Nscale leads disclosed funding
Its $2B round represents 37% of the $5.4B disclosed across this edition. Nscale develops sustainable AI-ready data centres.
March 2026 Startup Funding Report
49 European funding rounds and $5.4B disclosed. Nscale leads the edition; explore the companies, investors and stage breakdown.
Mar 1–Mar 31, 2026 · 49 announced rounds
49Funding rounds
$5.4BDisclosed capital · 49 rounds
$13.9MMedian disclosed round
01 / The takeaways
The month in funding
Fintech: 8 rounds
9fin, Brickken, Eunice are among the companies in the most active sector by number of rounds in this edition.
27 early-stage rounds
Pre-seed, seed and Series A account for 27 of the 49 announcements. These rounds total $1.6B in disclosed funding.
02 / Capital allocation
Funding by sector
Compare disclosed funding by the companies’ primary sector.
Explore the underlying roundsCloud$2B
1 roundAI$1.2B
4 roundsLegaltech$571.5M
3 roundsFintech$293.2M
8 roundsSemiconductors$264.9M
2 roundsSoftware$264.8M
8 roundsEnergy$140.1M
3 roundsHealthtech$126.7M
3 roundsProptech$126.1M
2 roundsE-commerce$105.8M
3 roundsAgritech$104.8M
1 roundDeeptech$62.7M
3 roundsSpace$40M
1 roundFoodtech$34.5M
1 roundTransportation$15.5M
2 roundsCybersecurity$15.2M
2 roundsMedia$1.7M
1 roundHardware$1.3M
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$5.4B
Without the top three$1.8B
Mar 1–Mar 31, 202603 / Standout rounds
Largest funding rounds
Seed · AI
Advanced Machine Intelligence (AMI)
Advanced Machine Intelligence (AMI) Labs, which is less than six months old, is developing AI world models, which reflect the goings-on of the real world.
Series C+ · Legaltech
Legora
Legora's AI platform is designed for legal professionals, helping lawyers research, review, and draft.
04 / Market structure
Stages & geography.
By stage
| Stage | Rounds | Capital | Median |
|---|---|---|---|
| Series C+ | 7 | $3B | $104.8M |
| Seed | 11 | $1.1B | $4.2M |
| Series A | 7 | $427.9M | $39.9M |
| Pre-seed | 9 | $19.5M | $1.7M |
| Growth | 6 | $258.5M | $15.4M |
| Series B | 9 | $545.4M | $45M |
By country
| Country | Rounds | Capital | Median |
|---|---|---|---|
| United Kingdom | 13 | $2.5B | $18.8M |
| Spain | 2 | $6.6M | $3.3M |
| France | 4 | $1.1B | $39.7M |
| Finland | 2 | $2.5M | $1.3M |
| Belgium | 1 | $12M | $12M |
| Germany | 5 | $208M | $50M |
| Denmark | 1 | $1.7M | $1.7M |
| Switzerland | 6 | $322.3M | $21.9M |
| Sweden | 3 | $563.3M | $11.6M |
| Latvia | 1 | $10M | $10M |
| Netherlands | 5 | $396.7M | $70M |
| Bulgaria | 1 | $4.2M | $4.2M |
| Austria | 2 | $117.2M | $58.6M |
| Norway | 1 | $39.9M | $39.9M |
| Italy | 1 | $13.9M | $13.9M |
| Ireland | 1 | $4.9M | $4.9M |
05 / Investors
Most active investors in this edition
| Investor | Rounds | Led | Recent investments |
|---|---|---|---|
| 0142Cap | 2 | 0 | GalteaQdrant |
| 02Alven | 2 | 0 | KestraCryptio |
| 03Bessemer Venture Partners | 2 | 0 | WonderfulLegora |
| 04Creandum | 2 | 0 | MidasPAVE Space |
| 05HV Capital | 2 | 0 | MidasAdvanced Machine Intelligence (AMI) |
| 06Invest-NL | 2 | 0 | VitestroRIFT |
| 07IQ Capital | 2 | 0 | TropicIsembard |
| 08Ledger Cathay Capital | 2 | 0 | MidasCryptio |
| 09Notion Capital | 2 | 0 | OriginIsembard |
| 10PGGM | 2 | 0 | VitestroRIFT |
06 / The full selection
All funding rounds
49 rounds · $5.4B disclosed · $13.9M median
| Company | Amount | Stage / sector | Lead investor | Announced |
|---|---|---|---|---|
| Origin UK-based provider of a global benefits Intelligence platform. | $30M | Series A Software | — | |
| PAVE Space a Swiss space infrastructure company. | $40M | Seed Space | — | |
| Renasens a Stockholm-based deeptech company developing textile recycling technology. | €10M | Seed Deeptech | — | |
| Lace Lithography Bergen-based chipmaking equipment startup. | €34.5M | Series A Semiconductors | — | |
| Kandou High-speed, energy-efficient, chip link solutions company. | $225M | Series A Semiconductors | — | |
| Oxford Medical Simulation Virtual reality (VR) training platform for healthcare professionals. | €5.8M | Growth Healthtech | — | |
| Tropic Norwich-based AgTech startup specialising in gene‑edited tropical crops. | €91.3M | Series C+ Agritech | — | |
| Wonderful Netherlands-based enterprise AI agent platform provider. | $150M | Series B AI | — | |
| Cleafy Milanese technology company specialising in proactive fraud prevention for digital banking. | €12M | Series B Cybersecurity | — | |
| Cryptio A Paris-based back-office platform for crypto management. | $45M | Series B Software | — | |
| Qdrant Qdrant is an open-source vector similarity search engine. | $50M | Series B Deeptech | — | |
