Wayve leads disclosed funding
Its $1.2B round represents 41% of the $2.9B disclosed across this edition. Wayve uses end-to-end deep learning to develop artificial intelligence capable of complex driving.
February 2026 Startup Funding Report
46 European funding rounds and $2.9B disclosed. Wayve leads the edition; explore the companies, investors and stage breakdown.
Feb 1–Feb 28, 2026 · 46 announced rounds
46Funding rounds
$2.9BDisclosed capital · 46 rounds
$21.9MMedian disclosed round
01 / The takeaways
The month in funding
Software: 11 rounds
Ark Climate, BeyondMath, Celebratix are among the companies in the most active sector by number of rounds in this edition.
28 early-stage rounds
Pre-seed, seed and Series A account for 28 of the 46 announcements. These rounds total $434.7M in disclosed funding.
02 / Capital allocation
Funding by sector
Compare disclosed funding by the companies’ primary sector.
Explore the underlying roundsTransportation$1.2B
1 roundAI$609.3M
7 roundsHealthtech$268.2M
8 roundsFintech$225.3M
4 roundsSoftware$137.6M
11 roundsCybersecurity$97.3M
2 roundsEnergy$82M
2 roundsTravel$70M
1 roundCleantech$66.8M
3 roundsLegaltech$60M
1 roundFoodtech$37.7M
1 roundSpace$35.3M
1 roundDeeptech$16.3M
2 roundsHRtech$7.2M
1 roundMedia$7M
1 roundBeyond the headline
Take out the three biggest rounds.
The remaining capital went to smaller rounds. Compare the totals before and after removing the three largest deals.
All disclosed funding$2.9B
Without the top three$1.1B
Feb 1–Feb 28, 202603 / Standout rounds
Largest funding rounds
Series C+ · Transportation
Wayve
Wayve uses end-to-end deep learning to develop artificial intelligence capable of complex driving.
Series C+ · AI
ElevenLabs
ElevenLabs is an AI research and deployment company that develops platforms for generating speech, sound effects, music, and conversational voice agents.
04 / Market structure
Stages & geography.
By stage
| Stage | Rounds | Capital | Median |
|---|---|---|---|
| Pre-seed | 7 | $11.6M | $1.4M |
| Series C+ | 7 | $2.1B | $74.1M |
| Series A | 11 | $324.2M | $35.3M |
| Seed | 10 | $98.8M | $5.9M |
| Series B | 9 | $400.7M | $43.4M |
| Growth | 2 | $24.4M | $12.2M |
By country
| Country | Rounds | Capital | Median |
|---|---|---|---|
| Germany | 7 | $101.7M | $12M |
| United Kingdom | 16 | $2.3B | $44.2M |
| Switzerland | 1 | $22M | $22M |
| Italy | 3 | $14.8M | $7M |
| Sweden | 1 | $2.9M | $2.9M |
| Austria | 2 | $24.9M | $12.4M |
| Czech Republic | 1 | $2M | $2M |
| Hungary | 2 | $26.4M | $13.2M |
| Netherlands | 3 | $50.9M | $2.6M |
| Estonia | 1 | $35.3M | $35.3M |
| France | 4 | $193M | $43.8M |
| Denmark | 1 | $4.7M | $4.7M |
| Belgium | 1 | $1.8M | $1.8M |
| Ireland | 2 | $113.1M | $56.6M |
| Spain | 1 | $52M | $52M |
05 / Investors
Most active investors in this edition
| Investor | Rounds | Led | Recent investments |
|---|---|---|---|
| 01Balderton Capital | 3 | 1 | WayveGitGuardian |
| 02Lightspeed Venture Partners | 3 | 0 | temNaboo |
| 03AlbionVC | 2 | 0 | Kinfolktem |
| 04Alstin Capital | 2 | 0 | SecfixVoiceLine |
| 05Ascension VC | 2 | 0 | KinfolkTembo |
| 06Atomico | 2 | 0 | Andercoretem |
| 07Bpifrance | 2 | 0 | VerleyGitGuardian |
| 08British Business Bank | 2 | 0 | WayveTembo |
| 09Crane Venture Partners | 2 | 0 | Encordnyra health |
| 10GV | 2 | 0 | SolveAILawhive |
06 / The full selection
All funding rounds
46 rounds · $2.9B disclosed · $21.9M median
| Company | Amount | Stage / sector | Lead investor | Announced |
|---|---|---|---|---|
| Ark Climate A software company that offers an end to end solution for municipal climate action. | €2.1M | Pre-seed Software | — | |
| Encord the data infrastructure company for physical AI. | €50M | Series C+ AI | — | |
| L.E.S.S. L.E.S.S. designs and manufactures thinner, brighter, more uniform technical lighting systems. | $22M | Series C+ Cleantech | — | |
| Alpa The company aims to enable restaurant operators to make decisions based on real-time profitability data rather than waiting weeks for monthly accounts to close. | $3.5M | Pre-seed Fintech | — | |
| foodforecast Foodforecast uses artificial intelligence to reduce food waste. | €8M | Series A Cleantech | — | |
| Oska Health a hybrid care provider combining personal health coaches with AI. | €11M | Seed Healthtech | — | |
| Xference an inference provider founded in Cagliari specializing in private AI infrastructure. | €700K | Pre-seed AI | — | |
| BeyondMath advanced engineering simulation. | $10M | Seed Software | — | |
| FLEXOO DeepTech startup focused on physical AI sensor technology. | €11M | Series A Deeptech | — | |
| Flox Intelligence a wildlife intelligence company building AI systems enabling infrastructure to prevent human-wildlife conflict. | €2.5M | Seed AI | — | |
| Kinfolk an AI-native HR workforce operations platform. | $7.2M | Seed HRtech | — | |
