Last month saw 366 VC investments across Europe, with $3.3bn invested in total – a 34% drop in funding volume compared to July last year, a slight drop from June’s highs
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 conducted investments, Health Care leads with 108 rounds, followed by AI with 80 and FinTech with 58, each ahead by a significant margin of the next industry, Energy (49).
EIC Accelerator was the most active investor in July with 10 announced investments. Kima Ventures followed with 8, then Bpifrance and Founderful Campus with 7 each, and Bayern Kapital with 5, rounding out the top five most active investors.
Top 10 Industries of Financed Startups
- Health Care
- AI
- FinTech
- Energy
- Manufacturing
- Food and Beverage
- Retail
- Marketing
- Web
- BioTech
Top 5 Investors with the highest number of deals
- EIC Accelerator
- Kima Ventures
- Bpifrance
- Founderful Campus
- Bayern Kapital
Notable funding rounds across Europe
In July the largest funding round was a $200 million Series A by Stockholm-based AI startup Lovable, which became a unicorn with this investment. Lovable offers an AI-powered platform that enables users to build applications and software products without needing extensive coding skills. It was founded in 2023 in Stockholm, Sweden.
While Seed Rounds made up the largest share of rounds (37%), the highest investment volume was in Series A rounds, which accounted for $938 million across 54 deals.
The largest Seed Round was secured by Donut Lab. The company was founded in 2024 in Helsinki, Finland, and operates an electric vehicle development platform focused on delivering exceptional performance across vehicle categories. Donut Lab raised $29 million (€25 million) in July.
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
In July, London remained the leading hotspot for European VC by number of investments, followed by Berlin, Paris, Madrid, and Zurich.
The most investments by country were in the UK (95), then Germany (51) and France (41).
When ranked by investment volume instead of deal count, Stockholm ($216 million across 6 deals), Stuttgart ($141 million across 2 deals) and Basel ($100 million across 2 deals) join London and Berlin in the top five cities by volume.
VC Exit Overview
In July, 43 exits took place. After one IPO which took place June, there were no IPOs in July.
With 12 exits, AI companies present the largest exit industry of the month, followed by FinTech (10) and Marketing (7) companies.
Most companies exited in the UK with 13 exits, followed by 5 companies in Germany.
- Number of Acquisition Exits
- Number of IPO Exits
PE Acquisitions Overview
In July, 45 PE acquisitions (11% of all VC and PE investment rounds) were conducted, a decrease of 2% compared to last month.
With 11 acquisitions, the UK saw the highest number of companies acquired in July.
Manufacturing (11); FinTech (6) and Consulting (4) were the top acquisition industries mentioned.
The standout deal was Apollo €6.3 billion acquisition of IGT, leading global provider of gaming, digital and financial technology solutions.
- % of all investment rounds
- Number of PE acquisitions
*All data from CrunchBase, as of August 4, 2025.
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 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 – October 2025
October 2025 saw a decline in VC activity, with 397 investments and $5.3 billion raised across Europe, representing a 28% decrease in volume and 3% reduction in deal count month over month. The largest round of the month was a $433 million Series C Round by London-based AI platform Nscale, which provides a full-stack AI cloud platform designed for enterprise-scale workloads.
November 14, 2025
M&A European Roll-Up Market Report – September 2025
September 2025 presented a 4% year-over-year decrease in the number of PE-backed acquisitions. In addition to software, private equity investors are also targeting consulting and health care. Learn all about it in our report and case study, including Bionexo’s acquisition of Overmind.
October 30, 2025
VC Landscape Germany Venture Capital Landscape – Q3 2025
Between an decrease of 44% in invested VC volume and a €134mn funding round in the SaaS space, Germany is closing its venture capital landscape Q3 2025. Learn all about it in our latest analysis.
October 29, 2025
VC Landscape European Venture Capital Landscape – September 2025
September 2025 saw a rebound in VC activity, with 409 investments and $7.4 billion raised across Europe, representing a 409% increase in volume and 118% growth in deal count month over month. The largest round of the month was a $1.99 billion Series C Round by Paris-based AI platform Mistral AI, which offers large language models and AI services tailored to diverse enterprise applications.
October 28, 2025
M&A European Roll-Up Market Report – August 2025
August 2025 presented a 17% year-over-year decrease in the number of PE-backed acquisitions. In addition to software, private equity investors are also targeting marketing and retail. Learn all about it in our report and case study, including Pursuit Aerospace’s acquisition of Aeromet International.
September 9, 2025
VC Landscape European Venture Capital Landscape – August 2025
August 2025 saw a sharper pullback in VC activity, with 188 investments and $1.5 billion raised across Europe, representing a 56% decline in volume and 49% decline in deal count month over month. The largest round of the month was a $175 million Venture Round by Stockholm-based clean energy-tech company Aira, which provides heat pumps and home energy-saving solutions. Explore our full analysis for more.
September 8, 2025
M&A European Roll-Up Market Report – July 2025
July 2025 presented a 17 % year-over-year decrease in the number of PE-backed acquisitions. In addition to software and FinTech, private equity investors are also targeting health care. Learn all about it in our report and case study, including Xeinadin’s acquisition of FCC Chartered Accountants.
August 6, 2025
VC Landscape Germany Venture Capital Landscape – Q2 2025
Between an increase of 59% in invested VC volume and a €150mn funding round in the clean energy space, Germany is closing its venture capital landscape Q2 2025. Learn all about it in our latest analysis.
July 21, 2025
M&A European Roll-Up Market Report – June 2025
June 2025 presented a 50 % year-over-year increase in the number of PE-backed acquisitions. In addition to software and FinTech, private equity investors are also targeting consulting services. Learn all about it in our report and case study, including ClearCourse’s acquisition of Rezcontrol.
July 16, 2025