Number and amounts of announced funding rounds over the past 6 months*
(1) All data from crunchbase, as of December 4, 2023
AI startups take the third place for the most popular investment industry
- During November, 368 financing rounds were announced.
- The total amount invested in the announced financing rounds was $3.9bn, increasing by 35% compared to the previous month.
- Similar to previous months, most investments were made in Software companies, amounting to 84 investments. Investments in AI (48) take third place.
Top 10 industries of financed startups according to the number of conducted investments
Bpifrance is once again the most active investor
Investors with the highest number of investments in November
Number and total volume of financing rounds per stage
Largest round of November was a Series B of $500.0mn
In November, most investment rounds were Seed Rounds (~42%). Despite that, the largest volume of $1.2bn was invested in only 20 Series B Rounds. No Series D Round was conducted.
London is the European venture capital industry hotspot, while Paris takes the second spot; Heidelberg places second by volume
- The most investments in November were conducted in the UK (83), followed by France (61) and Germany (33).
- When ranking by investment volume instead of the number of conducted investments, London remains in first place ($1,112mn). However, Heidelberg ($500mn) would take second place, followed by Amsterdam ($207mn).
In the spotlight: Aleph Alpha raised $500mn in November in a Series B round
Company
Industry
Software, AI
Founded in
2019, Heidelberg (GER)
One-Sentence-Pitch
Aleph Alpha specializes in researching, developing, and implementing AI-based technologies for both public and private sectors.
Financing round
Money raised
$500mn
Type of financing round
Venture Round
Comment/Quote
Following a Seed Round of $6.4mn and a Series A Round of $27.2mn, Aleph Alpha raised a $500mn Series B Round. The company represents one of the strongest European competitors to U.S. dominance in the field of AI.
Investors
Partner with us
Unlock the full potential of your financial strategy with Trustventure’s expert guidance. Whether you’re navigating challenges in the financial sector, seeking advice on corporate financing, or enhancing your planning and controlling processes, we’re here to empower your journey and help you create transparency and confidence for both you and your investors.
Ready to elevate your financial game? Reach out to us today using our contact form or drop us a direct message at office@trustventure.de. Work with us to achieve your financial success!
Other articles
VC Landscape European Venture Capital Landscape – May 2026
With 293 investments and $6.3 billion raised across Europe, May saw a 31% increase in volume and 10% decrease in deal count month over month. The largest round of the month was a $2.1 billion Series B by the London-based company Isomorphic Labs an AI-first drug design and develoment company that transforms drug discovery to design and evaluate new medicines.
June 8, 2026
VC Landscape Germany Venture Capital Landscape – Q1 2026
Between an increase of 6.5% in invested VC volume and a €350mn funding round in the AI space, Germany is closing its venture capital landscape Q1 2026. Learn all about it in our latest analysis.
May 20, 2026
VC Landscape European Venture Capital Landscape – April 2026
With 327 investments and $4.8 billion raised across Europe, April saw a 42% decrease in volume and 9% fall in deal count month over month. The largest round of the month was a $1.1 billion Seed Round by the London-based company Ineffable Intelligence, which develops machine learning systems that learn through interaction and experience.
May 13, 2026
M&A European Roll-Up Market Report – April 2026
April 2026 presented a 0% year-over-year increase in the number of PE-backed acquisitions. In addition to Consulting, private equity investors are also targeting Software, FinTech and Transportation. Learn all about it in our report and case study, including NOD’s acquisition of Paintworks.
May 11, 2026
M&A European Roll-Up Market Report – March 2026
March 2026 presented a 19% year-over-year increase in the number of PE-backed acquisitions. In addition to FinTech, private equity investors are also targeting Consulting, Software and Marketing. Learn all about it in our report and case study, including Syndigo’s acquisition of Taggstar.
April 16, 2026
VC Landscape European Venture Capital Landscape – March 2026
With 360 investments and $8.2 billion raised across Europe, March saw a 86% increase in volume and 6% rise in deal count month over month. The largest round of the month was a $2.0 billion Series C by the London-based company Nscale, which builds AI data centers and provides GPU cloud infrastructure that companies use to train, run, and scale large AI models.
April 9, 2026
M&A European Roll-Up Market Report – February 2026
February 2026 presented a 44% year-over-year increase in the number of PE-backed acquisitions. In addition to Software, private equity investors are also targeting Consulting, Manufacturing and Health Care. Learn all about it in our report and case study, including Ryan’s acquisition of WYM Real Estate.
March 12, 2026
VC Landscape European Venture Capital Landscape – February 2026
With 339 investments and $4.4 billion raised across Europe, February saw a 6% increase in volume and 13% rise in deal count month over month. The largest round of the month was a $1.2 billion Series D by the London-based company Wayve, which develops autonomous driving technology using end-to-end deep learning models that enable vehicles to navigate urban environments.
March 5, 2026
M&A European Roll-Up Market Report – January 2026
January 2026 presented a 8% year-over-year increase in the number of PE-backed acquisitions. In addition to Food and Beverage, private equity investors are also targeting InsurTech and Consulting. Learn all about it in our report and case study, including ClearScore’s acquisition of Acre.
February 17, 2026
VC Landscape European Venture Capital Landscape – January 2026
With 299 investments and $4.2 billion raised across Europe, January saw a 7% decrease in volume and 1% reduction in deal count month over month. The largest round of the month was a $414 million Venture Round by the Montabaur-based company Klöckner Pentaplast, which is a manufacturer of plastic films and packaging for food, pharmaceutical, health, and durable products.
February 5, 2026