Fundraising data
Every disclosed round over €1m, tracked by the Sesamers data desk. Toggle the period, read the charts, download the reports.
Capital deployed by quarter
Capital deployed by quarter. Bar chart, 4 bars. Highest: Q3 26, €12.6B. Lowest: Q4 26, €4.0B. Highlighted: Q4 26. Values: Q1 26 €4.1B, Q2 26 €4.9B, Q3 26 €12.6B, Q4 26 €4.0B.
Source: Sesamers deals tracker · n = 729 rounds
Capital by sector
share of period totalRanking, 6 rows. 1. AI 26.1%, 2. Unclassified 15.9%, 3. Defence AI 11.8%, 4. Defence Tech 8.3%, 5. Gov Tech 4.5%, 6. Other 33.4%.
Rounds by stage
count shareBar chart, 6 rows. Pre-seed 15.5%, Seed 29.4%, Series A 18.7%, Series B 5.2%, Series C 2.6%, Other 28.7%.
Capital by country
share of period totalRanking, 6 rows. 1. Germany 28.4%, 2. United Kingdom 25%, 3. France 23%, 4. Spain 4.1%, 5. Sweden 3.5%, 6. Rest of Europe 16.1%.
Round size distribution
share of round countBar chart, 4 rows. €1–3M 28%, €3–10M 32.2%, €10–25M 17.8%, €25M+ 21.9%.
Who writes the cheques
share of capital · verified investorsWho writes the cheques, share of capital. Donut chart, 5 slices. €4.0B Capital. Undisclosed 47% (46%), Venture capital 31% (31%), Private equity 8% (8%), Other 8% (8%), Family office 7% (7%).
- Undisclosed47%
- Venture capital31%
- Private equity8%
- Other8%
- Family office7%
Median round, trended
€ millions · selected period highlightedMedian round, trended, € millions. Line chart, 1 line. Median: Q1 26 €7.2M, Q2 26 €7.7M, Q3 26 €6M, Q4 26 €5.4M.
Periods with fewer than 5 rounds have no median and break the line.
Largest rounds - Q4 2026
All coverage →| Rank | Company | Stage | Sector | Lead | Amount |
|---|---|---|---|---|---|
| 01 | Fractile | Series C | Defence AI | lead not disclosed | €691.9M |
| 02 | Legora | Series D+ | Unclassified | Atreides Management | €490.7M |
| 03 | CMR Surgical | Equity | Unclassified | Stryker | €358.1M |
| 04 | OMass Therapeutics | Series C | Unclassified | Bain Capital Life Sciences, Forbion, Novo Holdings | €276.1M |
| 05 | Nouscom | Series D+ | Unclassified | M Ventures, Revelation Partners (co-leads) | €120M |
| 06 | Salience Labs | Series B | Industry | Bullhound Capital | €111.4M |
| 07 | Hypersonica | Series B | Defence Tech | Lightspeed, General Catalyst (co-led) | €100M |
| 08 | Universal Quantum | Series A | Unclassified | DCVC, Firgun Ventures | €89.3M |
| No disclosed rounds in this period. | |||||
Totals are converted to EUR at editor-set rates (GBP 1.17 · USD 0.92 · CHF 1.06). Individual rounds are shown as announced.