Funding fell 62 per cent from September, but deal activity remained relatively stable, with healthtech leading investment and the UK retaining its position as Europe's largest fundraising market.
European tech funding slowed considerably in October following a strong September. Companies raised €6 billion across 288 funding deals, compared with €15.8 billion across 300 deals in September. This represents a decline of around 62 per cent in funding value, while deal volume decreased by just 4 per cent month on month.
Companies
Out of 288 deals in October, 10 companies raised more than €100 million each. The value of 42 deals remains undisclosed. The month’s largest deal came from British AI chipmaker Fractile, which raised approximately £577 million in a Series C round, according to Companies House filings, to support its development of AI inference chips.
Industries
Healthtech was the leading sector by investment volume in European tech startups in September 2026, capturing €21.8 per cent of the month’s total funding, at €5.2 billion.
Countries
The UK remained Europe’s leading fundraising market in October, securing €2.6 billion across 75 transactions.
Exits
Exit activity across the European tech ecosystem remained stable in October, with 39 transactions recorded during the month, matching September’s total.
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