| nyra health digital therapy platform for neurological patients. | €20M | Series A Healthtech | — | |
| Quantcore Quantcore designs, manufactures, and tests superconducting processors, resonators, and sensors that underpin quantum computers and advanced sensing systems. | £2.5M | Seed Deeptech | — | |
| RobosizeME RobosizeME automates operational processes for hospitality businesses. | $2M | Seed Software | — | |
| Secfix Help small and medium-sized enterprises (SMEs) to automate their IT security and compliance quickly and easily. | $12M | Series A Software | — | |
| Sinergy Flow Sustainable and low-cost redox flow battery (RFB) for long-duration energy storage (LDES). | $7M | Seed Energy | — | |
| SolveAI a platform that enables employees to build compliant enterprise software without writing code. | $50M | Series A Software | — | |
| The New Era of Shopping Era is an AI visibility and agentic commerce platform that tracks brand presence across AI models and optimizes content for generative search. | $1.4M | Pre-seed Software | — | |
| Turbine Turbine's platform understands the inner mechanisms of cancer enabling the discovery of novel targets & precision medicinal therapies. | $25M | Series B Healthtech | — | |
| Wayve Wayve uses end-to-end deep learning to develop artificial intelligence capable of complex driving. | $1.2B | Series C+ Transportation | SoftBank Vision Fund 2, Eclipse, Balderton Capital | |
| Allica Bank Allica Bank offers commercial mortgages for limited companies. | $155M | Series C+ Fintech | — | |
| Celebratix Celebratix is a blockchain ticketing startup. | €2.2M | Growth Software | — | |
| Centauri immunotherapy company with a proprietary platform technology applicable across a wide range of therapeutic areas. | £30M | Series A Healthtech | — | |
| Frankenburg Technologies Frankenburg Technologies develops missile systems designed for lower costs and large-scale production. | €30M | Series A Space | — | |
| Luupli Luupli builds a platform for creators to publish content, earn revenue and connect with audiences. | $600K | Pre-seed Software | — |
Ark Climate€2.1M
A software company that offers an end to end solution for municipal climate action.
Encord€50M
the data infrastructure company for physical AI.
L.E.S.S.$22M
L.E.S.S. designs and manufactures thinner, brighter, more uniform technical lighting systems.
Alpa$3.5M
The company aims to enable restaurant operators to make decisions based on real-time profitability data rather than waiting weeks for monthly accounts to close.
foodforecast€8M
Foodforecast uses artificial intelligence to reduce food waste.
Oska Health€11M
a hybrid care provider combining personal health coaches with AI.
Xference€700K
an inference provider founded in Cagliari specializing in private AI infrastructure.
BeyondMath$10M
advanced engineering simulation.
FLEXOO€11M
DeepTech startup focused on physical AI sensor technology.
Flox Intelligence€2.5M
a wildlife intelligence company building AI systems enabling infrastructure to prevent human-wildlife conflict.
Kinfolk$7.2M
an AI-native HR workforce operations platform.
nyra health€20M
digital therapy platform for neurological patients.
Quantcore£2.5M
Quantcore designs, manufactures, and tests superconducting processors, resonators, and sensors that underpin quantum computers and advanced sensing systems.
RobosizeME$2M
RobosizeME automates operational processes for hospitality businesses.
Secfix$12M
Help small and medium-sized enterprises (SMEs) to automate their IT security and compliance quickly and easily.
Sinergy Flow$7M
Sustainable and low-cost redox flow battery (RFB) for long-duration energy storage (LDES).
SolveAI$50M
a platform that enables employees to build compliant enterprise software without writing code.
Era is an AI visibility and agentic commerce platform that tracks brand presence across AI models and optimizes content for generative search.
Turbine$25M
Turbine's platform understands the inner mechanisms of cancer enabling the discovery of novel targets & precision medicinal therapies.
Wayve$1.2B
Wayve uses end-to-end deep learning to develop artificial intelligence capable of complex driving.
SoftBank Vision Fund 2, Eclipse, Balderton Capital
Allica Bank$155M
Allica Bank offers commercial mortgages for limited companies.
Celebratix€2.2M
Celebratix is a blockchain ticketing startup.
Centauri£30M
immunotherapy company with a proprietary platform technology applicable across a wide range of therapeutic areas.
Frankenburg Technologies develops missile systems designed for lower costs and large-scale production.
Luupli$600K
Luupli builds a platform for creators to publish content, earn revenue and connect with audiences.
07 / Further reading
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