (€590 million) Series D Round secured by Helsing. Helsing develops military drones as well as artificial intelligence software designed to enhance weapons systems and improve battlefield decision-making. Helsing was founded in 2021 in Munich (Germany) and raised the funds from Accel, General Catalyst, Lightspeed, Prima Materia, and others.
While Seed Rounds accounted for a major part of investment rounds, making up approximately 48% of the total rounds, the highest investment volume was seen in Series B Rounds, which accounted for $1 billion across 22 deals.
The largest Seed Round was secured by Quantix EdgeS. The company, founded only in 2024 in Murcia (Spain), is a design and customization center for high performance cybersecurity chips. Quantix EdgeS raised $22.7 million (€19.3 million) from The Ministry for Digital Transformation and Public Administration of the Government of Spain.
Notable funding rounds across Europe
In June, the largest funding round was a $694 million (€590 million) Series D Round secured by Helsing. Helsing develops military drones as well as artificial intelligence software designed to enhance weapons systems and improve battlefield decision-making. Helsing was founded in 2021 in Munich (Germany) and raised the funds from Accel, General Catalyst, Lightspeed, Prima Materia, and others.
While Seed Rounds accounted for a major part of investment rounds, making up approximately 48% of the total rounds, the highest investment volume was seen in Series B Rounds, which accounted for $1 billion across 22 deals.
The largest Seed Round was secured by Quantix EdgeS. The company, founded only in 2024 in Murcia (Spain), is a design and customization center for high performance cybersecurity chips. Quantix EdgeS raised $22.7 million (€19.3 million) from The Ministry for Digital Transformation and Public Administration of the Government of Spain.
Number and total volume of financing rounds per stage
- Number of funding rounds per stage
- Volume of financing rounds per stage in $mn
Detailed overview by stage
European VC Industry Hotspots
When ranking by the number of conducted investments, London continues to remain the hotspot of the European VC industry, followed by Paris and Berlin. In May, Zurich and Stockholm complete the top 5 European VC cities.
The most investments in May were conducted in the UK (56), followed by France (29) and Germany (28).
When ranked by investment volume rather than deal count, Munich ($239mn) and Donostia–San Sebastián ($218mn) join London, Paris, and Berlin among the top five European VC cities.
VC Exit Overview
In June, 49 exits took place. For the first time in two month, an IPO took place.
With 20 exits, FinTech companies present the largest exit industry of the month, followed by Health Care (15) and AI (11) companies.
Most companies exited in the UK with 19 exits, followed by 8 companies in France.
- Number of Acquisition Exits
- Number of IPO Exits
PE Acquisitions Overview
In June, 46 PE acquisitions (10% of all VC and PE investment rounds) were conducted, an increase of 53% compared to last month.
With 16 acquisitions, the UK saw the highest number of companies acquired in June.
Health Care (13), Manufacturing (9) and Energy (6) were the top acquisition industries mentioned.
The standout deal was Latour Capitals €525 million acquisition of Lynxeo, Cable tech solutions for industry players from Courbevoie (France)
- % of all investment rounds
- Number of PE acquisitions
*All data from CrunchBase, as of July 4, 2025.
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