European tech funding reaches €27.8 billion in Q3 2026

European technology startups and scaleups raised €27.8 billion across 732 deals during the third quarter of 2026, marking a 32.4% increase compared to the €21 billion recorded in Q3 2025. This figure represents more than double the funding seen in the same period in 2024.

The United Kingdom led geographic distribution, securing approximately €12 billion, or 43% of the total quarterly capital. Artificial intelligence companies were the largest sector by industry, accounting for roughly 24% of all funding with €6.7 billion raised.

Notable individual deals included Sweden’s Legora, which raised $550 million and reached an $8.8 billion valuation. Other significant activity included a £250 million round for Pigment in France, a €185 million credit line for iwoca in the UK, and €120 million for Swiss cancer immunotherapy startup Nouscom.