Stage · Funding
Series D+ funding in Europe, 2026
Late venture rounds — D and beyond — often pricing toward an exit.
Capital tracked€2,861,200,000
Rounds11
Startups14
€2.9B
Capital tracked
11
Disclosed rounds
€1.6B
Biggest round
14
Startups tracked
Series D+, in numbers
11 rounds on record · 11 with a disclosed amount
Capital by sector
Defence AI 65%
Defence Tech 11%
Last-Mile Logistics 10%
Accounting Automation 8%
Fintech 6%
Capital by year
Share of rounds
Source: Sesamers round tracker · full data desk →
Largest rounds tracked
Disclosed rounds only · EUR-converted at desk rates
| Company | Round | Sector | Lead | Amount |
|---|---|---|---|---|
| Helsing Germany | Series D+ | Defence AI | - | €1.6B |
| Isar Aerospace Germany | Series D+ | Defence Tech | Island Green Capital, Molten Ventures | €270M |
| Forto Germany | Series D+ | Last-Mile Logistics | Disruptive, SoftBank Vision Fund, Northzone | €224M |
| Taxfix Germany | Series D+ | Accounting Automation | Teachers' Venture Growth (Ontario Teachers') | €199.1M |
| Upvest Germany | Series D+ | Capital Markets Tech | Sapphire Ventures, Tencent | €108.2M |
| SkyCell Switzerland | Series D+ | Industry | - | €106.9M |
Startups in Series D+
From the directory
ST
Shift Technology
AI · Series D+
AI-powered fraud detection and claims automation software for insurance companies.
Series D+ · €183,000,000
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MA
ManoMano
Consumer tech · Series D+
Online marketplace for DIY, home improvement and gardening products across Europe.
Series D+ · €110,000,000
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AL
Algolia
AI · Series D+
AI-powered search and discovery API that lets developers build fast search into apps and websites.
Seed · €1,102,941
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Who invests here
Funds with a verified round in this hub · most active first
Tencent
Led 1 of 1 round tracked in Series D+. Tencent invests directly from its balance sheet rather than through a separate…
Ticket undisclosed
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Sapphire Ventures
Series A–Series B
Led 1 of 1 round tracked in Series D+. Sapphire Ventures invests at expansion stage in post-product-market-fit enterprise software and enterprise…
Ticket undisclosed
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RA Capital Management
Series B–Series C · Biotech
Led 1 of 1 round tracked in Series D+. RA Capital Management is an evidence-based healthcare and planetary health investor and…
Ticket undisclosed
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