AI startup funding and exits in Europe
As of Nov 2, 2026, Aperture Tracker has tracked 1,777 early-stage AI funding rounds at startups in the dashboard's Europe region grouping, announced since Jan 2, 2023, with $28.43B in disclosed capital raised (1,638 rounds with a disclosed amount).
It has also counted 76 exits of startups in the dashboard's Europe region grouping announced since Jan 1, 2024, 51 of them with a disclosed exit value, totalling $59.2B in associated exit value.
Funding
Europe follows the same region grouping as the dashboard (32 headquarters countries in the data); Israel is a separate region.
- Rounds tracked
- 1,777
- Share of all tracked rounds
- 19.4% (1,777 of 9,138)
- Disclosed capital raised
- $28.43B across 1,638 rounds with a disclosed amount
- Share of all disclosed capital
- 16.1% ($28.43B of $176.58B)
- Median disclosed round
- $6.3M
- Largest company's share of disclosed capital
- 4.4%
- Top three companies' share of disclosed capital
- 11.9%
- AI classification
- 1,168 AI-native, 609 AI-enabled
- Announced
- Jan 2, 2023 to Nov 1, 2026
- Last refresh
- Nov 2, 2026
By stage| Stage | Rounds | With amount | Disclosed capital raised |
|---|
| Pre-Seed | 320 | 291 | $771.4M |
| Seed | 806 | 735 | $6.87B |
| Pre-A | 23 | 20 | $103.0M |
| Series A | 422 | 398 | $8.80B |
| Series B | 206 | 194 | $11.89B |
By sector| Sector | Rounds | With amount | Disclosed capital raised |
|---|
| Enterprise & Vertical AI | 539 | 497 | $5.64B |
| Healthcare & Life Sciences | 213 | 195 | $3.19B |
| Industry AI | 203 | 191 | $2.77B |
| Fintech AI | 132 | 119 | $1.52B |
| Consumer & Media AI | 127 | 111 | $879.3M |
| Robotics & Physical AI | 110 | 102 | $2.07B |
| AI Infrastructure | 105 | 100 | $4.06B |
| AI Agents | 99 | 95 | $994.0M |
| Defense & Security AI | 93 | 87 | $1.57B |
| AI Developer Tools | 90 | 85 | $1.30B |
| AI Models & Research | 35 | 32 | $3.47B |
| AI Hardware & Chips | 30 | 23 | $932.6M |
By announcement quarter| Quarter | Rounds | With amount | Disclosed capital raised |
|---|
| 2023 Q1 (from Jan 2, 2023) | 49 | 44 | $648.9M |
| 2023 Q2 | 47 | 43 | $805.3M |
| 2023 Q3 | 59 | 53 | $836.6M |
| 2023 Q4 | 81 | 71 | $1.05B |
| 2024 Q1 | 69 | 64 | $1.08B |
| 2024 Q2 | 111 | 101 | $1.79B |
| 2024 Q3 | 101 | 95 | $1.05B |
| 2024 Q4 | 115 | 108 | $1.51B |
| 2025 Q1 | 123 | 114 | $1.75B |
| 2025 Q2 | 167 | 153 | $1.99B |
| 2025 Q3 | 211 | 190 | $3.40B |
| 2025 Q4 | 210 | 186 | $2.79B |
| 2026 Q1 | 141 | 135 | $3.20B |
| 2026 Q2 | 112 | 109 | $2.91B |
| 2026 Q3 | 104 | 103 | $2.74B |
| 2026 Q4 (to Nov 1, 2026) | 77 | 69 | $883.9M |
By headquarters country (top 10)| Country | Rounds | With amount | Disclosed capital raised |
|---|
| United Kingdom | 538 | 506 | $10.40B |
| Germany | 276 | 256 | $4.35B |
| France | 199 | 191 | $4.83B |
| Switzerland | 99 | 91 | $1.49B |
| Netherlands | 99 | 86 | $1.11B |
| Spain | 72 | 65 | $902.9M |
| Sweden | 61 | 55 | $1.45B |
| Italy | 52 | 48 | $440.0M |
| Belgium | 48 | 46 | $438.7M |
| Austria | 48 | 33 | $303.9M |
Exits
Scope: AI startups plus venture-backed tech companies exiting at $500M or more (and all listings), counted by announcement date from Jan 1, 2024. Exit value is the deal price for acquisitions and talent deals, and the market capitalisation at the IPO price for listings; exits without a disclosed value are counted but not valued, and the capital figures are associated exit value, not an amount any one party paid. The exits window is longer than the funding window because exits are not swept weekly. A further 54 counted exits have no headquarters recorded and appear on no country or region page.
- Exits counted
- 76
- Share of all counted exits
- 10.7% (76 of 710)
- With a disclosed exit value
- 51 of 76
- Associated exit value
- $59.2B across 51 exits with a disclosed value
- Share of all associated exit value
- 2.1% ($59.2B of $2.87T)
- Median valued exit
- $200M
- Largest exit's share of associated exit value
- 31.1%
- Associated exit value without the largest exit
- $40.8B across 50 exits
- Top three exits' share of associated exit value
- 61.8%
- AI classification
- 42 AI-native, 26 AI-enabled, 8 Not AI
- Announced
- Jan 1, 2024 to Nov 1, 2026
By kind of exit| Kind | Exits | With exit value | Associated exit value |
|---|
| Listings | 7 | 6 | $37.7B |
| Acquisitions | 65 | 45 | $21.5B |
| License & hire | 2 | 0 | None disclosed |
| Acqui-hires | 2 | 0 | None disclosed |
By sector| Sector | Exits | With exit value | Associated exit value |
|---|
| Enterprise & Vertical Software | 19 | 13 | $7.18B |
| Consumer & Media | 10 | 9 | $19.3B |
| Fintech | 7 | 6 | $21.0B |
| Robotics & Physical Systems | 6 | 2 | $48.0M |
| AI Agents | 5 | 3 | $975M |
| AI Models & Research | 5 | 2 | $730M |
| Healthcare & Life Sciences | 5 | 5 | $400M |
| Chips & Hardware | 4 | 3 | $4.97B |
| Industry | 4 | 3 | $3.51B |
| Defense & Security | 4 | 4 | $946M |
| Developer Tools | 4 | 0 | None disclosed |
| Infrastructure & Cloud | 3 | 1 | $199M |
By announcement quarter| Quarter | Exits | With exit value | Associated exit value |
|---|
| 2024 Q1 | 1 | 1 | $20.0M |
| 2024 Q2 | 4 | 3 | $1.28B |
| 2024 Q3 | 8 | 6 | $1.87B |
| 2024 Q4 | 2 | 2 | $89.2M |
| 2025 Q1 | 3 | 2 | $227M |
| 2025 Q2 | 8 | 4 | $1.74B |
| 2025 Q3 | 10 | 8 | $18.0B |
| 2025 Q4 | 11 | 8 | $4.70B |
| 2026 Q1 | 8 | 5 | $3.17B |
| 2026 Q2 | 10 | 3 | $3.14B |
| 2026 Q3 | 6 | 4 | $22.5B |
| 2026 Q4 (to Nov 1, 2026) | 5 | 5 | $2.49B |
By acquirer type| Acquirer type | Exits |
|---|
| Strategic | 37 |
| Big Tech | 11 |
| AI lab | 10 |
| Startup | 8 |
| Private equity | 3 |
Acquisitions and talent deals with a recorded acquirer type.
Explore the interactive views on the dashboard (funding) and the Exits tab; definitions are in the methodology.