Finance & Blockchain seed funding share declines 5.9pp, matched by Industry & Hardware’s 5.9pp gain from 2021 to 2024
- Industry & Hardware seed share rises 5.9 percentage points
- Healthcare & Life Sciences seed share falls 2.4 percentage points
- Finance & Blockchain seed share declines 5.9 percentage points
Across the 1,239 seed deals Brouky tracks in Sweden and the Netherlands, Industry & Hardware gained the largest share increase of 5.9 percentage points from 2021 to 2024, rising from 5.9% to 11.8% of total seed funding share. This gain contrasts with Healthcare & Life Sciences, which lost 2.4 percentage points, dropping from 18% to 15.6% share.
The 5.9pp gain in Industry & Hardware exactly matches the 5.9pp decline in Finance & Blockchain, which fell from 13.8% to 7.9% share, while Healthcare & Life Sciences lost 2.4pp. This may partly reflect expanding data coverage. These shifts illustrate a reallocation of seed funding away from finance-related sectors toward industry-focused startups in these countries.
Other sectors such as Artificial Intelligence & Data and Energy, Environment & Mobility also increased their seed funding shares by 3.9pp and 3.5pp respectively, while Consumer, Lifestyle & Services and Commerce & Marketing experienced moderate declines. Median seed round sizes vary notably, with Commerce & Marketing rounds at €16.1M median, well above Healthcare & Life Sciences at €5M median.
Related insights
- Cross-Country AnalysisHealthcare's 1pp seed funding share drop contrasts with Energy's 3.6pp rise
- Deal SpotlightOnomondo raises EUR100.5M Series C+ with Aspirity Partners and EIFO participating
- Deal SpotlightNouscom raises EUR120M Series C+ backed by 15 investors
- Deal SpotlightRabot Energy raises EUR50M Series B backed by Acurio Ventures, Bosch Ventures and others
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