September 2026 Startup Funding Report

49 funding rounds and $6.6B disclosed. Mistral AI leads the edition; explore the companies, investors and stage breakdown.

· RoundOS Funding
Sep 1–Sep 30, 2026 · 49 announced rounds
49Funding rounds
$6.6BDisclosed capital · 49 rounds
$14MMedian disclosed round
01 / The takeaways

The month in funding

01

Mistral AI leads disclosed funding

Its $3.5B round represents 52% of the $6.6B disclosed across this edition. Developing the best generative AI models.

02

AI: 12 rounds

Arlequin AI, autoMEE, bilt.me are among the companies in the most active sector by number of rounds in this edition.

03

29 early-stage rounds

Pre-seed, seed and Series A account for 29 of the 49 announcements. These rounds total $575.2M in disclosed funding.

02 / Capital allocation

Funding by sector

Compare disclosed funding by the companies’ primary sector.

Explore the underlying rounds
Where capital wentDisclosed funding · USD
AI$4.3B
12 rounds
Space$633.1M
3 rounds
Robotics$580M
1 round
Healthtech$431.1M
6 rounds
Deeptech$254.1M
5 rounds
Legaltech$114.1M
1 round
Software$98.2M
5 rounds
Fintech$92.6M
6 rounds
HRtech$81M
2 rounds
Gaming$19.6M
2 rounds
Sports$10.6M
1 round
Retail software$5.4M
1 round
Energy$3.4M
1 round
E-commerce$2.9M
2 rounds
Cybersecurity$2M
1 round
Beyond 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$6.6B
Without the top three$2B
Sep 1–Sep 30, 2026
03 / Standout rounds

Largest funding rounds

01
Series C+ · AI

Mistral AI

Developing the best generative AI models.

Led by PSG Equity, Samsung Electronics
€3B
02
Series C+ · Robotics

TEKEVER

Drone-based services designed to thwart maritime-based threats.

$580M
03
Series C+ · AI

Wonderful

Netherlands-based enterprise AI agent platform provider.

$550M
04 / Market structure

Stages & geography.

By stage

StageRoundsCapitalMedian
Series B8$508.5M$51.4M
Seed11$92.9M$3.6M
Growth4$57.7M$8.1M
Series C+8$5.5B$295M
Pre-seed9$20.4M$1.8M
Series A9$461.8M$32.5M

By country

CountryRoundsCapitalMedian
Sweden5$193.3M$16.5M
Poland1$2.6M$2.6M
Finland2$191.3M$95.6M
United Kingdom5$224.6M$13.3M
Belgium4$78.9M$12.8M
Italy3$49.9M$3.3M
Ukraine1$2M$2M
Romania1$567.8K$567.8K
France9$3.7B$32.5M
Estonia1$700K$700K
Netherlands4$828.3M$138.3M
Spain2$125.6M$62.8M
Germany6$635.6M$32.4M
Portugal1$580M$580M
Norway1$5.7M$5.7M
Ireland1$18M$18M
Canada1$5.4M$5.4M
Luxembourg1$14M$14M
05 / Investors

Most active investors in this edition

Investor activity in the selected funding rounds
InvestorRoundsLedRecent investments
01Balderton Capital30SpottThe Exploration Company
026 Degrees Capital20Verda (formerly DataCrunch)Conveo
03Bessemer Venture Partners20The Exploration CompanyWonderful
04Cherry Ventures20Spiich LabsThe Exploration Company
05EQT20Mistral AIThe Exploration Company
06Firstminute Capital20StandardXBenford
07Index Ventures20Mistral AIWonderful
08Innovation Industries20MorphotonicsEUCLYD
09Insight Partners20MetaviewWonderful
10Northzone20RayonTandem Health
06 / The full selection

All funding rounds

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49 rounds · $6.6B disclosed · $14M median

Startup funding rounds
CompanyAmountStage / sectorLead investorAnnounced
AnaCardio

AnaCardio is a privately held clinical stage biopharmaceutical company developing novel drugs to treat heart failure.

€62.5MSeries B
Healthtech
—
autoMEE

autoMEE develops flowMEE, an AI-powered accounting platform that automates document processing, bookkeeping, bank reconciliation and financial workflows for businesses and accounting firms.

PLN 10MSeed
AI
—
KHOY

KHOY is a Finnish D2C design and furniture company that sells exclusively online.

€2MGrowth
E-commerce
—
Metaview

Pioneering the interview intelligence category and provides customers with transcripts, analytics, and automated training tools to help interviewers up their game.

$60MSeries C+
HRtech
—
NOX Energy

NOX Energy was founded to promote sustainability by connecting energy-efficient devices to the energy market, enabling households and businesses to save on energy costs while supporting a more stable and greener electricity grid.

€3MSeed
Energy
—
Aptadir Therapeutics

A Milan-based biotech company developing novel treatments for difficult to treat genetic conditions.

$45MSeed
Healthtech
—
DoD Solution

DoD Solution is a defence technology company building embedded AI and onboard computing platforms for unmanned systems operating in contested environments.

€1.8MPre-seed
Cybersecurity
—
Ipercept

Purpose built for CNC machines—and the teams that keep them running, IPercept boosts production and maintenance teams with an AI assistant that gives them the insights they need to improve machine reliability, quality, and capacity.

$16.5MSeries A
Software
—
Kyndred

Kyndred is developing AI companions with voice, memory and real-time interaction, aiming to provide users with a more consistent way to navigate AI and receive support with everyday tasks.

€500KPre-seed
AI
—
Marble

Marble, a Paris-based open-source platform for fraud detection and anti-money laundering (AML) compliance.

€6.5MSeries A
Fintech
—
Rayon

A space design software company.

