In spite of a mindful VC environment and continuous geopolitical jitters, Europeanstart-ups are still bring in major money.
Covering whatever from AI drug discovery and area launches to quantum software application and combination energy, the continent’s start-ups raised EUR19bn in the very first half of 2025, according to Dealroom information.
We’ve crunched the numbers so you do not need to. Here are the 20 biggest start-up financing rounds for H1 2025. (Keep in mind: This list consists of just start-ups established in 2015 and later on.
1. Helsing– EUR600M
HQ: Munich, Germany
Helsing builds AI-powered software application for defence systems, developed to assist democratic federal governments react to modern-day security hazards. It raised EUR600mn in a Series D round led by General Catalyst– a big recommendation for Europe’s quickly growing defence tech sector. The offer brought Helsing’s evaluation to EUR12bn, making it among the continent’s most important personal business
2. Isomorphic Labs– EUR508M
HQ: London, UK
A DeepMind spinout utilizing AI to design molecular biology, Isomorphic Labs intends to significantly accelerate drug discovery. It raised EUR508mn in March, signalling the faith financiers have in AI’s pledge to improve pharmaceutical R&D
3. NEoT– EUR350M
HQ: Paris, France
NEoT provides funding services for tidy transportation and off-grid energy tasks, like electrical buses and solar battery storage. Its EUR350mn round is less about fancy tech and more about making it possible for Europe’s green facilities at scale.
4. Verdiva Bio– EUR348M
HQ: London, UK
Verdiva Bio emerged from stealth in January with a tremendous EUR348mn for a brand-new variety of drugs targeted at taking on the weight problems epidemic. It was among Europe’s largest-ever biotech VC offers, showing the financier hunger for the thriving weight reduction market.
5. XY Miners– EUR254M
HQ: Lewes, UK
XY Miners raised EUR254mn in a late-stage VC round in April 2025 to broaden its cloud-based Bitcoin mining operation.
6. Neko Health– EUR250M
HQ: StockholmSweden
Established by Spotify’s Daniel Ek, Neko Health provides AI-powered full-body health scans for early illness detection. Its EUR250mn Series B in January was a huge vote of self-confidence in preventative health care.
7. Multiverse Computing– EUR189M
HQ: San Sebastián, Spain
Multiverse Computing develops quantum software application for sectors like financing and logistics. Thanks to its EUR189mn Series B round in June, the business has actually turned into one of Europe’s best-funded quantum gamers.
8. Auro Travel– EUR180M
HQ: Madrid, Spain
Auro runs a premium ride-hailing and driver service for organizations– basically a high-end Uber for business customers. The business raised EUR180mn in a late-stage VC round in February 2025, with strategies to scale throughout Southern Europe’s movement market.
9. TravelPerk– EUR170M
HQ: Barcelona, Spain
TravelPerk handles reservations, payments, and policies for business travel. It generated EUR170mn in a Series E round in January 2025 to broaden worldwide, as company journeys continue to get better.
10. Windward Bio– EUR169M
HQ: Basel, Switzerland
Windward Bio emerged from stealth in January with EUR169mn to establish brand-new treatments for cancer, immune conditions, and uncommon illness.
11. Dojo– EUR161M
HQ: London, UK
Dojo develops payment and organization tools for service-focused brand names– believe hair salons, cafés, and occasion areas. It raised EUR161mn in a development equity round in May 2025, which it hopes will assist it take on gamers like Square and Stripe.
12. Synthesia– EUR152M
HQ: London, UK
Synthesia lets users develop AI-generated videos from text for applications such as business training and marketing. Its EUR152mn round brought it to a EUR1.9 bn assessment.
13. Isar Aerospace– EUR150M
HQ: Ottobrunn, Germany
Isar, which constructs little rockets for satellite launches, managed Western Europe’s very first orbital rocket launch previously this year. In June, it protected a EUR150mn convertible loantaking its overall raised to north of EUR600mn — making it Europe’s best-funded area start-up.
14. Ori Industries– EUR149M
HQ: London, UK
Ori develops facilities for handling work throughout cloud and edge networks. The EUR149mn raise positions it well as edge computing need warms up.
15. Quantum Systems– EUR149M
HQ: Gilching, Germany
Quantum Systems makes electrical drones utilized in defence, mapping, and farming. It raised EUR149mn in a Series C round in May 2025, ending up being Europe’s most current defence tech unicorn
16. Quantexa– EUR148M
HQ: London, UK
Quantexa utilizes graph-based AI to find scams and monetary criminal offense. The business raised EUR148mn in a late-stage VC round in January 2025, taking its overall moneying past half a billion euros, as it presses much deeper into sectors such as insurance coverage and defence.
17. Solaris– EUR140M
HQ: Berlin, Germany
Solaris uses a Banking-as-a-Service platform that allows companies to incorporate regulated monetary services. It raised EUR140mn in a Series G round in June 2025.
18. Zepz– EUR140M
HQ: London, UK
Zepz owns WorldRemit and Sendwave– 2 significant digital remittance platforms. With EUR140mn in brand-new funds, it’s doubling down on mobile-first cash transfers in emerging markets.
19. Azafaros– EUR132M
HQ: Leiden, Netherlands
Azafaros establishes small-molecule drugs targeting uncommon metabolic conditions. The business raised EUR132mn in a Series B round in June 2025.
20. Proxima Fusion– EUR130M
HQ: Munich, Germany
Proxima Fusion is establishing stellarator reactors for nuclear blend, intending to develop a brand-new source of practically endless tidy energy. Its EUR130mn Series A round, raised in June 2025, is the biggest round ever raised by a European combination start-up
The huge image
Far, 2025 has actually seen a heavy concentration of financing in AI, biotech, defence, and deep tech– with start-ups like Helsing and Proxima Fusion raising record-breaking rounds in their particular fields.
Unsurprisingly, start-ups in the UK and Germany controlled the charts. Do not ignore Spain and France, both of which had several start-ups raising north of EUR150mn.
