European tech companies raised $61.9B in first nine months of 2026

European tech companies raised $61.9B across 2,397 rounds from January to September 2026, up 63% from $37.9B a year earlier, according to Tracxn. Late-stage rounds took 53% of the total, led by Mistral AI's $3.5B Series D, while Nvidia's $12.9B purchase of Hugging Face was the largest exit.

• Late-stage funding reached $32.7B across 214 rounds, average round up to ~$153M
• AI Infrastructure led segments with $15.7B raised
• London companies raised $21.6B, raising the city's share to 35%
• Acquisitions fell 27% to 815; largest was Hugging Face at $12.9B