Regardless of a cautious VC local weather and ongoing geopolitical jitters, European startups are nonetheless attracting severe money.
Overlaying every little thing from AI drug discovery and area launches to quantum software program and fusion vitality, the continent’s startups raised €19bn within the first half of 2025, based on Dealroom information.
We’ve crunched the numbers so that you don’t must. Listed here are the 20 largest startup funding rounds for H1 2025. (Be aware: This record consists of solely startups based in 2015 and later.)
1. Helsing — €600M
HQ: Munich, Germany
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Helsing builds AI-powered software program for defence techniques, designed to assist democratic governments reply to trendy safety threats. It raised €600mn in a Sequence D spherical led by Basic Catalyst — an enormous endorsement for Europe’s quickly rising defence tech sector. The deal introduced Helsing’s valuation to €12bn, making it one of many continent’s most respected personal firms.
2. Isomorphic Labs — €508M
HQ: London, UK
A DeepMind spinout utilizing AI to mannequin molecular biology, Isomorphic Labs goals to dramatically velocity up drug discovery. It raised €508mn in March, signalling the religion buyers have in AI’s promise to reshape pharmaceutical R&D.
3. NEoT — €350M
HQ: Paris, France
NEoT provides financing options for clear transport and off-grid vitality tasks, like electrical buses and photo voltaic battery storage. Its €350mn spherical is much less about flashy tech and extra about enabling Europe’s inexperienced infrastructure at scale.
4. Verdiva Bio — €348M
HQ: London, UK
Verdiva Bio emerged from stealth in January with a whopping €348mn for a brand new vary of medicine geared toward tackling the weight problems epidemic. It was one among Europe’s largest-ever biotech VC offers, indicating the investor urge for food for the booming weight reduction market.
5. XY Miners — €254M
HQ: Lewes, UK
XY Miners raised €254mn in a late-stage VC spherical in April 2025 to increase its cloud-based Bitcoin mining operation.
6. Neko Well being — €250M
HQ: Stockholm, Sweden
Based by Spotify’s Daniel Ek, Neko Well being provides AI-powered full-body well being scans for early illness detection. Its €250mn Sequence B in January was a giant vote of confidence in preventative healthcare.
7. Multiverse Computing — €189M
HQ: San Sebastián, Spain
Multiverse Computing builds quantum software program for sectors like finance and logistics. Because of its €189mn Sequence B spherical in June, the corporate has develop into one among Europe’s best-funded quantum gamers.
8. Auro Journey — €180M
HQ: Madrid, Spain
Auro operates a premium ride-hailing and chauffeur service for companies — basically a high-end Uber for company shoppers. The corporate raised €180mn in a late-stage VC spherical in February 2025, with plans to scale throughout Southern Europe’s mobility market.
9. TravelPerk — €170M
HQ: Barcelona, Spain
TravelPerk manages bookings, funds, and insurance policies for company journey. It introduced in €170mn in a Sequence E spherical in January 2025 to increase globally, as enterprise journeys proceed to bounce again.
10. Windward Bio — €169M
HQ: Basel, Switzerland
Windward Bio emerged from stealth in January with €169mn to develop new remedies for most cancers, immune circumstances, and uncommon ailments.
11. Dojo — €161M
HQ: London, UK
Dojo builds fee and enterprise instruments for service-focused manufacturers — suppose salons, cafés, and occasion areas. It raised €161mn in a progress fairness spherical in Could 2025, which it hopes will assist it compete with gamers like Sq. and Stripe.
12. Synthesia — €152M
HQ: London, UK
Synthesia lets customers create AI-generated movies from textual content for functions equivalent to company coaching and advertising and marketing. Its €152mn spherical introduced it to a €1.9bn valuation.
13. Isar Aerospace — €150M
HQ: Ottobrunn, Germany
Isar, which builds small rockets for satellite tv for pc launches, pulled off Western Europe’s first orbital rocket launch earlier this yr. In June, it secured a €150mn convertible mortgage, taking its whole raised to north of €600mn — making it Europe’s best-funded area startup.
14. Ori Industries — €149M
HQ: London, UK
Ori builds infrastructure for managing workloads throughout cloud and edge networks. The €149mn elevate positions it effectively as edge computing demand heats up.
15. Quantum Programs — €149M
HQ: Gilching, Germany
Quantum Programs manufactures electrical drones utilized in defence, mapping, and agriculture. It raised €149mn in a Sequence C spherical in Could 2025, turning into Europe’s newest defence tech unicorn.
16. Quantexa — €148M
HQ: London, UK
Quantexa makes use of graph-based AI to identify fraud and monetary crime. The corporate raised €148mn in a late-stage VC spherical in January 2025, taking its whole funding previous half a billion euros, because it pushes deeper into sectors equivalent to insurance coverage and defence.
17. Solaris — €140M
HQ: Berlin, Germany
Solaris provides a Banking-as-a-Service platform that allows companies to combine regulated monetary providers. It raised €140mn in a Sequence G spherical in June 2025.
18. Zepz — €140M
HQ: London, UK
Zepz owns WorldRemit and Sendwave — two main digital remittance platforms. With €140mn in new funds, it’s doubling down on mobile-first cash transfers in rising markets.
19. Azafaros — €132M
HQ: Leiden, Netherlands
Azafaros develops small-molecule medication focusing on uncommon metabolic issues. The corporate raised €132mn in a Sequence B spherical in June 2025.
20. Proxima Fusion — €130M
HQ: Munich, Germany
Proxima Fusion is creating stellarator reactors for nuclear fusion, aiming to create a brand new supply of just about limitless clear vitality. Its €130mn Sequence A spherical, raised in June 2025, is the largest spherical ever raised by a European fusion startup.
The large image
To this point, 2025 has seen a heavy focus of funding in AI, biotech, defence, and deep tech — with startups like Helsing and Proxima Fusion elevating record-breaking rounds of their respective fields.
Unsurprisingly, startups within the UK and Germany dominated the charts. However don’t overlook Spain and France, each of which had a number of startups elevating north of €150mn.
