European Tech Funding Reaches €27.8 Billion in Q3

Oct 21, 2026
European tech companies raised €27.8 billion across 732 deals in the third quarter of 2026, with AI and cloud companies securing nearly half of the total.

European tech companies raised €27.8 billion across 732 deals in the third quarter of 2026, according to data published by tech.eu. Investment increased 32.4 percent from €21 billion in the same quarter of 2025 and was more than two and a half times the €11 billion recorded in 2024.

AI companies raised €6.7 billion, while cloud companies secured €6.4 billion. Together, the two sectors accounted for about 47 percent of all funding during the quarter.

Five deals exceeded €1 billion. Mistral AI raised €3 billion, while Nscale completed rounds worth about €2.95 billion and €2.59 billion. Helsing raised €1.58 billion and Quantum Systems secured €1.05 billion. Including another €787 million financing in July, Nscale raised about €6.3 billion during the quarter.

UK tech companies led the region with almost €12 billion across 188 deals, representing about 43 percent of the European total. Germany followed with €4.9 billion and France with €4 billion. The three countries attracted nearly three quarters of all capital raised.

The figures come from tech.eu's own deal tracking; the publisher sells the full report.

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