Finance & Blockchain’s 6.7pp share decline contrasts with Energy’s 1.8pp gain in early-stage deals

Across the 870 pre-seed and seed deals Brouky tracks in Spain and Switzerland, the most notable sector funding shift from 2021 to 2024 is the 6.7 percentage point decline in Finance & Blockchain’s share of total deals. This change may partly reflect expanding data coverage. This drop reduced Finance & Blockchain’s share from 14.5% to 7.9%, marking the largest retreat among the seven sectors tracked.

In contrast, Energy, Environment & Mobility gained 1.8 percentage points, increasing its share from 9% to 10.8%. This gain is the second largest and partially offsets the decline in Finance & Blockchain, indicating a sector substitution within early-stage funding preferences.