Research

VC Funding Insights

Data-driven analysis of venture capital trends — category shifts, survival rates, and round size comparisons across 100,000+ tracked investments.

Stage Analysis

Series A median round size in Switzerland rose 40% from 2024 to 2025

Switzerland's Series A median round size increased 40% from 9.7M EUR in 2024 to 13.6M EUR in 2025, with deal counts rising modestly.

Cross-Country Analysis

Netherlands Seed Startups Show 2.9% Higher Single-Round Share Than France

Among seed startups tracked, 57.1% in the Netherlands raised only one round, compared to 54.2% in France.

Cross-Country Analysis

US and Israeli startups show near-identical median times from Series B to C+ rounds

US and Israel Series B to C+ median round velocity nearly matches at 21 and 22 months respectively.

Deal Spotlight

Yope raises €10.8M Seed backed by Geek Ventures, Northzone and RedSeed VC

Yope, a US mobile app recording users and screens simultaneously, raises €10.8M in a Seed round with Geek Ventures, Northzone and RedSeed VC participating.

Deal Spotlight

Vivid Dx raises €13.2M Seed backed by Cedars-Sinai Intellectual Property Co, Jameel Investment Management Company, Oxford Sciences Enterprises

Vivid Dx closed a €13.2M Seed round with Cedars-Sinai Intellectual Property Co, Jameel Investment Management Company, and Oxford Sciences Enterprises participating.

Stage Analysis

US Seed Round Counts Rebound in 2025 While Median Sizes Surge Over 2× Since 2023

US seed rounds saw a rebound in deal counts by 2025 with median round sizes more than doubling since 2023.

Deal Spotlight

Modo Energy raises €14.9M Series C+ with Cibc Innovation Banking participating

Modo Energy closes €14.9M Series C+ round with Cibc Innovation Banking participating to advance energy market analysis.

Deal Spotlight

Qureight raises €17.6M Series B backed by Ascension VC, Guinness Ventures and more

Qureight, a UK-based healthcare company, raises €17.6M in Series B with participation from six investors.

Stage Analysis

France’s seed deal count rose 29% from 2024 to 2025 while median round size held steady

France saw a 29% increase in seed deals from 2024 to 2025, with median seed round size stable at €3M.

Deal Spotlight

ZuriQ raises €22.4M seed backed by Berlin’s Extantia Capital and Firgun

ZuriQ raises €22.4M seed round backed by Berlin’s Extantia Capital and Firgun, expanding its cybersecurity work from Spain.

Deal Spotlight

Syntetica raises €26.2M Series A backed by Bpifrance, EQT Ventures, EIC Fund, Family Offices, lululemon, Mas, Swen Capital Partners

Syntetica, a software company from France, closes €26.2M Series A with multiple investors participating.

Cross-Country Analysis

US startups advance from Series A to B 21% faster than UK peers

US startups take a median 19 months from Series A to B, 5 months quicker than UK startups at 24 months.

Deal Spotlight

Monumental raises €28M Series B with Hummingbird, Khosla Ventures, and Plural VC

Monumental secures €28M in Series B funding with participation from Hummingbird, Khosla Ventures, and Plural VC in the Netherlands.

Deal Spotlight

Moss raises €30M Series C+ backed by Cherry Ventures and Portage

Moss, a German financial management platform, closes €30M Series C+ with Cherry Ventures and Portage participating.

Deal Spotlight

Greenjets raises €35M Series A backed by Blossom Capital, NATO Innovation Fund, Tale Venture Partners

Greenjets secures €35M in Series A from Blossom Capital, NATO Innovation Fund, and Tale Venture Partners to advance electric jet engine technology.

Deal Spotlight

Ore Energy raises €37.3M Series A backed by HV Capital, Plural, Positron Ventures

Ore Energy secures €37.3M in Series A funding backed by HV Capital, Plural, and Positron Ventures for iron-air battery tech in the Netherlands.

