Funding · by stage
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 tracked7
Rounds tracked912
Capital tracked€30.2B
Counted from disclosed rounds · EUR-converted at desk rates · methodology on the data desk
Rung 0Pre-seed
Median round€1.7M
Capital tracked€206.7M
Rounds95
Largest€12.8M
Stage hub →
Rung 1Seed
Median round€3.8M
Capital tracked€2.7B
Rounds288
Largest€891.4M
Stage hub →
Rung 2Series A
Median round€14.2M
Capital tracked€4.9B
Rounds259
Largest€172M
Stage hub →
Rung 3Series B
Median round€30M
Capital tracked€4.6B
Rounds108
Largest€304M
Stage hub →
Rung 4Series C
Median round€69.5M
Capital tracked€7.3B
Rounds54
Largest€1.2B
Stage hub →
Rung 5Series D+
Median round€108.2M
Capital tracked€3.2B
Rounds13
Largest€1.6B
Stage hub →
Rung 6Growth
Median round€34M
Capital tracked€7.2B
Rounds95
Largest€1B
Stage hub →