EMEA

Funding into EMEA startups has grown nearly tenfold over the past five years, reaching $77.9B in 2025. With $50.4B raised in the first 6 months of 2026, the full year is on track to land at $100.9B, a +30% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows EMEA startups funding raised in each of the last 21 complete quarters through Q2 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

EMEA's share of global venture capital tracks how much of the world's startup capital lands in this market. In 2016, EMEA startups accounted for 15.0% of global VC funding; by 2026 the share had reached 9.9%. The chart below splits each year's total global VC funding into EMEA on the bottom and the rest of the market on top.

How capital deployed into EMEA startups is split across round sizes. In the trailing four quarters, 53% of capital landed in scaleup ($100M+) rounds, 32% in breakout ($15–100M), and 16% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q2 2022 → Q2 2026.

The most active investors in EMEA startups ranked by the number of disclosed rounds they've participated in. Bpifrance leads with 1,613 rounds, followed by Y Combinator at 1,023. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Two views of leadership in EMEA startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

How EMEA stacks up against its global VC peers, with EMEA highlighted. The chart ranks the top countries; alongside it, the leading London metro region leads the city ranking with $26.2B. Use the metric pills, and the dropdown, to switch view.

Where EMEA startups unicorns are based. Each marker is sized by the number of unicorns HQ'd in that metro. London leads at 145, followed by Paris at 43. Scroll or drag to explore, pinch with two fingers on mobile.

Over the last 12 months (through Jul 2026), the largest VC rounds in EMEA startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Which industries pull in the most venture capital across EMEA startups, and where does the EMEA punch above its weight versus the rest of the world? Use the toggle to switch between absolute VC funding and each industry's over/under-index, and to change the time window. Over the last 12 months (to end of Q2 2026), AI leads at $42.2B, and the EMEA over-indexes in Food, Gaming, Security, and under-indexes most in AI relative to the rest of the world. Industries are tracked through Dealroom's industry tags, which overlap, a company spanning, say, AI and fintech is counted in both, so these show where capital concentrates, not a mutually exclusive split of the total.

EMEA startups have minted 891 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 59 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 1,039 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 199 in 2021. On exits, the sector has produced 7,300 tracked acquisitions since 2010 representing $529.4B in disclosed value. Notable acquisitions in the data include Horizon Therapeutics ($28.3B, 2022), followed by CyberArk ($25.0B, 2025), CA Technologies ($19.0B, 2019).

Entrepreneurship is a power law. Of every EMEA startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed EMEA startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

In-depth Dealroom research relevant to this guide.