More capital. Fewer deals. What H1 2026 tells us about European tech
Tech.eu Cate Lawrence
European tech funding recovered to €44.1 billion in H1 2026, but the number of deals fell to 1,740 compared with 2,000 in H1 2024, indicating investors are concentrating capital into fewer companies. AI emerged as the largest sector by funding at €5.9 billion, with the UK accounting for €18.7 billion of the total and dominating the largest deals. The shift toward capital concentration over deal volume suggests a more selective investment environment focused on capital-intensive sectors like cloud infrastructure, AI, and robotics.
Why it matters
Throughout the year we track various data points across the European tech ecosystem, and the mid-year mark is a great time to review numbers and highlight significant milestones and what the implicati...