Deal Spotlight

Inforcer raises €43.6M Series C+ backed by Dawn Capital, Insight Partners, Meritech Capital Partners

Inforcer, a US cybersecurity firm, raises €43.6M in Series C+ with participation from Dawn Capital, Insight Partners, and Meritech Capital Partners.

Cross-Country Analysis

US and UK startups share identical median 22-month pace from Series B to Series C+

Across 389 tracked Series B to C+ rounds, US and UK startups both show a 22-month median progression time.

Deal Spotlight

Valarian raises €43.8M Series A backed by Gokul Rajaram, Lightbank, and others

Valarian closes a €43.8M Series A funding round with participation from five investors including Gokul Rajaram and Lightbank.

Deal Spotlight

Microagi raises €48M seed backed by LocalGlobe, Northzone, Redalpine, Village Global

Microagi, a German software startup, secured €48M in seed funding with LocalGlobe, Northzone, Redalpine, and Village Global participating.

Deal Spotlight

Olix raises €270M Series B with Arm, Fundomo, Hudson River Trading, Reed Hastings

Olix closes €270M Series B round with participation from Arm, Fundomo, Hudson River Trading and Reed Hastings in South Korea.

Cross-Country Analysis

Finance seed funding share drops 4.1pp, ceded to Healthcare's 0.9pp rise

Seed funding in Germany and France shifts as Finance & Blockchain share falls 4.1pp, while Healthcare & Life Sciences gains 0.9pp from 2021 to 2024.

Deal Spotlight

CuspAI raises €394M in Series B backed by Jeff Bezos, Kleiner Perkins, NEA, UK Sovereign AI Fund

CuspAI, a UK AI-driven material science platform, raises €394M in Series B with participation from Jeff Bezos, Kleiner Perkins, NEA, and UK Sovereign AI Fund.

Deal Spotlight

Neko Health raises €613.7M Series C+ backed by Atomico, BDT & MSD Partners, and others

Neko Health, a Swedish health tech firm, secures €613.7M in a Series C+ round backed by Atomico and BDT & MSD Partners.

Deal Spotlight

Helsing raises €1.58B in Series C+ backed by Canada Pension Plan Investment Board and others

Helsing, a German defense tech company, secured €1.58B in a Series C+ with multiple investors participating.

Category Intelligence

AI funding share nearly doubles Healthcare's decline from 2019 to 2023 in tracked deals

From 2019 to 2023, AI & Data funding share rose from 1.3% to 7.6%, while Healthcare's share fell from 15.4% to 10.9% in France, Germany, Netherlands.

Cross-Country Analysis

Finance & Blockchain's 4.1pp Series B share loss cedes ground to Software's 2pp gain in France and Germany

At Series B in France and Germany, Software & Developer Tools gained 2pp in funding share while Healthcare & Life Sciences rose 0.9pp from 2021 to 2024.

Cross-Country Analysis

French startups take 4 months longer than German peers to move from Series A to B

Comparing median months between Series A and B rounds, French startups lag German ones by 4 months in Brouky's tracked data.

Cross-Country Analysis

Spain’s Seed-Stage Startups Nearly 10 Points More Likely to Have Only One Tracked Round Than France

Spain’s seed-stage startups show a 75.2% single-round funding share versus France’s 70.7% from 2021 to 2024.

Cross-Country Analysis

Finance & Blockchain’s 4.1pp share loss contrasts with Software & Developer Tools’ 2pp gain

Healthcare and Software sectors in Germany and France show subtle seed funding share shifts amid Finance’s decline.

Category Intelligence

Energy, Environment & Mobility funding share rises 1.7× from 5.8% to 9.9% between 2021 and 2024

Energy, Environment & Mobility sector funding share rose from 5.8% in 2021 to 9.9% in 2024, outpacing Commerce & Marketing and Consumer sectors.

