According to the Tech.eu 2025 Annual Report, European technology companies raised €72 billion in 2025, making it the second-strongest year of the past three for tech investment. With more than 3,740 deals completed, investor activity remained resilient across the ecosystem.
The largest funding rounds of 2025 highlight a European tech ecosystem that is becoming more selective, strategic and infrastructure-driven, with investment flowing into technologies that support economic resilience, industrial competitiveness and long-term growth.
The companies attracting the most capital reflect a wide range of growth strategies and financing structures. While traditional venture and equity rounds continued to dominate in AI, software and defence technology, many of the largest transactions took the form of debt financing, particularly across infrastructure, energy, mobility and financial services (excluding acquisition-specific debt facilities).
Geographically, the UK, France, Germany and the Netherlands emerged as key funding hubs, with strong contributions from the Nordics and Southern Europe.
Below is a list of the 25 European tech companies with the highest funding totals in 2025.
CityFibre (UK)
Amount raised in 2025: £2.3B
CityFibre designs, builds, and operates one of the UK’s largest independent full-fibre broadband networks, providing gigabit-capable fibre-to-the-premises (FTTP) infrastructure to homes, businesses, public sector organisations, and broadband providers.
The company raised £2.3 billion in financing to support the continued expansion of its full-fibre network across the UK, including new home and business connections and potential acquisitions of additional fibre network assets.
Propel Finance (UK)
Amount raised in 2025: £1.5B
Propel Finance provides fast, flexible asset, vehicle, embedded and green finance solutions that help businesses access essential equipment and technology, combining digital tools with personalised service. It supports companies in financing growth-critical assets and improving cash flow.
Propel Finance raised £1.5 billion to expand its lending capacity and support continued growth in SME financing.
Mistral AI (France)
Amount raised in 2025: €1.7B
Mistral AI develops advanced generative AI models and tools that help organisations build, customise, and deploy large language models, AI assistants, and autonomous agents for tasks like search, coding, automation, and data processing.
Mistral AI raised €1.7 billion, more than doubling its valuation to around €11.7 billion, to accelerate research, expand computing infrastructure, and scale its AI platform globally.
Nscale (UK)
Amount raised in 2025: $1.53B
Nscale builds and operates high-performance AI infrastructure, offering scalable GPU-powered cloud and data centre solutions for training, fine-tuning, and deploying AI workloads. The company focuses on vertically integrated compute, networking, and tools to support advanced AI development and large-scale deployment.
The company raised approximately $1.53 billion across two rounds to expand its AI data centre capacity and support global infrastructure growth.
Ubisoft (France)
Amount raised in 2025: €1.16B
Ubisoft creates and publishes interactive video games and entertainment across console, PC, and online platforms, with well-known franchises like Assassin’s Creed, Far Cry, Tom Clancy’s, Just Dance, and Watch Dogs. The company focuses on delivering immersive gaming experiences and expanding its digital entertainment ecosystem for players worldwide.
In 2025, the company raised €1.16 billion to strengthen its core game development operations and support long-term content production.
Bending Spoons (Italy)
Amount raised in 2025: € 1.1B
Bending Spoons develops, acquires, and scales consumer software products across multiple digital categories.
In 2025, the company raised approximately €1.1 billion across two corporate financing rounds to support the continued expansion of its product portfolio.
EcoDataCenter (Sweden)
Amount raised in 2025: € 1.05B
EcoDataCenter designs, builds, and operates high-performance data centres with a focus on sustainability, energy efficiency, and support for AI and cloud workloads, using renewable energy and innovative cooling solutions.
EcoDataCenter raised €1.05 billion over two rounds to expand capacity and meet growing demand for AI and cloud services.
Finn (Germany)
Amount raised in 2025: €1B
FINN offers a flexible car subscription service with all-inclusive monthly plans that cover insurance, maintenance, taxes and delivery, letting users order and receive a vehicle through a fully digital process without long-term ownership commitments.
Finn raised €1 billion to expand its vehicle fleet and support international market growth.
NXP Semiconductors (Netherlands)
Amount raised in 2025: €1B
NXP Semiconductors designs, develops, and manufactures a broad range of high-performance semiconductor products, including microcontrollers, processors, sensors, and secure connectivity solutions used in automotive, industrial, IoT, mobile, and communications applications. Its technologies enable devices to connect, sense, and act intelligently across smart and embedded systems.
NXP Semiconductors secured €1 billion to fund research, product development, and manufacturing expansion.
Grammarly (Ukraine)
Amount raised in 2025: $1B
Grammarly offers an AI-powered writing assistant that helps users improve clarity, correctness, and tone across documents, emails, and messages, with tools for grammar, spelling, style, and communication enhancement used by individuals and teams.
Grammarly has raised $1 billion in financing to scale sales and marketing and for strategic acquisitions to grow its customer base and extend the reach of its AI productivity platform.
Nebius (Netherlands)
Amount raised in 2025: $1B
Nebius provides scalable, full-stack AI cloud infrastructure with high-performance GPU clusters and tools to support the development, training and deployment of advanced machine learning and AI workloads on a secure, cost-optimised platform.
Nebius Group raised $1 billion through the issuance of convertible notes to support ongoing business growth, including expanding compute capacity, extending its data centre footprint, and covering general corporate purposes.
Nokia (Finland)
Amount raised in 2025: $1B
Nokia develops advanced network infrastructure, connectivity solutions and digital technologies that enable secure, high-performance communication across fixed, mobile, and cloud networks, helping organisations meet modern connectivity needs.
