Crunchbase data show that financing for startups in Europe settled in the first quarter, arriving in a flat quarter during the quarter, but fell by 24% compared to the top of the second quarter in 2024.
About 1,200 startups in Europe were collected in total $ 12.6 billion in the last quarter, and financing is comparable to the previous two quarters.
And for the first time since 2012, Germany began starting from Great Britain for amounts invested in a quarter of an hour.
Despite this, the largest funds in Q2 didn’t go to startup from Germany. It was a round value $ 1.25 billion for the creator of mobile games from Turkey Dream Games. After dream games, many of the largest rounds in Europe in the last quarter were in deep technology sectors, including defense, quantum calculations, energy, robotics, airports and therapeutics, in addition to in fintech and software services.
Berlin AI Defense Tech Helsing He raised the next largest round-$ 694 million dollars Di Spanish quantum software programmer Multiverse computing Then series B. value $ 218 million
A complete of $ 2.8 billion was invested in German startups, while corporations based in Great Britain collected $ 2.5 billion-the other record quarter from 2019. Startups based in France, the third largest European investment country, collected $ 1.8 billion.
Contents
Europe has published strong mergers and acquisitions
Like around the world and North America, starting mergers and acquisitions in Europe have gained a couple in the second quarter, a total of $ 7.2 billion out of 172 outputs.
Four of 18 corporations supported by an undertaking around the world, which were acquired for $ 1 billion or more in Q2, got here from Europe, show that Crunchbase data, with corporations from many different sectors.
These acquisitions include:
- Cryptocurrency exchange Derivativewith its registered office in the Netherlands, it was acquired by Coins;
- London Hidden roadThe credit market for institutional investors was acquired by Ripple;
- Oxford quantum computing Oxford Ionics was acquired by Ionq; AND
- Legal Intelligence Platform based in Barcelona VLEX was acquired by Clio.
Late stage
According to Crunchbase data, around $ 5.7 billion in 75 transactions in European startups at the growth stage was invested in the second quarter. This accounted for about 10% of global funds at the late stage of the project, the smallest percentage compared to other stages of financing.
Early stage
Companies at an early stage in Europe collected $ 5 billion in the last quarter of over 270 rounds of financing. European financing was 19% of global funds at an early stage and just over a third as large as North America in the amount of $ 14.3 billion.
Seed
European funds for seeds amounted to $ 1.9 billion in the third quarter in 845 seed rounds, which is 19% of global seed financing and the third size of seed financing in North America at $ 5.9 billion.
Europe gives way in a global context
Participation in Europe in the global Venture Capital capital resolved in the first half of 2025 to just 13%. This is far below 19% of the region’s share in global financing in H1 2024, for Crunchbase.
Financing the first half of 2025 in Europe dropped by 11% yr on yr.
However, funds from North America increased yr -on -year in the first half of the yr; $ 145 billion was invested in H1, with particular enthusiasm of investors for AI.
Based on the evaluation of Crunchbase data, the late financing stage in Europe was a much smaller part of global financing compared to financing on earlier scenes, which prompted the query: Does the less solid financing environment in the late stage hindered European corporations to compete around the world?
Methodology
The data contained in this report come directly from Crunchbase and are based on the reported data. The reported temporary data is on July 3, 2025.
It ought to be noted that data delays are most clear at the earliest stages of the project’s activity, with seed funds significantly increased after the end of a quarter per yr.
It ought to be remembered that each one financing values are given in American dollars, unless otherwise marked. Crunchbase transforms foreign currency into American dollars according to the prevailing Spot rate from the date of financing, acquisitions, IPO and other financial events. Even if these events were added to Crunchbase long after the event was announced, foreign currency transactions are transformed at a historic spot price.
Voiceman of the financing conditions
Seed and Angel consists of rounds of seeds, preliminary seeds and angels. Crunchbase also includes rounds of undertakings of unknown series, crowdfunding equity and convertible notes of $ 3 million (equivalent to USD or according to consent) or less.
The early stage consists of rounds of the A series and series B, in addition to other round types. Crunchbase includes rounds of undertakings of unknown series, corporate projects and other rounds over $ 3 million, and those smaller or equal to $ 15 million.
The late stage consists of the C series, series D, series E and later rounds of the undertaking of the project after “Serie [Letter]”Naming convention. Rounds of undertakings of unknown series, corporate undertaking and other rounds over $ 15 million were also included.
The increase in technology is a private round of Equity raised by a company that previously raised the “undertaking” round. (Basically each round from previously defined stages.)