Cross-Country Analysis

Netherlands' Pre-Seed Median Round Is 4.1× Larger Than Czech Republic's

Explore how median pre-seed round sizes and deal shares differ between Czech Republic, Sweden, and Netherlands.

Cross-Country Analysis

Spain Seed Startups Show 13 Points Higher Single-Round Share Than France

Spain’s seed startups have a 75.2% single-round funding share, 13 points above France’s 62% in Brouky’s tracked data.

Category Intelligence

AI funding share rose from 1.6% to 7.4% vs Healthcare's stable 12-18% range

From 2019 to 2026, AI & Data funding share grew over 4× while Healthcare & Life Sciences remained steady around 12-18%.

Cross-Country Analysis

US startups reach Series B 12% faster than Israeli peers after Series A

Compare median months from Series A to B for US and Israeli startups, revealing faster US round velocity based on Brouky data.

Deal Spotlight

Magic Hour raises €2.76M Seed from Combinator

Magic Hour raised €2.76M in a Seed round backed by Combinator, developing an AI-powered platform for video and image generation in the US.

Deal Spotlight

Juno Diagnostics raises €3.5M Seed with Perceptive Advisors leading

Juno Diagnostics, a genetic health information platform, raises €3.5M Seed led by Perceptive Advisors.

Deal Spotlight

Whering raises €6.44M Seed backed by Google and Google AI Futures Fund

Whering closes a €6.44M Seed round with Google and Google AI Futures Fund participating.

Deal Spotlight

Anya raises €9.2M Pre Series A with Angel Investors Bristol

Anya raises €9.2M in a Pre Series A round backed by Angel Investors Bristol, supporting women's health with AI-powered digital healthcare.

Deal Spotlight

Project Q raises €15M Series A with Project A Ventures

Project Q closes a €15M Series A round led by Project A Ventures, headquartered in Qatar and focused on software development tools.

Deal Spotlight

WAYN raises €10.1M Series A round with Howzat Partners

WAYN, a UK social travel network, closes a €10.1M Series A funding round backed by Howzat Partners.

Deal Spotlight

Queue raises €11.6M Seed with Arch Venture Partners and Spark Capital

Queue, a Denmark-based scheduling platform for businesses, raises €11.6M in a Seed round backed by Arch Venture Partners and Spark Capital.

Investor Landscape

Top-10 lead investors control more Series A deals in the US than in the UK

Top-10 lead investors dominate 62% of UK Series A deals versus 31% in the US, showing higher concentration in the UK market.

Deal Spotlight

SynMetabio raises €13.5M Series A backed by Linear Venture

SynMetabio from France closes a €13.5M Series A supported by Linear Venture to develop bio-based synthetic leather.

Deal Spotlight

Nebenan raises €14.2M Series A with Lakestar

Nebenan, a German social network for neighborhoods, raises €14.2M in a Series A round backed by Lakestar and BurdaPrincipal Investments.

Deal Spotlight

Stenon raises €18M Series B with Pymwymic

Stenon raises €18M in Series B funding with Pymwymic leading the round.

Deal Spotlight

Arago raises €23.9M seed round backed by C4 Ventures, Earlybird Digital East Ventures, Generative IQ

Arago secures €23.9M in seed funding with participation from C4 Ventures, Earlybird Digital East Ventures, and Generative IQ.

Deal Spotlight

GCORE raises €55.2M Series A with Constructor Capital

GCORE secured €55.2M in a Series A round led by Constructor Capital in July 2026 for its workforce management platform.

Deal Spotlight

Aligned Layer raises €55.2M Series B with JAL Ventures and PeakSpan Capital

Aligned Layer secures €55.2M in Series B funding backed by JAL Ventures and PeakSpan Capital for GPU-powered AI infrastructure.

Deal Spotlight

eEye Digital Security raises €60M Series C with 2026 Eye Security and Sofina

eEye Digital Security closes a €60M Series C round backed by 2026 Eye Security and Sofina in the United States.