Despite a cautious VC climate and persistent geopolitical jitter, European startups are still wearing serious money.
The startups of the continent have picked up everything from Airroom data, from Ai Drug Discovery and Space Starts to quanta software and fusion energy, the startups of the continent.
We crisped the numbers so that they don't have to. Here are the 20 largest startup finance rounds for H1 2025.Note: This list only contains startups that were founded in 2015 and later.)))
1. Helsing – 600 m €
Headquarters: Munich, Germany
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Helsing builds AI-driven software for defense systems that are intended to help democratic governments react to modern security threats. In one of General Catalyst, under the direction of General Catalyst in the series D € 600 million, an enormous confirmation for the rapidly growing tech sector in Europe. The deal brought Helsing's evaluation to € 12 billion and did it One of the most valuable private companies in the continent.
2. Isomorphic laboratories – € 508m
Headquarters: London, Great Britain
ISOMORPHE Labor is a Deepmind spinout that AI is aiming for modeling molecular biology using molecular biology using molecular biology using molecular biology in order to drastically accelerate the discovery of medicinal products. It collected 508 million euros in March and signaled that the faith investors in Ai's have Promise, pharmaceutical research.
3. Neoot – 350 m €
Headquarters: Paris, France
Neot offers financing solutions for clean transport and off-grid energy projects such as electric buses and solar battery stores. The EUR 350 million round is less about conspicuous technologies than to enable the green infrastructure of Europe on the level.
4. Verdiva Bio – 348 m €
Headquarters: London, Great Britain
Verdiva organic Jump out of Stealth In January with a rich € 348 m For a new series of drugs that aim to combat obesity epidemic. It was one of the largest biotech VC deals in Europe, which indicates the appetite of the investor on the booming market for weight loss.
5. XY Miners – 254 m €
Headquarters: Lewes, Great Britain
In April 2025, XY Miners collected € 254 million in a VC round in late level to expand his cloud-based Bitcoin mining operation.
6. Neko Health – 250 m €
HQ: StockholmSweden
Neko Health was founded by Daniel EK from Spotify and offers AI companies Full body health scans for early detection of diseases. The 250 million. -Euro series B in January was a great vote of trust in preventive health care.
7. Multive computing – € 189m €
Headquarters: San Sebastián, Spain
Multive computing builds quantum software for sectors such as finance and logistics. Thanks to its 189-MIO. Serie-B round in June, the company has become one of the best financed quantum players in Europe.
8. Auro Travel – 180 m €
Headquarters: Madrid, Spain
Auro operates a premium hail and chauffeur service for corporate in essential a high-end Uber for corporate customers. In February 2025, the company collected EUR 180 million in a VC round in the late stage, whereby plans to scale on the entire market for mobility market in southern Europe.
9. TravelPerk – 170 m €
Headquarters: Barcelona, Spain
Travelperk manages bookings, payments and guidelines for company trips. It brought EUR 170 million in a series E round in January 2025 to expand worldwide because business trips continue to collapse.
10. Windward organic – € 169m €
Headquarters: Basel, Switzerland
Windward Bio was created in January from Stealth with € 169 million to develop new treatments for cancer, immune conditions and rare diseases.
11. Dojo – € 161m
Headquarters: London, Great Britain
Dojo builds payment and business tools for service-oriented brands think about salons, cafés and event rooms. In May 2025, it increased EUR 161 million in a growth capital round, which hopes to compete with players like Square and Stripe.
12. Synthesia – € 152m
Headquarters: London, Great Britain
With synthesia, users can create AI-generated videos from text for applications such as corporate training and marketing. The round of € 152 million brought it to an assessment of € 1.9 billion.
13. Isar aerospace – € 150 m
Headquarters: Ottobrunn, Germany
Isar, which builds small rockets for satellite starts, drove the first Orbital rocket start in Western Europe at the beginning of this year. In June, it secured a convertible loan of € 150 millionTake the total amount to north of € 600 million -Dadurch Europe's best -finished space startup.
14. Ori Industries – € 149 million
Headquarters: London, Great Britain
ORI creates infrastructure for the management of workloads in cloud and edge networks. The EUR 149 million increases well and the Edge Computing needs heated.
15. Quantum systems – € 149 m €
HQ: Gilching, Germany
Quantum Systems produces electrical drones that are used for defense, mapping and agriculture. In a series -C round in May 2025, 149 million EUR was collected and was Europe Last defense -tech unicorn.
16. Quantexa – 148 m €
Headquarters: London, Great Britain
Malexa uses a graphic AI to recognize fraud and financial crime. In January 2025, the company collected EUR 148 million in a VC round in the late level and took over its total financing over half a billion euros, as it is deeper in sectors such as insurance and defense.
17. Solaris – 140 m €
Headquarters: Berlin, Germany
Solaris offers a platform for banking transactions that enables companies to integrate regulated financial services. In a series G round in June 2025, 140 million EUR were collected.
18. ZEPZ – 140 m €
Headquarters: London, Great Britain
ZEPZ has World Department and Sendwave – two large digital transfer platforms. With EUR 140 million in new funds, the mobile-first money transfer in emerging countries doubles.
19. Azafaros – € 132 m €
Headquarters: Suffering, Netherlands
Azafaros develops small molecular medicines that aim at rare metabolic disorders. In June 2025, the company collected EUR 132 million in a series -B round.
20. Proxima fusion – € 130 m €
Headquarters: Munich, Germany
Proxima Fusion develops Stellarator reactors for the nuclear fusion and aims to create a new source for practically unlimited clean energy. The round of EUR 130 million in June 2025 is the The biggest round that was ever applied by a European Fusion startup.
The big picture
So far, in 2025 a strong funding concentration in AI, Biotech, Defense and Deep Tech has seen with startups such as Helsing and Proxima fusion, which increase record rounds in their respective fields.
It is not surprising that startups dominated the charts in the UK and Germany. But do not overlook Spain and France, in which both had several startups north of € 150 million.
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