Energy, Environment & Mobility funding share rose 2.2pp, while Commerce & Marketing fell 3.7pp from pre-seed to seed
- Energy, Environment & Mobility gained 2.2pp share from pre-seed to seed
- Commerce & Marketing lost 3.7pp share over the same stage shift
- Energy median round size is €11.4M, nearly double Commerce's €6.5M
Across the 867 early-stage deals tracked by Brouky in Switzerland and Spain, the Energy, Environment & Mobility sector increased its funding share by 2.2 percentage points from pre-seed to seed stages. This gain contrasts with a 3.7 percentage point drop for Commerce & Marketing, marking the largest substitution between sectors in this transition. These share shifts may partly reflect expanding data coverage.
The median seed round size in Energy, Environment & Mobility reached €11.4 million, which is about 1.75 times the €6.5 million median seed round size in Commerce & Marketing. This substantial difference reflects a concentration of larger rounds in the energy sector at seed stage.
MEDIAN SEED ROUND SIZE BY SECTOR
Other sectors such as Healthcare & Life Sciences and Software & Developer Tools also saw share gains of 6.7 and 2.3 percentage points respectively, with Healthcare & Life Sciences offsetting Commerce & Marketing's decline more prominently than Energy.
Related insights
- Cross-Country AnalysisFinance & Blockchain’s 6.7pp share decline contrasts with Energy’s 1.8pp gain in early-stage deals
- Deal SpotlightEuclyd raises EUR200M Series A backed by Brabant Development Agency, imec.xpand and others
- Deal SpotlightMistral AI raises EUR3000M Series C+ backed by a16z and Advent
- Cross-Country AnalysisGermany’s Series C+ median round is 9% larger than Netherlands and 10% above Switzerland
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