Energy sector’s 4.8pp seed funding share gain offsets Healthcare’s 1.6pp loss
- Energy, Environment & Mobility seed share rose 4.8 percentage points
- Healthcare & Life Sciences seed share dropped 1.6 percentage points
- Software & Developer Tools gained 3.8 percentage points in seed share
Across the 3,928 seed-stage deals Brouky tracks in Germany and France, the Energy, Environment & Mobility sector increased its share of total seed funding by 4.8 percentage points from 8.9% in 2021 to 13.7% in 2024.
Energy’s 4.8 percentage point gain is the largest among sectors, directly offsetting Healthcare’s 1.6 percentage point decline, which fell from 13.5% to 11.9% over the same period. These share shifts may partly reflect expanding data coverage.
Meanwhile, Software & Developer Tools also expanded its seed share by 3.8 percentage points, growing from 35% to 38.8%, further emphasizing the sector substitution trend.
Median round sizes also highlight sector differences: Industry & Hardware rounds reached a median of €9.2 million, surpassing Energy’s €5 million and Healthcare’s €6.35 million. Despite Healthcare’s decline in share, its median seed round size remained above Energy’s, indicating that capital allocation per deal differs by sector.
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