€10MSeries A
Software
—
Spotable

Spotable, based in Ghent's Winter Circus, uses satellite imagery, Lidar technology and historical data to accurately measure construction projects and quickly produce a detailed quote.

€4MSeed
AI
—
bilt.me

bilt.me is developing an AI-powered platform that enables users to turn ideas into native mobile apps, with the new funding supporting global expansion and further product development.

$700KPre-seed
AI
—
Qambria

Qambria builds the classical engine designed to address the bottlenecks between quantum and classical compute.

CHF 2MPre-seed
Deeptech
—
Clastix

Clastix develops infrastructure technology for organisations running Kubernetes across multiple teams, environments and workloads.

€2.9MSeed
Software
—
Duqu

Duqu is an fintech providing short-term working capital advances against outstanding B2B invoices, allowing businesses to access money before their customers pay.

€1.5MPre-seed
Fintech
—
Reply Next

Reply Next is developing an AI platform that allows brands with hundreds of locations to manage their digital presence and customer interactions from a single place.

€400KPre-seed
AI
—
Wealthcome

Wealthcome develops a comprehensive SaaS solution for digitizing and automating wealth management.

€15MSeries B
Software
—
Basecamp Research

Basecamp Research combines DNA analysis and environmental monitoring in its BaseDiscovery platform.

$140MSeries C+
Healthtech
—
F13

F13 is developing AI models for precise vector graphics, targeting professional use cases where accuracy, editability and adherence to design specifications matter.

$5MPre-seed
AI
—
MAGIC AI

provider of an AI powered fitness mirror.

£8MSeries B
Sports
—
mika

automate accounting and tax filings for SMEs.

€6MSeed
Fintech
—
Palma.ai

Palma.ai provides enterprises with a central governance layer for AI agents, helping teams control permissions, enforce policies and audit how agents interact with company systems.

$1.8MPre-seed
AI
—
Spiich Labs

A Swedish startup leveraging AI to improve sales productivity.

€3MSeed
AI
—
StandardX

StandardX is developing an isotope refinery designed to increase the supply of rare isotopes used in medicine and fusion energy.

£10MSeed
Deeptech
—
AnaCardio€62.5M

AnaCardio is a privately held clinical stage biopharmaceutical company developing novel drugs to treat heart failure.

Series B · Healthtech
autoMEEPLN 10M

autoMEE develops flowMEE, an AI-powered accounting platform that automates document processing, bookkeeping, bank reconciliation and financial workflows for businesses and accounting firms.

Seed · AI
KHOY€2M

KHOY is a Finnish D2C design and furniture company that sells exclusively online.

Growth · E-commerce

Pioneering the interview intelligence category and provides customers with transcripts, analytics, and automated training tools to help interviewers up their game.

Series C+ · HRtech

NOX Energy was founded to promote sustainability by connecting energy-efficient devices to the energy market, enabling households and businesses to save on energy costs while supporting a more stable and greener electricity grid.

Seed · Energy

A Milan-based biotech company developing novel treatments for difficult to treat genetic conditions.

Seed · Healthtech

DoD Solution is a defence technology company building embedded AI and onboard computing platforms for unmanned systems operating in contested environments.

Pre-seed · Cybersecurity
Ipercept$16.5M

Purpose built for CNC machines—and the teams that keep them running, IPercept boosts production and maintenance teams with an AI assistant that gives them the insights they need to improve machine reliability, quality, and capacity.

Series A · Software
Kyndred€500K

Kyndred is developing AI companions with voice, memory and real-time interaction, aiming to provide users with a more consistent way to navigate AI and receive support with everyday tasks.

Pre-seed · AI
Marble€6.5M

Marble, a Paris-based open-source platform for fraud detection and anti-money laundering (AML) compliance.

Series A · Fintech
Rayon€10M

A space design software company.

Series A · Software

Spotable, based in Ghent's Winter Circus, uses satellite imagery, Lidar technology and historical data to accurately measure construction projects and quickly produce a detailed quote.

Seed · AI
bilt.me$700K

bilt.me is developing an AI-powered platform that enables users to turn ideas into native mobile apps, with the new funding supporting global expansion and further product development.

Pre-seed · AI
QambriaCHF 2M

Qambria builds the classical engine designed to address the bottlenecks between quantum and classical compute.

Pre-seed · Deeptech
Clastix€2.9M

Clastix develops infrastructure technology for organisations running Kubernetes across multiple teams, environments and workloads.

Seed · Software
Duqu€1.5M

Duqu is an fintech providing short-term working capital advances against outstanding B2B invoices, allowing businesses to access money before their customers pay.

Pre-seed · Fintech
Reply Next€400K

Reply Next is developing an AI platform that allows brands with hundreds of locations to manage their digital presence and customer interactions from a single place.

Pre-seed · AI

Wealthcome develops a comprehensive SaaS solution for digitizing and automating wealth management.

Series B · Software

Basecamp Research combines DNA analysis and environmental monitoring in its BaseDiscovery platform.

Series C+ · Healthtech
F13$5M

F13 is developing AI models for precise vector graphics, targeting professional use cases where accuracy, editability and adherence to design specifications matter.

Pre-seed · AI

provider of an AI powered fitness mirror.

Series B · Sports
mika€6M

automate accounting and tax filings for SMEs.

Seed · Fintech

Palma.ai provides enterprises with a central governance layer for AI agents, helping teams control permissions, enforce policies and audit how agents interact with company systems.

Pre-seed · AI

A Swedish startup leveraging AI to improve sales productivity.

Seed · AI

StandardX is developing an isotope refinery designed to increase the supply of rare isotopes used in medicine and fusion energy.

Seed · Deeptech
07 / Further reading

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