Research

VC Funding Insights

Data-driven analysis of venture capital trends — category shifts, survival rates, and round size comparisons across 122,000+ tracked investments.

Cross-Country Analysis

Spain’s early-stage startups show a 2.7 percentage point higher single-round funding share than Sweden

Comparing Spain and Sweden, 53.8% vs 51.1% of early-stage startups raised only one round, revealing subtle differences in funding persistence.

Deal Spotlight

Bridgesmile raises EUR49.959M Series A backed by 11 investors

Bridgesmile closes a Series A round of EUR49.959M with 11 investors participating on September 29, 2026.

Deal Spotlight

Nio Power raises EUR83.2M Series C+ with Geely participating

Nio Power from China raises EUR83.2M in a Series C+ funding with Geely participating. No prior funding rounds recorded.

Deal Spotlight

Amber Electric raises EUR49M Series C+ backed by E.ON, ETF and others

Amber Electric closes a EUR49M Series C+ round with participation from E.ON, ETF, and Morgan Stanley among others.

Deal Spotlight

VOLL raises EUR112M Series C+ with Warburg Pincus participating

VOLL secured EUR112M in a Series C+ funding round with Warburg Pincus participating, based in Brazil, totaling EUR711K raised to date.

Deal Spotlight

CMBLU Energy raises EUR50M Series C+ backed by STRABAG SE and Samsung Venture Investment Corporation

CMBLU Energy from Germany closes a EUR50M Series C+ round with participation from STRABAG SE and Samsung Venture Investment Corporation.

Deal Spotlight

Norrsken Evolve raises EUR62M Series C+ with Fortum participating

Norrsken Evolve completed a EUR62M Series C+ round on September 1, 2026, with Fortum participating.

Deal Spotlight

DTCP Defence Fund I raises EUR455M Series C+ with Deutsche Telekom, EIFO, Porsche and Smartcap

DTCP Defence Fund I from Germany secures EUR455M in Series C+ with Deutsche Telekom, EIFO, Porsche Automobil Holding SE, and Smartcap participating.

Deal Spotlight

Virtus Data Centers raises EUR2866.5M Series C+ with BNP Paribas, Crédit Agricole CIB, Société Générale, Standard Chartered Bank participating

Virtus Data Centers closed a Series C+ round in September 2026 with BNP Paribas, Crédit Agricole CIB, Société Générale, and Standard Chartered Bank participating.

Deal Spotlight

Verda raises EUR55M Series A with Varma pension fund, Skaala, Tesi, and VENTURES byFounders

Verda, a Finnish green area management services company, closes a EUR55M Series A round backed by Varma pension fund and others.

Deal Spotlight

Numeral raises EUR91.7M Series C+ with Benchmark, FCVC, and others participating

Paris-based Numeral secures EUR91.7M in Series C+ led by a syndicate including Benchmark and FCVC for its payment automation platform.

Deal Spotlight

Kanin Energy raises EUR94M Series C+ with Canada Growth Fund and S2G

Kanin Energy closes a EUR94M Series C+ round backed by Canada Growth Fund and S2G to develop industrial waste heat to emission-free electricity projects.

Deal Spotlight

Noxtua raises EUR100M Series C+ with C.H.Beck, CMS, Dentons, and others

Noxtua, a cybersecurity startup from Germany, completes a EUR100M Series C+ with multiple investors including C.H.Beck and CMS.

Deal Spotlight

Kraken Technology Group raises EUR153M in Series C+ with Deutsche Telekom Capital Partners and NATO Innovation Fund participating

Kraken Technology Group, a UK-based global cryptocurrency exchange, completes a Series C+ funding round totaling EUR153M with participation from Deutsche Telekom Capital Partners and NATO Innovation Fund.

Deal Spotlight

Ayala Corporation raises EUR732M in Series C+ with Mitsubishi Corporation participating

Ayala Corporation closes a EUR732M Series C+ round in the Philippines with Mitsubishi Corporation participating.

Deal Spotlight

D-Robotics raises EUR367M Series C+ backed by Meituan and Mirae Asset

D-Robotics secures EUR367M in a Series C+ round with Meituan and Mirae Asset participating.

Cross-Country Analysis

France startups show higher single-round funding share than Spain at pre-seed and seed

France startups have a 54% single-round funding share versus Spain's 49%, showing differences in funding persistence.

Deal Spotlight

Higgsfield raises EUR367M Series B backed by DST Global

Higgsfield closes a EUR367M Series B funding round in the United States with DST Global participating.

Deal Spotlight

Graphcore raises EUR419.3M Series C+ with Softbank participating

Graphcore closes a Series C+ round of EUR419.3M with Softbank participating, headquartered in the UK, designing AI processors and software.

Research

Czech and Slovak Startup Capital Fell 70% in 2023. Deal Count Fell 22%.

Czech and Slovak startup deals peaked in 2021, capital in 2022, then fell 70% in 2023. 929 deals, €4.72B, 2018-2025, plus 2026 YTD.

Deal count, capital, and stage mix across Czech and Slovak startups, year by year
Research

Czech and Slovak Startups Closed 94 Rounds on Domestic Money Alone in 2021. In 2025, 47.

Domestic-only rounds for Czech and Slovak startups fell from 94 in 2021 to 47 in 2025. In 2026 so far, 57% of rounds have a foreign investor.

Who funds Czech and Slovak startups at each stage, and how that has shifted since 2020
Deal Spotlight

ElevenLabs raises EUR458.7M Series C+ backed by Sequoia Capital

ElevenLabs closes a Series C+ funding round of EUR458.7M with Sequoia Capital participating in the United States.

Deal Spotlight

N8n raises EUR688M Series C+ backed by SAP Ventures

N8n closes a EUR688M Series C+ round with SAP Ventures participating, headquartered in Germany and operating in Software & Developer Tools.

Deal Spotlight

Hadrian raises EUR1.256B Series C+ with Washington Harbour and WCM Investment Management

Hadrian closes a Series C+ round of EUR1.256B with Washington Harbour and WCM Investment Management participating.