European tech companies raise $62bn in first nine months of 2026

European technology companies raised approximately $61.9 billion during the first nine months of 2026, marking a 63% increase compared to the same period in 2025. According to a report by Tracxn Technologies, while the total number of funding rounds decreased by 19%, the capital was concentrated in larger, later-stage deals.

Late-stage funding accounted for 53% of all capital raised, with the average round size more than doubling to roughly $153 million from $68 million in the previous year. Notable large-scale investments included a $3.5 billion Series D round for Paris-based Mistral AI, a $1.8 billion Series E for German defense company Helsing, and a $1.4 billion Series C for German robotics firm Neura.

AI infrastructure emerged as the leading sector, raising $15.7 billion. Additionally, the number of European unicorns—companies valued at $1 billion or more—rose significantly to 41 new entries, up from 16 during the first nine months of 2025. Geographically, London led the continent in funding with $21.6 billion, followed by Paris with $7.4 billion and Stockholm with $4.1 billion.