Funding · by stage
The short answer
The funding ladder
Every European funding stage, benchmarked from the round tracker: what a round is at each rung, its median size, and who is actually raising there. Each rung opens the full stage hub - data, largest rounds, and the investors who lead.
- Stages tracked
- 7
- Rounds tracked
- 1,270
- Capital tracked
- €40.4B
Counted from disclosed rounds · EUR-converted at desk ratesMethodology on the data desk
Rung 0Pre-seed
Median round€1.7M
Capital tracked€410.1M
Rounds178
Largest€26.7M
Stage hub →
Rung 1Seed
Median round€3.8M
Capital tracked€3.5B
Rounds436
Largest€891.4M
Stage hub →
Rung 2Series A
Median round€13.8M
Capital tracked€6.3B
Rounds336
Largest€200M
Stage hub →
Rung 3Series B
Median round€31.5M
Capital tracked€5.9B
Rounds132
Largest€304M
Stage hub →
Rung 4Series C
Median round€70M
Capital tracked€9.1B
Rounds63
Largest€1.2B
Stage hub →
Rung 5Series D+
Median round€149.5M
Capital tracked€7.4B
Rounds18
Largest€3B
Stage hub →
Rung 6Growth
Median round€34M
Capital tracked€7.8B
Rounds107
Largest€1B
Stage hub →