Which European countries received the most VC investment in 2025?

Valerie Charoux
Oct 30
3 min read

Investment News Europe – Here are the Top 10 European countries that received the most VC investment from Q1 to Q3 2025, as well as the European country that received the most VC funding and in what sectors, according to the Dealroom October 30th 2025 report:

1 – Which European country received the most VC funding in 2025 and in what sectors?

The United Kingdom received by far the most VC investment from Q1 to Q3 2025, according to Dealroom, with USD 17.3 billion.

In Q3 2025, UK startups raised USD 9 billion in venture capital. This means the ecosystem is on track to finish the year at over $23 billion. Already in the first three quarters of 2025, UK startups have raised more funding than in all of 2024.

Of the 12 major funding rounds in the UK, which accounted for 61% of Q3 VC funding, only three went to AI-focused companies, namely Nscale, Signal AI, and CuspAI.

Here are the sectors that received the most VC funding in the UK in Q1 to Q3 2025:

1 - It is the Fintech sector that has attracted the most VC funding in the UK in the first three quarters of 2025, with USD 5.3 billion. More than a third of that amount went to Revolut's $2 billion funding round.

2 - The 2nd sector attracting the most VC funding in the UK is the Health Tech sector with USD 3.2 billion.

3 – The 3^rd sector attracting the most VC funding in the UK is the Hosting sector with USD 1.3 billion.

4 – The 4^th sector attracting the most VC funding in the UK is the Energy sector with USD 1.2 billion.

5 – The 5^th sector attracting the most VC funding in the UK is the Semiconductors sector with USD 898 million.

2 - Top 10 European countries that receive the most VC investment from Q1 to Q3 2025:

1 – United Kingdom

The UK ranks No. 1 country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 17 billion.

The UK produced 13 new unicorns in 2025, that is more than any other European country, second only to the US in the rankings. In total, the UK is now home to 198 unicorns and 241 thoroughbreds — that is, companies generating at least $100 million in annual revenues. These two categories are not mutually exclusive: 120 companies qualify as both.

2 – France

France ranks 2^nd country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 6 billion.

3 – Germany

Germany ranks 3^rd country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 6 billion.

4 – Switzerland

Switzerland ranks 4^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 3 billion.

5 – Spain

Spain ranks 5^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 2 billion.

6 – Sweden

Sweden ranks 6^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 2 billion.

7 – Netherlands

The Netherlands ranks 7^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 2 billion.

8 – Finland

Finland ranks 8^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 1 billion.

9 – Norway

Norway ranks 9^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 958 million.

10 – Ireland

Ireland ranks 10^th country in Europe that received the most VC investment from Q1 to Q3 2025 according to Dealroom, with USD 874 million.