Isomorphic Labs leads disclosed funding
Its $2.1B round represents 52% of the $4.1B disclosed across this edition. UK-based AI-first drug design and development company.
May 2026 Startup Funding Report
47 European funding rounds and $4.1B disclosed. Isomorphic Labs leads the edition; explore the companies, investors and stage breakdown.
May 1–May 31, 2026 · 47 announced rounds
47Funding rounds
$4.1BDisclosed capital · 47 rounds
$20MMedian disclosed round
01 / The takeaways
The month in funding
02 / Capital allocation
Funding by sector
Compare disclosed funding by the companies’ primary sector.
Explore the underlying roundsHealthtech$2.3B
7 roundsDeeptech$452.2M
6 roundsFintech$370.6M
4 roundsAI$229.4M
5 roundsSoftware$206.5M
8 roundsSpace$144.4M
2 roundsTravel$113M
2 roundsGaming$70M
1 roundCybersecurity$62.3M
4 roundsHardware$52.6M
2 roundsLegaltech$50M
1 roundFoodtech$22.1M
2 roundsMarketing$10.8M
2 roundsEdtech$1.4M
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$4.1B
Without the top three$1.6B
May 1–May 31, 202603 / Standout rounds
Largest funding rounds
04 / Market structure
Stages & geography.
By stage
| Stage | Rounds | Capital | Median |
|---|---|---|---|
| Series C+ | 6 | $688.6M | $115M |
| Pre-seed | 7 | $17.9M | $2.3M |
| Series A | 15 | $406.8M | $16M |
| Series B | 10 | $2.9B | $55M |
| Seed | 7 | $36.8M | $4M |
| Growth | 2 | $62.3M | $31.2M |
By country
| Country | Rounds | Capital | Median |
|---|---|---|---|
| Ireland | 1 | $110M | $110M |
| Spain | 6 | $154.3M | $2.3M |
| France | 6 | $149M | $17.5M |
| Switzerland | 3 | $40.2M | $4.4M |
| United Kingdom | 13 | $2.8B | $30M |
| Lithuania | 1 | $2.3M | $2.3M |
| Germany | 5 | $153.7M | $14M |
| Italy | 3 | $163M | $55M |
| Finland | 2 | $16.3M | $8.2M |
| Belgium | 1 | $20.4M | $20.4M |
| Austria | 1 | $2.9M | $2.9M |
| Norway | 1 | $16M | $16M |
| Netherlands | 2 | $252.6M | $126.3M |
| Poland | 1 | $75M | $75M |
| Türkiye | 1 | $70M | $70M |
05 / Investors
Most active investors in this edition
| Investor | Rounds | Led | Recent investments |
|---|---|---|---|
| 01Accel | 5 | 0 | PercepticPrimer |
| 02Balderton Capital | 3 | 0 | GeordiePrimer |
| 03Bek Ventures | 3 | 0 | VIKTORViktor |
| 04Eurazeo | 3 | 0 | FonoaOlyzon |
| 05Alex Bouaziz | 2 | 0 | VIKTORViktor |
| 06British Business Bank | 2 | 0 | EllipticQuantum Motion |
| 07Cal Henderson | 2 | 0 | VIKTORViktor |
| 08Forestay Capital | 2 | 0 | FonoaPivot |
| 09Founderful | 2 | 0 | Stellar AlpinaAVIAN |
| 10General Catalyst | 2 | 0 | GeordieLucis |
06 / The full selection
All funding rounds
47 rounds · $4.1B disclosed · $20M median
| Company | Amount | Stage / sector | Lead investor | Announced |
|---|---|---|---|---|
| ClearOps Munich-based enterprise SaaS startup building an AI-powered after-sales platform for industrial OEM. | €8.6M | Series A Software | — | |
| Efferon The Efferon company develops devices with polymer sorbents that help purify the blood during severe conditions of patients with COVID-19. | €2.5M | Seed Healthtech | — | |
| EOS-X Space EOS-X Space is a company creating a disruptive new space tourism industry by developing the first low Earth orbit flight system powered by an eco-friendly stratospheric balloon. | $140M | Series C+ Space | — | |
| Imperagen ultra-fast enzyme engineering platform. | £5M | Seed Healthtech | — | |
| Muybridge Muybridge is on a mission to reinvent the camera through software. By combining deep-tech research and real-time computer vision, the team is creating products that transform how cameras are used across industries, offering unparallelled innovation and potential for disruption. | $16M | Series A Deeptech | — | |
| Pivot Pivot is a full-service spend control software designed for procurement teams. | $40M | Series B Fintech | — | |
| Primer The automation platform for payments. End-to-end payment flows with no code. | £75M | Series C+ Fintech | — | |
| Scope Scope builds AI-enabled software to speed up industrial inspection workflows, from reporting to asset integrity. | £15M | Series A Software | — | |
| VIKTOR Company that provides a low code development platform for engineers to build and share apps fast. | $75M | Series A Software | — | |
| AVIAN Zurich-based industrial AI company building 24/7 thermal monitoring for the world’s most fire-prone facilities. | $2.6M | Pre-seed Hardware | — | |