Nokia has secured a $1 billion equity investment from Nvidia as part of a strategic partnership focused on integrating AI into telecommunications networks and advancing data centre development.
Enpal (Germany)
Amount raised in 2025: €810M
Enpal offers integrated renewable energy solutions, including solar panel systems, energy storage, heat pumps, wallbox chargers, and flexible purchase or rental options to help households produce and manage clean energy with lower costs and greater independence.
Enpal raised €810 million to expand installation capacity and scale its clean energy platform.
Your.World (Netherlands)
Amount raised in 2025: €800M
Your.World operates a platform that acquires, develops, and scales online services companies, offering web presence, cloud, productivity, security and digital transformation solutions to support business growth. It serves over a million customers through a network of brands, and a serial acquirer model focused on long-term value creation.
Your.World raised €800 million to support acquisitions and strategic investments aimed at strengthening its market position and expanding its industry presence.
Oura (Finland)
Amount raised in 2025: $900M
Oura Health develops the Oura Ring, a sleek smart wearable that continuously tracks sleep, activity, heart rate, and other biometric data to provide personalised health and wellness insights through its connected app.
Oura raised over $900 million in a new funding round, valuing the company at approximately $11 billion. The capital will be used to accelerate AI and product development, expand global distribution, and support the creation of new health features.
Helsing (Germany)
Amount raised in 2025: €600M
Helsing develops AI-driven software and decision-support tools for defence and security applications, aiming to enhance operational insights, planning, and situational awareness for organisations using advanced machine intelligence.
Helsing raised €600 million in a Series D funding round, increasing its valuation to approximately €12 billion.
IONITY (Germany)
Amount raised in 2025: €600M
IONITY operates a network of ultra-fast electric vehicle (EV) charging stations across major European routes, enabling high-power charging to support long-distance EV travel with shorter stop times. The company focuses on expanding reliable, renewable-energy powered charging infrastructure and solutions for both individual drivers and fleet operators.
IONITY raised €600 million in a major financing round to support the expansion of its high-power EV charging network, with plans to significantly increase the number of charging points and broaden its energy supply coverage by 2030.
Capital on Tap (UK)
Amount raised in 2025: £500M
Capital on Tap provides small and medium-sized businesses with flexible credit solutions, including business credit cards and financing products, to help manage cash flow, support growth, and simplify access to working capital.
Capital on Tap secured a £500 million funding package through the completion of its third asset-backed securitisation, backed by receivables from its business credit card portfolio.
Isomorphic Labs (UK)
Amount raised in 2025: $600M
Isomorphic Labs uses artificial intelligence to accelerate drug discovery and life sciences research, developing AI-driven platforms that help identify and design novel therapeutic candidates more efficiently.
Isomorphic Labs raised $600 million in its first external funding round. The capital will be used to advance development of its next-generation AI drug design platform and support progress of its internal programs toward clinical development.
Bees & Bears (Germany)
Amount raised in 2025: €505M
Bees & Bears offers a digital embedded-finance platform that lets installers and vendors provide flexible, real-time financing for renewable energy products like solar panels, batteries, and heat pumps, helping accelerate the adoption of sustainable technologies.
In 2025, Bees & Bears raised €505 million, comprising a €500 million financing framework with a listed European bank and €5 million in seed funding. The capital is intended to support scaling operations, expansion into commercial and industrial segments, market entry across nearby European regions, workforce growth, and the financing of renewable energy installations, including solar, heat pumps, and battery systems.
Brevo (France)
Amount raised in 2025: €500M
Brevo provides an all-in-one customer communication and marketing platform that helps businesses manage email, SMS, chat, CRM and automation tools to engage customers, grow audiences, and streamline workflows.
Brevo secured €500 million in funding, reaching unicorn valuation status. The investment will support additional acquisitions and continued expansion in the US market.
Elvy (Sweden)
Amount raised in 2025: €500M
Elvy develops energy management and optimisation solutions that help businesses and utilities monitor, control, and reduce energy consumption using real-time data and intelligent automation to improve efficiency and lower costs.
Elvy raised €500 million to accelerate the development and adoption of its next-generation home energy solutions and expand access to modern energy systems for homeowners.
Lovable (Sweden)
Amount raised in 2025: €470M
Lovable offers an AI-powered no-code platform that enables users to build software applications and automate workflows using natural language, making app creation more accessible to non-developers.
Lovable raised approximately €470 million across multiple funding rounds (including the most recent $330 million Series B round in December, valuing the company at $6.6 billion) to scale its AI-powered no-code platform, expand product capabilities, accelerate growth, and drive broader adoption of its software-building tools for non-developers.
Ferovinum (UK)
Amount raised in 2025: £400M
Ferovinum provides specialised financing solutions for the wine and spirits industry, offering flexible credit and funding options that help producers, distributors, and retailers grow their businesses and optimise cash flow.
Ferovinum secured a £400 million asset-backed securitisation facility with support from credit investors and investment banks. The funding will be used to expand its service offerings beyond the UK, including planned entry into the US, the EU, and Australia.
Electra (France)
Amount raised in 2025: €433M
Electra builds and operates a network of ultra-fast electric vehicle charging stations, offering high-power chargers and a seamless app-based experience to help drivers recharge quickly and support wider EV adoption.
Electra secured a green loan facility of up to €433 million to accelerate the deployment and expansion of its high-power EV charging infrastructure across Europe, strengthening its network and supporting growth toward its target of thousands of charging points by 2030.
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