Funding dips, but fundamentals hold: European tech raises €7.5B in March

AI leads investment, with the UK and France dominating fundraising despite a marginal month-on-month dip.
Funding dips, but fundamentals hold: European tech raises €7.5B in March

European tech activity in March 2026 showed a modest cooling compared to February, while overall market conditions remained stable.

The ecosystem recorded 292 funding deals and €7.5 billion in total capital raised, compared to 296 deals and €7.8 billion in February, representing declines of 1.4 per cent and 3.8 per cent respectively.

Companies

Out of 292 deals in March, 13 companies raised more than €100 million each. The value of 26 deals remains undisclosed. The largest deal in March 2026 was Nscale’s €1.7 billion Series C, valuing the company at $14.6 billion.

Industries

AI was the leading sector by investment volume in European tech startups in March 2026, capturing 24.8 per cent of the month’s total funding, at €1.8 billion.

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