| Advanced Machine Intelligence (AMI) Advanced Machine Intelligence (AMI) Labs, which is less than six months old, is developing AI world models, which reflect the goings-on of the real world. | $1B | Seed AI | — | |
| Avvoka Avvoka develops AI-powered drafting infrastructure for law firms, helping legal teams convert legal documents into structured templates that can be reused and refined over time. | £14M | Growth Legaltech | — | |
| Legora Legora's AI platform is designed for legal professionals, helping lawyers research, review, and draft. | $550M | Series C+ Legaltech | — | |
| Mobility Mojo Mobility Mojo is a self-assessment tool that helps organizations improve the accessibility of their buildings and hotels. | €4.3M | Growth Software | — | |
| Vitestro Utrecht, Netherlands-based developer of an autonomous blood drawing device. | $70M | Series B Healthtech | — | |
| Isembard UK software-first manufacturing company. | $50M | Series A Software | — | |
| Nscale Nscale develops sustainable AI-ready data centres. | $2B | Series C+ Cloud | 8090 Industries, Aker ASA | |
| Polares Medical Polares medical is a medical device company with a novel device for treating mitral valve regurgitation. | $50M | Series C+ Healthtech | — | |
| Silverflow Silverflow is a cloud-based processing platform that provides an upgrade for payment-providers to accelerate technological innovation. | $40M | Series B Fintech | — | |
| Oxa Making breakthroughs in AI and deep learning since 2014, Oxa was founded with a singular vision — to build software that enables any vehicle to be self-driving, anywhere, at any time. | $103M | Series C+ Software | — | |
| Flink Flink is building an online grocery and food e-commerce operation. | $100M | Growth E-commerce | — | |
| Gropyus Company builds and leases apartment buildings, most of which are made of wood, using a great deal of technology. | €100M | Growth Proptech | — | |
| RIFT Startup on a mission towards a sustainable future powered by clean and renewable energy. | €113.8M | Series B Energy | — |
Origin$30M
UK-based provider of a global benefits Intelligence platform.
PAVE Space$40M
a Swiss space infrastructure company.
Renasens€10M
a Stockholm-based deeptech company developing textile recycling technology.
Lace Lithography€34.5M
Bergen-based chipmaking equipment startup.
Kandou$225M
High-speed, energy-efficient, chip link solutions company.
Virtual reality (VR) training platform for healthcare professionals.
Tropic€91.3M
Norwich-based AgTech startup specialising in gene‑edited tropical crops.
Wonderful$150M
Netherlands-based enterprise AI agent platform provider.
Cleafy€12M
Milanese technology company specialising in proactive fraud prevention for digital banking.
Cryptio$45M
A Paris-based back-office platform for crypto management.
Qdrant$50M
Qdrant is an open-source vector similarity search engine.
Advanced Machine Intelligence (AMI) Labs, which is less than six months old, is developing AI world models, which reflect the goings-on of the real world.
Avvoka£14M
Avvoka develops AI-powered drafting infrastructure for law firms, helping legal teams convert legal documents into structured templates that can be reused and refined over time.
Legora$550M
Legora's AI platform is designed for legal professionals, helping lawyers research, review, and draft.
Mobility Mojo€4.3M
Mobility Mojo is a self-assessment tool that helps organizations improve the accessibility of their buildings and hotels.
Vitestro$70M
Utrecht, Netherlands-based developer of an autonomous blood drawing device.
Isembard$50M
UK software-first manufacturing company.
Nscale$2B
Nscale develops sustainable AI-ready data centres.
8090 Industries, Aker ASA
Polares Medical$50M
Polares medical is a medical device company with a novel device for treating mitral valve regurgitation.
Silverflow$40M
Silverflow is a cloud-based processing platform that provides an upgrade for payment-providers to accelerate technological innovation.
Oxa$103M
Making breakthroughs in AI and deep learning since 2014, Oxa was founded with a singular vision — to build software that enables any vehicle to be self-driving, anywhere, at any time.
Flink$100M
Flink is building an online grocery and food e-commerce operation.
Gropyus€100M
Company builds and leases apartment buildings, most of which are made of wood, using a great deal of technology.
RIFT€113.8M
Startup on a mission towards a sustainable future powered by clean and renewable energy.
07 / Further reading
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