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

Across the 3,944 seed-stage deals tracked by Brouky in Germany and France from 2021 to 2024, the Finance & Blockchain sector experienced the largest decline in funding share, dropping 4.1 percentage points from 12.8% to 8.7%. This decline is the most pronounced change among all sectors and highlights a notable shift in early-stage investor preferences, though these share shifts may partly reflect expanding data coverage.

Meanwhile, Healthcare & Life Sciences seed funding share increased by 0.9 percentage points, rising from 13.3% to 14.2%. This gain, although smaller than the Finance sector's loss, positions Healthcare as a sector gaining momentum in these markets. Notably, Healthcare rounds had a median size of approximately €9.19 million, which is among the highest median round sizes across sectors.