| Viktor Viktor provides an AI employee for Slack and Microsoft Teams workspaces. | $75M | Series A Software | — | |
| Lexroom.ai startup that simplifies legal research by combining artificial intelligence and specialist know-how. | $50M | Series B Legaltech | — | |
| Uromems UroMems is a medical device company developing smart active implantable technology to treat stress urinary incontinence in women and men. | $60M | Growth Healthtech | — | |
| Elliptic The global standard for blockchain intelligence. | $120M | Series C+ Fintech | — | |
| Fractile Fractile designs and builds AI compute systems and processors for frontier model inference. | $220M | Series B AI | — | |
| NVision Imaging Developer of MRI polarizers and hyperpolarized imaging agents. | $55M | Series B Healthtech | — | |
| Isomorphic Labs UK-based AI-first drug design and development company. | $2.1B | Series B Healthtech | Thrive Capital | |
| Grand Games Grand Games produces new games rapidly, shortening the feedback loop from beta customers. | $70M | Series B Gaming | — | |
| Quantum Motion Development of silicon quantum processors. | $160M | Series C+ Deeptech | — | |
| eleQtron Develops, produces, operates and markets computing time on ion trap-based quantum computers. | €57M | Series A Deeptech | — | |
| QuantWare QuantWare engages in designing, developing, and fabricating hardware to enable quantum computing. | €152M | Series B Deeptech | — | |
| Smartness Smartness eventually expanded its offering from intelligent pricing management into CRM, payments, a property management system, guest communication, and operational AI solutions. | €47M | Series B Travel | — |
ClearOps€8.6M
Munich-based enterprise SaaS startup building an AI-powered after-sales platform for industrial OEM.
Efferon€2.5M
The Efferon company develops devices with polymer sorbents that help purify the blood during severe conditions of patients with COVID-19.
EOS-X Space$140M
EOS-X Space is a company creating a disruptive new space tourism industry by developing the first low Earth orbit flight system powered by an eco-friendly stratospheric balloon.
Imperagen£5M
ultra-fast enzyme engineering platform.
Muybridge$16M
Muybridge is on a mission to reinvent the camera through software. By combining deep-tech research and real-time computer vision, the team is creating products that transform how cameras are used across industries, offering unparallelled innovation and potential for disruption.
Pivot$40M
Pivot is a full-service spend control software designed for procurement teams.
Primer£75M
The automation platform for payments. End-to-end payment flows with no code.
Scope£15M
Scope builds AI-enabled software to speed up industrial inspection workflows, from reporting to asset integrity.
VIKTOR$75M
Company that provides a low code development platform for engineers to build and share apps fast.
AVIAN$2.6M
Zurich-based industrial AI company building 24/7 thermal monitoring for the world’s most fire-prone facilities.
Viktor$75M
Viktor provides an AI employee for Slack and Microsoft Teams workspaces.
Lexroom.ai$50M
startup that simplifies legal research by combining artificial intelligence and specialist know-how.
Uromems$60M
UroMems is a medical device company developing smart active implantable technology to treat stress urinary incontinence in women and men.
Elliptic$120M
The global standard for blockchain intelligence.
Fractile$220M
Fractile designs and builds AI compute systems and processors for frontier model inference.
NVision Imaging$55M
Developer of MRI polarizers and hyperpolarized imaging agents.
Isomorphic Labs$2.1B
UK-based AI-first drug design and development company.
Thrive Capital
Grand Games$70M
Grand Games produces new games rapidly, shortening the feedback loop from beta customers.
Quantum Motion$160M
Development of silicon quantum processors.
eleQtron€57M
Develops, produces, operates and markets computing time on ion trap-based quantum computers.
QuantWare€152M
QuantWare engages in designing, developing, and fabricating hardware to enable quantum computing.
Smartness€47M
Smartness eventually expanded its offering from intelligent pricing management into CRM, payments, a property management system, guest communication, and operational AI solutions.
07 / Further reading
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