Venture investment in Europe is at a four-year high, but remains concentrated in a small number of very large deals, particularly in AI. UK companies raised $6.8bn in the third quarter, more than Germany ($5.3bn) or France ($4.9bn), as in every quarter on this chart. Britain remains the deepest venture market in Europe.
Germany's and France's strong quarters were made by a handful of rounds. Mistral's $3.5bn raise is around 70% of France's total.
Private markets continue to expand. The most promising companies stay private for longer, and large late-stage rounds now do the job IPOs once did, with growth funds, sovereign wealth funds and corporates writing many of the cheques. That gives early-stage investors a route to liquidity and finances companies further into their growth.
If you're interested in learning more about private markets, or considering investing alongside us, send us a message or sign up to our newsletter through the link in our bio.
Source: PitchBook data, KPMG Venture Pulse Q3'26.
Follow @harrathcapital for more.
Germany's and France's strong quarters were made by a handful of rounds. Mistral's $3.5bn raise is around 70% of France's total.
Private markets continue to expand. The most promising companies stay private for longer, and large late-stage rounds now do the job IPOs once did, with growth funds, sovereign wealth funds and corporates writing many of the cheques. That gives early-stage investors a route to liquidity and finances companies further into their growth.
If you're interested in learning more about private markets, or considering investing alongside us, send us a message or sign up to our newsletter through the link in our bio.
Source: PitchBook data, KPMG Venture Pulse Q3'26.
Follow @harrathcapital for more.
Venture investment in Europe is at a four-year high, but remains concentrated in a small number of very large deals, particularly in AI. UK companies raised $6.8bn in the third quarter, more than Germany ($5.3bn) or France ($4.9bn), as in every quarter on this chart. Britain remains the deepest venture market in Europe.
Germany's and France's strong quarters were made by a handful of rounds. Mistral's $3.5bn raise is around 70% of France's total.
Private markets continue to expand. The most promising companies stay private for longer, and large late-stage rounds now do the job IPOs once did, with growth funds, sovereign wealth funds and corporates writing many of the cheques. That gives early-stage investors a route to liquidity and finances companies further into their growth.
If you're interested in learning more about private markets, or considering investing alongside us, send us a message or sign up to our newsletter through the link in our bio.
Source: PitchBook data, KPMG Venture Pulse Q3'26.
Follow @harrathcapital for more.
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
