Finance & Blockchain dips 5.6pp as Software & Developer Tools gains 4.7pp in seed funding share

Across the 3,038 seed-stage deals tracked in France and Germany from 2021 to 2024, Finance & Blockchain experienced a 5.6 percentage point decline in funding share, falling from 14.3% to 8.7%. This loss contrasts with the Software & Developer Tools sector's 4.7 percentage point gain from 33.7% to 38.4% over the same period. These share shifts may partly reflect expanding data coverage over time.

Industry & Hardware also saw a notable increase in funding share, rising by 2.4 percentage points from 10.3% to 12.7%, supported by an increase in deal count from 154 to 197 deals and a median seed round size of €7.75 million. Healthcare & Life Sciences experienced a slight decline of 0.3 percentage points, from 12.4% to 12.1%, despite having the highest median seed round size among these sectors at €10 million.