In 2025, Europe’s software ecosystem raised €8.1 billion and grew more focused, selective, and AI-driven. While overall funding remained below peak levels, capital concentrated around a smaller number of scale-stage companies, with large rounds going to players like Bending Spoons, Your.World, and Brevo. These deals underscored a growing preference for proven business models, profitability, and consolidation strategies.
At the same time, artificial intelligence became a core component of modern software development. New products were increasingly designed with AI capabilities from the outset, integrating automation and data-driven functionality across a wide range of use cases, from general enterprise solutions to specialised industry tools. This reflects a broader shift toward more intelligent, adaptive software, moving beyond traditional SaaS models.
The ecosystem remained anchored in key hubs including the
UK, Germany, France, Sweden, and the Netherlands, with strong activity across
both scale-ups and early-stage startups. Beneath the headline rounds,
early-stage funding stayed resilient, particularly for vertical software
targeting regulated and operationally complex industries.
Overall, 2025 marked a transition to a more mature European software market, defined by disciplined investment at the top and a broad base of AI-native innovation underneath (for more detailed analyses of the European technology ecosystem, check out Tech.eu’s annual report: European Tech 2025 – The Big Picture).
Here are ten software companies that raised the most in 2025.
Bending Spoons (Italy)
Amount raised in 2025: €1.1B
Bending Spoons develops, acquires, and scales consumer software products across a range of digital categories.
In 2025, the company secured approximately €1.1 billion across two corporate financing rounds to support the expansion of its product portfolio.
Grammarly (Ukraine)
Amount raised in 2025: $1B
Grammarly provides an AI-powered writing assistant designed to improve clarity, accuracy, and tone across documents, emails, and messages, offering tools for grammar, spelling, style, and overall communication used by individuals and teams.
The company has secured $1 billion in financing to scale its sales and marketing efforts, pursue strategic acquisitions, and expand the reach of its AI productivity platform.
Your.World (Netherlands)
Amount raised in 2025: €800M
Your.World operates a platform that acquires, develops, and scales online services companies, offering solutions in web presence, cloud, productivity, security, and digital transformation to support business growth. It serves over one million customers through a portfolio of brands and a serial acquisition model focused on long-term value creation.
The company raised €800 million to support acquisitions and strategic investments aimed at strengthening its market position and expanding its presence.
Brevo (France)
Amount raised in 2025: €500M
Brevo offers an all-in-one customer communication and marketing platform, enabling businesses to manage email, SMS, chat, CRM, and automation tools to engage customers and streamline workflows.
The company secured €500 million in funding, reaching a unicorn valuation. The investment will support further acquisitions and expansion in the US market.
Lovable (Sweden)
Amount raised in 2025: €470M
Lovable provides an AI-powered no-code platform that allows users to build applications and automate workflows using natural language, making software development more accessible to non-developers.
The company raised approximately €470 million across multiple funding rounds, including a $330 million Series B in December, which valued it at $6.6 billion. The funding will support product development, expansion, and broader adoption of its platform.
Shop Circle (UK)
Amount raised in 2025: $200M
Shop Circle is a software company that acquires, builds, and scales e-commerce applications for online businesses. Its platform provides a suite of tools that help merchants manage operations, optimise performance, and grow their digital stores.
The company combines AI-driven technology with operational expertise to integrate and expand software products, enabling businesses to streamline workflows and scale more efficiently.
In 2025, Shop Circle secured $200 million across three rounds to position itself as a European alternative to venture capital funding.
Xelix (UK)
Amount raised in 2025: €137M
Xelix is a London-based enterprise software company that provides an AI-powered platform for automating and optimising accounts payable processes.
Its solution integrates with existing finance systems to enhance controls, prevent payment errors and fraud, and streamline tasks such as supplier reconciliation and vendor management.
In 2025, Xelix raised €137 million to tackle invoice fraud and overpayments with AI-driven solutions.
Talon.One (Germany)
Amount raised in 2025: $135M
Talon.One is an enterprise software company that provides an incentives engine for managing loyalty programmes, promotions, and gamified rewards.
Its platform enables businesses to design, run, and optimise personalised customer engagement campaigns across channels using real-time data.
The solution is used by retailers, airlines, and other global brands to improve customer retention, increase lifetime value, and drive revenue growth.
Talon.One secured $135 million in 2025 to accelerate the ongoing innovation of its platform and strengthen its market position in the US, UK, Europe, and APAC.
NestAI (Finland)
Amount raised in 2025: €100M
NestAI is a physical AI lab that develops adaptive intelligence systems for unmanned operations, with a focus on defence and critical infrastructure. Its platform combines real-world data, simulation, and modular architecture to enable AI systems that continuously learn and adapt in changing environments.
The company works on applications such as autonomous systems and decision-support tools designed for complex, high-stakes operational settings.
In 2025, NestAI secured €100 million in funding to establish a physical AI lab and develop autonomous systems and command-and-control solutions for the defence sector.
Ascendx Cloud (UK)
Amount raised in 2025: $110M
Ascendx Cloud develops and scales CRM-focused applications designed to enhance sales, service, and operational workflows.
Its platform helps organisations unlock greater value from CRM data through automation, data management, and AI-driven insights. The company builds and acquires SaaS products within the CRM ecosystem, supporting businesses in improving efficiency and driving growth through better use of customer data.
In 2025, Ascendx Cloud secured $110 million in growth-stage funding to support the company’s expansion in the US and finance acquisitions to strengthen its AI-driven CRM application suite.
Would you like to write the first comment?
Login to post comments